Category Archives: HLB International Global Tax Updates

HLBI latest news:
09 May

Making Tax Digital for VAT: What you need to know ahead of April 2019

A fundamental change to the way that businesses submit UK VAT returns is coming, with the introduction of the Making Tax Digital (MTD) for VAT programme scheduled for April 2019. All businesses with turnover above the UK VAT registration threshold, including businesses belonging overseas, should start preparing now, to ensure that they are able to

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03 May

Dutch Small Enterprises arrangement will change to exemption

Entrepreneurs / natural persons or combinations of natural persons established in the Netherlands keeping adequate records and annually not paying more than € 1.883 VAT can apply the Dutch Small Enterprises arrangement, called KOR (Kleine ondernemers regeling). This arrangement contains a VAT-reduction scheme. In case € 1.345 VAT or less is due per year, even

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25 Feb

VAT Tax Update on Cyprus

On 3 November 2017 the Cyprus House of Parliament enacted the amendment of the Cyprus VAT Legislation with regard to the taxation of building land, the taxation of new commercial immovable property leasing contracts and the application of reverse charge on transactions relating to transfers of immovable property during the process of loan re-structuring, thereby

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20 Feb

Submitting a withholding tax refund claim in France

In a recent decision, the French Administrative Supreme Court (Conseil d’Etat) has provided details on the admissibility of claims made by non-residents to obtain a refund of French withholding tax paid on dividends. Non-resident taxpayers must produce any documents indicating the date of payment of the tax and the identity of the distributing company (or

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15 Feb

The law on tax free took effect in Russia

On January 1, 2018, the law on tax free took effect in Russia. The tax free system provides for the return of VAT in case of removal of goods from Russia by the citizens of foreign countries (except the Eurasian Economic Union countries – Armenia, Belarus, Kazakhstan and Kyrgyzstan). The goods should be bought in

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14 Feb

Dutch VAT due by a German entrepreneur residing in Germany

Dutch Court of ‘s-Hertogenbosch recently ruled a rented apartment qualifies as a permanent establishment for VAT. The business activities of the German entrepreneur consist of the supervision of DNA testing via websites (paternity tests where permission from the mother is not necessary). The DNA tests are performed in Australia. Because the paternity tests without permission

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14 Jan

Comparative analysis of Philippines 1997 tax code & amendments & repeals introduced by tax reform for acceleration & inclusion law

§Sale of goods to PEZA-0% §VAT exempt sale of residential lot-not more than Php 1,919,200.00 §VAT exempt sale of residential house & lot-Php 3,199,200.00 §VAT exempt lease of residential unit-Php 10,000.00 §Association dues, membership fees & other assessments & charges of homeowner’s association & condominium corporation-vatable §Transfer property pursuant to Section 40 (C) (2) of

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11 Jan

Portugal’s Personal Income Tax and Pensions 2018 Update

Conceito, an HLB member firm in Portugal made an Analysis on Portugal’s Personal Income Tax and Pensions outlining the following: – Tax relief for tax payers inintermediate tax bands – Extension of coefficient 1 in the simplified scheme for the calculation of taxable income – Increased tax burden for self employed persons participating in the

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