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ECOFIN - Web Tax Update

Further to last week’s article the European Union's Economic and Financial Affairs Council (ECOFIN) duly met in Tallinn on the 15th & 16th September to discuss ways to tackle international tax challenges posed by the digital economy.

 

 

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India - GST Deadline Problems

As of September 17th, and with the deadline for filing Goods and Services Tax (GST) returns for August coming to an end in less than three days, only 690,000 taxpayers had filed their GSTR (a short summary return). The government expects tax returns from about 6.4 million taxpayers for the month of August.

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France - VAT Fraud Software

From January 2018 France will require VAT registered businesses to use certified anti-VAT fraud software. These requirements will apply to all software used by the business whether it is purchased or developed in-house, and also to cash registers used in retailer’s premises.

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Gulf Cooperation Council (GCC) - Further VAT Developments

Ahead of the scheduled introduction of VAT for the six members of the Gulf Cooperation Council on January 1st 2018, we continue to bring you regular updates.

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UK - HMRC Security Flaws

A researcher who spent fifty seven days trying to report a bug on HMRC’s online tax service site has said that the UK tax office must improve the way it handles website security problems - adding that finding the correct contact to report the issue to was even more challenging than actually finding the bug in the site.

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Ireland - Opposition to EU Tax Harmonisation

Further to our article last week the Irish Finance Minister Paschal Donohoe has made clear to his European colleagues that Ireland "will not participate" in any EU attempt to harmonise tax rates.

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Poland - VAT Split Payments Delayed

The introduction of the VAT Split Payment mechanism we have previously looked at has been postponed until April 1st 2018 rather than the originally proposed date of January 1st 2018.

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NL - Possible increase of tourist tax in Amsterdam

The Guardian has reported  that in 2016 Amsterdam had 17 million tourists  – that is 20 times more than its actual inhabitants. Currently tourists pay 5% of their hotel and Airbnbs costs as a tourist tax. The Alderman of Finance, Udo Kock has suggested by introducing a 10 euro fee per night on top of the existing 5% tourist tax, this will bring in a potential 150 million euros that would help the economy.

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Malta – large tax increase in the last decade

According to a new study (Taxation Trends in the EU) by the European Commission, Malta has seen a big increase in the tax burden over the last decade, almost twice the EU avarage (2.1% against 1.2% in the EU) although the tax burden in the EU is still much higher than the one in Malta.

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EU – Junker proposes to scrap the veto on tax reforms

Jean-Claude Juncker, President of the European Commission, has recently stated: “I want decisions in the Council (of EU ministers) to be taken more often and more easily by qualified majority”. In fact, he believes that tax reforms in the European Union should no longer require unanimous  agreement from all 28 ministers and for this reason, has suggested to adopt a “qualified majority”as opposed to unanimity which has delayed and blocked major tax reforms so far.

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