NewsCase StudiesEvents

“ ”

Global Taxation Updates

Also in the news...

Countering sanctions evasion: guidance for freight and shipping

For freight forwarders, carriers, hauliers, customs intermediaries, postal and express operators, and other companies facilitating the movement of goods.

International Compliance Tips for Entrepreneurs Going Global

While expanding across borders can accelerate business growth, it also raises the stakes when it comes to staying legally compliant.

Cutting Administrative Burdens When Trading Abroad

From customs declarations to inventory tracking across borders, the paperwork and compliance requirements can quickly become overwhelming for growing companies.

Temporary agreement between the Swiss Confederation (Switzerland) and the UK on services mobility

Temporary agreement documents and the exchanges of notes extending the agreement.

Decision. UK-Central America committee documents

Decisions, documents and meeting minutes from UK-Central America countries committees.

Global Taxation Updates

Back to News

August, 2009 Global VAT / GST Compliance News.

Just how ugly does a visit from the IMF get?  If you are in the Balkans, then pretty bad. Croatia has introduced a sudden 1% increase in VAT this month to keep the lender happy. Serbia may be next.

Contrast this snap-hike with the UK –  where a VAT increase towards 20% is being floated again by nervous politicians as a solution to the gaping deficit – and it makes you yearn for the innocence of Taiwan, where a minister has freely stated that they are looking at a 1% VAT increase next year.

August, 2009 Global VAT / GST Compliance News:

  •       Canada: British Columbia latest province to introduce Harmonised Sales Tax
  •       Croatia: VAT increased by 1% to 23% under IMF pressure
  •       Czech: electronic EC Sales Lists to be mandatory from 2010
  •       EU: radical proposals to change definition on FS outsourced services exemption
  •       EU: new anti-fraud Directive on importing with onward supply relief
  •       EU: new plans for European VAT groupings to help combat fraud
  •       France: insisting on electronic copies of VAT recovery invoices under 2010 reforms
  •       Hungary: hotel accommodation goes to 18% VAT
  •       India: reaffirms new State & Federal GST systems launch for April 2010
  •       Lithuania: parliament agrees to second VAT increase this year (23% from Sept '09)
  •       Romania: introduces electronic system to speed-up credit repayments
  •       Spain: rejects proposal to increase VAT in 2009 due to weak economic growth
  •       Spain: tightens criteria on PE for VAT registrations by non-residents
  •       Switzerland: further harmonisation with EU on place of supply rules
  •       Taiwan: government officials admit to reviewing 1% VAT increase to 6%
  •       Turkey: VAT on 'superior' restaurants increased from 8% to 18%
  •       UK: Conservative think-tank, CEBR, calls for 20% VAT to solve fiscal deficit
  •       UK: joins France and Holland in zero rating VAT on carbon credit trading
<meta name="GENERATOR" content="OpenOffice.org 3.0 (Win32)"/> <style type="text/css"> <!-- @page { margin: 2cm } P { margin-bottom: 0.21cm } --></style></p> </div> </div> </div> </div> </div> </div> <div class="bottom"></div> </div> <div id="footer"> <p>Startup Overseas is a trading name of Caroline Jones Marketing Limited, registered at 6 Crofton Ave, Horfield, Bristol, BS7 0BP. Registered in England and Wales no. 5839304.</p> <p><a href="/contactus.asp">Contact us</a> | <a href="/aboutus.asp">About us</a> | <a href="/termsandconditions.asp">Terms & Conditions</a> | <a href="/cookiepolicy.asp">Cookie Policy</a> | <a href="/privacypolicy.asp">Privacy Policy</a></p> </div> </div> <div id="login_needed"> <h2>You are not logged in!</h2> <p>Please login or register to ask our experts a question.</p> <p><a href="#" id="close">Login now</a> or <a href="/users/register.asp">register</a>.</p> </div> <div id="overlay"></div> <script type="text/javascript" src="http://explore-123.com/js/10607.js"></script> <script type="text/javascript"> if(showLiveChat) { var __lc = {}; __lc.license = 2485371; (function() { var lc = document.createElement('script'); lc.type = 'text/javascript'; lc.async = true; lc.src = ('https:' == document.location.protocol ? 'https://' : 'http://') + 'cdn.livechatinc.com/tracking.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(lc, s); })(); } </script> <script type="text/javascript" id="cookiebanner" src="/js/cookiebanner.js" data-bg="#CA3B3D" data-link="#ffffff" data-text-align="center" data-moreinfo="http://www.startupoverseas.co.uk/cookiepolicy.asp" data-linkmsg="View our cookie policy"></script> <style type="text/css"> .cookiebanner {text-align:center} .ev_footer {padding-bottom: 30px !important} </style> </body> </html>