VAT News August 2011

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Barbados

to increase VAT from 15% to 17.5%

Cyprus

passes austerity measures but postpones VAT increase from 15% to 17%

Finland

increases VAT on newspapers and periodical subscriptions to 9%

Greece

suggestions that VAT cuts will be the answer

Italy

still resisting an increase in the standard VAT rate to 21%,  but Berlusconi has stated it's possible

Luxembourg

VAT warehouse proposals become law

Portugal

warns that bailout terms may require VAT increase of more than 2%

UK

Intrastat deadline to be brought forward in 2012, plus on-line filings mandatory

USA - California

introduces legislation to require certain out of state on-line retailers to collect sales tax


 
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