France plans to introduce the concept of a VAT Group from 1 January 2023. This provides the option for related companies to form a single VAT person, with just 1 VAT registration, and eliminate the cash flow drain of VAT payments on intra-group invoices. Limited
Withdrawal of Value Added Tax exemption on imports below $75 Israel is set to follow many countries be implementing VAT on low-value goods consignments sold to its consumers from 1 January 2022 at the earliest per the much-delayed 2021/22 budget from the Finance Ministry. Any
Non-resident sellers and marketplaces liable to VAT obligations on e-services 2022 Ukraine is to impose on non-resident providers of digital services to its consumers the obligation to VAT register from 1 January 2022. There will be a VAT registration threshold of UAH 1million (approximately €35,000),
Two new data requirements on country of origin and the recipient introduced from 1 January 2022 The EU’s reporting regime for the movement of goods between member states, Intrastat, is being updated on 1 January 2022. This will require the capture and reporting of extra
Tanzania has implemented its Value Added Tax regime on digital and electronic services since July 2015. However, foreign providers or marketplaces supplying consumers are not able to VAT register. For B2B supplies, there should be a self-assessment raised. There are no special rules for the
Malaysia has extended the exemption from 5% Service Tax for hotels and overnight accommodation. The existing temporary cut was due to expire on 1 July 2021. It will now apply to 31 December 2021. The reduction to 31 December 2021 applies to renting premises. Any
Updated rules post-Brexit for non-resident providers of electronic services to UK consumers The UK introduced Value Added Tax obligations on foreign providers and marketplaces of electronic or digital services to consumers from 1 January 2015. This was part of the EU’s Mini One-Stop Shop MOSS
Ecuador has withdrawn the option to use withholding VAT on digital services purchased via non-resident marketplaces or payment aggregators. This updates the 16 September 2020 introduction of indirect taxes on non-resident providers. Previously, if a marketplace or payment aggregators did not manage the VAT due,
Delayed electronic invoicing gets 2022 go-ahead Vietnam General Department of Taxation (GDT) is planning to implement mandatory pre-clearance e-invoicing from 1 July 2022. It has already been delayed from 1 November 2020 due to the COVID-19 crisis. Business can opt to switch now to the
6-month VAT rate cut to help soften inflation Cyprus is the latest EU state to cut electricity VAT rates. It will move domestic supplies of electricity from the standard VAT rate of 19% to the reduced rate of 9%. This will initially be for a
