VATupdate

GCC Indirect Tax Weekly Digest – 22 January 2020

UAE – FTA publishes standard Turnover Declaration Letter template
Bahrain -NBR announces annual VAT return period for smaller businesses
Oman – VAT expected to be introduced in Oman in 2021
Source Deloitte

New statistical reporting obligations for large VAT Groups

From 2020, additional statistical reporting obligations apply to members of a large VAT Group, i.e. one with an annual turnover of at least EUR 15 Million reported in VAT returns. A breakdown of information contained in the VAT Group’s VAT return...

VAT adjustment private car

 
Source Baker Tilly
Unofficial translation in English

French new measures applicable since January 1st, 2020 to companies acting as online platform operators

Solidarity for VAT payment This measure (included in the anti-fraud law n°2018-898 of October 23rd, 2018), was amended by the Finance Bill for 2020 (voted on the sly, as it was not provided for in the draft finance bill for 2020). Initially, a...

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