Angola

Angola introduces 14% VAT Jan 2019

June 21st, 2018

Angola is to replace its existing 10% Consumption Tax regime with a 14% Value Added Tax system from 1 January 2019. Until the start of 2021, this will be mandatory for large taxpayers (turnover exceeding AOA 50 million) only and voluntary for small taxpayers. It will be compulsory for all from January 2021. It is …


Uganda

Uganda VAT update

June 17th, 2018

The Uganda 2018/19 budget contains a range of VAT rule updates, including: VAT returns are due on 15thof the month following the reporting period end VAT exemptions have been extended to certain construction services Key taxpayers will be required to withhold VAT where their customers fail to properly VAT register. There will be a UShs 37.5 …


Liberia

Liberia to introduce VAT 2019

June 10th, 2018

Liberia is planning to introduce Value Added Tax regime sometime in 2019 according to its 2018/2019 budget. VAT would replace the existing Goods and Services Tax, which is 10% and 7% for goods and services, respectively. Every registered manufacturer and service provider shall file VAT returns for each tax period (calendar month) within 21 days …


United Arab Emirates

UAE conference and event VAT refunds

May 17th, 2018

The United Arab Emirates cabinet has approved a change in the law to provide refunds of VAT charged to non-residents businesses by local event organizers. This is generally accepted practice in the EU and many other countries with VAT regimes. VAT which may be reclaimed includes: entrance fees; sponsorship and advertising; charges for exhibiting; and …


Kuwait

Kuwait delays VAT till 2021

May 15th, 2018

Kuwait’s parliamentary committee has said today that the introduction of a 5% VAT regime has been delayed until 2021. The postponement is likely down to strong opposition, and the recovery of the crude oil price from $40 to almost $80 in the past year. The Gulf state will proceed with introducing 200 million dinars in …


Saudi Arabia

Saudi Arabia 4,700 VAT violations

April 23rd, 2018

Following the 1 January 2018 launch of 5% VAT in Saudi Arabia, over 4,700 violations have been found from 12,578 audits of businesses. The figures come from the General Authority of Zakat and Tax (GAZT). Sectors targeted included retail malls, consumer electronics, pharmacies and gold stores. Most of the non-compliance errors were failure to VAT …


Worldwide

VAT Reporting update 18.3.1

April 5th, 2018

Overview This release is a maintenance release of the VAT Reporting application for the month March. It includes changes to reports, modifications and bug fixes. Main changes in Reports We have improved the reporting of transactions with mixed flows on the PL, CZ and IT VAT Books. South Africa: standard VAT rate changed to 15% …


United Arab Emirates

UAE pre-VAT contracts

March 13th, 2018

The United Arab Emirates’ Federal Tax Authority has issued guidance on 3 March on the VAT liabilities for parties in contracts spanning the 1 January 2018 introduction of VAT. Where a contract does not make clear which party will be liable for VAT, and quotes only a VAT exclusive price, then it automatically falls to …


Qatar

Qatar aims for 1 Jan 2019 VAT

March 4th, 2018

Qatar is aiming to introduce VAT on 1 January 2019. It is a member of the 6 Gulf Cooperation Council states that committed to launch a harmonised VAT regime. To date, only Saudi Arabia and UAE have launched the 5% indirect tax system. The Qatari Tax Office is to shortly release guidance on the treatment …


Ethiopia

Ethiopia raises VAT registration threshold

March 2nd, 2018

Ethiopia raised its VAT registration threshold from 20 February 2018. The new level is ETB 1million – previously ETB 0.5m.  VAT is currently levied at 15%. Non-residents must also register if providing services. Otherwise, they are only liable to register if they have a permanent establishment in the country.