13 December 2018
World VAT/GST News - December 2018

Malaysia

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...

26 November 2018
World VAT/GST News - November 2018

Bahrain 

The Bahraini government has voted in favour of implementing Value Added Tax (VAT) at a rate of 5% from 1 January 2019...

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...

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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...

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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...

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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.