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
Chile introduced its 19% Value Added Tax on non-resident providers of digital services to consumers from 1 July 2020. This will require a VAT registration with the tax office, SII Commissioner, via a simplified process. There is no VAT registration threshold. Alternatively, payments made will
Live e-invoicing extends to cross border; Esterometro fling withdrawal Italy is extending its Sistema di Interscambio (SdI) live e-invoicing regime to cover cross-border transactions from 1 January 2022. Italy’s Agenzia Entrate will withdraw the quarterly Esterometro declaration (cross-border sales and purchase invoices) as the listing will now
The UK’s HMRC has updated its guidance on the distance selling obligations for goods being sold from Northern Ireland to consumers in the EU. This reflects the EU e-commerce VAT package of 1 July 2021, and how that works given NI’s dual status in the
Portugal’s Autoridade Tributária e Aduaneira (AT) is to make compulsory the production of a Portuguese Standard Audit File for Tax (SAF-T) Accounting file added to the existing Invoice SAF-T PT requirements. This will come into effect from 1 January 2022 for resident businesses. The Accounting file is
6 month grace period – first Romanian SAF-T ‘Declaration 406’ not due until 30 June 2022 The Romanian National Agency for Fiscal Administration (ANAF) has provided fresh guidance on the launch for large taxpayers of its version of the OECD Standard Audit File for Tax
Spain to add live B2B e-invoices to existing SII real-time reporting; rollout between 2023 and 2025 The Spanish government’s Council of Ministers has approved on 30 November 2021 a law (‘Crea y Crece‘ Recovery, Transformation and Resilience Plan) mandating electronic invoice issuing and receiving by
