VAT Service update

Article Date: 05 November 2010

Austria : REMINDER distance selling threshold drops from Euro 100k to Euro 35k per annum
EU  : Council agrees to formation of European-wide VAT police, Eurofisc, to combat fraud
EU  : proposes 1% VAT to contribute to Commission budget

Malaysia has been forced into a Service Tax increase.  It is joined by Jersey.  Lithuania is also rumoured to face a 1% increase to 23%.


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