June 2019

Michael Wukoschitz's picture

EU Commission sues Austria over VAT rules for travel agents

The special VAT scheme for travel agents means that VAT should be applied only on the margins made from sales of travel services to consumers. In return, however, travel agents cannot deduct VAT they pay while buying services from other businesses.

Michael Wukoschitz's picture

USA restricts Cuba travel

On June 5, 2019, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS), the Department of the Treasury’s Office of Foreign Assets Control (OFAC), and the Department of State took actions to restrict non-family travel to Cuba. Major elements of the changes in the revised regulations include:

Michael Wukoschitz's picture

IATA AGM passes five resolutions

The International Air Transport Association (IATA) announced that five resolutions have been passed by the 75th Annual General Meeting. These are: