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.
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
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
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
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 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
The Fijian budget for 2020/21 includes a number of Value Added Tax measures. These changes will come into effect on 1 August 2020. These include: Withdrawal of the 6% services
OECD agreement by almost 140 countries on reforms puts EU DST on pause The EU’s European Commission has announced that it will pause its Digital Levy, a proposed Digital Services
Marketplaces face new turnover tax to level playing field for domestic e-retailers and high streets Vietnam has announced a 1.5% on the income of non-resident marketplaces from their income on
Poland is set to implement a range of compliance simplifications as part of its simple, local and modern (‘SLIM’) VAT initiative. Poland’s SLIM VAT phase 1 was introduced at the
Greece is to join the majority of EU member states and switch electronic books and publications from the 24% standard VAT rate to its 6% reduced rate. The changes is
The UK’s HMRC has this week written to over 160,000 businesses that imported goods into the UK from the EU under the Brexit deferred import customs declaration scheme. These businesses
The EU e-commerce VAT package introduced the requirement for non-EU sellers or marketplaces using the new import scheme – IOSS Import One-Stop Shop – to appoint an EU resident Intermediary.
Portugal has confirmed further delays to Value Added Tax deadlines in recognition of the continued disruption from the COVID-19 health and economic crisis. The usual annual 2020 VAT return (IES)
India celebrated the fourth anniversary 2017 implementation of Goods & Services Tax this month. It has proved a huge milestone in providing a business-friendly tax system which held back many
UPDATE: 19 August 2021: this measure has been suspended due to the ongoing effects of the COVID-19 pandemic. The Philippines has introduced from 27 June 2021 a new 12% Value
Italy has extended the June payment deadline of VAT liabilities until 20 July 2021. The original deadline was 30 June 2021. Most VAT payers in Italy report quarterly. But payments for
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