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VAT

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Swiss Voters Reject Proposal To Replace VAT

13/03/2015(0)
Swiss voters have resoundingly rejected a proposal to replace the value-added tax with an emissions-based levy. A referendum on the popular initiative, known as “Energy Rather than VAT,” was ... Read More
taxes

Indirect tax rates continue to soar across the globe as governments devise new levies

03/03/2015(0)
Value-added tax (VAT) rates surge to a high of 21.6% in EU Member States More countries levying VAT, particularly in emerging markets Governments introduce new taxes on health products ... Read More
swiss banks

Swiss Government Rejects Proposal To Replace VAT

09/01/2015(0)
The Swiss Government announced on January 7, 2014, that it had again rejected a popular initiative, “energy instead of VAT,” that would have replaced the nation’s value-added tax (VAT) ... Read More
tax post

Digital tax increase to take effect in Europe

02/01/2015(0)
A change in fiscal rules in the EU is raising the tax on many purchases of digital content, such as e-books. Europe’s tax showdown could be headed straight to ... Read More
Italian flag

Italian Taxpayers Suffer EUR44bn Due On December 16

15/12/2014(0)
In what it called the “Year-End Tax Day” for Italian taxpayers, CGIA of Mestre, Italy’s association of sole traders and small businesses, noted that, on December 16, they will ... Read More
vat

Philippines Responds To Businesses’ VAT Refund Concerns

07/11/2014(0)
The Philippines tax authority has said that it will process value-added tax refund and credit claims within 120 days of an application, in response to an outcry from businesses ... Read More
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EU Value-Added Tax Reforms Closing The VAT Gap

27/10/2014(0)
The European Commission has published its latest VAT Gap study, which shows that an estimated EUR177bn (USD223.9bn) in value-added tax (VAT) revenues was lost due to non-collection or non-compliance ... Read More

UK Tax Gap Widens

20/10/2014(0)
The UK tax authority, HM Revenue and Customs (HMRC), has revealed that the UK tax gap grew to 6.8 percent in the fiscal year 2012-13, up 0.2 percent year-on-year. ... Read More
HMRC

HMRC hails VAT ruling against university

07/10/2014(0)
HMRC has welcomed the Upper Tribunal’s decision that a university’s leaseback arrangement should be ignored for VAT purposes. The Upper Tribunal allowed HMRC’s appeal against a First-tier Tribunal decision ... Read More
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Guidance from Bahamas on VAT implementation

06/10/2014(0)
The Bahamas Ministry of Finance has said that businesses will not be required to provide a tax identification number when applying to be covered by the value-added tax transitional ... Read More
Broker Cyprus TopFX