18-month VAT implementation completes The French Pacific territory of New Caledonia has completed the implementation of its local version of Value Added Tax – taxe générale à la consommation, TGC. The consumption tax was first introduced in April 2017 with a phased roll out of
From 1 January 2019, the 27 member states of the EU adopted harmonised rules on the VAT treatment of single-use and multi-use retail vouchers. These reforms are enacted by the VAT COUNCIL DIRECTIVE amending Directive 2006/112/EC as regards the treatment of vouchers A voucher is
The European Union is to introduce a €10,000 pan-EU e-services registration threshold. This means that initially small EU businesses will be able to use the VAT return and rate of their country of registration rather than that of their customers. The new threshold will apply
On 1 July 2018, Australia ended the import Goods and Services Tax exemption for small-value parcels. Import GST will instead have to be charged in the online checkout for any imported sales to consumers not exceeding AUD 1,000. For foreign sellers or facilitating marketplaces, this
Argentina brought non-resident providers of digital (or electronic) services into its Value Added Tax net in June 2018. Rather than imposing the obligation to VAT register and collect taxes, it has applied a withholding VAT requirement on payment providers processing consumer payments to overseas providers.
India introduced goods transport e-way bills in April 2018 as part of the implementation of its Goods & Services Tax on 1 July 2017. The requires a digital filing notification of the movement of any goods above Rs. 50000 (approx €570 or $670). E-way bills are
E-services VAT obligations for foreign providers and marketplaces On 1 January 2018, the United Arab Emirates (UAE) implemented a 5% Value Added Tax regime. This included requiring non-resident providers of digital or electronic services via the internet or similar electronic network to charge and remit
E-services VAT obligations for offshore providers and marketplaces On 1 January 2018, the United Arab Emirates (UAE) implemented a 5% Value Added Tax regime. This included requiring non-resident providers of digital or electronic services via the internet or similar electronic network to charge and remit
The Baltic state of Estonia has raised the Value Added Tax registration threshold to €40,000. This will apply from 1 January 2018. It had previously been set at €16,000. Check EU VAT registration thresholds via VAT Calc’s live tracker. This threshold is only available to
Portugal is to enable importers to avoid the cash payment of import VAT by introducing deferred VAT from 1 March 2018. Traders will be able to report the import through their Portuguese VAT return and reclaim relief at the same time – thus removing the
