NewsCase StudiesEvents

“ ”

Global Taxation Updates

Also in the news...

Foreign travel advice The Gambia

Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Ferry services between Banjul and Barra have been suspended until further notice; The Islamic Summit of the OIC (Organisation of Islamic Cooperation) will be held in Banjul on 4-5 May; road closures and delays at Banjul International Airport ('Safety and security' page).

Foreign travel advice China

Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Updated information on flooding (‘Safety and security’ page).

Guidance Living in South Korea

Information for British citizens moving to or living in South Korea, including guidance on residency, healthcare, driving and more.

Guidance Living in Nigeria

Information for British citizens moving to or living in Nigeria, including guidance on residency, healthcare and passports.

Paul Beare Wins IR Global Member Of The Year

Paul Beare has been named Member of the Year at this year’s IR Global Conference in Amsterdam.

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>