Pakistan has offered delays on Sales Tax and Federal Excise returns. This will cover the July 2021 taxable transactions. The new dates according to an ordnance issued on 13 August 2021 by the Federal Board of Revenue, Inland Revenue, are as follows: Filing of Sales
The UK’s HMRC has published draft proposal on gig and sharing economies marketplace reporting obligations for platform operators. These follow the OECD reporting model, aimed at harmonising transactional data requests on users, sellers and sharers operating in this new market. There will be a consultation
The Vietnamese Ministry of Finance has announced a range of fiscal measures to support the economy as the coronavirus pandemic continues. This includes a 30% reduction in the 10% standard rate to 7% for income from certain sectors most affected, including: tourism; public transport; hotel
Spain has gazetted its resolution to implement its 3% Digital Services Tax. This levies a charge on non-resident digital platforms for their income received in Spain on the sale of digital advertising and user data. VAT Calc’s global VAT and GST on digital services blog keeps a
VAT Advisor ends the pain If you are selling cross-border goods or services – traditional or digital – you’ve got international VAT / GST questions: Who should pay how much tax, and in which country? What tax laws, EU VAT Directive or other global rules
The Fijian budget for 2020/21 includes a number of Value Added Tax measures. These changes will come into effect on 1 August 2020. These include: Withdrawal of the 6% services Turnover Tax Due to the ongoing COVID-19 crisis, the new Monitoring System has been delayed
Marketplaces face new turnover tax to level playing field for domestic e-retailers and high streets Vietnam has announced a 1.5% on the income of non-resident marketplaces from their income on sales to Vietnamese consumers. The aim is to level the playing field for local online
Greece is to join the majority of EU member states and switch electronic books and publications from the 24% standard VAT rate to its 6% reduced rate. The changes is now confirmed fro 18 July 2021 gazette. EU harmonises e-books and journals VAT rates 2018
Portugal has confirmed further delays to Value Added Tax deadlines in recognition of the continued disruption from the COVID-19 health and economic crisis. The usual annual 2020 VAT return (IES) has been delayed until 22 July 2021. Ordinarily, it would have been due by 15
UPDATE: 19 August 2021: this measure has been suspended due to the ongoing effects of the COVID-19 pandemic. The Philippines has introduced from 27 June 2021 a new 12% Value Added Tax (VAT) on certain exports. Previously, exports on the affected transactions were zero-rated with
