Italy is to allow EU businesses with an Italian VAT number to process a credit application through a new ‘direct refund procedure’. This follows a Court of Justice of the European Union decisions (C-323/12) of 6 February 2014 and (C-242/19) 11 June 2020 which upheld
On 1 January 2021, the UK ecommerce VAT rules changed on consignments not exceeding £135 and deemed supplier online marketplaces (OMP). This mirrored the 1 July 2021 EU e-commerce VAT package. A concession on business-to-business B2B imported sales of goods was made. Instead of output
Peru has yet to impost its Value Added Tax on digital or electronic services provided by non-resident sellers or marketplaces. B2B domestic supplies of e-services are already liable to VAT. B2B supplies from abroad to resident businesses may be zero-rated under the reverse charge mechanism.
Angola has extended its Value Added Tax regime on 1 January 2020. The 14% regime was implemented on 1 October 2019 for large tax payers. VAT replaced the 10% Turnover Tax. The current VAT rate in Angola is 14%. Basic foodstuffs are nil-rated. Financial services,
Non-resident e-services VAT obligations from January 2022; change to quarterly reporting; marketplaces must register The Caucasus state of Armenia implemented Value Added Tax on non-resident providers of digital services on 25 November 2021. This followed the EU 2015 digital services VAT model, requiring VAT to
Ongoing COVID-19 crisis means more support for hard-hit entertainment and hotels sectors Paraguay has rolled over for a second time the reduced Value Added Tax rates on tourism, catering, accommodation, tourist transport, tourist guide and event organization services. This will now be extended until 31
The UK Treasury last week launched a public consultation on the taxation of the gig economy – ‘VAT and the Sharing Economy’ Its aim to redesign the tax system which is struggling to fairly capture revenues from a sector estimated to be worth £140bn by
The Honduras Revenue and Administrative Services has proposed imposing Value Added Tax on non-resident providers of digital or electronic services. No date for the implementation has been indicated, but end 2021 or start of 2022 seems most likely. VAT Calc’s global VAT and GST on digital
Israel’s Tax Authority is proposing to introduce electronic VAT invoicing. There would be an invoice threshold of NIS 5,000 (approx €1,300 or USD 1,600). This would apply to all B2B transactions about the invoice threshold. The Tax Authority estimated only 15% of invoices pass this
Cyprus is to extend the application of the domestic reverse charge to mobile phones, CPU’s, games consoles, laptops and similar products. This will come into effect from 1 October 2020. Reverse charge to block missing trader fraud The measure obliges resident or non-resident providers of
