VAT news tagged as "VAT Act"

Bulgaria

Bulgaria VAT update

April 21st, 2017

Bulgaria has updated its VAT Act, including the following changes: New rules on apply VAT credits on partial use assets The VAT treatment of prepaid telephone cards is to be harmonised with regular telephone services New proof of international status of transport services is required to enjoy zero rating The measures above come into affect …


Bulgaria

Bulgaria VAT changes

April 13th, 2017

The Bulgarian VAT Act has been updated from 21 March 2017 for several changes.  These include: The calculation for the proportion of input VAT suffered on business assets which may be deducted by tax payers A 3-month extension for acquirers of business to apply input VAT Amendments to the rules around documents supporting the VAT …


Latvia

Latvia VAT changes

December 26th, 2016

The Latvian 2017 budget has introduced a range of changes to the VAT law. These amendments include: The option for bi-annual VAT returns for small businesses has been abolished. VAT registered entrepreneurs will instead have to file monthly returns VAT credits may be applied for at the lower limit of €5,000 at the end of each reporting …


Turkey

Turkey VAT update

October 8th, 2016

The Turkish 2104 VAT Law has been recently amended. Changes include: Bond purchases become VAT exempt An exemption from VAT on transportation costs for animal-related supplies Changes to the VAT calculation on related-party transactions VAT exemption on certain certified infrastructure construction A VAT exemption on the trading of asset leases by financial institutions


Poland

Poland VAT changes

December 11th, 2015

Poland’s latest VAT Act will introduce a number of changes to the indirect tax compliance regime from 1 January 2016 or early Spring. These changes include: Joint VAT compliance liability with businesses suppliers when the monthly supplies exceed PLN 100,000 Linked to the above, the introduction of voluntary split payments on the above supplies to …


Tanzania

Tanzania VAT changes

July 2nd, 2015

The updated Tanzanian VAT Act will extend VAT to a new range of supplies. The current Tanzanian VAT rate is 18%. Non-life insurance is no longer VAT exempt Exports are now fully VAT exempt Exemptions have been extended to a range of agricultural goods and supplies, education, health care and other services A system of …


Poland

Polish VAT changes

June 22nd, 2015

The Polish VAT Act is to be amended from 1 July 2015. Changes to the Act include: The rules on a customer’s liability for VAT have been extend on precious metals and certain types of photographic equipment Changes to the deposit calculations rules placed for transactions of steel, petroleum and gold Introduction of a new …


Germany

German VAT Act changes

July 31st, 2014

The German VAT Act has been amended by the Federal Council this month. The principle changes include: Incorporation of the 2015 EU Mini One Stop Shop changes, including the change of the place of supply rules to the location of the consumer on B2C electronic and broadcast services on 1 January 2015 Reclassification of audio …