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Abstract from the IVA Newsletter - December 2018:

Dear VAT professionals,

In this issue:

1. Register for the IVA Spring Conference in May 2019
2. Welcome to our latest IVA Member
3. IVA Webinars
4. Important VAT/GST Information
4.1. Germany – "German Annual Tax Act 2018" passed. What will change... regarding VAT from 1 Jan 2019?
4.2. Russia – Latest Update
4.3. United Kingdom
5. European VAT News
6. World VAT/GST News
7. News from Accountancy Europe

1. Register for the IVA Spring Conference in May 2019

Dates: 16th and 17th May 2019

Main topic: New VAT foundations

Irresistible forces are making VAT and indirect taxes rapidly change in Europe and worldwide: whether due to the development of e-commerce, the permanent and continuous creation of new types of goods, services and other products, the fight against tax evasion and fraud, new VAT and customs rules, introduced in a sort-of harmonized disorder by governments, general digitalization, new IT systems and automation to cope with all these changes, and finally the tax judges trying to interpret this complex world.

4.2. Russia – Latest Update

Russia increased VAT rate from January 2019

Russia has approved the law increasing the standard VAT rate from 18% to 20% from 1 January 2019. 
However, the reduced rate of 10 %, and the 0 % remain unchanged. The rate of 10 % is applied to basic foodstuffs, medicines, child’s products etc, the rate of 0 % - for exports of goods, international transportation.

5. European VAT News


From 1st January 2019, tax payers may opt to apply for VAT on professional rent, only when the construction of the respective building started as from 1st October 2018.

Bulgaria - 2019 Intrastat thresholds
The National Statistical Institute announced the new Intrastat thresholds, effective from 1 January 2019:
- Intrastat Dispatches - BGN 280,000;
- Intrastat Arrivals - BGN 460,000

In addition, the thresholds for declaring statistical value will be:
- Intrastat Dispatches - BGN 14,400,000;
- Intrastat Arrivals - BGN 7,400,000
The single low-value transactions threshold will remain the same: BGN 390.

6. World VAT/GST News


From 1 January 2019, the Malaysian tax authorities confirmed that it will amend its current Sales and Service Tax (SST) legislation in order to apply SST to online services supplied by non-resident (foreign) companies.

At present, foreign businesses providing digital services in Malaysia do not have to charge VAT on their sales. However, in an effort to remove the unfair advantage this gives to non-resident companies over Malaysian resident providers, the Malaysian government are proposing that SST at 6% will be applied on these types of transactions made to both businesses and to consumers.


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News from the Board

Communique about the IVA activities in 2018

You can find the document here.

News from IVA members

United Kingdom

The UK has just released a Business brief on Certificates of Status and in particular dealing with rejected claims for the years 2016/17 and 2017/18...

Read more ...

News from EC

News from Accountancy Europe - December 2018

Accountancy Europe published a document on the Modernising VAT 

The document provides an overview of current EU initiatives in respect of VAT, for persons with a working knowledge of the European VAT system...

Read more ...

Disclaimer:  The information contained in the present page is general and does not constitute legal advice. Before taking any decision or action on the above information you should take the appropriate professional advice.