VAT on digital services update.
10th January 2020: Ecuador & Paraguay have imposed VAT on non-resident sales of digital & electronic services to consumers in their countries.
Greece: Obligation for registration of Ultimate Beneficial Owners
10th January 2020: All entities operating in Greece are obliged to register the Ultimate Beneficial Owners with the Beneficial Owners Registry. The deadline for this requirement has been set for 19 January 2020.
E-invoicing requirements for established and non-established companies in Portugal
From 1 January 2022 e-invoicing will be mandatory for all companies operating in Portugal as stated by the Portuguese tax authority.
New Zealand VAT Rules: End of Low-Value Consignment Stock Relief
8th January 2020: New Zealand has removed the 15% Goods and Services Tax exemption for everything at or below NZD 1,000 (€570).
Italy: Pre-prepared VAT return to launch in July 2020
6th January 2020: Italy takes further action to tackle VAT Gap.
Hungary: Government Submits Tax Bill
20th November 2019: Hungary’s Ministry of Finance announced that it has submitted to parliament the seventh and final part of its Economic Action Plan,