Switzerland’s lawmakers recently passed a law mandating a levy on streaming services. The revenue is earmarked for a special fund that will support the Swiss film industry. Often known colloquially as the ‘Netflix tax’, the levy has precedents in other
India’s tax authorities are paying closer attention to cryptocurrency traders. However, some platforms say that the GST rules on cryptocurrencies, such as Bitcoin, are unclear. They’re asking regulators for clarity on their precise GST obligations. For instance, one crypto platform
The digital economy has changed the way we do business. EU policymakers are seeking to update VAT policy to meet the realities of the internet age. Developing a new VAT framework that accounts for the pace and variety of ecommerce
Cambodia will introduce VAT on online sales of goods and services from 1 April 2022. Cambodia originally scheduled the rollout of e-commerce VAT for 1 January. Under the new rules, any nonresident company that supplies online goods or services to
An exhaustive survey reveals how Europe’s new e-commerce VAT rules are affecting people’s online shopping experience. The IPC has just released its cross-border e-commerce shopper survey for 2021. The survey includes answers from over 30 000 respondents in 40 markets.
If you provide digital services to customers in Indonesia, the tax authorities are likely paying close attention to your business. Indonesia’s tax authorities have provided an updated notice listing which companies must collect VAT on digital services and goods supplied
Poland is cutting VAT on natural gas to help address sharply rising energy prices. Poland’s government is cutting VAT on gas from 23% to 8%. The government is also providing direct cash relief to households. The allowance will be means
Kenya is introducing an electronic tax system to monitor VAT payments. Kenyan media cautions taxpayers that the system will make it much harder to get away with VAT evasion. Electronic monitoring of invoices Kenya’s new Tax Invoice Management System (TIMS)
Armenia’s government has introduced a draft Digital Services VAT law to parliament. Under the new law, non-resident businesses supplying digital services to customers in Armenia must register and account for VAT. Armenia’s tax authorities explain that the law requires companies