VAT news tagged as "Returns"

India

India GST returns simplifications 2019

July 15th, 2018

India is planning to introduce a single Goods and Services Tax return at the start of 2019. This will bring to close the difficult, but momentous introductory phase of the new GST tax, which replaced in July 2017 a plethora of complex and double taxing indirect levies, including VAT, CENVAT, Service Tax and over twenty other charges. …


India

India GST returns delay

September 5th, 2017

Following the introduction of Goods and Services Tax to India on 1 July 2017, the tax authorities have postponed again the deadlines for the three principle monthly filings: Month Return Postponed filing date Jul 2017 Sales: GSTR-1 10 Sep Purchases GSTR-2 25 Sep Reconciled final GSTR-3 30 Sep Aug 2017 Sales: GSTR-1 5 Oct Purchases …


Poland

Poland VAT e-filings

November 24th, 2016

Poland is to introduce compulsory online filings for a range of VAT-related submissions from 1 January 2017. The affected filings include: VAT-7; VAT; VAT-7K-7D; and the summary information VAT and EU intra-community supplies. There will be a 1-year transition period for businesses that do not: Provide EU intra-community supplies Provide Reverse charge services or goods …


Italy

Italy e-invoice VAT assessments 2017

September 9th, 2016

Italy is to offer a voluntary e-invoice reporting regime to tax payers from 1 January 2017.  The measure is designed to reduce VAT fraud and simplify reporting. Businesses will be able to electronically submit their VAT purchase and sales invoice details, and have the authorities automatically calculate their monthly VAT liabilities. Italy’s tax authorities are …


Ireland

Ireland VAT registration portal

July 19th, 2016

Ireland has launched an online portal for VAT registration documentation submission. The new portal will enable applicants to upload supporting documents (company incorporation certificates etc.) without the need to post. It should also help reduce the number of requests from the tax authorities following an initial VAT registration application.


China

EU VAT obstacles for Chinese companies

July 7th, 2016

Chinese enterprises trading across the EU can be hindered by many barriers; particularly EU VAT, which can leave unsuspecting firms facing large fines or delays in deliveries. According to figures published by Xinhua, the EU remained China’s biggest trading partner in 2014, with bi-lateral trade reaching $525 billion, representing a 19.5% growth from the previous …