Digital platforms face Consumption Tax liabilities on user services The latest Japanese 2023 tax reform plan includes a review of the marketplace deemed supplier liability for providers of digital services. This is based on the global trend to shift the indirect tax burden to digital
Ministry of Finance delays entry into force of mandatory B2B e-invoicing for six months until 1 July 2024 The Ministry of Finance plans to extend the date of entry into force of the National e-Invoice System. The obligation to issue electronic invoices will come into effect
Extensions for final deadline on implementation of electronic invoicing The 1 January 2023 deadline for a range of taxpayers to join the Ministry of Finance’s mandatory e-invoicing regime has been extended as follows: Transport services to 1 March 2023 Financial services 30 April 2023 (two
New reporting guidance for non-resident providers of digital and electronic services The Ministry of Finance has issued new details of filing and reporting guidance for offshore suppliers of digital services. The new clarifications include: Definitions on non-resident providers included in VAT obligations VAT and income
Jan 2023 – draft VAT digital services regulations for new simplified VAT registration for non-resident providers and marketplaces The Revenue Authority has issued comprehensive regulations for the compliance VAT rules for providers and marketplaces of digital services. There will now be a short public consultation
New incentives to adopt E-Tax System Thailand’s Revenue Authority has approved a number of incentives for taxpayers to fully adopt the E-Tax System, which provides for digital reporting of invoices and withholding tax payments. Incentives include: Additional deduction allowances for costs reporting in the system
EU OSS 2021 for e-commerce and digital services. Extension to own goods 2025 The EU’s e-commerce VAT package has updated the reporting rules for VAT on digital services as well as reform goods reporting via One-Stop Shop (OSS) from July 2021. EU and non-EU providers of
Single national sales tax levy propositions to replace state income, payroll, state sales and gift taxes The US Congress’ research service has floated a proposal for a 2025 single national retails sales tax (NST) – a variation of VAT – regime to replace many existing
