January 2022 launch for turnover tax on foreign digital giants The Central Asian state of the Kyrgyz Republic (Kyrgyzstan) has introduced a 2% Digital Services Tax (DST) on resident providers (Kyrgyz IP address) of digital services. The replaces VAT liability. Foreign digital service providers are still
The Finance Act of 2022 has introduced a reduction in the annual Goods and Services registration threshold. It has been cut from SSL 350million to SLL 100million (approx €7,800 or $8,720). Other GST changes included: The delayed payment interest charge for GST payments has been
Changes to ICMS (VAT) states’ split on B2C inter-state sales in confusion The Brazilian federal government has gazetted this month a rule change on Imposto sobre Circulação de Mercadorias e Serviços ICMS (a form of VAT) on interstate sales of goods to consumers. However, Law
The value of the gig economy is expected to more than double from US$204 billion in 2018 to US$452 billion by 2025.7 In the UK, the Trades Union Congress (TUC) estimated in the summer of 2019 that 4.7 million people now work regularly on one or
Tax subsidies for domestic power and foodstuffs as inflation hits new highs A fast-growing queue of European countries are emerging to cut their already reduced VAT rates on domestic energy. Energy price rises in January 2022 were the biggest contributor to the rise in Eurozone inflation
European Commission grants derogation from VAT Directive for electronic invoices On 17 January, the European Commission granted France permission to introduce mandated electronic invoicing, and derogate from Articles 218 and 232 of Directive 2006/112/EC. This is a temporary derogation between 1 January 2024 and 31
The Central American state of El Salvador is considering joining the global VAT on digital services movement. The Ministry of Finance has said it is looking at imposing Value Added Tax on digital or electronic services as part of a wider modernisation of its tax
Legislation and IT being readied for state to join Gulf Cooperation Council VAT union The Gulf state of Qatar is making preparations for the introduction of Value Added Tax, with potential 2022 launch. This includes: A recent update of the tax authorities IT backbone Draft
Fiji proposed implementing its Value Added Tax on remote digital or electronic services sold by non-resident providers or marketplaces in 2020. There is a VAT registration threshold of FJD 300,000. The current VAT rate in Fiji is 9%. VAT Calc’s global VAT and GST on digital services tracker
