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.
Maryland became the first state to place a tax on digital advertising. This is targeted towards large companies such as Google, Amazon, Facebook
The EU released guidance on steps needed to make sure that businesses can import products from the UK with no delays at customs under the new Free trade agreement.
The EU released a checklist in order to serve as a guide for businesses trading between the EU and the UK post Brexit under the Free trade agreement rules.
After the separation of UK from the EU the impact on taxation, particularly VAT, is focused on goods transactions. Since 1st January 2021, the fully neutral intracommunity supply and acquisition of goods has been replaced by export and import transactions.
As of July 1st 2021 when the new GST rules will be implemented in Canada, non-resident vendors and digital or distribution platform businesses may be required to register, collect and remit GST on their sales in Canada.
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
