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
European Commission VAT reforms public consultation extended 20 days The EC has stretched out the public consultation deadline of its VAT in the Digital reforms from 15 April to 5 May 2022. The public call for evidence phased completed on 17 February. The consultation seeks
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%
Barbados implemented its Value Added Tax on non-resident providers of digital services (and goods bought online from abroad) in December 2019. There is no guidance on the position of marketplaces and their shared liabilities. Follow VAT Calc’s global VAT and GST on digital services tracker for live
Upgrade to 4.0 CFDI mandatory July 2022 The latest version of CFDI e-invoicing system becomes mandatory 1 July 2022 following its optional launch on 1 January 2022. 4.0 changes include: Export information requirements Reporting linked invoices Reversal of invoices reported. Mexico’s Servicio de Administración Tributaria, ‘SAT’
Spain to add live B2B e-invoices to existing SII real-time reporting; rollout between 2024 and 2026; legal obligation on ERP and billing system vendors to offer compliant systems A technical specification Bill launching mandatory B2B e-invoices, with government pre-clearance with AEAT, the state tax agency,
Caribbean state consults on levying VAT on e-services from non-resident providers and marketplaces The Caribbean state of the Dominican Repulic is consulting on imposing Value Added Tax on foreign digital or electronic service providers. It would join over 90 other countries that have followed the
Dutch Caribbean dependancy joins Value Added Tax club in exchange for COVID-19 funding The Caribbean island of Aruba is to introduce a Value Added Tax at 12.5% from January 2023. This will replace the existing 6% combined Turnover Tax (BBO) and Health Tax (BAZV). This
Threshold on electronic reporting of e-invoices cut ahead of live reporting South Korea’s near real-time e-invoicing regime will be made mandatory for a larger group of companies as it cuts the reporting threshold from KRW 300m to KRW 200m from 1 July 2022. Plans for
Kyrgyz Republic confirms non-residents subject to VAT obligations Kyrgyzstan has confirmed the obligation for non-resident providers of digital services that they are responsible for Value Added Tax obligations. This is separate from the new Kyrgyz 2% Digital Services Tax on resident providers of digital and physical
