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
The Federal Tax Authority of the United Arab Emirates (UAE) has confirmed that sole traders (‘sole establishment’) – individuals not incorporated – may apply for a VAT number for their
Spiralling global electricity and gas prices force another European country to introduce VAT subsidy The Baltic state of Latvia is considering reassigning domestic electricity supplies from the standard VAT rate
COVID-19 disruption means delays on electronic invoicing obligations and SAF-T reporting QR Code Jan 2022; ATCUD invoice delayed Jan 2023; PDF e-invoices permitted until July 2022 (UPDATE: since delayed to
The West African country of Ghana imposed its Value Added Tax on non-resident providers of digital or electronic services to consumer from 1 January 2014. There is a VAT registration
Global wholesale price fresh highs forces extension of reduced VAT rate until 30th April 2022 Spain has extended from 31 December 2021 to 30 April 2022 the application of the
Uganda confirmed the VAT obligations for non-resident suppliers of B2C electronic or digital services from July 2018. This includes the obligation to VAT register once over the threshold of UGX
Tax authorities migrating from VAT returns to digital reporting requirements, including e-invoices, SAF-T, Control Statements, pre-filled VAT returns and fiscal cash registers Driven by stubborn VAT fraud and other missing
Hype? Or is an immutable distributed ledger technology the solution to missing EU VAT revenues? The VAT gap of €136 billion per annum and costly complexity of the compliance rules
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