(PDF) Value Added Tax updates in 13 countries

Ensight Finance is presenting the WTS Global VAT News edition for Q4 2017. The edition focuses again on changes in compliance duties in various EU and non-EU countries in order to inform, especially non-resident companies, regarding their VAT and GST compliance duties in the foreign countries in which they operate.

In this issue, a special topic is the new Romanian split payment mechanism which started on an optional basis in October 2017 and will become compulsory in 2018 for certain categories of taxpayers. In this regard, taxpayers will have to open a separate bank account for the receipt of VAT payments from their customers.

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Value Added Tax2


Belgium: Belgium introduces horizontal supervision
Chile: New Sales and Purchases registers
Czech Republic: Amendment to the VAT Act

Denmark: ECJ rules on input VAT recovery on services supplied free of charge
France: New anti-VAT fraud measures
Hungary: The EKAER system as a tool for Hungarian VAT inspections
Ireland: VAT reform affecting e-commerce and electronic publications
Italy: Simplification rules for EC listings/INTRASTAT forms from 2018
The Netherlands: Input VAT revision regarding “expensive services”
Portugal: Import VAT reverse charged on periodic VAT returns
Romania I: VAT split payment mechanism / Romania II: VAT registration and de-registration from October
Switzerland: Changes governing Swiss VAT liability
United Arab Emirates: Introduction of VAT in the Gulf region