TNA: the new anti-VAT fraud tool from EC

On May 15th, the European Commission has issued a press release1 regarding a new tool called TNA to fight VAT Fraud which states “The new system will allow Member States to rapidly exchange and jointly process VAT data, leading to earlier detection of suspicious...

Avoiding VAT rise “won’t be easy” says Conte

Italian Prime Minister Giuseppe Conte was present at the Rete Imprese Italia 2019 Assembly held at the Palazzo della Cancelleria in Rome. During his speech he admitted that avoiding the VAT rate increase as safeguard for the year 2020 and 2021 “won’t be easy”(1). At...

Greece to reduce VAT rates

The 2018 budget surplus from Greece was better than expected, 4.4% of their GDP (0.3% above projections)1, which would allow the government to announce some relief measures for 2019. The surplus would mean around 1 billion euros who will be used to benefit pensioners...

Luxembourg reduced VAT rates as of 1 May 2019

Luxembourg Parliament has agreed to reduce VAT rates to 3% to electronic books, publications and online press and essential hygienic items such as tampons and sanitary pads. Besides, organic agriculture will benefit from a 8% reduced VAT rate for plant protection...