Best fiscal results in 5 years from Luxembourg, despite VAT revenue plunge from electronic services
Date27 Dec 2017
The recent Budget from Luxembourg’s government has shown they came close to balance in the first three-quarters of 2017, as revenue growth outperformed spending, even with a continuing sharp fall...
Reading time: 2 min
Finland defers import VAT from January 2018
Date22 Dec 2017
From 1st January, 2018 importers of goods from outside of the EU into Finland will benefit from an import VAT deferment. Going forward importers with a Finnish VAT number will...
Reading time: 1 min
The Swedish authorities clarify VAT exemption for certain types of investment fund management services
Date21 Dec 2017
Swedish tax authorities have restructured their VAT guidance on services connected to investment funds, basically stating that providing management services to investment funds that deal with unit linked insurance plans,...
Reading time: 1 min
Norway Tax News
Date19 Dec 2017
Norwegian government proposes super reduced VAT rateIn October, 2017, the Norwegian government presented its plans for the 2018 budget declaring an increase of the super reduced rate from 10% to...
Reading time: 2 min
EU Tax News
Date15 Dec 2017
Weaponising VAT in 2018!Brexit VAT fraud. Austerity restrictions. Arab states panic on VAT. Global tax wars.Brexit – Are you getting ready for Armageddon?The impending trading model for post-UK Brexit looks...
Reading time: 4 min
EC provides insight on important reforms of EU VAT
Date14 Dec 2017
EC provides insight on important reforms of European Union VATThe European Commission (EC) has circulated information on a new set of reforms to the current EU VAT framework, with the...
Reading time: 9 min
Portugal – Flash Tax Information
Date14 Dec 2017
Conceito our Portuguese amavat® Partner Firm has supplied a ‘Country-by-Country Report (identification of the reporting entity): Ministerial Order No. 367/2017, of 11th December – Approves the Model 54 and its...
Reading time: 1 min
The BCC calls for tax cuts
Date12 Dec 2017
The British Chambers of Commerce calls for tax cutsAhead of the British Chancellor’s Autumn Budget in November, the British Chambers of Commerce (BCC) has urged the UK Government to take...
Reading time: 4 min
Portugal’s December Tax Dates
Date08 Dec 2017
Conceito our Portuguese amavat® Partner Firm has put together an English document with generic* information regarding Portugal’s ‘Tax Calendar’ for December 2017. (also available in Portuguese below) Click here for...
Reading time: 1 min
The Netherlands announces reduced VAT rate
Date07 Dec 2017
The Netherlands has announced a reduced VAT rate rise from 6% to 9% to pay for income tax rate cuts and band simplifications. The Dutch will reduce the number of...
Reading time: 1 min
EU Finance Ministers reach agreement on a series of e-Commerce VAT reforms
Date06 Dec 2017
At yesterday’s meeting of EU Finance Ministers (ECOFIN) they reached agreement on a series of e-Commerce VAT reforms. These proposals are aimed at simplifying the collection of VAT when consumers...
Reading time: 2 min
Danish SMEs receive support to spot tax errors
Date05 Dec 2017
From the beginning of 2018, the Danish tax agency will introduce a pilot scheme to support small to medium sized enterprises on value-added tax and direct tax compliance matters. This...
Reading time: 1 min
UK government guidance for new tax avoidance penalty law
Date30 Nov 2017
Last month the UK government released guidance involving the new legislation that will introduce penalties for enablers of defeated tax avoidance arrangements. The Finance Bill (No. 2) 2017 legislation –...
Reading time: 2 min
VAT in Italy will rise to 24.2% in 2019
Date28 Nov 2017
VAT in Italy will rise to 24.2% in ’19On 31st October, 2018 Italy’s 2018 Budget (Manovra), sanctioned the postponement of 2018 VAT increase from 22% to 24.2%.The planned rises in...
Reading time: 1 min
OECD’s Secretary-General calls for collective action on digital taxation
Date24 Nov 2017
OECD Secretary-General calls for collective action on digital taxationAngel Gurria, the Organisation for Economic Co-operation and Development (OECD) Secretary-General has requested a collective effort on the design of temporary, short-term...
Reading time: 9 min
Germany – Tax News
Date21 Nov 2017
Decree announced for call-off stockOn the 10th October, 2017 the German Federal Ministry of Finance announced a decree to permit a VAT registration exemption for foreign companies holding call-off stock...
Reading time: 3 min