Harmonised tax data requests for marketplaces; efficient exchange of data between tax authorities – first reports due 2024 for transactions in 2023 Directive on Administration Cooperation (DAC 7) has been approved by the EU Council. The new digital platform seller rules will come into effect
Quick response codes and ATUD invoice ID Portugal is set impose invoice QR Code and ATCUD unique invoice ID’s from 1 January 2023 for ATCUD – a delay from the last deadline of 1 Jan 2022. This follows several delays mainly due to the COVID-19
Tax authorities have long eyed marketplaces with frustration arising from these marketplaces having helped to create the huge gig and sharing sectors. However, this frustration is mixed with the tax authorities’ relish for the opportunity to co-opt the marketplaces as unpaid tax collectors. This blog is
Argentina’s tax authority, AFIP – Federal Administration of Public Taxes, completed the mandatory imposition of eFactura in July 2019. E-invoices had first been introduced in 2003 on a voluntary basis. QR codes on e-invoices were imposed in the first half of 2021. You can keep up-to-date
Coalition partners include digital reporting and no VAT hikes in negotiations Following the inconclusive German government elections, the SPD, Free Democratic Party (FDP) and Green Party have drawn-up a range of tax policies for their potential coalition. This includes digital reporting of transactions – an
Pakistan has imposed a 2% withholding sales tax on marketplaces’ third-party sales. This came into effect on 1 September 2021 according to the Pakistani Federal Board of Revenue Ordinance No. XXII of 2021. Pakistan requires providers of B2B digital services to charge sales tax as well
The gig and sharing economies, powered by online marketplaces, have freed millions of individuals to offer their labour and underutilised assets to businesses and consumers across the world. Mastercard has estimated that the two economies will double in value from US$204 billion in 2018 to
Real-time invoice reporting phased to pre-filled VAT returns plans suspended Hungary first introduced live invoice reporting in July 2018 for B2B transactions above HUF 100,000. The regime has since been extended to all transactions – B2C consumer (April 2021) and the threshold withdrawn (June 2020).
There is an array of more practical VAT measures that are in place, or could be explored, to resolve the VAT issues around the gig and sharing economies. The shared aim of these measures would be to reduce the VAT leakage in the least administratively
Guatemala to adopt Brazilian and Chilean platform for non-resident digital service providers The Guatemalan Superintendency of Tax Administration (SAT) has proposed a voluntary regime for non-resident providers and marketplaces for digital services to register and report Value Added Tax. The current standard VAT rate is
