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VAT: Oman delays VAT until 2021

VAT: Oman delays VAT until 2021

Oman has confirmed that they will be postponing its implementation of Value Added Tax until 2021. The postponement was disclosed in a July 2019 bond prospectus where they had said that it was due to slow economic performance and low consumer sentiment. Despite the...
VAT: Spanish Canary Islands to Increase VAT rate to 7%

VAT: Spanish Canary Islands to Increase VAT rate to 7%

At the start of 2019, the Canary Island government reduced the IGIC (the consumer tax used in the Canary Islands) from 7% to 6.5%. The Canary Islands government has now proposed in its 2020 budget that it will reverse the lowering of this VAT rate, and from 1 January...
VAT: Germany lowers VAT on E-books to 7%

VAT: Germany lowers VAT on E-books to 7%

Germany has proposed a reduced VAT rate on ebooks from 19% to 7%, which is expected to come into effect in January 2020. This will mark Germany as the second nation to amend its VAT policy on ebooks following the Netherlands which announced 9% VAT on ebooks as from...
VAT: Czech Republic’s Reverse Charge Mechanism Delayed

VAT: Czech Republic’s Reverse Charge Mechanism Delayed

In October, J&P announced that the Council of the EU had given the Czech Republic permission to introduce the generalised reverse charge mechanism on 1 January 2020. However, it has now been revealed that the introduction of the mechanism has been delayed and will...
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