Imposition on digital platforms Goods & Services Tax 1 April 2024 on ride and accommodation sharing New Zealand has imposed on gig & sharing economies platforms GST collections obligations from 1 April 2024. This shifts the indirect tax requirements from the accommodation and transportation service providers
India delays consolidation of 12% and 5% Goods and Services Tax rates India’s 2024 Finance Bill has put an end to speculation of a 2024 simplification of the Goods & Services Tax (GST) rates. The Bill, which is now in the Lower House of parliament,
Delayed: B2B e-invoicing with e-way bill issuance requirement On 11 January 2024, the National Informatics Centre confirmed postponing plans to require e-invoicing-mandated taxpayers to generate e-way bills with e-invoice details. The plan was to start the obligation from 1 March 2024. E-way with e-invoice checks
Further 3% rise in standard rate following 2022 increase to 15% Sri Lanka’s cabinet has approved a 3% VAT rise from 15% to 18%. This will come into effect from 1 January 2024. This increase is to help ensure government reaches revenue targets and secures
Third attempt at introduction of Goods and Services Tax fails The Channel Island of Guernsey’s Policy and Resources Committee (PRC) has failed again on its planned introduction of a 5% Goods & Services tax. This was the third attempt. Aside from GST, the PRC is
Longstanding Oct 2023 VAT rise shelved; Oct 2024 potential next date The Thai Ministry of Finance confirmed on 28 August 2023 that the scheduled rise in VAT from 7% to 10% will not go ahead on 1 October 2023. VAT was cut from 10% to
Online sellers and electronic interfaces to charge GST once over registration threshold from 1 July 2023 The Channel Islands territory of Jersey will impose Goods and Services Tax collections and reporting obligations on non-resident e-commerce sellers from 1 July 2023. There will be a compulsory
GST Network delays 7-day e-invoice upload deadline from May to August 2023 The GST Network (GSTN) has postponed by three months a new seven day deadline for e-invoice uploads o the Invoice Registration Portal (IRP). Instead of 1 May, this obligation will now come into
