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.



The Ukrainian Ministry of Finances has announced that the customs exemption for online purchases will have a new threshold. Effective from 1 January 2019, the threshold will be three online purchases amounting to 150 EUR each/per month, instead of the current total of 150 EUR per month.

Exceeding the exemption threshold will result in the application of customs duties, excise duties and VAT on the online purchases.

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News from the Board

Communique about the IVA activities in 2018

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News from IVA members

Spain–Notice about not reaching a BREXIT Agreement

Please be informed that the Spanish authorities have issued a notice informing about the consequences as of March 30, 2019 of not reaching a BREXIT agreement that includes a transitory period, namely...

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News from EC

News from Accountancy Europe - January 2019

European Commission

Commission proposes legislative amendments to improve VAT for e-commerce and anti-fraud measures...

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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.