Richard Asquith - vatcalc.com

UK continues to explore VAT split payments on foreign e-commerce

1 December 2021 in

Split payments

Ongoing evaluation of withholding VAT on non-resident sellers The UK government has recommitted to exploring VAT split payments by payment service providers on ecommerce trade between UK consumers and non-resident sellers. This came in yesterday’s Treasury Command Paper on tax administration and maintenance. Many challenges

EU VAT in the Digital Age reforms update

1 December 2021 in

3 reforms: e-invoicing and digital reporting requirements (DRR); platform gig & sharing economies and e-commerce; and Single EU registration number – extension of OSS to all B2C and certain B2B The European Commission (EC) will shortly be initiating the next rounds of its ‘VAT in

Slovakia aims to cut restaurant VAT

1 December 2021 in

Reduced VAT rates

Most Central EU states now offer reduced VAT on cafes, restaurants and catering As part of its ‘Tax Revolution’ set of reforms announced earlier this month, the Slovakian government is aiming to reduce the Value Added Tax rate on rest and catering services. The Ministry

Switzerland VAT on digital services – non-residents

30 November 2021 in

digital services

Switzerland imposed Value Added Tax on digital or electronic services in 2010. There is a global income VAT registration threshold of CHF100,000. At VAT Calc, we track global VAT and GST on digital services to follow which countries are implementing their VAT or GST on non-resident

India GST reform proposal near completion

30 November 2021 in

Goods and Services Tax

Higher recent tax take gives green light for simplification of GST With India’s Goods and Services Tax fast approaching its July 2022 fifth anniversary, draft proposals are being drawn up for review by the supervising GST Council. These would aim to reduce the number of

Indonesia adds to digital service provider VAT list

30 November 2021 in

e-services

The Indonesian Directorate General of Taxes has added a further two foreign entities to the VAT on digital services Trading Through the Electronic System scheme. This takes the total to 83 non-resident providers of digital or e-services to Indonesian consumers. So far, the DG has

EU reduced VAT rate freedoms for 2022 – progress update

29 November 2021 in

EU VAT

Finance Ministers set to review finalised compromise text on reduced VAT rate freedoms at next week’s December ECOFIN meeting. July 2022 implementation still open Last week, VAT experts met to discuss a final compromise draft on giving EU member states more freedoms around setting reduced VAT

Iceland VAT on digital services by non-residents

29 November 2021 in

digital services

Iceland introduced Value Added Tax collections obligations on foreign providers of digital or electronic services in November 2011. The standard VAT rate is 24%, although e-books and music enjoy the reduced rate of 11%. There is a VAT registration threshold of ISK 2 million for

Greece extends temporary reduced VAT until June 2022

29 November 2021 in

COVID-19

COVID-19 forces further prolongation of reduced VAT rates on key supplies Greece has announced a further extension of the temporary cut in the reduced Value Added Tax rate on certain goods from 24% to 13%. The rate will now not return to normal until 30

Belarus VAT on digital services

27 November 2021 in

The east European state of Belarus imposed Value Added Tax on foreign supplies of digital or electronic services to its consumers from 1 January 2018. This requires non-resident providers to register with the tax office immediately as there is not registration threshold. There is no

Author: Richard Asquith

UK continues to explore VAT split payments on foreign e-commerce

EU VAT in the Digital Age reforms update

Slovakia aims to cut restaurant VAT

Switzerland VAT on digital services – non-residents

India GST reform proposal near completion

Indonesia adds to digital service provider VAT list

EU reduced VAT rate freedoms for 2022 – progress update

Iceland VAT on digital services by non-residents

Greece extends temporary reduced VAT until June 2022

Belarus VAT on digital services

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