The office of the CfR has issued a Notice urging taxable persons to comply with any outstanding Intrastat obligations and reminding defaulting taxable persons that failure to comply with such obligations may lead to criminal prosecution which, upon conviction, is punishable with a fine (multa)...
Government Notice 1621 published on 17th December 2021 sets out guidelines for the application of compromise arrangements (in lieu of criminal prosecution) in terms of article 84 of the VAT Act. ...
The waiver currently in place (see MIT News 21 April 2021) on the VAT and duty on the importation of medical and protective equipment used in the fight against COVID-19 has been extended to 30 June 2022, further to the Commission decision of 22 December...
The European Commission has launched a survey to obtain views and experiences on e-commerce transactions from third countries, in connection with its work on revisiting the customs and taxation collection systems for e-commerce (fiscal aspects) and on identifying innovative customs control approaches for e-commerce imports (non-fiscal aspects). source:...
Further to the announcement in the October Budget Speech, the Ministry for Finance and Employment has launched the grant scheme in connection with the restoration and finishes of privately owned residential properties within Urban Conservation Areas, properties that have been built for more than 20...
On 7 December, EU finance ministers reached an agreement on the changes to the current rules governing VAT rates for goods and services. Further to the Commission's 2018 proposal to reform the VAT Rates rules, aimed at giving Member States more flexibility in rates-setting, the agreed package...
The EU VAT Gap for 2019 has been published, showing a decrease in the overall EU VAT Gap by almost €6.6 billion to €134 billion. The VAT Gap study records the difference between the VAT due and the actual VAT revenues generated by Member States, representing...
Guidelines issued by the VAT Committee pursuant to the April 2o21 meeting have been added to the VAT Committee Guidelines. The new guidelines address: The return of goods placed under call-off stock arrangements The place of supply of interactive sessions filmed and broadcasted in real time...
The European Commission has published the 2022 version of the Combined Nomenclature (CN codes), which reflects the latest version of the Harmonised System (HS). The Combined Nomenclature inter alia determines which rate of customs duty applies on the importation of goods. source: ec.europe.eu...
