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VAT News & Updates

International VAT news every day

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.

 

 

Latest VAT news

02/09/2022
Austria: Clarifies input VAT deductions to telecom business for nonresident provider

A clarification on input VAT reductions for nonresident telecom businesses was published online by the Austrian Federal Ministry of Finance. 

VAT Updates
01/09/2022
Lithuania: Draft Bill for VAT Registration requirements for Related Entities

Government issued Bill No. XIVP-1915, which amends Article 71 of the VAT Law regarding the VAT registration of connected legal entities.

VAT Updates
01/09/2022
Ukraine: VAT Exemption on the sale of software products until 2028

The Ukrainian Parliament may prolong the VAT exemption on the delivery of software goods from January 1, 2023, until January 1, 2028.

VAT Updates
31/08/2022
Bangladesh: Government publishes VAT Audit Manual for 2022 

The Bangladesh Revenue Authority opens to the public via online the VAT Audit Manual for 2022. This will allow taxpayers to be informed and prepared.

VAT Updates
31/08/2022
Russia: Government clarifies changes on VAT Treatment for Digital Services

Government released online Letter No. SD-4-3/10308, which amends the VAT laws applicable to cross-border sales of electronic services beginning in October.

Digital Services
29/08/2022
Jamaica: GCT Technical Advisory Guide

Government released Advisory Guide No. 051622/01/GCT-TA covering issues affecting the time of supply as a result of the change to the 15% GCT rate.

VAT Updates
29/08/2022
Australia: GST Guidance for Reverse Charge on Cross Border Purchases

Qualifications for transactions that are coverable under the GST reverse charge mechanism for items purchased from outside Australia’s territories.

VAT Updates
26/08/2022
Slovakia: Right to correct the tax base in the case of an irrecoverable debt

The Slovak Financial Administration provided examples and explained taxpayer rights for a correction to the VAT tax base.  

VAT Updates
26/08/2022
Italy: VAT Treatment of Wheeled Ultrasound Equipment Sales Due to COVID-19

The government published Letter No. 388/2022, clarifying the VAT treatment of the sale of transportable ultrasound equipment due to COVID-19. 

VAT Updates
25/08/2022
Slovenia: Temporary VAT cut of 9.5% on Energy Consumption

Government proposed a VAT cut to 9.5% from the 22% standard rate on domestic energy consumption which will be applied from Sep 1, 2022, up to May 31, 2023. 

VAT Updates

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