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Armenia VAT on B2C digital services; platform liabilities clarified

16 January 2021 in

Armenia

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

Paraguay extends again reduced VAT on tourism and related services

14 January 2021 in

COVID-19

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

UK VAT gig and sharing economies consultation

17 December 2020 in

Gig and sharing economies

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

Honduras VAT on foreign digital services

8 December 2020 in

digital services

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 e-invoicing proposals

26 November 2020 in

e-invoices

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 extends application of the domestic reverse charge for VAT

28 August 2020 in

Cyprus

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

Montenegro VAT changes

20 August 2020 in

Montenegro

The Balkan state of Montenegro has made a number of changes to its Value Added Tax regime from 4 August 2020. These are as follows: Shifted provision of accommodation, restaurant and hospitality services from the standard VAT rate of 21% to the reduced rate of

Cyprus updates VAT penalties

5 June 2020 in

Cyprus

A new penalty regime comes into force in the Mediterranean island of Cyprus on 20 August 2020. This will be as follows for any VAT registered taxpayer whether resident or non-resident: €100 fixed fine for missing the filing deadline of a VAT return. Quarterly returns

Jamaica cuts GCT rate to 15% 1 April 2020

25 March 2020 in

COVID-19

COVID-19 forces General Consumer Tax subsidy In its 2020/21 budget, the Caribbean Island of Jamaica has reduced its standard General consumption tax (its Value Added Tax) rate from 16.5% to 15%. This will tax effect from 1 April 2020. The GCT cut is aimed at

Mexico VAT digital services non-resident June 2020

21 March 2020 in

digital services

Mexico has introduced Value Added Tax on foreign providers of digital or electronic services from 1 June 2020. There is no VAT registration threshold, and non-residents must appoint a local tax agent. In addition to providers of electronic services, Mexico also makes provision for withholding

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