The gig and sharing economies, powered by online marketplaces, have freed millions of individuals to offer their labour and underutilised assets to businesses and consumers across the world. Mastercard has
Real-time invoice reporting phased to pre-filled VAT returns plans suspended Hungary first introduced live invoice reporting in July 2018 for B2B transactions above HUF 100,000. The regime has since been
There is an array of more practical VAT measures that are in place, or could be explored, to resolve the VAT issues around the gig and sharing economies. The shared
Guatemala to adopt Brazilian and Chilean platform for non-resident digital service providers The Guatemalan Superintendency of Tax Administration (SAT) has proposed a voluntary regime for non-resident providers and marketplaces for
Delayed withdrawal of services export charge finally goes ahead Argentina is to withdraw the service export customs duties tax of 5% from 1 January 2022. The tax was introduced in
The European Union’s Transaction Network Analysis services is a tool shared by member states to gather and compare VAT transactional data to help detect fraud. It was launched by Belgium
Additional non-residents required to register for VAT on electronic services The Indonesian Directorate General of Tax has co-opted a further ten new non-resident providers of digital services to tax on
Global pioneer in electronic invoicing now being copied around the world Chile’s Servicio de Impuestos (SII) tax authority introduced its VAT electronic invoice regime in 2001, and mandated it for
Electronic invoicing 2021 phased introduction Albania has rolled out its mandatory electronic invoice regime in 2021 in the following stages: 1 Jan 2021 – B2G transactions 1 Jul 2021 –
Home renters to provide more platform sales VAT info In last week’s Norwegian 2022 budget, the government is proposing obliging homeowners renting out their properties on digital platforms to share
Sales e-invoice reporting goes ahead; purchase reporting to follow from 1 Jan 2022 Greece’s Ministry of Finance and Greek tax office, AADE, started the voluntary the rollout of its VAT
Fifth of the six Gulf states to implement VAT The Arab Gulf state of Kuwait is considering a plan to implement Value Added Tax (excise duties 2022) on 1 January
Electronic services by non-residents come into VAT net Kazakhstan has made foreign providers and marketplaces for digital or electronic services liable to Value Added Tax collection obligations from 1 January
Another Canadian province imposes Provincial Sales Tax on non-resident providers The Canadian province of Manitoba is to levy 7% Provincial Sales Tax (PST) on streaming media (video and music) and
Banks and other financial institution may opt for B2B VAT on certain activities Poland is to take up the EU VAT Directive option to allow businesses to charge VAT on
Grand plan may now fall to side as VAT in the Digital Age reforms progress The proposed grand solution to tackle over €50billion in EU VAT fraud, the Definitive VAT
Full Egyptian B2B invoicing by April 2023 The Egyptian Tax Authority (ETA) has been phasing in its mandatory electronic invoicing regime, starting 15 November 2020 with over 100 large (‘senior’)
VAT saving opportunities for banks, credit and securities businesses The French 2022 finance bill includes a proposal to ease the terms under which financial services business may opt for taxation
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