The European group of finance ministers, Economic and Financial Affairs Council (ECOFIN), reported to the European Council on progress of various EU VAT reforms. This came on 3 June 2021. Follow all the European Union’s completed and planned reforms via VAT Calc’s EU VAT reform
The rules for the liabilities on e-commerce sales for non-resident sellers via ‘distribution platforms’ change from 1 July 2021. If the foreign seller only sales its Canadian-located stocks to consumer via a distribution platform, then the platform takes on the federal Goods and Services (GST)
The Organisation for Economic Cooperation and Development has issued model gig and sharing economy tax reporting guidelines. This framework aims to provide clarity and consistence between global tax authorities on the data they require to help monitor the activities of sellers or users of the
The Portuguese Autoridade Tributária e Aduaneira tax office has extended the application of the Value Added Tax domestic reverse charge for non-resident businesses and B2B supplies of goods or services. This significantly reduces the use cases where foreign suppliers have to charge Portuguese VAT –
The Brazilian National Congress is to progress the merger of its PIS and COFINS federal taxes under Bill No. 3,887/2020, National Congress. This seeks to introduce the first major simplification of possible the world’s most complex indirect tax regime. UPDATE 2022: Brazil VAT reform gets
The Brazilian Supreme Court has confirmed the exclusion of ICMS tax from PIS and COFINS calculations. The Court confirmed that the state ICMS should be excluded from the tax base for calculating the federal PIS and COFIN on invoices. The ruling has made clear taxpayers
Italy is to loosen the requirements on taxpayers to reclaim output VAT on invoices which have subsequently not been paid by customers – bad debts. Currently, taxpayers may only reclaim VAT paid on bad debts once their customer has been declared bankrupt by the Italian
Following the implementation of Oman VAT on 16th April 2021, the second wave of businesses should be registering. The first phase of companies, with taxable supplies in excess of OMR 1million per annum should have now completed their registrations which would have gone live on
The US state of Missouri is considering bringing non-resident taxpayers into the state sales tax net from 2023. A draft bill passed by the House and Senate on 14 May 2021 would levy out-of-state taxing obligations where a seller or facilitating marketplace has sales above
Hungary has exempted (no penalties) foreign e-commerce sellers from the April 2021 obligation to submit B2C live invoices via the RTIR real-time reporting system. This is provided they opt to use the upcoming OSS return, part of the 2021 EU ecommerce package reforms effective 1
