Value Added Tax

Read the latest in VAT regulatory updates

  • Argentina Modifies the Invoicing requirement for Small Taxpayers

    On August 3, 2018, the federal tax administration of Argentina (AFIP) enacted Resolutions 4290, 4291 and 4292

    Read Article
  • ×

    Regulatory Analysis News - Delivered Weekly

    Company
    Thank you for subscribing!
    Error - something went wrong!
  • South Africa Proposes Amendment to Change VAT Rate

    South Africa's Minister of Finance has published a draft amendment, which if enacted, would change South Africa's VAT rate back to 14%.

    Read Article
  • UK Publishes Additional Guidance for Making Tax Digital Initiative

    On Friday, July 13, 2018, HMRC released additional information regarding the Making Tax Digital initiative, which is currently set to go into effect in the United Kingdom on April 1, 2019.

    Read Article
  • Panama Releases Roadmap for eInvoice

    The Ministry of Finance announced on their Twitter account, a Roadmap for the implementation process of the new eInvoicing regime in Panama.

    Read Article
  • Hungary Publishes Real Time Reporting Regulation

    On June 1, "Decree No. 2/2018 (1 June) of the Minister of Finance" was published in the Hungarian Gazette regarding the real time reporting regulation. Details follow.

    Read Article
  • ×

    Subscribe to the Intelligent Compliance Weekly Blog

    Thank you!
    Error - something went wrong!
  • European Council Clears Way for Italy e-Invoicing Requirement

    On April 16, 2018, the European Council approved Italy's derogation request from the EU VAT Directive, bringing Italy one step closer to implementing its mandatory e-Invoicing requirement.

    Read Article
  • UK-EU Draft Withdrawal Agreement Published

    On March 19, the UK published first draft of a withdrawal agreement, although not finalized, indicates that for value-added and excise taxes, much of the status-quo with the EU will remain until 2021.

    Read Article
  • UK Finance Act 2018 Finalized

    On March 15, 2018, Finance Act 2018 was granted Royal Assent by the UK Parliament that makes several changes to direct and indirect taxation in the UK.

    Read Article
  • China to Lower Select VAT Rates on May 1

    At the Executive Meeting of the State Council held on March 28, Premier Li Keqiang announced additional VAT reform measures directed towards easing the overall tax burden for taxpayers.

    Read Article
  • EU Proposes An Interim Tax On Certain Revenue From Digital Activities

    The European Commission recently proposed new rules to ensure the fair taxation of digital business, placing the EU at the forefront in designing tax laws aimed at the modern digital economy.

    Read Article
  • EU Report on E-commerce Identifies Challenges and Opportunities

    Report contends that governments must aim to support legitimate trade by making the process as a simple as possible, targeting non-compliant businesses while maintaining reasonable compliance burden.

    Read Article
  • South Africa VAT Rate to Increase April 1, 2018

    The South African Revenue Service (SARS) has announced that the VAT rate increase from 14% to 15% effective April 1, 2018, is still moving forward.

    Read Article
  • UK Publishes the Value Added Tax Regulations 2018

    UK VAT-registered businesses will be found non-compliant with VAT reporting obligations after April 1, 2019, if their electronic VAT records are not maintained on functionally compatible software...

    Read Article
  • UK Publishes VAT Regulations Requirements Pertaining To Digital Record-Keeping

    UK VAT regulation requirements clarify the type of information required to be kept in digital format, the definition of functionally compatible software, and the exemptions available to businesses.

    Read Article
  • New Mexico Allows for Evidence of Exemption Entitlement Other than a Nontaxable Transaction Certificate

    New Mexico Governor signed House Bill 194 into law thereby allowing purchasers to provide evidence other than a nontaxable transaction certificate to prove eligibility for a gross receipts deduction.

    Read Article
  • South Africa Announces 2018 Budget Measures

    The South African Ministry of Finance has proposed an increase in the VAT rate from 14% to 15%. If signed by the President this new rate will go into effect on April 1, 2018.

    Read Article
  • UK Parliament Debates Major Post-Brexit Bill For Cross-Border Supplies of Goods

    The UK Parliament is currently debating a bill that could greatly impact how businesses in the UK handle cross-border supplies of goods post-Brexit.

    Read Article
  • UK VAT Tribunal Weighs in on Taxation of Powdered Drinks

    Ruling validates tax rule applying varying VAT treatment based on the particular flavours of Nesquik in the UK.

    Read Article
  • European Commission Backs Italy's E-Invoicing Mandate

    On February 5, 2018, the European Commission backed Italy's e-invoicing mandate by recommending the EU Council approve Italy's derogation request from the EU VAT Directive.

    Read Article
  • European Commission Proposes Changes to VAT Regime

    On January 18, 2018, the European Commission proposed an overhaul of the European VAT System, building on the 2016 VAT Action Plan.

    Read Article
  • loading
    Loading More...