Panama has again proposed imposing a Withhold VAT on payment providers processing payments to non-resident providers of digital services to consumers. This was due to come into effect on January 2020, but was delayed due to the COVID-19 crisis. The current VAT rate in Panama
Since 1 January 2019, non-resident providers of digital services to Russian VAT registered businesses will have to VAT register. This reverses the previous reverse charge simplification used almost everywhere else in the world. See what the rest of the world has down via VAT Calc’s global
The Indian Ocean Island state of Mauritius introduced legislation to impose its Value Added Tax on non-resident suppliers of digital or electronic services to consumers in 2020. There is a MUR 6million VAT registration threshold (approx €120,000) per annum. B2B transactions are zero-rated, allowing the
Sharing economy targeted for additional taxes The US state of New York is imposing a 2% tax on platforms facilitating peer-to-peer ride sharing. The tax will be levied on the gross fee for the ride share. This will become effective from 22 March 2022. Platforms
The European Commission’s Directorate-General for Taxation and Customs Union (DG TAXUD) experimenting with a payment tracking and blockchain technologies to help combat Value Added Tax fraud. Blockchain to combat EU VAT fraud The EC is looking at how shared ledger blockchain could be used to enhance the
E-tržby or EET certified VAT cash registers The Czech Republic (Czechia) has suspend the rollout of its online VAT cash registers until January 2023 due to the ongoing COVID-19 emergency. The implementation of certified registers E-tržby or EET commenced in 2019. It started with hotels
5% GST on gig and sharing economy platform aggregators 1 January 2022 The Indian Goods and Services Tax Council (GST council) has extended the GST net to providers and online platforms offering the following services on their own account or via third-party merchants on their
Content Creators and sellers targeted by Inland Revenue – new payment service providers obligations New Zealand’s Inland Revenue is shortly to be granted enhanced data collection rights – quarterly transaction data from payment providers in an effort to track and accurately assess Goods and Services
Russia is to exempt providers of catering services from Value Added Tax from 1 January 2024. This includes the following service groups: Restaurants Cafes Hotel (non-accommodation related) Canteens and refectories Sign-up for our free VAT & GST news updates The following requirements will have to
Guidance on transitional rules on Value Added Tax rise 1 January 2022 The Bahraini National Bureau for Revenue has issued implementation guidance for the rise on VAT from 5% to 10% from 1 January 2022. This covers when to switch VAT rate, time of supply
