Bulgaria: Proposal to amend VAT Act
Bulgaria has introduced a proposal to amend their Value Added Tax Act.
Bahrain implements a 5% VAT rate from 1 Jan 2019
5% VAT has been launched in Bahrain as of January 1st, 2019. The refund procedure will be similar to the EU.
The 2018 VAT Year in Review (FREE eBook)
18th December 2018: Let’s take a look at major 2018 VAT Rates & Trends
Making Tax Digital – Small businesses struggle to prepare
13th December 2018: Making Tax Digital (MTD) for VAT is the latest step in HMRC’s aim to move towards a digital relationship with customers to become “the most digitally advanced tax administration in the world”.
EU VAT system amendments to come into force on January 1st 2020
5th December 2018: The European Council confirmed four adjustments will be made to the current EU VAT rules in order to improve them.
What causes the ‘VAT Gap’?
8th Nov 2018: EU countries lost almost €150 billion in Value-Added Tax (VAT) revenues in 2016, according to a new study published by the European Commission.