Month

January 2018

Luxembourg collects unpaid taxes from recent tax amnesty

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Date31 Jan 2018
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Luxembourg has collected over EUR30mln (approx. $36.7mln) in unpaid taxes in 2016 as a result of a tax amnesty scheme, Finance Minister Mr Pierre Gramegna has told parliament. Reacting to...
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Spain announced 4% transfer tax on P2P internet sales

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Date30 Jan 2018
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Spain has prolonged its ‘Impuesto de Transmisiones Partrimoniales’ (ITP) transfer tax to the sale by consumers of second-hand goods on the internet. If consumers are not VAT registered, then the...
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Hungarian ‘live VAT invoice reporting’ will commence July 2018

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Date30 Jan 2018
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Hungary advised recently that ‘live VAT invoice reporting’ will proceed from the 1st July, 2018. The requirements relate to VAT invoices above HUF100,000.00. The timing of reporting has been tightened...
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Norwegian SAF-T delayed to 2020

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Date29 Jan 2018
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Norway will introduce an on-demand compulsory Standard Audit File for Tax (SAF-T) requirement for taxpayers from the 1st January, 2020. The introduction of the electronic tax transaction data reporting had...
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Romania has implemented limited VAT ‘Split Payments’ from March 2018

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Date26 Jan 2018
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Romania has applied a limited VAT ‘Split Payments’ regime from the 1st March, 2018 in an attempt to reduce VAT losses and fraud. From the 1st January, 2018, Romanian taxpayers...
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UK Tax News

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Date26 Jan 2018
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HMRC urged to temper new VAT penalties for online retailers ‘ The Chartered Institute of Taxation (CIOT) is calling for amendments to a new government scheme to tackle VAT evasion...
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EU VAT News

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Date25 Jan 2018
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EU Member States to work collectively to stamp out VAT fraud Towards the end of 2017 the European Commission released new tools intended to make the European Union’s value-added tax...
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EU Tax News

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Date24 Jan 2018
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VAT ‘Split Payment’ benefit questioned by the EU A European Commission study into the benefits of ‘Split Payments’ as a VAT collection tool, aimed at battling VAT fraud, has cast...
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There are more than 800,000 online stores in Europe

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Date23 Jan 2018
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e-Commerce News along with data company, Dataprovider, have conducted research to find out how many online stores are currently in Europe. According to the research, there is a 98% accuracy...
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