VAT News February 2011

Czech Republic	proposal to merge 10% reduced rate goods in with 20% standard rate
Germany	Angela Merkel suggests 2 VAT rates only per country
Greece	proposed new instalment payment scheme for VAT payments
Italy	revised requirements on the new deceleration rules for supplies over Euro 3,000
New Zealand	distances itself from second GST rise to 17%
Pakistan	IMF pushes for implementation of GST within six months
Russia	more talk of increase in 18% VAT rate to help rebalance economy away from oil
Spain	onward relief importers must now provide local and destination country VAT numbers