Greece is expected to go ahead with the severally delayed introduction of electronic transaction-based reporting regime, myDATA (my Digital Accounting & Tax Application), from 1 July 2021. This includes quarterly reporting of electronic invoices and accounting books via the state myDATA reporting platform. In this
Afghanistan is looking to implement a Value Added Tax regime from 22 December 2021. The standard VAT rate will be 10%. It will replace the existing 10% Business Receipts Tax, a turnover tax which is deductible against gross profits before corporate income tax. VAT registration requirements
Portugal is to go ahead with obligations for non-resident businesses to start using certified VAT invoice producing software from 1 July 2021. The use of QR Codes and ATCUD unique invoice number is postponed until January 2022. Like the current requirement for resident businesses, foreign
Two temporary cuts to VAT rates extended till 30 September 2021 during COVID-19 pandemic Turkey has extended again the reduce the Value Added Tax rate on accommodation and other services to the 1% reduced rate, this time until 30 September 2021. A range of other
India is relaxing some of the Goods and Services Tax compliance requirements in acknowledgement of the severe economic disruption being caused by the COVID-19 crisis. The following Central Board of Indirect Taxes and Customs published the following reliefs: Delay of up to 30 days for
Norway has extended further the VAT repayment scheme to assist businesses during the COVID-19 crisis. Norway has already deferred VAT payments twice, and agreed to VAT deferments will not have to start being paid until 31 October 2021. The prior start date was 30 June. The
The Saudi Arabian crown prince has stated that the 1 July 2020 VAT rise from 5% to 15% may be reversed in the future. Saudi VAT trebling to 15% July 2020 The trebling of VAT was brought in to shore-up government revenues at the height
Since 1 July 2021 and the introduction of the EU deemed supplier marketplace rules for electronic interfaces, certain records must be maintained by marketplaces. This covers when the marketplace is using the OSS or IOSS Special Schemes. This is part of the wider EU e-commerce
Bulgaria has started the approval process for an increase in its Value Added Tax registration threshold from BGN 50,000 to BGN 200,000 (about €100,000) per annum. The change could come into effect on 1 January 2022. Check EU VAT registration thresholds via VAT Calc’s live
Chile is planning to introduce more differentiated VAT rates to support its population during the ongoing COVID-19 emergency; meaning more categorisation of goods or services under the reduced VAT rates. Currently, most goods and services are subject to the standard Value Added Tax rate of
