France to make Electronic Marketplaces to pay sellers’ VAT

France wants to reduce the VAT Gap which was more than EUR 20 billion in 2016(1) by implementing a series of measures to fight VAT Fraud and electronic marketplaces such as Amazon or Alibaba are being aimed by the government. According to LesEchos(2), the main change...

France to introduce a Digital Service Tax

On May 21, 2019, the French senate presented a law project for the creation of a tax on Digital Services(1). Find below the main points of the law project. Taxable companies The tax is aim to large companies in the digital sector whose taxable turnovers exceed EUR 750...

IMF report on Saudi Arabia VAT

On May 15, 2019 the International Monetary Fund has issued a concluding statement regarding Saudi Arabia economic development for the year 2018 where it makes comments on the present and future of VAT.(1) The economic reforms implemented by the government have yield...

Greece reduces VAT rate on goods and services

The Greek government through the Finance Ministry had reduced the VAT rates for certain categories of goods and services since Monday, 20 May.(1) (2) These cuts come into effect after being announce in previous weeks (3) as part of a tax reduction due to a surplus on...