marketplaces - vatcalc.com

EU publishes details of DAC7 2023 digital platform reporting obligations

24/06/2022 in

DAC 7

Technical framework for exchange of marketplace transaction data exchanges to help tax authorities detect VAT fraud The European Commission has issued consultation details of technical data requirements for the Directive on Administration Cooperation DAC 7 which comes into force in January 2023. This seeks to

EU VAT in the Digital Age reforms update

20/06/2022 in

Reform conclusions expected October 2022: Single VAT registration in the EU; Digital Reporting Requirements; and Digital Platforms and VAT With public consultations completed and VAT Expert Group review progressed, the European Commission is set to conclude shortly on options for three strands of reforms to

EU DAC 7 marketplaces’ seller transaction reporting Jan 2023 update

05/06/2022 in

DAC 7

EU member states adopting harmonised tax data requests for marketplaces; efficient exchange of data between tax authorities – first reports due 2024 for transactions in 2023 Adoption of Directive on Administration Cooperation (DAC 7) is underway across the EU states. The following countries have already

Uganda VAT on foreign digital services – new portal

08/05/2022 in

digital services

Non-resident e-service providers provided with new registration and returns portal Foreign providers may now use the Uganda Revenue Authority‘s new online portal to register and report quarterly VAT returns. This includes first applying for a Tax Identification Number with the URA. The option to appoint

EU VAT Treatment of Platform Economy update – VAT in the Digital Age

18/04/2022 in

DAC 7

VAT reforms – platforms; gig and sharing economies; full deemed supplier liablity? As part of the VAT in the Digital Age review of the impact and best policies for indirect tax reforms, the European Commission is reviewing ‘VAT Treatment of the Platform Economy’. This includes

EU Payment service providers’ seller 2024 VAT reporting – regulation adopted

07/04/2022 in

PSP’s – credit card, bank and online payment providers – to supply e-commerce payment details to shared EU CESOP database The European Commission (EC) on 6 April 2022 has adopted the implementing regulation for imposing reporting and bookkeeping requirements on payment services providers (PSP’s) for their

Vietnam VAT on digital services update

07/04/2022 in

digital services

Ministry of Finance launches new non-resident VAT portal The Ministry of Finance launched in March 2022 a new English-language online tax portal for foreign providers of digital services to Vietnamese consumers. The ‘General Department of Taxation of Vietnam for Foreign Providers’ portal will enable foreign

VAT in the Digital Age reforms public consultation launched

21/03/2022 in

European Commission call for evidence and public consultation on 3 reforms to EU VAT The European Commission is inviting feedback on three proposed reforms to improve the efficiency, fairness and tax collections of the 27-member state VAT regime : Separate reforms to OSS and IOSS were

Paraguay VAT and DST on foreign digital services

20/03/2022 in

digital services

Paraguay extended its Withholding VAT regime to non-resident digital or electronic services provider to consumers from 1 January 2021. It applies to both B2B and B2C transactions. In addition, a further 4.5% INR withholding tax (similar to Digital Services Tax) was introduced. The current VAT

Kuwait VAT on foreign digital services Jan 2023?

11/03/2022 in

digital services

Gulf state likely to launch VAT regime 2023, including obligations for non-resident service providers and marketplaces Kuwait’s 2023 VAT implementation potential plan means that non-resident providers of telecommunications, broadcast and digital or electronic services can expect to be obliged to VAT register and charge 5%

Tag: marketplaces