In his inauguration speech, President Mnangagwa announced a new vision for Zimbabwe’s economy, suggesting a shift toward foreign investment.
Spain: Indirect taxation reformed by Decree
The VAT Return to Travellers Scheme will be modified, and VAT processing will be imposed through an electronic reimbursement system.
Russian scrap metal reforms Buyer now responsible for VAT
In 2018 the sale of scrap metal became subject to VAT in Russia. The responsibility for VAT levied on the sales of scrap metal belongs to the buyer.
European Commission proposal to strengthen VAT cooperation
The European Commission has published a proposal for a Council Regulation amending regulations regarding measures to strengthen cooperation in VAT.
Brazil standardises accounting
SPED – the Sistema Público de Escrituração (Digital Public Digital Bookkeeping System) – is a standardised financial recording scheme used by the Brazilian Government. SPED allows for business’ tax and accounting deeds to be recorded digitally, and in a standardised format
France: Agricultural sector hit by tax increases
Under the new arrangements, farmers alike will benefit from a reduction in their social security contributions to compensate for a 1.7% CSG increase.
EU adopts new VAT rules for e-commerce
On 5th December 2017, the Council of the European Union adopted new VAT rules designed to simplify e-commerce.
Austria: Increase in R&D premiums
The R&D Premium is due to be increased by the federal government at the beginning of 2018.
Germany reforms its asset depreciation law: Low value assets threshold to rise in 2018
Everything you need to know about changes to Germany’s low-value asset depreciation laws.
Russia outlines e-commerce strategy
Russia has released a new e-commerce development strategy, streamlining payment systems and overturning excessive restrictions on e-commerce.
Changes to Dutch VAT legislation
The Netherlands has introduced wide-ranging reforms to its VAT policies.
Singapore smartens up: PM outlines ‘smart nation’ initiative
Singapore’s PM envisions Singapore becoming a cashless ‘Smart Nation’. What is the country’s government doing to make e-payments more pervasive?