The UK’s HMRC has published draft proposal on gig and sharing economies marketplace reporting obligations for platform operators. These follow the OECD reporting model, aimed at harmonising transactional data requests on users, sellers and sharers operating in this new market. There will be a consultation
The Vietnamese Ministry of Finance has announced a range of fiscal measures to support the economy as the coronavirus pandemic continues. This includes a 30% reduction in the 10% standard rate to 7% for income from certain sectors most affected, including: tourism; public transport; hotel
Spain has gazetted its resolution to implement its 3% Digital Services Tax. This levies a charge on non-resident digital platforms for their income received in Spain on the sale of digital advertising and user data. VAT Calc’s global VAT and GST on digital services blog keeps a
The introduction on 1 July 2021 of the new Import One-Stop Shop IOSS is helping thousands of sellers report sales VAT on their sales of imported consignments not exceeding €150. But deemed supplier marketplaces or ‘electronic interfaces’ may also opt to use them too. Register
May 2023 update: The EC has proposed ending the €150 VAT threshold on consignment stocks from March 2028. On 1 July 2021, the EU e-commerce package introduced the obligation to charge sales VAT at the point-of-sale on sales of goods consignments with an intrinsic value
Portugal has further delayed monthly and quarterly VAT returns in recognition of the COVID-19 health and economic crisis. The changes to returns’ filing deadlines covering transactions in July to October 2021 are as follows: July return – due 25th September (instead of 20th) August return
VAT Advisor ends the pain If you are selling cross-border goods or services – traditional or digital – you’ve got international VAT / GST questions: Who should pay how much tax, and in which country? What tax laws, EU VAT Directive or other global rules
The European Union member states have adopted changes to the data sharing rules to facilitate fraud detection around the new IOSS import VAT scheme which was implemented as part of the EU e-commerce VAT package on 1 July 2021. IOSS exempts consignments not exceeding €150
The Belarussian President has reversed on 1 August 2021 a rise in the VAT rate on certain foodstuffs from 10% to the standard VAT rate. The current VAT rate in Belarus is 20%. The goods affected include vegetables, nuts, children’s beverages. They had been shifted
