Our professional and specialized VAT team is always informed with the latest VAT updates and regulations from around the world. Here you will find all you need to know regarding all the latest VAT news and information.
VAT on electronic services to be collected starting September 2021. The new VAT rules were posted in the Royal Gazette and will be effective in September.
Canada’s revenue from the new digital services tax is to be higher than expected as estimations show that Canada would gain over $1.02 Billion
The Covid19 stimulus plan was implemented for a six month period. Starting September 2020 VAT in Ireland was reduced from 23 to 21%.
On 5 February 2021, the Polish Ministry of Finance proposed a draft amendment to the VAT Act, introducing to the Polish legal order the possibility to issue structured invoices as one of the permitted forms of documenting transactions.
This has been published in the Official Gazette on the 4th of February 2021 and will take effect on the 15th of March 2021. this resolution introduces the possibility to pay most tax debts via bank transfer
Italy is the first European country to implement mandatory B2B e-invoicing. While all domestic transactions are currently sent to the Italian Revenue Agency via Sistema di Interscambio (SDI)
Further information was released by the UK government website regarding Brexit. This information provides further clarifications on exporting and importing goods from to EU and the UK.
Postponed accounting is a way of making imports easier for UK companies at least in terms of VAT.
Businesses established in Northern Ireland who incur VAT on goods in the EU, and EU businesses who incur VAT on goods in Northern Ireland, will be able to recover this VAT through the electronic cross-border refund system
Starting 2022 Norwegian digital VAT returns will endure some changes. There will be a testing period by the end of 2021 before changes come into force.