VAT Reporting update 18.3.1

April 5th, 2018

Overview This release is a maintenance release of the VAT Reporting application for the month March. It includes changes to reports, modifications and bug fixes. Main changes in Reports We have improved the reporting of transactions with mixed flows on the PL, CZ and IT VAT Books. South Africa: standard VAT rate changed to 15% …


Australia GST registrations for e-commerce July 2018

February 6th, 2018

Australia has stepped-up Goods and Services Tax registrations for non-resident companies selling goods to consumers. From 1 July 2018, Australia is withdrawing the AUS$ 1,000 low value imported goods GST and customs exemption.  This is to provide a level-playing field for tax purposes with local retailers who must charge the indirect tax. There is an …


Australian GST on digital services

November 8th, 2017

From 1st July 2017, Australia imposed 10% GST on the sale of electronic/digital services by non-resident providers to its consumers. The enacting legislation is the Tax and Superannuation Laws Amendment (2016 Measures No1) Bill 2016. Digital services liable to Australian GST The following activities are included within the Australian definition of electronic services: Streaming or downloads of music, …


Australia delays foreign e-Commerce GST to Jul 2018

June 17th, 2017

Australia has confirmed that it will delay the imposition of 10% GST on sales of low-value goods to its consumers by non-resident e-Commerce companies. It had been proposed that the low-value GST-exempt threshold of AUS$1,000 per package be withdrawn.  This would require foreign sellers to GST register if their annual sales were above AUS$75,000 per …


Australia bitcoin GST exempt Jul 2017

May 9th, 2017

Australia has become one of the last major economies to exempt digital currencies such as bitcoin from indirect tax.  It has announced in today’s federal budget that trading in cryptocurrencies will be exempt from 10% Goods and Services Tax from 1 July 2017. Australia had resisted attempts to make bitcoin GST-free.  Instead, it regarded it …


Australia marketplaces question new GST rules

April 22nd, 2017

As Australia prepares for the July 2017 imposition of 10% GST on consumer purchases below AUS$1,000 from foreign e-retailers, a number of major marketplaces have raised concerns about the new regime. They believe GST should be collected by the postal services instead of the planned obligation for foreign retailers to register for GST and make regular filings and …


Australia removes e-commerce GST exemption

February 28th, 2017

Australia has published plans to withdraw the 10% import GST exemption on the import of goods by consumers above AUS$1,000 from 1 July 2017.  The changes include supplies of e-services (downloads for games, video, music, app’s, e-books, cloud services etc) to consumers. The change is targeting the purchase and import of consumer goods by Australians on …