Thailand has updated its digital services VAT guidance, clarifying the scope of digital services. Under recently implemented regulations, non-resident companies providing online services to customers in Thailand are liable for 7% VAT. Note that the digital services VAT registration threshold
Romania wants to tax digital streaming services and use the revenue to fund the domestic movie industry. The proposed tax would fund the country’s Centrul National al Cinematografiei, which finances film production. According to reports, a film industry group initially
Digital platforms in Manitoba have an obligation to collect and manage Retail Sales Tax (RST) from 1 December 2021. The Canadian province’s 2021 budget implements a number of measures to “help ensure Manitoba businesses are competing on a level playing
The US has reached a deal with Austria, France, Italy, Spain and the UK on digital services taxes. Under the agreement, the European countries can maintain their digital services taxes until they establish the OECD digital services tax framework. “We
Egypt’s content creators need to start paying their fair share of VAT. That’s the word from the head of the Egyptian Tax Authority, who says YouTubers and bloggers need to register for VAT if they exceed the applicable revenue threshold.
The Philippines House of Representatives approved a bill imposing VAT on nonresident digital services companies. Philippines’ new digital services VAT will be set at 12%. The new VAT applies to streaming services, as well as other transactions that take place
The South African Revenue Service (SARS) is establishing a special unit to review digital services VAT compliance. Using information derived from South Africa’s central bank and local businesses, SARS plans to more effectively detect and, potentially, penalise foreign suppliers of
Imposing VAT on nonresident suppliers of digital services could raise revenue of between 0.04% and 0.11% of GDP in certain Asian countries. That’s the finding of a new IMF report, “Digitalization and Taxation in Asia”. According to the IMF, that
Israel’s government has published a proposal to introduce digital services VAT. The new VAT would apply to foreign businesses that supply online services to customers in Israel. The proposal is part of a broader memorandum detailing numerous policy proposals issued
Australia wants to make the sharing economy more accountable. Under new rules, platforms must report all sharing economy transactions to the Australian Taxation Office. According to exposure drafts (for public comment) of Australia’s proposed new legislation, electronic platforms will have