On 22 June 2018, the Council agreed on measures to strengthen administrative cooperation in order to improve the prevention of VAT fraud. You can read the full press release here.
Luxembourg must recover about €120 million in unpaid tax after the European Commission found on June 20th 2018 that the grand duchy allowed two Engie group companies to avoid paying taxes on almost all their profits for about a decade.
Further to a previous bulletin we can bring you news that June 21st 2018 saw the U.S. Supreme Court make their ruling in the landmark South Dakota v. Wayfair case. The Court voted 5-4 in favour of South Dakota and thus that states can require online sellers to collect sales taxes.
The Croatian Prime Minister, Andrej Plenkovic, has announced a number of financial measures and tax reforms which include a percentage point reduction in the VAT rate.
The European Commission and the United Kingdom published a joint statement on June 19th 2018. The statement outlines the progress that has been achieved on the terms of the draft Withdrawal Agreement since the publication of the previous version of the text on March 19th 2018.
June 21st 2018 saw the European Commission publish a proposal authorising Hungary to apply a special measure derogating from Article 287 of Directive 2006/112/EC on the common system of VAT (i.e. the VAT Directive).
In her Budget presentation in parliament on June 11th 2018 Prime Minister Mia Mottley announced that effective from January 1st 2020 the rate of VAT levied on the tourism sector will increase from 7.5% to 15%.
In the latest infringements package published by the European Commission on June 7th 2018 it was announced that a letter of formal notice has been sent to Latvia.
In moves approved by the Cabinet on June 14th 2018 the Russian government proposed a draft law that proposes to increase the standard VAT rate from 18% to 20%.
June 8th 2018 saw the European Commission release proposed measures for the next long-term EU budget 2021-2027. You can read the full press release here.
page 1 of 100 - Next Page »