Vat

"Such high taxation strengthens coffee smuggling and reduces the chances for investments," commented Mario Cerutti, president of the European Coffee Federation (ECF), as he described the consequences of coffee taxation in Greece.

Turkish-based advertisers on Facebook lacking a valid Turkish value-added tax (VAT) identification number will be charged 18 percent on the value of advertising services as of April 1, the social media giant has announced.

The Romanian tax authorities need to align with global trends and invest massively in digital solutions to improve the VAT collection process, explain EY Romania representatives in a release on Thursday.

The Turkish government has signaled a value-added tax (VAT) cut to ease the recent toll hikes for Istanbul’s Eurasia Tunnel.

The tax stamp in Turkey has been hiked on mobile phone production and imports for allocation to the state broadcaster, the Turkish Radio and Television Corporation (TRT), with 4 percent added to the existing 6 percent tax stamp fee.  

The Turkish government has cut special consumption taxes on a number of electronic home appliances and has extended value-added tax (VAT) cuts on property acquisitions, in a bid to revive domestic demand ahead of a key constitutional referendum, which is expected to be held in April. 

Bulgaria's parliament on Wednesday tightened tax rules for company-registered cars and lowered the ceiling for cash payments.

Under draft amendments to the Corporate Income Tax Act adopted on first reading, companies will be able to reimburse only up to 70% of VAT on the purchase price of a vehicle if they use it for personal travel during weekends.