VAT news tagged as "Zero rated"

Russian Federation

Russian VAT update

August 20th, 2016

There have been a range of changes to the VAT code in Russia. These include: VAT zero rating on supplies related to preparations for the World Cup in 2018 Goods traded in bonded warehouses may be exempted from VAT VAT import exemption for medical supplies from 1 October 2016 if similar products are not produced …


Norway

Norway budget announces VAT compliance changes

May 22nd, 2014

The Norwegian VAT regime was changed slightly last week with the 2014 Budget, announced on 14 May 2014. The VAT changes included: Electronic cars and batteries are to be zero rated following the approval of the European Free Trade Association’s review committee. Norway is a member of EFTA alongside Iceland and the 28 member states …


Belgium

Belgium clarifies documentary proof for intra-community VAT exemption

November 28th, 2013

The Belgian VAT office has been forced to change its guidance on the requirements for the application of the VAT exemption on intra-community supplies. Reverse charge simplifies EU VAT compliance Under the EU VAT Directive, a number of conditions are set out to enable suppliers of goods or services to not charge VAT when they …


Portugal

Portugal budget VAT announcements

October 31st, 2013

The draft 2014 VAT Bill contains a range of amendments to the Portuguese VAT rules. Portuguese VAT updates The amendments to the VAT code include: VAT on irrecoverable debts may only be refunded within two years starting the beginning of the fiscal year after the bad debt The supply of exempt financial services to businesses …


Ireland

Ireland risks VAT charge on water

September 16th, 2013

Consumers in Ireland look likely to face a VAT charge on their domestic water supplies from 2015. Currently water is charged VAT free on the basis that it is a publically-provided service.  However, it is now provided by a private company, Irish Water, so can no longer benefit from the exemption.  Irish Water will be …