Let's take a look at major 2018 VAT Rates & Trends
Keeping informed on the latest VAT trends and changes is vital, in order to ensure full compliance around the world, as well as optimising VAT reclaim potential.
Below are some of the VAT updates from 2018. Download our FREE eBook to get all full details on all the Global VAT news, trends and rates from 2018.
The Ministry of Finance in Poland has announced that it may abolish the obligation to file VAT returns monthly, from the 1st of January 2019. The already mandatory Standard Audit File (SAF-T) for VAT will suffice. The new structure of the JPK_VDEK (SAF-T) uniform control file will replace the current JPK_VAT.
The German Ministry of Finance approved a bill for an Annual Tax Act 2018 (Entwurf
There is mandatory e-invoicing for general supplies of goods and services from 1st January 2019). There will also be a new B2B tax on digital transactions (Web Tax) from 1st January 2019, applying to the provision of services effectuated by means of electronic devices to Italian resident corporations, government bodies, partnerships, sole proprietorship's, self-employed professionals, and Italian permanent establishments of non-Italian resident persons.
UK-based companies currently reclaim VAT through Electronic VAT Refund (EVR) 8th Directive - with no
Making Tax Digital is a key part of the UK government’s plans to make it easier for individuals and businesses to ensure their taxes are correct. The aim is to make the HMRC one of the most advanced tax administrations in the world.
The 2017 TCJA eliminated the deduction for any expenses related to activities generally considered entertainment, amusement or recreation. During 2018 the IRS issued a clarification to taxpayers, that they may continue to deduct 50 % of the cost of business meals if the taxpayer (or an employee of the taxpayer) is present and the food or beverages are not considered lavish or extravagant.
To find out more information about the biggest impact and changes of in VAT and Indirect Tax for 2018, download or FREE eBook below, or contact our team of experts directly.
We know that Indirect taxes such as VAT and GST can have a huge effect on your business. As VAT rates change sporadically keeping yourself informed can be difficult. Compliance is always crucial. That’s why our Indirect Tax Experts share their hand-picked news stories every day that you need to know. From breaking news to VAT changes and new EU legislation. We know that relevant information means better decision making. We aim to be your number 1 source for VAT and GST news.
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