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EU and Italy - Invoicing Derogation Granted

The European Commission has granted Italy authorisation for a special measure to derogate from Articles 218 and 232 of Directive 2006/112/EC.

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Italy - Input VAT on Fuel

The Italian Tax Authority (ITA) has released guidance that documents the types of payment that will both allow and enable the recovery of input VAT on purchases of fuel, oil, and other transport-related services. The guidance was issued as Implementing Measure 73203/2018.

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Germany - Cryptocurrency VAT Exemption

There has been a lot of recent uncertainty amongst companies trading in cryptocurrencies in Germany, with reports that the German Ministry of Finance (BMF) had refused to grant VAT exemptions for transactions in Bitcoin as they considered Bitcoin to be non-legal tender.

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UK - Scottish VAT Devolution?

Reform Scotland, an independent think-tank, has called for VAT powers to be devolved from the UK Government to the Scottish Government, once legal restrictions imposed by EU law are lifted following the UK's departure from the European Union.

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Luxembourg - VAT Group Proposals

On April 13th 2018, the Luxembourg Government introduced the bill of law n°7278 before Parliament. This bill will implement VAT group legislation into Luxembourg VAT law with effect from July 31st 2018.

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USA - Sales Tax Update

Further to our previous bulletin on the subject we can bring you news that the 9 US Supreme Court judges have heard an initial argument in South Dakota vs Wayfair (and other e-commerce businesses), regarding whether online merchants and remote sellers should be liable to and collect state sales tax.

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Japan - 10% Consumption Tax

Japanese Prime Minister Shinzo Abe has announced to parliament that the much delayed increase in Japan’s consumption tax will now go into effect on October 1st 2019. Abe stated that the planned increase - from 8% to 10% - would not be affected by economic conditions between now and October of next year.

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Finland - Tax Agreement Terminated?

Finland plans to terminate its taxation agreement with Portugal as an effort to stop tax exemption for Finnish pensioners living in Portugal has not made progress, the government announced on April 12th 2018.

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Saudi Arabia - Quarterly VAT Deadline

Saudi Arabia's Zakat and Income Tax Authority has issued a reminder that the first VAT return for many entities is due by the end of April 2018.

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Sweden - Proposed Gaming Tax

The Swedish Government has proposed a new licensing and tax regime for the gambling sector intended to regulate the activities of remote gambling firms providing services in Sweden from other jurisdictions.

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