Richard Asquith - vatcalc.com

Swiss VAT deemed supplier platform liabilities; voluntary annual VAT return & payments

13 October 2021 in

deemed supplier

The Swiss Federal Council has issued several proposals to the Parliament to broaden the VAT rules on foreign e-commerce platforms via the deemed supplier, and introduce a voluntary annual VAT return with instalment payments. Lastly, there is also a proposal to effectively withdraw the Fiscal

Ireland extends hospitality and tourism 9% VAT till 31 August 2022

12 October 2021 in

Prolonged COVID-19 crisis results in extended VAT support The Irish government confirmed in today’s budget that is has extended the 9% reduced Value Added Tax rate on hospitality and tourism rate until 31 August 2022. This reflects the tentative opening-up of the key tourism sector following

Indonesia VAT rise from 10% to 11% April 2022; 12% by 2025

12 October 2021 in

COVID-19

The Indonesian government has agreed with Parliament – voted on 7 October 2021 – a draft budget including a Value Added Tax standard rate increase from 10% to 11% from 1 April 2022. It will then rise to 12% by 2025. The House of Representatives

Italy to simplify reduced VAT rates

12 October 2021 in

EU VAT

Reducing VAT complexity and fraud The Italian Council of Minister has confirmed proposals to simplify the Italian tax regime by Draghi-Franco reforms, including simplifying the use of reduced VAT rates. The aim is to streamline the number of supplies of goods or services which can

EU Transaction Based Reporting TBR VAT options

12 October 2021 in

e-invoices

EC seeks to harmonise live transaction reporting – 3 alternatives The European Commission (EC) is undertaking a review to introduce harmonised Transaction Based Reporting (TBR) across the 27 member states, which includes potentially e-invoicing. This is part of the VAT in the Digital Age, reforms

India 5% GST extension to ride sharing and food delivery platforms Jan 2022

2 October 2021 in

Gig and sharing economies

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

Netherlands ends COVID-19 measures 1 Oct 2021

1 October 2021 in

COVID-19

VAT subsidies withdrawn as pandemic eases The Netherlands has reaffirmed that many coronavirus pandemic support reliefs will be withdrawn on 1 October 2021. To receive our free global VAT and GST news updates, sign-up here. This includes: The ending of the VAT payment deferral option Zero-rating

Italy warned by EU for failing on VAT 4 Quick Fixes

23 September 2021 in

European Commission

Italy fails to fully implement VAT EU reforms In its monthly listing of EU law infringements, the European Commission has called out Italy for failing to fully implement the 2020 VAT Four Quick Fixes. The four reforms were intended to harmonise and simplify the B2B

Greece myDATA and VAT cash register deadline

22 September 2021 in

certified cash register

The Greek Ministry of Finance has provided updates on filing deadlines for the new myDATA e-books and e-invoices, plus the certified cash registers. The introduction of the new transactional reporting of income and purchases has been voluntary since October 2020, and was due to go

US West Virginia sales tax digital streaming services

21 September 2021 in

digital services

The US state of West Virginia has confirmed that streaming media services are liable to sales and use tax. However, other digital services remain exempted from the taxes. There is ambiguity on US sales tax on digital services which are sometimes overlooked in states. Around

Author: Richard Asquith

Swiss VAT deemed supplier platform liabilities; voluntary annual VAT return & payments

Ireland extends hospitality and tourism 9% VAT till 31 August 2022

Indonesia VAT rise from 10% to 11% April 2022; 12% by 2025

Italy to simplify reduced VAT rates

EU Transaction Based Reporting TBR VAT options

Netherlands ends COVID-19 measures 1 Oct 2021

Italy warned by EU for failing on VAT 4 Quick Fixes

Greece myDATA and VAT cash register deadline

US West Virginia sales tax digital streaming services

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