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EU - State of the Union Address

On 12 September 2018, European Commission President Jean-Claude Juncker delivered the annual State of the Union Address. With respect to taxation, a letter of intent published in relation to the address includes priority initiatives for delivery before the European Parliament elections (expected May 2019), including the adoption of the proposals on:

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Kosovo - VAT Amendments to Comply with EU Law

Kosovo’s government has published a draft law containing amendments that would further align the country’s VAT legislation with the EU VAT directive, in light of Kosovo’s efforts to become a member of the EU.

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Switzerland - RTV Corporate Fee Clarification

Further to a previous report we can now bring you news that the Swiss Federal Tax Administration (FTA) have issued a significant clarification.

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Lithuania - Food VAT Reduction Planned

According to recent reports, the Lithuanian government is planning to reduce the VAT rate on several basic foodstuffs to 5%, including for bread, meat, and milk.

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EU - Cross-Border VAT Rulings Project

The EU cross-border VAT rulings project has been extended from 30 September 2018 until 30 September 2022.

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UAE - VAT Refund for Tourists

Following on from a previous bulletin, further details have been released by the UAE’s Federal Tax Authority (FTA) regarding the VAT refund scheme for tourists. The FTA has confirmed the scheme will be implemented in November 2018.

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UK - No Deal Brexit VAT Implications

The UK government released papers on 23 August 2018 advising people and companies what they need to prepare for if the UK leaves the EU without formal agreement on 29 March 2019, the so-called ‘no deal’ Brexit. The UK government does emphasise that they still regard this as an unlikely outcome.

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Malta - Electronic VAT Forms

Malta's Commissioner of Revenue has announced that a number of VAT documents must be submitted through electronic forms effective from 1 September 2018.

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Venezuela - VAT Rate Increase

On 17 August 2018, Venezuela published Decree No. 3.584 in the Official Gazette. The Decree provides for an increase in the standard VAT rate from 12% to 16%. This will be effective from 1 September 2018 and continue through fiscal year 2019.

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EU and Hungary - Car Hire VAT Deduction

Hungary has been authorised by the European Council to introduce a measure derogating from an article of the EU VAT Directive (2006/112/EC).

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