29 October 2018
World VAT/GST News - October 2018

India now requires all electronic marketplaces to retain a GST lump sum of 2 % of the trader transactions and to remit the amount to the tax office. Thus, online marketplace operators need to register for GST purposes in every Indian state to which supplies are made. Further details, regarding the declaration and payment procedure, have yet to be published...

19 September 2018
World VAT/GST News - September 2018  

 From 1 January 2019, the Russian parliament approved a rise in the standard rate of VAT from 18% to 20%....

15 August 2018
World VAT/GST News - August 2018

The Uruguayan tax authority recently confirmed that VAT at 22% is applicable on the sale of e-services to consumers by non-resident businesses in the country...

19 July 2018
World VAT/GST News - July 2018

Australia

Australia intends to implement a taxation of sales and the commission of hotel rooms by non-established suppliers. Where the annual turnover from the provision of Australian hotel rooms exceeds AUD 75,000 p.a., the supplier will have to account for 10 % Australian GST...

20 June 2018
World VAT/GST News - June 2018

Kuwait has recently announced that it will delay the introduction of Value Added Tax (VAT) until 2021...

10 May 2018
World VAT/GST News May 2018

The Russian Ministry of Finance has proposed significantly lowering its import VAT and duty exemption threshold for goods imported into the country (“low value consignment relief”).

15 March 2018
World VAT/GST News March 2018

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.

26 February 2018
World VAT/GST News February 2018

 The Ministry of Finance in Bahrain has confirmed that it will implement Value Added Tax (VAT) at a rate of 5% from 1 October 2018, with a VAT registration threshold set for all businesses at US$ 100,000...

22 January 2018
World VAT/GST News January 2018

Argentina

The Argentine government is proposing to levy VAT on consumers of digital services provided by non-resident providers.

12 December 2017
Canada - World VAT/GST News December 2017

Quebec’s Minister of Finance has recently announced a ‘tax fairness action plan’ which if implemented will require non-resident suppliers of goods and services (including electronic services) in the Canadian province, to register and account for Quebec Sales Tax (QST) on their transactions.

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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

VAT in the United Arab Emirates

After the implementation of its first consumption tax in the United Arab Emirates (UAE), the Federal Tax Authority (FTA) is continuing to make efforts to make compliance easy for businesses...

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News from EC

News from Accountancy Europe - October 2018

The European Commission has published latest figures (from 2016) on VAT gap in the EU in a new report. The Commission also published a helpful table summarising the VAT gap situation in the EU...

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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.