VAT Gap: EU countries lost €137 billion in VAT revenues in 2017

EU countries lost €137 billion in Value-Added Tax (VAT) revenues in 2017 according to a study released by the European Commission today. The so-called ‘VAT Gap’ – or the ... Read More

Hard Brexit would bring VAT sign-up headache for EU sellers

European Union-based vendors who use platforms like eBay Inc. and Inc. to sell goods into the U.K. face a compliance headache in the event of a hard Brexit, ... Read More

EU, Norway Initial VAT Cooperation Agreement

The European Commission has announced the initialling of an agreement with Norway on value-added tax (VAT), covering administrative cooperation, recovery assistance, and anti-fraud activity. Negotiations on the agreement were ... Read More

Russia is considering raising value added tax to 22 percent

If the government raises value added tax and the central bank sees inflation risks from the move, it would be logical for the bank to keep interest rates higher ... Read More

Facebook will start paying 18 percent VAT in Russia

Social media giant Facebook has joined the list of IT firms registered with Russia’s Federal Tax Service as a foreign company selling electronic content in Russia. Beginning April 25, ... Read More
saudi arabia

Latest Saudi Arabia Tax and VAT updates; No VAT and Tax to pay

No income tax for Saudi citizens, says finance minister Kingdom will keep VAT at 5% until 2020, and impose 50% tax on soft drinks, 100% on tobacco products from ... Read More

Uber faces court battle over VAT bill

Tech giant Uber has been threatened with UK court action over its approach to VAT, which campaigners feel are taking the UK taxpayer for a ride. While firms providing ... Read More

Gulf countries companies may face challenges on VAT implepmentation

GCC corporates could face multiple VAT challenges in the short-run The plan to introduce value-added tax in GCC states could create operational risks for companies and put pressure on ... Read More

Taiwan’s VAT on foreign online sellers’ supplies to Taiwanese consumers becomes Law

On December 28, Taiwan’s President Tsai Ing-wen signed into law the amendment to the Value-Added and Non-Value-Added Business Tax Act to impose tax on foreign online sellers’ supplies to ... Read More
Investors speak in front of a screen displaying stock information at the Abu Dhabi Securities Exchange

Taxation roles and other VAT-related positions are currently seeing very huge demand in UAE

With the forthcoming implementation of value-added tax (VAT) in the UAE and across the region, companies are going to face a huge talent crunch next year, according to recruitment ... Read More
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