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Abstract from the IVA Newsletter - March 2018:

Dear VAT professionals,

In this issue:

1. Welcome to our latest IVA Members 2
2. IVA Spring Conference - May 2018 2
3. Important VAT/GST Information 2
3.1. Germany – VAT exemption for the management of investment funds 2
3.2. Germany – VAT exemption for operation of ATMs 4
3.3. Hungary – Electronic Tax Administration 6
3.4. Spain - Intrastat System 6
4. European VAT News 7
5. World VAT/GST News 9
6. News from Accountancy Europe

1. Welcome to our latest IVA Members

Please welcome the latest new members of the International VAT Association – their contact details are on our website:

- ACT Advisory Services Ltd (Malta), represented by Stephen Balzan
- AUTARES (Austria), represented by Dr. Georg Kristoferitsch
- MobiCash Financial Technology Ltd (South Africa), represented by Patrick Ngabonziza
- Tax & Legal Administration (Romania), represented by Alina Popescu

2. IVA Spring Conference - May 2018

Dates: 17th and 18th May 2018

Main topic: “Fundamental Reform of the European VAT System - VAT in a new era”

3.3. Hungary – Electronic Tax Administration

Hungarian changes in electronic tax administration

The Hungarian tax authorities have restructured the method of electronic communication with the clients. Until now foreign companies with Hungarian VAT registrations could file VAT returns in paper form unless they had to file European Sales and Purchase Listings (ESPL). According to the new rules all companies having monthly VAT filing liabilities have to file VAT returns electronically.

4. European VAT News


The Bulgarian Supreme Administrative Court recently ruled in two cases of supplies of goods from Bulgaria to other EU Member States that the requirements to apply the 0% VAT rate concerning intra-community supplies were not fulfilled, despite the CMRs provided in the respective tax audits.

5. World VAT/GST News


Argentina have recently confirmed that local VAT is applicable to the supply of digital services made by non-resident providers to consumers in the country.


From 1 January 2020, the Singaporean government confirmed that it will introduce a Goods and Service Tax (GST) on the international sales of digital services to consumers by non-resident businesses.

South Africa

On 21 February 2018, a new draft Regulation containing the proposed SA VAT rules for electronic services suppliers was published for public comment. The draft Regulation will replace the existing rules which have been in place since 1 June 2014. Effectively the proposed Regulation contains the following reforms:


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News from the Board

Fighting VAT Fraud

The IVA directly contributed to the translation of the French translation of the EU VAT FORUM Guide on enhanced cooperation between Member States and Business in the field of fighting VAT fraud in support to the work of the EU VAT FORUM and the Commission.

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News from IVA members

Spain - Intrastat System

Please be informed that Order HFP / 36/2018, of January 18, establishing certain provisions related to the Intrastat System in order to unify and adapt the national Intrastat to the EU’s regulations, entered into force on March 1, 2018.

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News from EC

News from Accountancy Europe March 2018

The EU Commission has just launched a questionnaire/consultation, which is one of the last deliveries of the 2016 VAT Action Plan. It complements the recently adopted VAT Digital Single Market Package (5 December 2017). The latter simplified VAT rules for cross border business to consumers (B2C) supplies, while this initiative is about the administrative cooperation tools for the competent tax authorities to detect and control VAT non-compliant sellers trading online.

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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.