The Norwegian Government released a revised Budget on May 15th 2018, including a VAT exemption for electronic publications, changes to tax reliefs for corporates, and a simplified tax regime for foreign workers.
The European Commission has authorised Germany and Poland to introduce a special measure derogating from Article 5 of Council Directive 2006/112/EC. The full details of the authorisation, published on May 15th 2018, can be read here
May 17th 2018 saw the European Commission open an infringement procedure against Hungary over the taxation of spirits.
The UAE government announced on May 13th 2018 that foreign firms operating in the exhibitions and conferences sector will be entitled to a refund of the 5% VAT they incur.
The Malaysian Finance Ministry announced on May 16th 2018 that the Goods and Services tax (GST) will be reduced from 6% to 0% from June 1st, thereby effectively abolishing it.
Kuwait has postponed plans to introduce VAT to 2021. In a statement released on May 15th 2018 the country’s parliamentary budget committee also said it would push ahead with plans to tax certain products such as tobacco, energy drinks and soft drinks.
In the latest meeting of India’s Goods and Services Tax (GST) Council on May 4th plans were approved to simplify GST filing obligations.
The Italian Ministry of Economics and Finance has published a Decree providing implementing regulations for VAT Group legislation in the Official Gazette. The Decree is the last piece of regulation necessary to start applying the VAT Group legislation introduced in the 2017 Budget Law.
Luxembourg has introduced new disclosure requirements for Luxembourg companies that enter into transactions with parties resident in a territory included on the EU list of non-cooperative jurisdictions for tax purposes.
The United Arab Emirates (UAE) Cabinet has announced that it will exempt gold, diamonds and other precious metals from VAT in a move that is expected and hoped to ease the pressure on gold and diamond traders in the country.
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