The EU has approved DAC 7 rules on digital platform reporting. Under the DAC7 rules, digital platforms must report income earned by sellers through the platform. The new rules are an extension of the Directive
Canada recently announced its plan to tax digital services provided by non-resident companies. The new GST/HST charges are to take effect on 1 July 2021. Canada has now issued an FAQ on GST/HST in relation
VAT receipts in the UK declined by 1.5% in 2019-2020, compared to the previous financial year. The HMRC VAT bulletin compiles data on the latest VAT trends. The report notes that the decrease was anomalous.
VAT is everywhere but it’s a complexity of small differences. This article gives simple solutions to the complex, expensive and confusing problem of global VAT, In theory, VAT is simple. The principles are easy enough
Italy, Belgium and Cyprus are among the EU countries that have confirmed that UK companies will not need a fiscal representative for VAT registration. UK businesses will welcome the news. Clarity on VAT registration and
A Dutch court of appeal has upheld a ruling that Deliveroo drivers are effectively employees and not independent contractors. The lawsuit was initially filed by Dutch trade union FNV. In the 2019 lower court ruling,
Thailand is implementing digital services VAT from 1 September 2021. Non-resident companies providing online services to customers in Thailand will be liable for 7% VAT. The VAT registration threshold is 1.8 million Baht per annum.
The UK government has issued updated guidance on exporting goods to the EU. Now that the UK has left the EU, any UK-based company following standard export procedures must do the following: Get an EORI
Botswana is raising its VAT rate for the first time in a decade. The move aims to improve fiscal sustainability in the wake of the Covid19 pandemic. The pandemic has hit key sectors of the
By Kajal Shah Businesses have several ecosystems which help them achieve different objectives and meet the needs of the business. These are created between operations, people, data, software, and systems. Businesses have innovation hubs, product