Worldwide

VAT Reporting update 17.12.1

January 13th, 2018

Overview This release is a maintenance release of the VAT Reporting application for December 2017. It includes new reports for 2017 yearly filings and changes for 2018 and bug fixes. Main changes in Reports The following countries have been released for 2018: CY, LV, NL, SI, CZ, GR (GREZ), FI, AT, DE, EE, HU, LU, …


Latvia

Latvia new 5% reduced VAT

December 13th, 2017

Latvia’s Ministry of Finance has confirmed plans to introduce a new, super reduced VAT rate of 5% from 1 January 2018. The new rate will apply to a range of locally produced vegetables and fruit. Under the provisions of the EU’s VAT Directive, EU member states may have two reduced VAT rates which should be at …


Latvia

Latvia cuts VAT registration threshold

December 6th, 2017

Latvia is to introduce a number of changes to its VAT compliance regime from 1 January 2018. These include: Introducing the domestic reverse charge, to combat VAT fraud, on constructions services, precious metals, certain consumer electronic appliances and sales of games consoles Reduction in the annual VAT registration threshold from €50,000 to €40,000


Latvia

Latvia VAT return update

July 9th, 2017

Latvia has recently changed its VAT returns.  Including: Lowering of the threshold for disclosing individual invoices from €1,430 to €150 It has adopted a new tax code, C, for reporting local and intra-community acquisitions, as well as imports of vehicles.


Worldwide

Avalara VAT Reporting content updates 01-06-2017

June 1st, 2017

Spain – VAT Reporting SII – Now available In this release, we have added the functionality to support the Spanish SII system of “Immediate Supply of Information” which comes into effect from the 1st July 2017. It applies to large companies, VAT Groups and members of the REDEME scheme and the tax authority has a test service …


Latvia

Latvia VAT changes

December 26th, 2016

The Latvian 2017 budget has introduced a range of changes to the VAT law. These amendments include: The option for bi-annual VAT returns for small businesses has been abolished. VAT registered entrepreneurs will instead have to file monthly returns VAT credits may be applied for at the lower limit of €5,000 at the end of each reporting …