Richard Asquith - vatcalc.com

EU VAT liabilities on cryptocurrencies and NFT platforms

1 November 2022 in

Bitcoin

Platforms as undisclosed agents hold VAT bill on certain tokens and NFT's Crypto-assets are similar to digital services for VAT, meaning digital intermediaries and marketplaces are generally liable where they facilitate the sale and control terms, delivery and charging. There is some variation where the

Global VAT changes November 2022

1 November 2022 in

Goods and Services Tax

Major global Value Added Tax & Goods and Services Tax changes from 1 November 2022 Sign-up to our free VAT newsletter Or check global VAT rates in over 300 jurisdictions here Future global VAT / GST changes Date Country VAT / GST changes (click for details)

EAEU zone agrees digital services VAT on location of consumer

27 October 2022 in

digital services

Eurasian Economic Union to switch place of taxation to country of the consumer from 1 January 2024 The members of EAEU have agreed to transition the place of taxation on cross-border digital services to the country of residence of the consumer. At present, VAT is

Costa Rica imposes 13% VAT on home sharing platforms Nov 2022

26 October 2022 in

Costa Rica

Directorate General of Taxation extends VAT to Airbnb, HomeAway, and Vrbo Costa Rica is extending the definition of e-services to digital platforms or intermediaries for home sharing sites. This includes Arbnb, HomeAway, and Vrbo. This will apply from 1 November 2022. Costa Rica VAT on

Singapore GST rise to 8% Jan 2023; 9% Jan 2024 – update

26 October 2022 in

Inflation

Parliament reviews bill to raise GST in two stages The Goods and Services Tax (Amendment) Bill passing two Goods & Services Tax rises to 9% is now with the Singapore parliament. In addition to the GST rate rise, it will also enact the reduction in

Ghana VAT on foreign digital services – update

25 October 2022 in

digital services

VAT (Amendement) Act 2022 updates regulations on non-resident e-commerce rules Confirms VAT on e-commerce No VAT registration threshold for non-residents VAT on foreign e-services providers since 2014 The West African country of Ghana imposed its Value Added Tax on non-resident providers of digital or electronic

UK consults on 2024 platform operators VAT regulations

24 October 2022 in

digital platforms

Proposed Due Diligence and Reporting Requirements on sellers The UK’s HMRC have opened a consultation on the proposed The Platform Operators (Due Diligence and Reporting Requirements) Regulations. This covers the requirements for operators on seller Due diligence, record-keeping and annual reporting obligations for VAT. It

VAT TV October 2022 news

20 October 2022 in

Goods and Services Tax

October 2022 news and views Sign-up to our VAT TV or our newsletter

France VAT B2B e-invoicing & B2C e-reporting July 2024 – new FAQ’s & deadlines

19 October 2022 in

e-invoice

18 Oct 2022: new FAQ's for France's July 2024 rollout of e-invoicing A new set of e-invoicing Frequently Asked Questions (FAQs) have been issued by the French General Directorate of Public Finance. These help businesses and PDP agents (Plateformes de dématérialisation partenaires) to prepare for the

Lithuania accommodation and catering services VAT cut to 9% till end 2023

19 October 2022 in

COVID-19

Hospitality and hotel services cut to 9% from 21% to be roll-over till 31 December 2023 The Lithuanian parliament is looking to extend the reduction in VAT on hotels, accommodation, restaurant and cafe services (excluding alcohol). VAT has been lowered on these from 21%. The

Author: Richard Asquith

EU VAT liabilities on cryptocurrencies and NFT platforms

Global VAT changes November 2022

EAEU zone agrees digital services VAT on location of consumer

Costa Rica imposes 13% VAT on home sharing platforms Nov 2022

Singapore GST rise to 8% Jan 2023; 9% Jan 2024 – update

Ghana VAT on foreign digital services – update

VAT TV October 2022 news

France VAT B2B e-invoicing & B2C e-reporting July 2024 – new FAQ’s & deadlines

Lithuania accommodation and catering services VAT cut to 9% till end 2023

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