2023 implementation to align with EU rules on taxation in location of consumption The Balkan state of Bosnia and Herzegovina (B&H) imposed Value Added Tax on non-resident providers of digital services from 2023. The obliges foreign providers to register, collect and remit 17% VAT to
GST implementation includes remote providers of digital service to consumers Following the Republic of Palau’s introduction of a 10% Goods and Services (GST) to replace the old turnover tax, Gross Revenue Tax, it has been confirmed that GST is due on offshore provision of digital
Dutch Caribbean dependency Kingdom imposed 4% turnover tax on foreign digital service providers 1 January 2023 Aruba became the 99th country to impose it’s turnover tax, Revenue Tax, on non-resident providers of digital services to its consumers from 1 January 2023. Aruba VAT implementation has
Directorate General of Taxation extends VAT to Airbnb, HomeAway, and Vrbo Costa Rica is extending the definition of e-services to digital platforms or intermediaries for home sharing sites. This includes Arbnb, HomeAway, and Vrbo. This will apply from 1 November 2022. Costa Rica VAT on
Lack of definition puts uncertainty on UK VAT obligations for traders and marketplaces The UK’s HMRC has yet to confirm the Value Added Tax status of Non-Fungible Tokens (NFT’s), blockchain certificates of digital and physical assets. Whilst cryptocurrencies, another type of crypto asset, has been
US doubts on ratifying OECD Pillar 1 agreement for 2023 means unilateral DST’s to make a comeback? The ambitious October 2021 OECD inclusive framework on base erosion and profit shifting (BEPS) agreement by 137 countries on global tax reforms is proving hard work to implement.
List of VAT compliance foreign providers of digital services grows to 155 The Mexican Servicio de Administración Tributaria, SAT tax authorities has published an extended list of non-resident digital or electronic service providers who have registered to charge Value Added Tax. Mexican VAT on digital
When foreign provider is not VAT registered, credit or debit card issuers must withhold VAT From 1 August 2022, Chilian issuers of credit or debit cards must monitor payments for B2C digital services to non-resident providers. Where the provider is not VAT registered in Chile,
List of VAT compliance foreign providers of digital services grows to 154 The Mexican Servicio de Administración Tributaria, SAT tax authorities has published an extended list of non-resident digital or electronic service providers who have registered to charge Value Added Tax. Mexican VAT on digital
1% increase on higher VAT rate from May 2022 on communications services Belarus is to raise the higher Value Added Tax rate applied on electronic communications and mobile services. From 1 May 2022, the rate will rise from 25% to 26%. The standard VAT rate
