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amavat

Hungary has introduced a VAT cut for internet access

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Date12 feb 2018
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Hungary has confirmed the plans to cut the value-added tax rate on internet access services to 5%. This move comes notwithstanding the fact that the measure could be in breach...
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Bulgaria increases there Intrastat Reporting Threshold in 2018

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Date08 feb 2018
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Bulgaria as of the 1st January, 2018 increased the ‘Intrastat Reporting Thresholds’ for both arrivals and dispatches. Arrivals threshold will be greater than before, increasing from BGN 410,000.00 to BGN...
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The EU Council issues its VAT priorities for 2018

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Date07 feb 2018
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The Presidency of the Council of the EU, which is held in Bulgaria for the first half of 2018, has issued its priorities for indirect tax. These comprise of: Implementing...
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There will be tax cuts, not tax hikes for Germany’s new coalition government

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Date02 feb 2018
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Germany’s three political parties set to form the next governing coalition have agreed to decrease the solidarity tax burden, according to the text of the recently released agreement. This solidarity...
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Belgium adopts the ECJ’s position on unfinished invoices

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Date01 feb 2018
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Belgium has implemented the recent ECJ jurisprudence regarding the right to subtract VAT on invoices with missing details. On the 12th October, 2017 the authorities published a circular letter 2017/c/64...
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Spain announced 4% transfer tax on P2P internet sales

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Date30 jan 2018
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Spain has prolonged its ‘Impuesto de Transmisiones Partrimoniales’ (ITP) transfer tax to the sale by consumers of second-hand goods on the internet. If consumers are not VAT registered, then the...
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Hungarian ‘live VAT invoice reporting’ will commence July 2018

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Date30 jan 2018
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Hungary advised recently that ‘live VAT invoice reporting’ will proceed from the 1st July, 2018. The requirements relate to VAT invoices above HUF100,000.00. The timing of reporting has been tightened...
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Norwegian SAF-T delayed to 2020

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Date29 jan 2018
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Norway will introduce an on-demand compulsory Standard Audit File for Tax (SAF-T) requirement for taxpayers from the 1st January, 2020. The introduction of the electronic tax transaction data reporting had...
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Romania has implemented limited VAT ‘Split Payments’ from March 2018

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Date26 jan 2018
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Romania has applied a limited VAT ‘Split Payments’ regime from the 1st March, 2018 in an attempt to reduce VAT losses and fraud. From the 1st January, 2018, Romanian taxpayers...
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