New Intrastat threshold for 2019

Since 1 January 2019 some EU Member States have updated their thresholds for reporting Arrival and Dispatches of goods in the Intrastat report. EU Country Arrival 2019 Dispatch 2019 Bulgaria  BGN 460,000 BGN 280,000 Denmark  EUR 600,000 EUR 600,000 Finland  RON 900,00...

Portugal reduced VAT rate of 6% now for e-books

Portugal has decided to reclassified the following goods and services to the 6% reduced VAT rate:Portugal has decided to reclassified the following goods and services to the 6% reduced VAT rate: – Digital e-books and online publications – Entrance fees to...

Italy implements Esterometro VAT report

Since 1 January 2019, Italy has withdrawn the requirement for resident and non-resident Italian tax payers to complete the Spesometro quarterly / bi-annual sales and purchase invoice listing. It is now replaced by a new monthly filing, the “Esterometro”, a...

China raises VAT registration threshold

As of 1 January 2019, the Chinese government has raised VAT registration threshold from 30,000 CNY to 100,000 CNY as a temporary policy to face a slowing global economy. The temporary measure is planned for the next two years and it is aimed to China’s small...