Singapore will impose GST on low value goods valued up to S$400. Under current regulations, low value goods imported by air or post are not subject to GST. From January 2023, low value goods will
G7 finance ministers have reached an agreement on a global minimum corporate tax rate. The agreement aims to set the global rate to 15%. The policy would have significant implications for how global tech giants
Saudi Arabia is introducing mandatory e-invoicing from December 2021. Saudi businesses must have all the required processes in place by 4 December 2021. Businesses must prepare invoices in XML and clear these through the Saudi
Is the crypto bubble bursting? Or are we seeing a manageable correction that offers investors an opportunity to buy the dip? However you spin it, the last week has been tough on investors in cryptocurrencies
The new EU e-commerce VAT package aims to simplify VAT compliance for online sales to customers in the EU. But how do the rules affect Northern Ireland? For instance, the new One Stop Shop (OSS)
Oman’s VAT laws come into effect on 16 April 2021. 5% VAT will apply on goods and services traded in Oman. The 5% rate also applies to goods that are imported into the Sultanate. VAT
The European Commission has issued guidelines clarifying many of the provisions of the new One Stop Shop (OSS). The OSS, which is an extension of the Mini One Stop Shop (MOSS), is one of the
VAT in a foreign country. Why would your business need to register? It’s much more likely than you might suppose. You don’t need to be a massive multinational company with branches around the world. Perhaps
Resident VAT registration is VAT in a country in which your company is based. Once you generate revenue past a certain threshold, your business will be required to register for VAT, in accordance with the
Many countries have implemented VAT on digital services. And we can be sure that many more are likely to follow suit. Unfortunately, many digitally-focused startups and small and medium-sized businesses are unaware of their VAT