Poland: Split Payment mandatory from 1 November 2019

Polish Parliament has approved the mandatory Split Payment Mechanism and it will come into force November 1, 2019. After being postponed earlier this year from July to September, the SEJM had voted in favor and passed the measure (1). The Split Payment Mechanism is...

Croatia to reduce standard VAT rate in 2020

Last Friday, July 26, 2019, the Prime Minister of Croatia Andrej Plenkovic and the Finance Minister Zdravko Maric, presented the latest tax reforms, among which there are some VAT rate cuts, which would reduce tax burden by HRK 3.75 billion (EUR 500 million...

Romania to reduce VAT rate in 2020

The Romanian Senate has received a legislative proposal on Junes 27, 2019, which states the intention to reduce the standard VAT rate in 2020 (1), which by the way, would be the lowest rate in the EU. If the Senate approves the measure, from January 1, 2020, the...

France approved Digital Service Tax

The Digital Service Tax (DST) was approved by the French Senate on 11 July 2019 (1), which will tax big technological companies. As previously mention in one of our posts the tax is aimed to large corporations in the digital sector whose taxable turnover exceed EUR...