VAT news tagged as "Law"

Romania

Romania 2016 VAT changes

September 30th, 2015

The Romanian Parliament has ratified the 2016 VAT Code, with new changes coming into effect on 1 January 2016. VAT changes: The standard VAT rate will be cut from 24% to 20% on 1 January 2016. There will be a further 1% cut to 19% in 2017 The widening of the domestic reverse charge mechanism …


Albania

Albania new VAT law guidance

February 22nd, 2015

Albania has issued fresh guidance on its new VAT law. The issues covered include: How foreign companies can recover local VAT suffered when not VAT registered Details of VAT rates and exemptions for a ranges of goods and services Invoice requirements for inclusion in the accounting records to support VAT returns Recording the movement of …