Romania reverse crisis VAT cuts Romania completes the roll back of the crisis VAT rate cuts. Its standard VAT rate will drop from 20% to 19% on 1 January 2017. This follows the cut from 24% to 20% on 1 January 2015. During the height
Third VAT increase following bail out Greece has raised its standard Value Added Tax rate from 23% to 24% from 1 June 2016. This reflects the struggling budget deficit and commitments made to its Euro bail out partners, the European Central Bank, EU Commission and
India’s opposition, the Congress party, continues to block the passage of the Goods and Services Tax (GST) bill. India plans GST implementation from October 2017. GST will replace a range of indirect taxes, including: CENVAT; VAT; Professional Tax; and Service Tax. Many of these taxes
VAT registered business to submit VAT invoice listings with VAT return To help combat VAT fraud, particularly missing trader or carousel fraud, the Czech Republic (Czechia) has introduced Control Statements from 1 January 2016. These require resident businesses to list all sales and purchases each
Since 1 January 2015, EU and non-EU businesses have been able to report their pan-EU sales of digital services to consumers via a single Mini One-Stop-Shop return. This may be filed in the country of establishment, or country of identification for third-country resident businesses. The
Luxembourg is to raise its VAT rate from 15% to 17% on 1 January 2015. The principality’s Value Added Tax rate remains the lowest in the European Union – albeit joint lowest with Cyprus. The following changes are made to the reduced VAT rates: 6%
The French government confirmed this week that the planned French VAT rise to 20% from 19.6% will go ahead on 1 January 2014. This will include the elimination of the 7% reduced VAT rate – with goods and services moving to either the 5.5% or 10% reduced
Italy is confirmed plans to raise Value Added Tax from 21% to 22% from 1 October 2013. The Reduced Rates will be: 10%; 5%; and 4%. Check global VAT and GST rates with VAT Calc’s tracker The rise was originally submitted in June 2011, and was
Companies able to join VAT groups in the Netherlands may be able to enjoy better recovery position. VAT groups enable related businesses to combine Dutch VAT inputs and outputs under a single VAT reporting number. If the companies are trading together, this can reduce the amount of
German is making a number of changes to its VAT code from 1 September 2013. You can check the right Germany, EU or worldwide VAT calculations on individual or batch transactions with our Advisor and Auditor services. In accordance with the new EC provision (Quick Reaction
