VAT news tagged as "Amnesty"

Portugal

Portugal VAT amnesty until end December 2013

October 27th, 2013

The Portuguese tax office has announced that outstanding VAT may be declared with reduced fines until 20 December 2013. This latest amnesty was granted with the authorisation of the bail-out partners – the European Central Bank, European Commission and International Monetary Fund. For any previously undeclared Portuguese VAT, there will be no late interest charge, …


India

India changes VAT registration process

June 10th, 2013

To help improve Indian VAT compliance, the Finance Ministry has raised the VAT registration threshold. The current Indian VAT registration threshold is being increased from 5 Lakh to 10 Lakh until September 2013.  This new measure, in effect a tax amnesty, includes no charges on arrears for previously undisclosed VAT. The Indian VAT system is …