In a bid to increase revenue to Ukraine’s state budget, the Ukranian tax authorities are proposing a 20% VAT on electronic services provided by foreign digital services companies to Ukrainian customers.
If your digital services business has not registered for GST in Singapore as yet, time is ticking.
The French Senate and the National Assembly have approved legislation which now means companies are liable for a 3% digital services tax when their digital revenue exceeds €750 million ($850m; £670m) worldwide and more than €25 million being generated through French revenue.
Since 2015, businesses who have made B2C supplies of broadcasting, telecommunications and e-services (“BTE”) to EU based consumers have been required to charge VAT according to the member state where the supply is made.
Under Turkish VAT law, electronic supplies of newspapers, magazines and books have been subject to a reduced rate of 1% or 8%.
Businesses using the UK’s VAT Mini One Stop Shop (MOSS) to declare sales of digital services to consumers in the EU should continue to use the UK’s MOSS portal in the normal way to submit and pay their return for the first quarter of 2019.
Under the existing Korean legislation, non-established businesses who make specified digital supplies to Korean consumers must account for Korean VAT on these supplies, and submit periodic VAT returns.
Following years of discussion and campaigning, the EU have now formally adopted a directive which will allow member states to apply reduced or zero rates to the sale of e-publications.
South Korea has enforced the extension of VAT to non-resident providers of cloud computer services that will come into effect from 1 July 2019.