HMRC has announced that import VAT and duty relief will be applied to certain medical supplies that are imported from outside of the EU into the UK till 31 July 2020. State organizations (state bodies,...
With the Finance Bill, 2020, the Government of the UK has decided to launch Digital Service Tax (DST) with effect from 1 April 2020. 2% Value-Added Tax (VAT) will be levied on the service providers....
The Ahmedabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has ruled the deemed sale cannot be presumed for the purpose of imposing service tax merely on the ground that VAT was...
A two-judge bench of the Orissa High Court, last week has directed the Government administrative departments to provide instructions for the reimbursement of differential tax amounts arising out of change in tax regime from Value...
Considering the corona pandemic emergency, countries have extended the dates for tax return submissions and payments. ITALY In response to the need and urgency due to corona having a negative effect on the socio-economic conditions,...
The European Court of Justice issued a landmark judgment on the Value Added Tax (VAT) treatment of the staff secondment. The Italian Supreme Court requested the European Court of Justice to rule on the point...
The Revenue Agency of Italy has suspended the tax assessments and checks due to the coronavirus COVID-19 pandemic. All activities concerning litigation, control, assessment, access, inspection and verifications, collection and tax litigation by the officers have...
The Federal Executive Council (FEC) of Nigeria meeting on Wednesday announced that the old 5% Value-Added Tax (VAT) will be applied for the contracts signed before February 1. Malam Garba Shehu, senior special assistant, media...
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has given its approval for introducing the Scheme for the remission of Duties and Taxes on Exported Products (RoDTEP) under which a...
The Authority for Advance Ruling (AAR) has ruled that the GST not applicable to ‘Mobilization Advance’ received prior to the implementation of Goods and Services Tax (GST). The M/s.Shapoorji Pallonji and Co.Pvt.Ltd is registered under...
The Government of Jammu and Kashmir’s Finance Department, has announced an extension of the amnesty scheme for the settlement of unresolved GST issues in the old tax regime for the smooth implementation of Goods and...
Russia has proposed a Value-Added Tax (VAT) reduction from 20% to 15%. VAT increase in 2019 was accompanied with a mission to spend the additional forecasted revenue for national capital infrastructure. However, the expected revenue...
The Finance Ministry of Egypt has an amended VAT Act to remove baked snacks and shower gel from the list of VAT-exempt goods says the local press reports. The current rate of 5% will be...
The Tripura High Court has directed the state government to grant reimbursement of Value Added Tax(VAT) as per the State Government Scheme which ensured so for Commercial Productions in the state. The petitioner, Brite Rubber...
The applicable tax regime for investment funds and its administrators is amended with the issue of General Rule No. 02-2020. The provisions under the rule are as follows: Services provided by investment funds administrators are...
The Ecuador tax reform 2020 eliminates tax exemption on dividend, amends Value-Added Tax (VAT) and limits the application of thin-capitalization rules to cross-border and intercompany loans. Income Tax Tax exemptions for dividends distributed by Ecuadorian...
On 11th February 2020, the Mexican Government approved the bill imposing a tax on digital service tax from foreign countries. Value-Added Tax (VAT) of 16% will be levied on digital services provided to recipients in...
The West Bengal State Budget 2020 has proposed an Amnesty Scheme to collect disputed taxes prior to the GST — under VAT, central sales tax and entry tax. West Bengal finance minister Amit Mitra in...
On 24th December 2019, the Republic of Cameroon published the Finance Law that included VAT requirements for E-commerce, new transfer pricing rules, incentives for the rehabilitation of disaster areas and other measures for the year...
The Approval on finance bill intending at tax amendment on tobacco and reduction in Value Added Tax (VAT) was put off by the Committee on Public Finance of Sri Lanka. The VAT is slashed down...
The Ukraine Tax Authorities brought in the proposal of 20% Value-Added Tax (VAT) to be levied on digital services provided by foreign companies to Ukrainian customers. The procedures for non-resident suppliers of electronic services to...
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