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Belgium government praised for efforts to reform their tax system
Moody’s the international ratings has praised efforts by the Belgian Government to reform their tax system, and said that strong corporate tax revenues combined with prudent fiscal policy have strengthened the nation’s creditworthiness. Moody’s said in a report published on the 8th December that advanced corporate tax payments have been...
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Netherlands Tax News
Dutch increase reduced VAT rate Recently the Dutch coalition published their agreement, which has set out that there will be an increase to the reduced VAT rate from 6% to 9%. This reduced VAT rate applies to, amongst others, products and services, food and non-alcoholic drinks, medicines, books, newspapers and...
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Best fiscal result in 5 years from Luxembourg
The recent Budget from Luxembourg’s government has shown they came close to balance in the first three-quarters of 2017, as revenue growth outperformed spending, even with a continuing sharp fall in VAT revenues following the introduction of new ‘place of supply’ rules from the European Union. Mr Pierre Gramegna, Minister...
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Importers of goods from outside of the EU into Finland will benefit from an import VAT deferment
From 1st January, 2018 importers of goods from outside of the EU into Finland will benefit from an import VAT deferment. Going forward importers with a Finnish VAT number will no longer be required to pay the import VAT on clearing the goods. In its place, they can wait to...
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Swedish tax authorities have restructured their VAT guidance on services connected to investment funds
Swedish tax authorities have restructured their VAT guidance on services connected to investment funds, basically stating that providing management services to investment funds that deal with unit linked insurance plans, are not excused from VAT. amavat® provides a one-stop-shop solution for VAT Compliance within Europe. We assist clients with a...
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Tax news and information from Norway
Norwegian government proposes super reduced VAT rate In October, 2017, the Norwegian government presented its plans for the 2018 budget declaring an increase of the super reduced rate from 10% to 12%. This super reduced VAT rate applies to cultural services, for example, cinema admission, museum admission and hotel accommodation,...
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Best-Performing Cities in Europe
4 cities in Poland are the best performing within the Top 20 in Europe: Gdansk, WROCŁAW, POZNAŃ and Krakow! Best-Performing Cities/Regions 1 Inner London-East, UK 2 Stockholm, Sweden 3 Budapest, Hungary 4 Pomorskie, POLAND (includes Gdańsk) 5 Nord-Vest, Romania 6 Dolnoslaskie, POLAND (includes Wrocław) 7 Berkshire, Buckinghamshire, and Oxfordshire, UK...
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EU Tax News | 15.12.2017
Weaponising VAT in 2018! Brexit VAT fraud. Austerity restrictions. Arab states panic on VAT. Global tax wars. Brexit – Are you getting ready for Armageddon? The impending trading model for post-UK Brexit looks as uncertain as on the date of the 23rd June, 2016 referendum. Certainly, with the membership of...
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EU VAT News | 14.12.2017
EC provides insight on important reforms of EU VAT The European Commission (EC) has circulated information on a new set of reforms to the current EU VAT framework, with the aim of tackling tax evasion and decreasing friction for businesses that trade cross Currently, the VAT system was designed and...
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Portugal – Flash Tax Information
Conceito our Portuguese amavat® Partner Firm has supplied a ‘Country-by-Country Report (identification of the reporting entity): Ministerial Order No. 367/2017, of 11th December – Approves the Model 54 and its filing instructions. Click here or below for English or Portuguese version: amavat® provides a one-stop-shop solution for VAT Compliance within...
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