EU – DAC 6 update


On 17 of June the EU Parliament voted – the last procedural hurdle for formal adoption by the ECOFIN Council in the next few days – regarding an option for E.U. Member States (including UK for these purposes) to defer the reporting deadlines for DAC6 by up to six months. The relevant details are as follows:

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Romania – Update on VAT split payment


Referring to the information on VAT split payment in Romania I would like to update you as follow:

This week the Romanian senators from the Budget Finance Committee discussed and proposed some amendments related to the VAT split system. Read More »

Greece – increase of VAT rate as per 1 of June 2016 approved by parliament


747723_web_R_K_B_by_lunad_pixelio.deThe proposed increase in the standard VAT rate from 23% to 24% was approved by the Greek Parliament yesterday (22 May) and will take effect from 1 June 2016. The Bill introducing the VAT rate increase also provides for the abolition of the special 30% reduced VAT rates in the islands of Syros, Thasos, Andros, Tinos, Karpathos, Milos, Skyros, Alonnisos, Kea, Antiparos and Sifnos, where the new 24% standard rate will apply from 1 June.

Please contact Natalia Skoulidou for further details:
natalia.skoulidou@gr.pwc.com

Image source: lunad / pixelio.de

 

A new double tax treaty (DTT) between Bulgaria and Switzerland into force as of 1 January 2014


A new double tax treaty (DTT) between Bulgaria and Switzerland was ratified by the parliaments of both countries and will enter into force as of 1 January 2014. New rules on exchange of information and lower tax rates are introduced.

Swiss Double Tax Treaty

Slovenia – increase of the VAT rate as per 1 of July 2013


The Slovene Parliament has approved an increase of the VAT rate as from 1 of July 2013. The standard VAT rate will increase from 20% to 22% and the reduced rate will increase from 8.5% to 9.5%. The approval of the National Council is still pending, but is expected in June.

Finland – increase of VAT rate as per 1 January 2013


The Finnish Government has issued on Monday 17 September 2012 an official proposal to increase the current VAT rates by 1% in Finland. It is foreseen to increase the standard VAT rate from 23% to 24% and the two reduced VAT rates from 9% to 10% and from 13% to 14%.

If passed by Parliament, the increase will take effect from 1 January 2013.