Withdrawal of Value Added Tax exemption on imports below $75 Israel is set to follow many countries be implementing VAT on low-value goods consignments sold to its consumers from 1 January 2022 at the earliest per the much-delayed 2021/22 budget from the Finance Ministry. Any
Online sellers and electronic interfaces to charge GST once over registration threshold The Channel Islands territory of Jersey will impose Goods and Services Tax collections and reporting obligations on non-resident e-commerce sellers from 1 January 2023. There will be a compulsory registration threshold of GBP
New budget promises extension of SST across e-commerce In the 2022 National Budget, published on 29 October 2021, Malaysia extended its 6% Service Tax to delivery services. Secondly, it will require sellers of imported goods not exceeding RM500 to charge 10% Sales Tax at the
Pakistan has imposed a 2% withholding sales tax on marketplaces’ third-party sales. This came into effect on 1 September 2021 according to the Pakistani Federal Board of Revenue Ordinance No. XXII of 2021. Pakistan requires providers of B2B digital services to charge sales tax as well
Online sellers mandated for e-invoicing Egypt e-invoicing, phased in starting in 2020, is to be extended to e-commerce goods and services from 15 September 2021. This coincides with the second-stage rollout of Egypt’s live electronic reporting regime, which began in November 2020 with large taxpayers.
Marketplaces face new turnover tax to level playing field for domestic e-retailers and high streets Vietnam has announced a 1.5% on the income of non-resident marketplaces from their income on sales to Vietnamese consumers. The aim is to level the playing field for local online
The rules for the liabilities on e-commerce sales for non-resident sellers via ‘distribution platforms’ change from 1 July 2021. If the foreign seller only sales its Canadian-located stocks to consumer via a distribution platform, then the platform takes on the federal Goods and Services (GST)
The UK’s changes of e-commerce VAT rules on the 1 January 2021 made online UK and non-UK marketplaces (OMP’s) liable for certain seller transactions. HMRC also set basic record-keeping obligations for the marketplaces. The EU e-commerce VAT package , scheduled for 1 July 2021, uses similar rules.
‘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 Integrated Goods and Services Tax (‘IGST’ or ‘GST) from 1 July 2017. There is a
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 October 2020, marketplaces now have to register as withholding agents and deduct 1% of the
