low-value consignment relief

Singapore – Jan 2023 B2C 8% GST on low-value goods and non-digital services

09/09/2022 in

digital services

Extension of GST from digital services to low-value consignments and traditional services provided by Overseas Vendors Non-resident providers (‘Overseas Vendors) of low-values goods and non-digital services to Singaporean consumers will be liable to charge, collect and remit Goods and Services Tax from 1 January 2023.

Singapore ends GST exemption on e-commerce 2023

30/03/2022 in

e-commerce

Low-value SG$400 consignment stock relief GST exemption scrapped; traditional services B2C also liable Singapore Gazetted this month its Goods and Services Tax (Amendment) Act 2021. This will withdraw the current SG$ 400 threshold on Goods & Services e-commerce B2C imports from 1 January 2023. This does not

EU e-commerce package IOSS raises €2bn in first 6 months

15/03/2022 in

E-commerce package

Withdrawal of €22 low value consignment exemption and new IOSS return success; 8,000+ IOSS registrations; Council backs VAT in the Digital Age further reforms The European Commission has confirmed that EU member states have collected €1.9 billion between July and December 2021, the first six

Vietnam reconsiders low-value consignment VAT exemption

23/09/2021 in

e-commerce

Vietnam is considering restricting its VND 1million (approx €37 or $44) low value consignment relief. This exempts from VAT parcels imported from Vietnam destined for consumers. The current VAT rate in Vietnam is 10%. The Ministry of Finance is concerned in the explosion in foreign

UK e-commerce overseas £135 goods import VAT and marketplace changes 1 Jan 2021

01/01/2021 in

EU VAT e-commerce package

The UK has implemented its e-commerce VAT reforms for online sellers and marketplaces (OMP) on 1 January 2021. This changes the rules on import VAT for e-commerce, and makes marketplaces liable for the UK VAT obligations of their third-party sellers. This will mean UK VAT

New Zealand GST foreign B2C low-value goods

11/11/2019 in

e-commerce

From 1 December 2019, New Zealand is imposing its Goods and Services Tax (GST) on imported sales of goods not exceeding NZD 1,000 to its consumers. For any foreign seller or marketplaces making such e-commerce sales to New Zealand consumers there is a GST registration

Australia withdraws import GST exemption; tax due at checkout by foreign sellers and marketplaces

01/07/2018 in

Australia

On 1 July 2018, Australia ended the import Goods and Services Tax exemption for small-value parcels. Import GST will instead have to be charged in the online checkout for any imported sales to consumers not exceeding AUD 1,000. For foreign sellers or facilitating marketplaces, this

Tag: low-value consignment relief

Singapore – Jan 2023 B2C 8% GST on low-value goods and non-digital services

Singapore ends GST exemption on e-commerce 2023

EU e-commerce package IOSS raises €2bn in first 6 months

Vietnam reconsiders low-value consignment VAT exemption

UK e-commerce overseas £135 goods import VAT and marketplace changes 1 Jan 2021

New Zealand GST foreign B2C low-value goods

Australia withdraws import GST exemption; tax due at checkout by foreign sellers and marketplaces

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