VAT news tagged as "VAT Law"

Kosovo

Kosovo aligns to EU VAT

August 27th, 2018

Kosovo is to introduce a range of changes on 1 January 2019 to bring its existing VAT rules into line with the European Union.  The Balkan state is seeking to join Slovenia and Croatia as the next state of the former Yugoslavia to join the EU. The VAT amendments include: Introduction of a VAT import deferment …


United Arab Emirates

UAE VAT law 2018

August 27th, 2017

The United Arab Emirates has published its Value Added Tax decree law today, paving the way for the introduction of the indirect tax on 1 January.  The standard VAT rate will be 5%, with a nil rate for certain goods. The detailed Executive Regulation, providing guidance on VAT compliance processes, will be provided at a …


United Arab Emirates

UAE VAT laws available Sept 2017

August 15th, 2017

The United Arab Emirates (UAE) Federal Tax Authority plans to issue the 2018 UAE VAT laws and excise laws by the end of September 2017. The implementation date for 5% VAT is 1 January 2018. It is estimated that over 350,000 businesses will have to VAT register in the UAE.  There is a VAT registration …


United Arab Emirates

UAE issues tax and VAT law procedures

August 3rd, 2017

The GCC state of UAE has this week issued a tax Law covering common procedures for taxes. This covers a number of issues related to VAT, which is due to be implemented from 1 January 2018.  The Law covers tax procedures, audits, objections, refunds, collection, and obligations – which include tax and VAT registration, return …


Albania

Albania to cut tourism VAT

October 2nd, 2015

Albania is discussing cutting the Value Added Tax rate on tourism from 20% to 5%. The plan was announced by the Ministry of the Economy last week. It is seeking to emulated similar incentives to those applied my most of European Union member states. Albania introduced a VAT Law at the start of 2015 which …