Czechia’ Ministry of Finance wants to raise its Value Added Tax registration threshold from CZK 1million to CZK 2million (approx €79,000) from 1 January 2021. This will lift over 100,000 taxpayers out of the VAT regime. The current CZK 1million threshold has been in place
Online sellers and electronic interfaces to charge GST once over registration threshold The Channel Islands territory of Jersey will impose Goods and Services Tax collections and reporting obligations on non-resident e-commerce sellers from 1 January 2023. There will be a compulsory registration threshold of GBP
Mexico has proposed two changes to the Value Added Tax obligations on foreign providers of digital services to its consumers: Move from quarterly VAT returns to monthly reporting Raise fines on providers who fail to submit returns for three consequative filings Mexico VAT on digital
Algeria imposed its Value Added Tax on foreign providers to consumers of digital or electronic services from 1 January 2020. This is subject to the reduced VAT rate of 9% until 2022. The current VAT rate in Algeria is 19% for standard supplies. There is
Oman implemented its 5% Value Added Tax regime on 16 April 2021, including making electronic or digital services providers and electronic marketplaces liable to tax on B2C supplies. There is no VAT registration threshold from non-resident traders Oman is the fourth of the six Gulf
Spain to switch from SII invoice listing reporting to live e-invoices? The Spanish Council of Ministers has backed a report calling for the adoption of electronic invoices by all Spanish B2B VAT payers. Spain’s SII live invoice reporting regime was introduced in July 2017. The
2021/22 budget includes VAT on foreign digital services The Israeli Ministry of Finance has announced that it will revisit again taxing e-commerce goods and digital services being provided to its consumers by non-resident sellers or providers. Israel is on of the very few developed economies
Peru’s tax authority, SUNAT (Superintendencia Nacional de Aduanas y de Administración Tributaria), introduced Electronic Payment Receipt, CPE, e-invoicing in 2010, and mandated it for all taxpayer above 75 UIT annual turnover in 2017. New requirements were introduced on 1 April 2021 for small taxpayers, but
OST to level the playing field for the high-street; Delivery Tax also being considered The UK Chancellor, Rishi Sunak, last week confirmed that the government will publish shortly a consultation on an Online Sales Tax. If introduced, the revenue from an OST would be used
The Australian Tax Authority (ATO) has targeting mandatory electronic invoicing on B2G transactions by July 2022. With New Zealand, in February 2019 is launched a Peppol-based regime. This will then be rolled out initially voluntarily to the wider economy as an open network automated exchange
