17 October 2017
World VAT/GST News - 10 2017

UAE 

The United Arab Emirates (UAE) has opened its VAT registration portal for businesses to register in time for the launch of VAT on the 1st January 2018...

20 September 2017
World VAT/GST - Puerto Rico 09 2017

Puerto Rico is considering the introduction of VAT at 15% on the provision of electronic services in the country.

At present, businesses providing digital services do not have to charge VAT on their sales. However, in an effort to cut its growing state deficit, the Puerto Rican government has announced that it is considering introducing the tax at 15% on the sales of these types of services, which includes sales by foreign businesses.

20 September 2017
World VAT/GST - Kuwait 09 2017

Kuwait has accepted the draft implementation of VAT and excise laws set by the Gulf Cooperation Council (GCC), which set the VAT rate at 5% in the country.

20 September 2017
World VAT/GST - Brazil 09 2017

Brazil is planning to consolidate its existing complex indirect taxes into a single Value Added Tax (VAT) regime.

The aim is to simplify the complex consumption tax regime currently in place, which in turn should cut the amount of administration hours that businesses in the country spend on calculating, reporting and paying their taxes.

20 September 2017
World VAT/GST News - UAE 09 2017

The United Arab Emirates (UAE) has now published its Value Added Tax (VAT) law confirming that it will be implementing VAT at a rate of 5% from 1 January 2018.

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News from the Board

Communique re Elections 2017

Dear Members, At our next Conference in Brussels in October (19.10.2017) we will be asking you to vote for the appointment of the members of the Board...

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News from IVA members

Spain - SII

SII and monthly data reconciliation. An advisable simple routine

With the experience gained after, almost, three months of helping companies with their SII obligations, we think worthwhile stressing the importance of a very simple routine which many may be tempted to dismiss as unnecessary...

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News from EC

News from Accountancy Europe – formerly the Federation of European Accountants

Major VAT packages expected for the autumn - 19 September 2017

The European Commission is driving its VAT reform agenda forward with full speed. On 4 October, it will publish the first step of its proposals to move towards a definitive regime and the destination principle. This will be accompanied by a proposal concerning the so-called certified taxable persons (CTPs)...

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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.