Richard Asquith - vatcalc.com

Mexico adds to approved non-resident VAT registered digital service providers list

13/05/2022 in

e-services

List of VAT compliance foreign providers of digital services grows to 154 The Mexican Servicio de Administración Tributaria, SAT tax authorities has published an extended list of non-resident digital or electronic service providers who have registered to charge Value Added Tax. Mexican VAT on digital

Vietnam goes to single VAT rate

13/05/2022 in

COVID-19

Proposal to eliminate reduced rate as part of wider 2030 tax simplification plans Vietnam has proposed consolidating its reduced rate of 5% with the standard rate of 10%. The reduced rate currently includes: Basic foodstuff; transport; agriculture; medicines; cultural, cinema; books; education; scientific and tech.

How many countries have VAT or GST regimes? 171

12/05/2022 in

Goods and Services Tax

171 countries have implemented VAT or GST as at May 2022 Since the first introduction of a Value Added Tax in France in 1968 (initial version 1950’s), it has now been adopted by 171 countries around the world. In many countries, VAT is known as

Bolivia VAT on digital services – domestic providers

12/05/2022 in

Digital Services Tax

Bolivia pauses on imposing VAT on non-resident e-services providers to consumers Bolivia’s Servicio de impuestos nacionales (SIN) has paused on extending its VAT regime to certain digital services provided to its consumers. In November 2021, SIN confirmed VAT is only applicable for resident providers already registered

EU platform economy issues on full liability model – VAT in the Digital Age

11/05/2022 in

deemed supplier

Questions around marketplace deemed supplier obligation as part of VAT in the Digital EU review Following the ending of the public consultation of the EU VAT in the Digital reforms, a number of issues remain around the proposed full liability model being considered for the platform

Belgium extends VAT return deadline

11/05/2022 in

VAT filing deadline extended; payment date unchanged The Belgian Federal Public Service-Finance has extended the quarter 3 Value Added Tax return deadline. The filing date is now 25 October instead of 20 October 2022. There will be no change to the payment deadline, which remains

Japan tax qualified invoices Oct 2023 update

11/05/2022 in

e-invoices

Japan’s 2022 tax reform bill includes an update on the 2023 introduction of Qualified Invoices – a form of e-invoices. This will replace current interim Transitional Invoice Retention System Qualified invoices for tax deduction Japan plans to introduce Consumption Tax qualified invoices from 1 October

Ireland extends again hospitality and tourism 9% VAT to Feb 2023 as inflation rises

10/05/2022 in

COVID-19

Effects of cost-of-living crisis prompts extension of VAT rate cut from 13.5% to 9% to 28th Feb 2023 Ireland’s government has announced on 10 May 2022 a second extension of the reduced VAT rate on restaurant, cafe, catering and tourism services past the planned deadline

Moldova extends again cut in hospitality VAT rate to June 2022

10/05/2022 in

COVID-19

Fourth extension of COVID-related VAT subsidy for hotel and restaurant services Moldova has extended for the fourth time its application of the reduced 6% VAT rate on hotel and restaurant services until 23 June 2022. It was due to run out on 24 April 2022.

Chile grants VAT relief for COVID-19

10/05/2022 in

Chile

Right to claim delayed VAT payments as pandemic continues to disrupt The Chilean tax authorities, Internal Revenue, has provided a number of reliefs on Value Added Tax payments. These include the option to apply for two months’ payment delays on VAT remittances for small businesses.

Author: Richard Asquith

Mexico adds to approved non-resident VAT registered digital service providers list

Vietnam goes to single VAT rate

How many countries have VAT or GST regimes? 171

Bolivia VAT on digital services – domestic providers

EU platform economy issues on full liability model – VAT in the Digital Age

Belgium extends VAT return deadline

Japan tax qualified invoices Oct 2023 update

Ireland extends again hospitality and tourism 9% VAT to Feb 2023 as inflation rises

Moldova extends again cut in hospitality VAT rate to June 2022

Chile grants VAT relief for COVID-19

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