Revenue Agency gives extra 12 months for platforms to prepare The Canadian Revenue Agency has delayed until 2023 the due date for the first annual report from digital marketplaces on third party transactions subject to Goods and Services Tax and Harmonised Sales Tax (GST +
Tax on content creators including gig economy The New Zealand Inland Revenue has issued an Interpretation Statement on the Goods and Services Tax and income tax liabilities of online content creators for payments, consideration, merchandise sales, donations or gifts, prize winning and other remuneration received.
Federal government extends Goods and Services Tax net to foreign e-services The federal government of Canada has imposed 5% Goods & Services Tax obligations on foreign providers digital or electronic services to its consumers. This came into effect from 1 July 2021. This will affect
Higher recent tax take gives green light for simplification of GST With India’s Goods and Services Tax fast approaching its July 2022 fifth anniversary, draft proposals are being drawn up for review by the supervising GST Council. These would aim to reduce the number of
India introduced mandatory B2B government pre-clearance electronic invoicing from 1 October 2020, completing the phased implementation by 1 April 2021. The latest Indian e-invoice threshold is ₹20 crore since April 2022 but will drop to ₹10 crore in October 2022. There are plans with the
Australia is proposing to require gig & sharing electronic marketplaces and platforms report on their third-party Goods and Services (GST) transactions and payments. The draft legislation was passed by the House of Representatives on 18 October 2021. This follows similar requirements in Europe, including the
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
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 aim of these measures would be to reduce the VAT leakage in the least administratively
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 online house or flat sharing services. This will include platforms that provide these services. The
Extra six days GST filing and remittance delay The New Zealand Inland Revenue has extended the filing dates and remittances due for September month filers and August and September bi-monthly filers of Goods and Services Tax (GST). The new deadline in both cases is 4
