As global inflation drops, countries return to indirect tax rises Following two years of inflation VAT cuts, jurisdictions around the world are returning to VAT rises. The reverses a trend plotted by the OECD VAT survey, which reflected governments using VAT cuts to prop-up their
VAT and customs duties due on all B2C imported consignments 1 January 2024 From 1 January 2024, Norwegian VAT and customs duties is payable on all B2C import consignments. This ends the NOK 350 (approx. €31) exemption threshold which was introduced on 1 April 2020.
Confirmation of business tax to non-resident digital service providers Taiwan has updated its Value-added and Non-value-added Business Tax law to confirm its Business Tax to certain non-resident providers of digital or electronic services to consumers. This includes “Foreign enterprises, institutions, groups, and organizations that do
Further 3% rise in standard rate following 2022 increase to 15% Sri Lanka’s cabinet has approved a 3% VAT rise from 15% to 18%. This will come into effect from 1 January 2024. This increase is to help ensure government reaches revenue targets and secures
B2B domestic electronic invoicing to reduce fraud and compliance obligations – January 2026 Croatia is the latest country to announce the role out of mandatory Mandatory structured e-invoicing between VAT registered businesses, supported by the government’s e-Račun platform. In September 2023, the Croatian government requested
15% GST on digital services to consumers Sierra Leone has imposed its Goods & Services Tax on digital or electronic services (and goods) sales to consumers since 2021. This covers any supplies via electronic platforms and the commissions received by the platform owners. But there
Ending complexity of VAT treatment for customs and VAT warehousing and import reliefs Tracking and accurately calculating VAT reliefs on inward processing imports, including reexports or releases into free circulation, is highly complex. Even the EU’s rules on customs procedures and VAT warehouses are varying
August 2023 – new guidelines of VAT obligations for non-resident providers of digital services The Egyptian Tax Authority has published English language guidelines on the VAT obligations for foreign providers of digital or electronic services. This includes Electronic Distribution Platforms facilitating marketplaces and digital platforms
Jul 2023 extension of digital services subject to VAT; new return filing deadline The 2023 Finance Bill has widened the VAT net on digital services. From 1 July 2023, electronic services will now include digital intermediation services and online advertising services. The deadline for filing
July 2023: extension of scope of services subject to VAT Uganda’s VAT has been amended to extend the scope of digital services subject to VAT – THE VALUE ADDED TAX (AMENDMENT) ACT, 2023. Non-resident e-service providers have been liable to charge and collect VAT for
