VAT rate changes abound

February 2014


This edition of VAT News highlights the Court of Justice of the European Union (CJEU) judgment concerning the permissibility of time restrictions placed on the removal of goods from the European Union (EU), announcements from various jurisdictions of VAT rate increases, an announcement that Egypt is considering the implementation of VAT and recent updates on the China B2V Pilot Programme. In addition, the newsletter highlights the following items of interest:

  • the expansion of the domestic reverse charge effective January 1, 2014 in Austria
  • a new cash accounting regime effective January 1, 2014 and revised 2014 Instrastat thresholds in Bulgaria
  • extended VAT reporting periods for small businesses effective January 1, 2014 in Denmark
  • new 'web tax' legislation approved in Italy
  • an increase in the Intrastat arrivals threshold in the United Kingdom
  • a postponement of the VAT rate decrease in Ukraine
  • a delay in the VAT levy implementation on digital imports in South Africa
  • new e-invoicing rules effective January 1, 2014 in Indonesia.

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Thomas Boniface
US Practice Leader, VAT
Tel: +1 (646) 471 4579

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