VAT - vatcalc.com

End the global VAT headache: live calculations, supporting legal citations and compliant invoices from VAT Advisor

1 August 2021 in

e-invoices

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

Fiji VAT update

30 July 2021 in

Fiji

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 Turnover Tax Due to the ongoing COVID-19 crisis, the new Monitoring System has been delayed

Vietnam 1.5% ecommerce tax August 2021

24 July 2021 in

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 sales to Vietnamese consumers. The aim is to level the playing field for local online

Greece to cut e-book and journals VAT rate to 6%

21 July 2021 in

e-books

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 now confirmed fro 18 July 2021 gazette. EU harmonises e-books and journals VAT rates 2018

Portugal delays VAT returns

15 July 2021 in

COVID-19

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) has been delayed until 22 July 2021. Ordinarily, it would have been due by 15

Philippines implements 12% export VAT

6 July 2021 in

Export

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 Added Tax (VAT) on certain exports. Previously, exports on the affected transactions were zero-rated with

Italy delays VAT payment for COVID-19

5 July 2021 in

COVID-19

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 VAT should be made monthly. In addition to Value Added Tax obligations, the delays has

UK – GB to Northern Ireland IOSS EU e-commerce rules

3 July 2021 in

EU VAT e-commerce package

E-commerce sales of goods to Northern Ireland (NI) from the rest of the UK (Great Britain or GB) now have special rules following the 1 July introduction of the EU’s e-commerce VAT package VAT. This may affect UK sellers who are EU IOSS registered selling

Malta introduced VAT Group regime June 2018

21 June 2021 in

Malta

The Mediterranean island of Malta is to introduce VAT group regime from 1 June 2018. This would enable connected companies to be registered as a single VAT payer, and reduce VAT cash flow payments. VAT group requirements Two or more companies may apply to consolidate

Turkey withholding VAT threshold raised to TRY2,000

17 June 2021 in

Turkey

Turkey has increased its withholding VAT threshold from TRY1,000 to TRY2,000 per invoice. This came into effect from 3 June 2021 when the change was ‘gazetted’. The regime applies on payments for supplies of goods or services payable to non-residents. Like regular income withholding taxes,

Tag: VAT