Parliament resists introduction of VAT despite ballooning deficit The Kuwaiti National Assembly members are challenging in the past few days the potential introduction of VAT and excise duties as the Arab Gulf state wrestles with a rocketing budget deficit. The Ministry of Finance has pencilled in
Reductions in cash settlements limited; tightening electronic payment fine regime Italy’s latest law decree (Number 146) entered into law last month and included a number of changes to the Value Added Tax rules. This included: Reduction of cash settlements limit from €2,000 to €1,000. This
Russia is to exempt providers of catering services from Value Added Tax from 1 January 2024. This includes the following service groups: Restaurants Cafes Hotel (non-accommodation related) Canteens and refectories Sign-up for our free VAT & GST news updates The following requirements will have to
From 1 July 2021, Russia has imposed obligations to establish a Russian representative office on non-resident websites, marketplaces, payment providers and data processors. This will trigger local Russian Value Added Tax and other tax obligations. Many obligations are delayed until 1 January 2022, and penalties
The Federal Tax Authority of the United Arab Emirates (UAE) has confirmed that sole traders (‘sole establishment’) – individuals not incorporated – may apply for a VAT number for their business(es). UAE VAT obligations The sole trader may apply in their own name or the
The eastern Himalayan state of Bhutan has introduced its Sales Tax on non-resident providers of digital services to its consumers. Such providers are now obliged to register, and report to the tax authorities when the pass a registration threshold of Nu 5million per annum (approx
