VAT TV February 2023 news
VAT TV February 2023 news
in Tags
Want to join the VAT TV subscription list? Sign-up here. February VAT & GST news and views
Russia cuts tourism VAT to zero from 20% – update
Russia cuts tourism VAT to zero from 20% – update
in Tags
Tourist operators to gain VAT cut until 30 June 2027 Russian tour operators are to be included in temporary VAT zero-rating extended to tourism services last year. The Ministry of Economic Development has proposed zero-rating their domestic and in-bound tourism services. This will apply between
B2C goods VAT calculations, invoicing and return reporting in VAT Advisor
B2C goods VAT calculations, invoicing and return reporting in VAT Advisor
in Tags
Watch VAT Advisor deliver instant B2C distance sales calculations, marketplace deemed seller and VAT return reporting Contact us for your FREE trial VAT Advisor account Watch more VAT Advisor videos covering the basics, B2B chain supplies; the reverse charge; B2C digital services; how to create
Mexico VAT digital services non-resident providers update
Mexico VAT digital services non-resident providers update
in Tags
Mexico has added 15 new foreign providers of digital services which are liable to register and charge Mexican VAT on their local sales of streaming/download media, gaming, newspapers, website services and similar electronic services. This brings the total to 177 at the start of 2023
US Rhode Island proposes sale tax rate cut
US Rhode Island proposes sale tax rate cut
in Tags
Package of economic support includes cut to 6.85% with more reductions to come The Governor of Rhode Island state, Dan McKee has proposed a cut to the sales tax rate as part of a package of relief measures totalling $100 million for the 2024 fiscal
Spanish VAT reverse charge update
Spanish VAT reverse charge update
in Tags
Extension of reverse charge for certain domestic and non-resident transactions The Spanish General State Budget Law for 2023 has extended the use of the reverse charge, which shifts the VAT reporting obligations from the supplier to the customer. Domestic reverse charge – Art 199 EU
Croatia Euro currency 2023 – VAT and Intrastat thresholds
Croatia Euro currency 2023 – VAT and Intrastat thresholds
in Tags
20th country to adopt the European Union currency; new VAT thresholds Croatia became the 20th country to adopt the Euro currency on 1 January 2023. It replaced the kuna (HRK), which came into circulation in 1994 following the break-up of Yugoslavia. The official exchange rate
Luxembourg raises Intrastat 2023 threshold
Luxembourg raises Intrastat 2023 threshold
in Tags
Increase in arrivals and dispatches goods reporting threshold Luxembourg has hiked the annual thresholds for reporting the movement of goods from (arrivals) and to (dispatches) other EU member states. Arrivals: increased to €250,000 per annum from €200,000 Dispatches: increased to €200,000 per annum from €150,000
Bulgaria VAT relief on bad debts 2023
Bulgaria VAT relief on bad debts 2023
in Tags
Bulgaria allows for VAT invoice bad debt relief to fall into line with EU Following a September 2022 public consultation, Bulgaria has amended its VAT Act to provide relief on VAT remitted to the tax authorities for sales invoices which subsequently are not settled by
End the global VAT headache: live calc, tax law citations and compliant invoices from VAT Advisor
End the global VAT headache: live calc, tax law citations and compliant invoices from VAT Advisor
in Tags
VAT Advisor ends the pain for complex cross-border transactions If you are selling cross-border goods or services – traditional or digital – you’ve got international VAT / GST questions: Who should pay how much tax, and in which country? What tax laws, EU VAT Directive