On 11 March, Michael Gove, minister for the Cabinet Office, announced a further six-month extension on import declarations completions and border checks until 1 January 2022. This acknowledges the struggles of UK and EU businesses to come to terms with the new, post-Brexit customs paperwork
Update; The India e-invoice threshold was lowered to 20 Core 1 April 2022. The Indian Central Board of Indirect Taxes and Customs has lowered the annual sales threshold for mandatory GST e-invoices. Check VAT Calc’s global live VAT invoice transaction and e-invoice reporting tracker to see where else
Slovakia and Poland have signed an automatic exchange of VAT data agreement. The agreement will facilitate transfer of transactional-level data to help both countries detect cross-border VAT fraud. Poland already has similar arrangements with German, Czech, Hungary and Lithuania. The agreement will come into effect
Updates listing of countries where taxpayers will not require special VAT agent for French VAT registrations France has published its list of countries where businesses without a French fixed establishment but with a French VAT registration are not required to appoint a French Fiscal Representative.
The Brazilian Supreme Court has blocked the levying of state VAT on licensing, electronic transfer or downloading software. ICMS (Imposto sobre a Circulação de Mercadorias e Prestação de Serviços de Transporte Interestadual e Intermunicipal e de Comunicação) is one of the range of VAT-like taxes.
The EU’s European Commission has launched its latest public consultation on ending banking, insurance and other financial services’ exemption from VAT. In particular taxing fee-based services as opposed to interest-based (loan interest, credit etc). It last attempted to bring financial services into the VAT net
The latest version of Spanish SII live reporting, v1.1, was implemented for 1 July 2021. This included the following additional information: Quick Fixes The was mainly to accommodate the new EU Four Quick Fixes and additional information required to record goods held as call-off stocks
Afghanistan will not implement an international standard Value Added Tax regime until 21 December 2022. The previous implementation date was December 2020. There are 172 countries with VAT around the world. This will eventually replace the 10% business receipt tax. There is also currently a
Angola is introducing a Value Added Tax threshold of AOA 350 million per annum. Angola introduced its 14% VAT on 1 October 2019. This includes sales and imports. The Angola regime is a ‘SLIM’ regime – simple, local and modern design. In addition to the
On 1 January 2021, the UK ecommerce VAT rules changed on consignments not exceeding £135 and deemed supplier online marketplaces (OMP). This mirrored the 1 July 2021 EU e-commerce VAT package. A concession on business-to-business B2B imported sales of goods was made. Instead of output
