VAT news tagged as "Values added tax"

South Africa

South Africa told to raise VAT

July 13th, 2016

The International Monetary Fund has recommended that South Africa increase its VAT rate from the current 14%. The country faces a challenging economic situation with a rapid decline in growth rates. The country is expected to struggle to meet its deficit reduction aims. The average VAT rate in Africa for the larger economies is 16%.


Germany

Germany Intrastat threshold rise to €800,000

September 20th, 2015

German is to increase its Intrastat arrivals (Eingang) threshold from €500,000 to €800,000 per annum from 1 January 2016. There will be no increase to the dispatches (Versand) threshold of €500,000. Intrastat and movements of goods Intrastat is a reporting requirement for businesses moving goods across EU internal borders – excludes imports or exports. It …


Ireland

Irish anti-VAT fraud measures

January 24th, 2014

The Irish government introduced a number of measures through its Finance Bill to prevent fraud in Irish VAT compliance.  The changes came into effect from 1 January 2014. Repayment of recovered VAT VAT registered businesses must refund to the Irish Revenue any deducted input VAT on payables invoices if they have not actually paid their …


Poland

Polish VAT warehousing ruling

July 31st, 2013

The European Court of Justice (ECJ), the highest court of appeal for EU Value Added Tax cases, has recently ruled that warehouse storage services are only a Polish VAT property service when whole/majority of the storage facility is made available to a single customer. The case centred on whether the supply of storage services is …