Non-resident sellers and marketplaces now liable to Goods and Services Tax obligations on B2C electronic services The city-state of Singapore introduced its Goods and Services Tax (GST) on non-resident providers
VAT subsidy for tourism and hotel sectors Austria has extended its COVID-19 reduced VAT rates on hospitality and hotels until 31 December 2021. The reduction were introduced on 1 July
‘Online information database access and retrieval’ OIDAR services liable to GST when provided by non-resident provider Non-resident providers of digital or electronic services to Indian consumers become liable to its
From 1 July 2021, the new 2021 EU VAT e-commerce package will come into effect. This simplifies distance selling VAT compliance, imposes sales VAT on imports not exceeding €150 and
With the end of the Brexit transition period looming on 31 December 2020, it is important the UK and EU business prepare for the new border tax and declarations requirements.
Ahead of the first wave of businesses being mandated for e-invoicing on B2B GST invoices from 1 October 2020, India has increased the registration threshold to reduce the numbers of
Luxembourg has increased the annual threshold for Value Added Tax registration from €30,000 to €35,000. This will come into effect from 1 January 2021. Check EU VAT registration thresholds via VAT
Czech has again postponed the rollout of the VAT domestic reverse charge for all B2B transactions. The Czech Republic lead the campaign of member states seeking to give the greenlight
Romania is to broaden its facility for using the reverse charge and postponed VAT accounting to avoid a cash payment of VAT on importation. The scheme will require an application
When the UK’s Brexit transition period ends on 31 December 2020, goods moving between the UK and EU will be subject to import VAT, customs declarations, potential tariffs and regulatory
The Indian Finance Act 2020 introduced a 1% Tax Deducted at Source (TDS, or withholding tax) obligations on marketplace operators processing payments on behalf of their third-party merchants. Since 1
Two alternative proposals to reform the hugely complex Brazilian indirect tax regime. The aim is to reduce instances of double and compounding taxes at the federal, state and municipal levels.
France has indicated that it may make facilitating marketplaces the VAT deemed supplier on all import transactions. The EU intention is only to require marketplaces to take on the VAT obligation on
The annual estimate by the European Commission of the amount of missing VAT – the ‘VAT Gap’ – has remained constant at €140 billion for 2018. However, the EC is
Cyprus is to extend the application of the domestic reverse charge to mobile phones, CPU’s, games consoles, laptops and similar products. This will come into effect from 1 October 2020.
The Balkan state of Montenegro has made a number of changes to its Value Added Tax regime from 4 August 2020. These are as follows: Shifted provision of accommodation, restaurant
Germany, UK, Ireland and many other countries are rushing through standard and reduced VAT cuts to help support consumer confident and bolster businesses in lockdown. But the economics and business
Poland has become the latest country to introduce a simple, local and modern (‘SLIM’) VAT initiative. The Polish measures, to be implemented in early 2021, announced include: Advance payments on
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