It’s easier than ever to incur VAT obligations, especially if you operate in multiple markets. If your business generates turnover in excess of the threshold set by your local tax authorities, you will need to
Belgium has issued guidance on registering for the new e-commerce One Stop Shop (OSS). The OSS is part of the EU e-commerce VAT package. The e-commerce VAT package extends the existing Mini One Stop Shop
Facebook is to start applying VAT on advertisements in Kenya. However, the charges only apply to advertisers that do not confirm they are advertising for business. “Due to implementation of a value-added tax (VAT) in
Poland aims to introduce e-invoicing in 2021. Poland’s finance ministry has published draft regulations introducing e-invoicing from October 2021. The first phase of the country’s new e-invoicing system will be voluntary. Authorities plan to make
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
Egypt will require e-invoices to process all VAT refunds and deductions. The change is part of Egypt’s multi-phased move to e-invoicing. According to Egyptian authorities (Arabic text) the new requirement will take effect from 1
The new head of the OECD is confident about reaching a global deal on digital services tax. Incoming OECD Secretary-General Mathias Cormann told the FT a global deal would be important to prevent individual countries
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
HMRC is reforming its mechanism for penalising late payment of taxes. Reforms will initially apply to late payment of VAT and Income Tax Self-Assessment. The revised Late Payment Penalties system will replace the Default Surcharge
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