On 24 September the European Commission sent a Reasoned Opinion to the United Kingdom because of its failure to make customs duties available to the EU budget, as required by EU law. You can read the full press release here.
The Romanian Tourism Ministry recently announced plans to reduce the VAT rate to 5% in the tourism sector.
Further to a previous bulletin we can bring you news that Ireland's Minister for Finance and Public Expenditure and Reform, Paschal Donohoe, has issued a release confirming that the full recovery of the alleged State Aid from Apple has been completed.
Following on from the Supreme Court decision on South Dakota vs. Wayfair, and the resulting state legislation a bi-partisan bill, the “Online Sales Simplicity and Small Business Relief Act”, has been introduced in the US Congress.
18 September 2018 - Prince’s Day - saw Budget Day in the Netherlands and the release of the 2019 Tax Plan. This included the confirmation that the Dutch reduced VAT rate will be increased from the current 6% to 9% as from 1 January 2019.
EU countries lost almost €150 billion in VAT revenues in 2016 according to a new study, published on 21 September 2018, by the European Commission.
The Colombian tax authorities (DIAN) have announced the launch of a free web service to facilitate the issuance of e-invoices for taxpayers that will be required to submit e-invoices under the new rules.
Following Greece’s exit from the Third Economic Adjustment Programme (usually referred to as the third bailout package) with the IMF, the European Central Bank and the EU, Prime Minister Alexis Tsipras announced a number of tax legislation amendments on 8 September 2018.
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.
A significant number of UAE businesses have been seeking clarity about the exact requirements of a valid VAT invoice and the circumstances in which one must be issued. Consequently, the UAE Federal Tax Authority issued a public clarification on 9 September 2018, containing detailed VAT invoice guidance.
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