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juin 14, 2016

A number of Spanish opposition politicians have pledged to more than halve the country’s sky-high cultural value-added tax (VAT) rate should they be in government following Sunday 26 June’s general election. At an Association of Music Promoters (APM)-hosted panel at PrimaveraPro last week, Eduardo Maura of left-wing alliance Unidos Podemos, Marta Rivera of Citizens (C’s) and Iban García del Blanco… En savoir plus

Tourism players worry about VAT on services

juin 13, 2016

Tanzania Association of Tour Operators (TATO) Executive Secretary, Sirili Akko, said in a statement that the VAT plans for tourism industry would be counterproductive and will hamper growth of the sector which contributes to more than 17 per cent of the total economic output. “… the Tanzania Association of Tour Operators (TATO) wishes to express… En savoir plus

Noonan told low tourism VAT rate has ‘done its job’ – and binning it would raise €640m

juin 9, 2016

Finance officials have raised doubt over the future of the reduced VAT rate for the hospitality industry, saying it has “done its job” and that scrapping it would raise €640m.  Minister Michael Noonan’s officials say rising prices in the sector call the benefits of the tax cut into question. VAT was reduced for hotels from… En savoir plus

EU Blood VAT Exemption Should Include Plasma, Says ECJ AG

juin 8, 2016

European Court of Justice Advocate General Wahl has recommended that blood plasma should be exempt from value-added tax (VAT) under EU law under the current exemption for supplies of blood for the manufacture of medicinal products. Under Article 132(1)(d) of the VAT Directive, supplies of blood for manufacturing medicinal products are exempt. In TMD Gesellschaft… En savoir plus

Finance professionals say VAT to increase inflation in the UAE

juin 7, 2016

Dubai: Introduction of the proposed value added tax form 2018 is expected to result in a general increase in price levels in the UAE, according to CFA Society Emirates, the association for financial and investment professionals in the UAE. An online survey was conducted from May 1 to 31 among 68 CFA Society Emirates members,… En savoir plus