Bahrain VAT launch by end of 2018Category:

Bahrain

Bahrain VAT launch by end of 2018

February 22nd, 2018

The Bahraini Finance Minister has confirmed the Gulf state’s plan to launch a 5% VAT regime before the end of 2018. The implementation date could be 1 October 2018.  “We’ll be working with parliament on VAT and aim to have everything set up by the end of 2018,” Sheikh Ahmed said. Bahrain, along with Kuwait, …


South Africa

South Africa raises VAT to 15% April 2018

February 21st, 2018

South Africa today announced an increase in its VAT rate from 14% to 15% on 1 April 2018. This is the first increase in 25 years since the ending of apartheid in the country. Growth in the country has been slowing for a number of years, and the government deficit opening up to 4.3% in …


United Kingdom

Avalara Europe is hiring

February 19th, 2018

If you work in EU VAT compliance, Sales, Marketing or Customer Success and want to be part of one of the most exciting stories in tax automation, then we want to hear from you. Being part of every international tax calculation Avalara’s ambition is to take the pain out of indirect tax compliance for businesses, …


Ghana

Ghana to raise VAT to 17%

February 17th, 2018

Ghana has proposed a Value Added Tax rate increase of 2% to 17%. The rate was last increased from 12.5% to the current 15% in  January 2014. Last year, the government introduced a 3% flat rate for small companies.


Turkey

Turkey digital services VAT update

February 7th, 2018

Turkey has provided an update on the VAT rules for non-resident providers of digital services to local consumers. VAT was imposed on such transactions from 1 January 2018. Key clarifications include: Details of the new online VAT registration process There are no specific requirements for the maintenance of VAT records Supplies to Turkish VAT registered …


Saudi Arabia

Saudi Arabia simplified VAT invoice

January 30th, 2018

The Kingdom of Saudi Arabia is relaxing the requirement to produce simplified invoices for B2C sales under the new VAT regime. Initially following the 1 January 2018 introduction of VAT, simplified VAT invoices could only be produced for all sales below Riyals 1,000.  However, the General Authority of Zakat and Tax (GAZT) now states that this is …


Thailand

Thailand foreign digital services VAT proposal

January 28th, 2018

Thailand has updated its proposals to levy VAT on non-resident providers of electronic services to its consumers. The new draft rules will limit any tax liability to VAT, and has removed the potential for corporate income and withholding taxes on foreign providers. Highlights of the proposals include: A VAT registration obligation for non-resident providers of services via …


United Arab Emirates

UEA e-commerce liable to 5% VAT

January 27th, 2018

The United Arab Emirates tax office, the Federal Tax Authority, has confirmed that e-commerce sales to consumers by foreign vendors are liable to the new 5% VAT regime. Supplies include both physical goods and digital services (i.e. income from: streaming media; apps; software; e-books; journals; and membership sites).  There is an annual selling threshold of …