“Innovations, however great they are or achievements, however enviable they be, are of no use if they don't benefit the society.”
Italy VAT rate increase
Italian standard VAT rate will now rise from 21% to 22% from 1 July 2013.
France VAT increase planned:
The main VAT rate will be raised to 20 percent in 2014 from 19.6 percent, and a reduced rate that applies to restaurant bills and property repairs will rise to 10 percent from 7 percent, aims to raise over 6 billion euros.
Etihad Guest Miles, flagship partner, launches a special promotion for Guest Miles members visiting and shopping in the Republic of Ireland. For the first month members will earn 30% more miles on every purchase made in participating Ushop retailers.
Smartax Network successfully oversees the release of the fully digital version of the TaxTrax software for Ushop Tax Free in the Republic of Ireland.
Singapore Tax Authorities
Singapore Tax Authorities expected to complete installation of the Electronic Tourist Refund Scheme (eTRS) to replace the paper refund form system.
Vietnam to offer tax refunds for tourists
The government has decided to pilot a value-added-tax refund scheme for foreign visitors in July in an attempt to boost sales of local products.
Foreigners who make purchases in Vietnam and leave the country via Noi Bai Airport in Hanoi or Tan Son Nhat Airport in Ho Chi Minh City will receive VAT reimbursements, according to statement on the government�s website.
Smartax Network introduces new �click & collect� service for tourists who can�t find what they want at traditional stores. Customers, too busy to shop, can now browse their favourite store�s site make a choice and collect at a store convenient location.
Ushop Tax Free
Ushop Tax Free, our tax refunding partner, launches the Smartax Network services to retailers in the United Kingdom.
Japan looks set to raise sales tax on goods and introduce tax free for in-coming tourists.
Thailand introduces e-tax refund scheme for tourists. Foreign visitors can now enjoy a faster electronic refund process for value added tax (VAT) at the airport with only a swipe of a smart card.
Croatian Prime Minister confirms VAT rate will rise to 25% from 1st March
Hungary VAT rate rises to 27%
The Hungarian government has increased its standard VAT rate by 2%, from 25% to 27%. This new rise comes as part of a package of budgetary measures.
Smartax Network�s preferred partner
Ushop Tax Free (USTF) confirmed as preferred VAT refund partner for Smartax Network. Under the terms Smartax supply the TaxTrax application to process claims and agrees to market USTF services to the Network partners.
Ireland VAT is to be raised by 2% to 23% from 1 January 2012. This was confirmed in today's Irish budget.
For more info:
London, 8th December 2011
Smartax Network, a British consumer technology company, today announces an agreement with Etihad Airways, the national airline for the United Arab Emirates (UAE), to introduce an innovative data-card system through the Etihad Guest card.
Smartax Refund Ltd. is a group of highly qualified IT professionals committed to excellence in the service industry with the vision of creating cutting edge solutions for the betterment of the global community.
Our mission is to provide innovative solutions to various complex and time-consuming problems encountered in the commercial sector. Our dedicated and continuous efforts for the past few years have seen the creation of an integrated solution for the tax refund industry.
A one-stop shop for tax refund claims.
The impact of this innovative technology on the Consumer Trade facilitation segment is international in nature and will pave way for seamless tax refund payments being made to the customers. This in turn will initiate an increased business for all concerned.
We are committed to transforming this into a Global platform and will continue to endeavor to excel in providing a range of solutions to meet the constantly emerging problems in the commercial service sector.
To be the leading provider of technology driven tax refund solutions and services worldwide. read more