VAT news tagged as "Retail"


Poland delays Retail Sales Tax

August 23rd, 2017

Poland has delayed the reintroduction of a tax on retailers turnover until 2019 following a European Commission finding that it breached state aid rules. The tax was first introduced in September 2016, and was levied on the turnover of supermarkets, with an upwards sliding scale based on the total turnover of each retailer. The EU’s …


Italy €1bn anti VAT fraud proposal rejected by EU

May 23rd, 2015

A proposal from Italy to impose the domestic VAT reverse charge on wholesale to retail sales has been rejected by the European Commission (EC). The measure, which targets suspected VAT fraud, shifts to burden of reporting from the wholesale seller to the retailer, and eliminates and cash transfer of Italian VAT. The Italian tax authorities …


Italian VAT fraud domestic reverse charge on retail sector

March 12th, 2015

Italy is proposing to introduce the domestic reverse charge in the large-sized retail sector in new terms included within the 2015 budget. The government is seeking to tackle large-scale fraud being perpetrated in supply chains. Whilst such a change would help reduce growing fraud in the sector, it could seriously present a major cash-flow challenge …


New Zealand joins Australia with review of GST on foreign internet purchases

October 4th, 2013

New Zealand is to review the exemption from its Goods & Sales Tax (GST) on online purchases by consumers from foreign websites.  Currently, there is an exemption of NZD 400 per transaction from GST and duties.  It is estimated that New Zealand is losing NZD 175m per annum because of the tax loophole. Australia is …