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UAE - VAT Recoverability Clarification

The Federal Tax Authority (FTA) in the UAE has issued a clarification on what constitutes entertainment expenses for employees and non-employees and, if it is deemed to be so, the VAT will be non-recoverable.

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Portugal - Mandatory Electronic Invoicing

Portugal has adopted EU Directive 2014/55/EU which states that electronic invoicing will be mandatory in the context of public procurement contracts. This will take effect on 1 January 2019.

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South Korea - VAT on Cloud Computing Services

In its 2019 tax amendment proposals the South Korean government has announced an expansion of the scope of electronic services provided by a foreign entrepreneur that are subject to VAT.

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Romania - VAT on Water Supplies Amendment

Supplies of drinking water in Romania have been subject to the reduced VAT rate of 9% for some time.

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Ukraine - VAT Exemption Threshold Amended

Ukraine has amended the customs and VAT exemption threshold for imported goods purchased online. Under current rules, imported goods are exempt from customs duty and VAT as long as the aggregate value of the goods does not exceed EUR 150 per month.

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Germany - Online Platform VAT Liability Approved

Further to a recent post, we can bring you news that the German Federal Cabinet has announced its approval of the draft law. This would make online platforms like Amazon and eBay jointly liable for the VAT obligations of sellers using such platforms to sell into Germany.

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Bulgaria - Self-Invoicing in Different EU Member States

The National Revenue Agency in Bulgaria has recently confirmed that self-billing is acceptable when both the supplier and customer are established in two distinct EU Member States.

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Romania - VAT Rate Cut Postponed?

Further to the report we brought you back in February, it is now being reported that the Romanian government is considering postponing the VAT rate cut from 19% to 18%, which, according to the governing program, was supposed to be implemented on 1 January 2019.

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Uruguay - Digital Services VAT

The Uruguayan tax authority recently confirmed in Decree 144/018 that VAT is applicable on the sale of digital services - provided through the internet, technological platforms, computer applications, or similar means - to consumers by non-resident businesses.

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USA - Economic Nexus Updates

Following on from the recent landmark US Supreme Court decision in the South Dakota v. Wayfair case a number of states have announced plans that will require remote sellers to collect sales tax even if they do not have a physical presence.

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