European Commission proposal to give its VAT Committee legal interpretative status – comitology – update In December 2020, the European Commission provided detailed proposals to give its VAT Committee the
Panama has again proposed imposing a Withhold VAT on payment providers processing payments to non-resident providers of digital services to consumers. This was due to come into effect on January
Since 1 January 2019, non-resident providers of digital services to Russian VAT registered businesses will have to VAT register. This reverses the previous reverse charge simplification used almost everywhere else
Sharing economy targeted for additional taxes The US state of New York is imposing a 2% tax on platforms facilitating peer-to-peer ride sharing. The tax will be levied on the
The European Commission’s Directorate-General for Taxation and Customs Union (DG TAXUD) experimenting with a payment tracking and blockchain technologies to help combat Value Added Tax fraud. Blockchain to combat EU VAT fraud
E-tržby or EET certified VAT cash registers The Czech Republic (Czechia) has suspend the rollout of its online VAT cash registers until January 2023 due to the ongoing COVID-19 emergency.
5% GST on gig and sharing economy platform aggregators 1 January 2022 The Indian Goods and Services Tax Council (GST council) has extended the GST net to providers and online
Content Creators and sellers targeted by Inland Revenue – new payment service providers obligations New Zealand’s Inland Revenue is shortly to be granted enhanced data collection rights – quarterly transaction
Russia is to exempt providers of catering services from Value Added Tax from 1 January 2024. This includes the following service groups: Restaurants Cafes Hotel (non-accommodation related) Canteens and refectories
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
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