Portugal’s Autoridade Tributária e Aduaneira (AT) is to make compulsory the production of a Portuguese Standard Audit File for Tax (SAF-T) Accounting file added to the existing Invoice SAF-T PT requirements. This will come into effect from 1 January 2022 for resident businesses. The Accounting file is
Spain to add live B2B e-invoices to existing SII real-time reporting; rollout between 2023 and 2025 The Spanish government’s Council of Ministers has approved on 30 November 2021 a law (‘Crea y Crece‘ Recovery, Transformation and Resilience Plan) mandating electronic invoice issuing and receiving by
From 1 January 2022, retailers subject to the 2019 internet-linked cash register transaction reporting – registratore telematico – face new obligations. This applied to all retailers, resident and non-resident, with a turnover above €400,000 per annum. The new requirement oblige eligible retailers to upgrade their
The internet, and major online marketplaces, have enabled businesses and people to buy and sell goods and services on a hugely expanding scale in the past five years. The EU Commission estimates online e-commerce is worth €550 billion per annum. This blog is part of series from
Tax authorities have long eyed marketplaces with frustration arising from these marketplaces having helped to create the huge gig and sharing sectors. However, this frustration is mixed with the tax authorities’ relish for the opportunity to co-opt the marketplaces as unpaid tax collectors. This blog is
Pakistan has imposed a 1% withholding sales tax on marketplaces’ third-party sales. This came into effect on 1 September 2021 according to the Pakistani Federal Board of Revenue Ordinance No. XXII of 2021. Pakistan requires providers of B2B digital services to charge sales tax as well
The gig and sharing economies, powered by online marketplaces, have freed millions of individuals to offer their labour and underutilised assets to businesses and consumers across the world. Mastercard has estimated that the two economies will double in value from US$204 billion in 2018 to
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
Guatemala to adopt Brazilian and Chilean platform for non-resident digital service providers The Guatemalan Superintendency of Tax Administration (SAT) has proposed a voluntary regime for non-resident providers and marketplaces for digital services to register and report Value Added Tax. The current standard VAT rate is
Additional non-residents required to register for VAT on electronic services The Indonesian Directorate General of Tax has co-opted a further ten new non-resident providers of digital services to tax on the role of VAT collector. In a communique, it confirmed the following for the latest
