Regulatory update

MARCH 2015 TMF Group VAT & GST update

09 March 2015

Welcome to the March edition of TMF Group's global VAT & GST update from its offices around the world.

Countries:
Service:

Italy changed invoicing rules regarding transactions performed by foreign entities. Read more >

Spain raised Intrastat thresholds for arrivals and dispatches from EUR 250,000 to EUR 400,000.

Hungary simplifies EKAER system used to control commodities’ movement. Read more >

Greece changed Intrastat threshold for arrivals (EUR 150,000).

Spain introduced new rules for domestic reverse charge. Read more >

European Union’s VAT Committee published new guidelines regarding VAT refund in case of MOSS registration. Read more >

Iceland raised VAT rate for electronic books from 7% to 11%.

Finland increased registration threshold from EUR 8,000 to EUR 10,000 for resident businesses.

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