COVID-19 forces General Consumer Tax subsidy In its 2020/21 budget, the Caribbean Island of Jamaica has reduced its standard General consumption tax (its Value Added Tax) rate from 16.5% to 15%. This will tax effect from 1 April 2020. The GCT cut is aimed at
Mexico has introduced Value Added Tax on foreign providers of digital or electronic services from 1 June 2020. There is no VAT registration threshold, and non-residents must appoint a local tax agent. In addition to providers of electronic services, Mexico also makes provision for withholding
Japan has imposed its 10% Consumption Tax on digital or electronic services since October 2015. This includes non-resident providers. However, so far, marketplaces and similar electronic interfaces are not held liable to tax obligations of their third-party sellers. Japanese Consumption Tax is made up of
Confusion of tax treatment and case law for ride sharing and delivery platforms The tax system has always provided subsidies and preferential VAT benefits to the self-employed to reflect the risks of entrepreneurship and to offer a subsidy to a dynamic corner of the economy
Slovenia has harmonised the VAT rate on printed books and journals to the e-book rate. The reduced rate is now 5% from 1 January 2020. This follows the Council Directive (EU) 2018/1713 in the VAT Directive to permit EU member states to set electronic publications Value
Taiwan implemented post-issuance government e-invoicing via its Government Uniform Invoice (GUI) regime. This allocates batch sequence invoice numbers to taxpayers every couple of months. The system was launched in 2006 as paper-based pre-printed invoices, and switched to electronic in 2017. This requirement was mandated for
Foreign sellers and marketplaces now face Value Added Tax obligations Albania imposed VAT collections obligations on non-resident providers of digital or electronic services to its consumers in January 2015. There is no VAT registration threshold. The Albanian digital VAT regime is similar to the EU
South Korea implemented its 10% Value Added Tax on foreign providers and marketplaces of digital or electronic services to its consumers from 1 July 2015. There is no VAT registration threshold. There is a simplified electronic services registration. Follow VAT Calc’s global VAT and GST on
From 1 December 2019, New Zealand is imposing its Goods and Services Tax (GST) on imported sales of goods not exceeding NZD 1,000 to its consumers. For any foreign seller or marketplaces making such e-commerce sales to New Zealand consumers there is a GST registration
Standard Audit File for Tax Lithuania rolled out its version of the OECD’s Standard Audit File for Tax (SAF-T) in 2017, and completed it’s current version, in 2019. It was phased in from 2018. Read about Lithuania’s i-MAS digital reporting regime which imposes a range
