Moldova has agreed to temporarily reduce the Value Added Tax rate on hotel, restaurant and café services. The new rate will be 6% as opposed to the current 12%. The standard VAT rate is 20%. The change will apply to qualified hotels, restaurants and catering
Norway is to prolong the last year’s temporary Value Added Tax reduced rate cut from 12% to 6% until 30 September 2021. The rate was originally cut in April 2020 to help key sectors hit by the economic effects of COVID-19 and the lockdown. The
The OECD has reported on some of the Value Added Tax issues around the gig and sharing economies. This includes the risks and challenges of fair and efficient tax collections, as well as the role of marketplaces and other intermediaries in registrations, calculations, reporting and
The US state of Florida has become the last of the major states to oblige non-resident (‘out of state) sellers to charge and collect sales tax on their local transactions. This follows the 2018 South Dakota vs Wayfair Supreme Court ruling which introduced the economic
Fourth Gulf Cooperation Council state to join VAT and customs union The Gulf State of Oman is to introduced Value Added Tax on 16 April 2021. It will be the fourth of the six Gulf Cooperation Council States to implement the indirect tax. The others
Chile has confirmed that software sold by non-resident providers to Chilean buyers is subject to Value Added Tax. Chile imposed 19% VAT on foreign sourced digital services in June 2020. This included downloaded software, gaming, online advertising etc. It did provide a simplified VAT registration
Italy’s Agenzia delle Entrate tax authorities have delayed the upgrade of VAT cash register until 1 October 2021 due to the COVID-19 virus emergency. Mandated certified online registers with daily invoice reporting were introduced from July 2019 for retailers with turnover above €400,000 per annum.
Harmonised VAT on e-publications and paper equivilants Estonia has introduced a range of tax measures to help businesses and consumers during the COVID-19 health and economic crisis. The Value Added Tax measures include: Electronic book and educations books will be reclassified to the 9% reduced
Turkey has again extended the application of temporary VAT cuts due to the ongoing coronavirus pandemic and economic situation. The following supplies will continue to be reclassified from the reduced 8% rate to the reduced rate of 1%: Overnight accommodation Hospitality services Entrance to theatres,
Angola has introduced a Value Added Tax registration threshold of AOA 10million per annum (approx. €13,000). Angola introduced VAT in October 2019 initially for large taxpayers. It then extended it to most businesses on 1 January 2020. For two years, smaller businesses were on a
