Category Taxation In Europe

Poland Eyes Detection System for Tax Cheating

March 23, 2017 Taxation in Poland

Tax collections in PolandWARSAW – Poland hopes to catch out tax cheats by automatically monitoring bank transactions for high risk deals.

The Finance Ministry of Poland has announced that it will soon establish an electronic verification system using bank data to catch out VAT fraud.

The new system is meant to catch out tax cheats who issue fake invoices in order to claim unwarranted tax VAT rebates.

The system will work by conducting risk analysis of transaction going through the national finance sector.

If initiated, the new system could be functional as early as June this year.

In the first year of operations, the tax system could help recover 10 percent to 15 percent of the fake tax claims.

Based on the estimated recovery rate, the government of Poland could see tax revenues rise by as much as PLN 600 mil...

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Iceland Eyeing Tourist Taxes to Keep Tourists Away

March 21, 2017 Taxation in Iceland

Tourist Taxes in IcelandREYKJAVIK – Visiting Iceland may soon become more expensive, thanks to Game of Thrones.

In a recent interview the Minister of Tourism of Iceland Thordis Kolbrun Reykfjord Gylfadottir said that the government may soon look at implementing taxes on tourists or tourism businesses.

The tax is aimed at controlling the number of tourists coming to the country, while also raising tax revenues.

Iceland is seeing a surge in tourism in recent years, as in 2010 the country had approximately 459 000 international visitors, while it is estimated that by 2020 the level will rise to as much as 2 million people per year.

The spike in tourist numbers has been attributed to a devaluation of the national currency and a growing interest in the country due to appearances in several popular television shows, ...

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Sweden Eyes Air-Travel Tax

March 16, 2017 Taxation in Sweeden

Ticket tax in SwedenSTOCKHOLM – Travelling is about to become a more expensive activity for Swedes, as the government looks set to implement a new tax on each and every air ticket sold.

On March 15th, the Financial Markets Minister of Sweden Per Bolund said that the national government plans to implement a new tax on the sale of airline tickets.

The new tax is expected to be levied at a rate of between SEK 80 and SEK 430, with the exact rate to be based on the distance of travel purchased.

The tax, which is yet to be approved, is intended to compensate the government for tax losses arising from a lack of VAT on international flights, and the relatively low taxes paid by airlines on their greenhouse gas emissions.

The Minister also explained that the tax is a form of green-tax reform.

The proposed tax has s...

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Belarus Drops Social Parasite Tax

March 10, 2017 Taxation in Belarus

Social Parasite tax in BelarusMINSK – The Belarus tax for unemployed individuals will not be collected this year, although the tax has not actually been dropped or suspended.

On March 9th the President of Belarus Alexander Lukashenko announced that in 2017 the government would freeze collection of the “social parasite” tax.

The tax, which was adopted in 2015, is required to be paid by any individual taxpayer in Belarus who works less than 183 days in any given year.

The rate of the tax is set at a rate equivalent to approximately USD 250 per year.

Originally the tax was set up in order to compensate the government for the tax revenue losses suffered due to taxpayers’ unemployment.

Any individuals who have already paid their taxes for the 2016 year will be refunded their payment, if they work more than the requ...

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UK To Charge VAT on Roaming Charges

March 9, 2017 Taxation in UK

Taxes on Roaming ChargesLONDON – Travelling is set to become more expensive for UK tourists, as new rules will see the cost of roaming data, calls and texts hiked by 20 percent.

On March 8th, the chancellor of the exchequer of the UK Philip Hammond announced that VAT will soon be applied to the roaming charges incurred by UK tourists.

The VAT will be levied on the roaming charges incurred by individuals using the services of a UK-based mobile-provider, when they are travelling outside of the EU-bloc.

The VAT will be levied at a rate of 20 percent, meaning that the cost of using roaming services while travelling will rise by 20 percent for all UK SIM card holders.

The Chancellor claimed that the new tax measure was introduced to combat tax evasion, and also to bring the tax treatment of roaming charges in line ...

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