Proposals to consolidate from 4 rates to 3 likely to go hold due to inflationary fears Long waited plans from the Goods and Services Tax Council to rationalise the GST rates from 4 to 3 slabs look certain to be delayed as inflation in April
Debt and inflation woes push reversal of 2019 VAT cuts The Sri Lankan government on 31 May announced with immediate effect a rise in the standard VAT rate from 8% to 12%. A range of other tax measures, including a rise in corporate income tax
New Zealand’s Inland Revenue Department introduced its 15% Goods and Services Tax on digital or electronic services provided by non-residents to consumers from 1 October 2016. There is a GST registration threshold of NZD 60,000 per annum, and there is no requirement to appoint a
April Goods and Services central filings delayed due to technology issues The Indian Central Board of Indirect Taxes and Customs has delayed the deadlines on returns and payments as follows: GSTR-3B and GSTR-2B delayed to 24 May. This normally submitted around the 20th. Payment of
Major changes around the world in Value Added Tax and Goods and Services Tax If you want live updates on these issues, sign-up here for our free email newsletter.
2019 cut to 8% may have to be reversed as country faces worst economic crisis The drop in revenues during the COVID-19 crisis may force the government to reverse the reduction in VAT in 2019 from 15% to 8% the finance minister has said. This
Low-value SG$400 consignment stock relief GST exemption scrapped; traditional services B2C also liable Singapore Gazetted this month its Goods and Services Tax (Amendment) Act 2021. This will withdraw the current SG$ 400 threshold on Goods & Services e-commerce B2C imports from 1 January 2023. This does not
New tax hikes and levies on range of supplies confirmed by Parliament – 1 January 2022 implementation Update: Sri Lanka VAT raised to 12% from 1 June 2022 The drop in revenues during the COVID-19 crisis has forced the government to propose a range of
Plans to extend India e-invoicing to Business-2-Consumer transactions in doubt Following the completion in 2021 of the rollout of B2B electronic invoicing for transactions above ₹20 crore (from 1 April 2022), the plan had been to bring in B2C transactions. Currently, For B2C invoices, a QR
The role of digital platforms in the taxation of the gig and sharing economy New Zealand has launched a consultation on taxing gig and sharing economies. Get our global VAT and GST free news emails, sign-up here. Options to tax the new digital platforms and
