Richard Asquith - vatcalc.com

Spanish mandatory B2B e-invoices updated draft regulations

20 February 2023 in

e-invoices

Spain publishes draft e-invoicing regime: decentralised CTC with public portal or certified third-party agent submissions Spain’s State Tax Administration Agency (Agency Estatal de Administracion Tributaria) has updated the draft draft Royal Decree for its proposed e-invoicing regime applicable on B2B transactions – companies and self-employed

Pakistan sales tax increase 17% to 18%

19 February 2023 in

Pakistan

Debt talks with International Monetary Fund prompt 1% sales tax rise 14 February 2023 The Pakistan Parliament has passed a supplementary Finance Bill with a 1% rise in its sales tax from 17% to 18%. This would secure badly needed funding to cover import costs

Canada Québec sales tax digital services

18 February 2023 in

Canada

The Canadian province of Québec was the first region to impose its sales tax, Québec Sales Tax (QST) on non-resident providers of e-services to its consumers. The current Québec QST rate is 9.976% Canada’s federal government imposed dits 5% Goods and Services Tax from 1 July

Cambodia VAT on foreign goods & digital services update

17 February 2023 in

Cambodia

Updated implementation rules for Value Added Tax liabilities for non-residents of digital services to Cambodian consumers The Cambodian General Department of Taxation has updated its guidance for non-resident sellers, marketplaces and providers of e-commerce goods and digital services. These traders have been brought into the

EU VAT in the Digital Age – states call for more time and flexibility

16 February 2023 in

e-invoicing

EU Finance Ministers broadly agree with ViDA proposals at ECOFIN. But requests for delays on e-invoicing timetable and more consideration on platform reforms EU Finance Ministers today provided the European Commission’s proposed VAT in the Digital Age reforms. At the monthly Economic and Financial Affairs

Canada to exempt crypto mining from GST/HST

12 February 2023 in

Canada

Income for mining or forging of digital currencies or NFT’s (cryptoassets) will not be subject to 5% federal GST/HST The Canadian Revenue Agency has proposed exempting income received from creating, or ‘mining’, Cryptocurrencies. This follows EU Cryptocurrency VAT proposals on mining, wallet services and payment

Switzerland progresses 4% streaming tax via VAT return

11 February 2023 in

Digital Services Tax

Swiss Federal Tax Administration to use VAT returns for new 4% levy on foreign TV streaming voted for in 2022 referendum Following 15 May 2022 referendum vote to impose a foreign streaming levy, the Swiss Federal Tax Administration has proposed to base the tax calculations

Argentina e-commerce gig & sharing marketplace VAT deemed supplier – 2023

9 February 2023 in

Argentina

April 2023 – digital e-commerce, gig & sharing marketplace take on full VAT liability for smaller traders. The Argentina Federal Tax Authority is to oblige marketplace to ensure their users are correctly charging and collecting VAT. This covers both goods and services, including the gig

Poland SLIM VAT 4 2024

7 February 2023 in

Poland

Poland provides notice of fourth wave of VAT compliance simplifications and reforms Poland’s Finance Ministry has given notice of a further, fourth wave of VAT compliance reforms – although no details have been provided. This follows the approval for April 2023 SLIM VAT 3 reforms.

EU VAT in the Digital Age ViDA June 2023 update

1 February 2023 in

e-invoicing

EU Finance Ministers debate 3 ViDA questions at ECOFIN 16 June 2024 The EU’s 3-pillar reforms of the VAT regime, VAT in the Digital Age, is to be reviewed by Finance Minister at the monthly Economic and Financial Affairs Council (ECOFIN) on 16 June 2023.

Author: Richard Asquith

Spanish mandatory B2B e-invoices updated draft regulations

Pakistan sales tax increase 17% to 18%

Canada Québec sales tax digital services

Cambodia VAT on foreign goods & digital services update

EU VAT in the Digital Age – states call for more time and flexibility

Canada to exempt crypto mining from GST/HST

Switzerland progresses 4% streaming tax via VAT return

Poland SLIM VAT 4 2024

EU VAT in the Digital Age ViDA June 2023 update

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