Temporary reduced VAT rate on energy and foodstuffs as inflation rises A Bill has been present the Ukrainian parliament to temporarily cut VAT as follows: Zero-rate on basic foodstuffs 7% – domestic electricity, heating, natural gas, public water supplies. The Bill has been submitted by
Inflation worries lead to suspension of 19% VAT on digital services and key foodstuffs The council of ministers has last week announced the zero-rating of a number of supplies as inflation rates gather pace. This includes the reversal of the January 2022 rise to 19%
Reporting threshold raised on movement of goods between Lithuania and other EU states Lithuania has increased its 2022 Intrastat reporting thresholds to the following levels: Arrivals €280,000k; and Dispatches €200,000 The Intrastat electronic reporting form requires data including: goods description; commodity code; delivery terms; mode of transport;
Senate progresses three taxes to replace COFINS, PIS, IPI, ICMS and ISS indirect tax maze One of the many proposals to reform the complex Brazilian indirect tax system is set to progress this year. Senate PEC 110/2019: consolidating existing federal and state taxes into a two
Temporary tax breaks on domestic fuel and basic foodstuffs The Bulgarian government has proposed temporarily reducing the Value Added Tax rate on basic foodstuffs, non-alcholoic drinks; medical products heating electricity and gas. The proposal now moves to Parliament, the National Assembly. The measure could come
2022 – three further provinces join electronic invoicing pilot China’s State Taxation Administration (‘STA’) is continuing to expand its voluntary introduction of the special e-fapiao e-invoice system, based on national invoicing platform, since the last wave of 25 regions joining the pilot in January 2021. These are
Puerto Rico has imposed Sales Tax collection and remittance obligations on facilitating marketplaces starting 1 January 2020. This was a retrospective move with the legislation passing in December 2020. The Puerto Rico current sales tax rate is 10.5%. Puerto Rico has introduced the ‘mail-order’ obligation
VAT compliance and reporting rules in Croatia Below is summary of the major rules provided under Croatian VAT rules (Croatian VAT Act of 2013 (ZPDV). And VAT bylaws), plus adoption of EU VAT Directive provisions. Our VAT Calculator & VAT Filer products on a single platform, VAT
