Guidance on transitional rules on Value Added Tax rise 1 January 2022 The Bahraini National Bureau for Revenue has issued implementation guidance for the rise on VAT from 5% to
End to deferred customs declarations in place since Jan 2021; full goods checks at UK borders; proof of Rules of Origin for preferential tariffs Since 1 January 2022, full border
Whilst still a small slice of the sharing economy, crowdfunding is one of the fastest growing areas of this economy and, as a financial services activity, has its own unique
More services to be brought into Value Added Tax regime Indonesia is looking to reform its Value Added Tax regime following the widening of its deficit to GDP to over
EU harmonised marketplace transaction reporting requirements and data sharing Hungary has implemented the legislation for Directive on Administration Cooperation (DAC 7) from 1 January 2023. The first reports by digital
Parcel invoice and declaration rules following low-value consignments The EU e-commerce package and UK e-commerce VAT reforms impose the obligation on sellers and marketplaces to charge VAT in their checkouts
Saudi GAZT and ZTCA to combine The Gulf state of Saudi Arabia has merged its General Authority of Zakat and Tax (GAZT) with its General Authority of Customs. The new
Belgium has increased(Royal Decree nr. 31) the financial guarantees required on non-EU (‘third-country’) businesses with a local non-resident VAT registration. Typically, this includes appointing a Fiscal Representative unless the third-country
The Channel Island of Guernsey is considering implementing a Goods and Services Tax. The likely rate will be 5%, with some measures to soften the impact for the less well
Extended options for connected businesses to join GST group simplification The city state of Singapore has updated the requirements for Goods and Services Tax (GST) groups, the arrangement to allow
The Organisation for Economic Cooperation and Development (OECD) has issued optional guidance for countries on their requirements for reporting taxable transactions of goods and ride sharing / rental of transport.
22nd January 2022 – Non-residents may no longer charge VAT on local B2B supplies or VAT register – aim is to cut VAT fraud via compulsory Article 194 VAT Directive
From 1 July 2021, Russia has imposed obligations to establish a Russian representative office on non-resident websites, marketplaces, payment providers and data processors. This will trigger local Russian Value Added
Slovakia is launching public register of the bank account of VAT registered businesses from 2022. Failure by customers to then check these accounts would result in joint and several VAT
The Indian Goods and Services Tax Council (GSTN) is considering bringing fuel into the GST net. Since the implementation of GST in 2017, it has been excluded and left to
Indonesia has put forward a proposal to raise its standard VAT rate from the current 10% to up to 15%. This is aimed at stablishing government deficits which have widened
Serbia implemented Value Added Tax obligations on foreign providers and marketplaces for digital or electronic services to consumers from 1 April 2017. There is a VAT registration threshold of RSD
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