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 Kenya, Facebook is required to charge VAT on the sale of ads to advertisers that are not advertising for business […]
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 e-invoicing mandatory for all companies by 2023. E-invoices will be processed via Poland’s National E-invoicing System(KSeF), according to a specified […]
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 on Administrative Cooperation (DAC). Online platforms are now obliged to collect sales information from sellers and report this information to […]
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 January 2022. Multi-phase e-invoicing rollout Egypt’s e-invoicing system is currently in its second phase. Currently, the system is mandatory for […]
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 imposing a “proliferation of different unilateral measures”. Cormann said that the failure to reach a deal thus far has created […]
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 to the electronic supply of digital products and services. The FAQ aims to provide further clarity on the new measures […]
Greece has moved the deadline for obligatory e-books and e-invoicing filing to 1 July 2021. We previously noted that the deadline, originally pencilled in for 2020, had been moved to April 2021. Greek tax authorities have delayed the mandatory deadline once more, partly due to the economic downturn linked to the Covid-19 pandemic. New VAT […]
Portugal is allowing payment of VAT in instalments, if certain criteria are met. The move aims to provide relief to businesses that have suffered from the Covid-19-related economic downturn. Who is eligible for VAT instalments in Portugal? The measure is only available to businesses with an annual turnover below €2 million. In order to qualify […]
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 penalty for VAT noncompliance. The changes will apply to VAT taxpayers for the accounting periods beginning on or after 1 […]
HMRC is updating the way it issues certificates of status. When you request a certificate of status, HMRC will send it by email rather than by post. However, they will only do so if you have granted permission to email you, via HMRC’s informed consent form. UK businesses often require a ‘certificate of status of […]