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% …


Guam 2% General Sales Tax 2019

April 2nd, 2018

Guam is to launch a 2% General Sales Tax on the provision of goods and services from 1 January 2019. Financial Services will be exempted from the new consumption tax.


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 …

New Zealand

New Zealand GST rates and GST compliance

January 16th, 2018

New Zealand GST rates There are 3 GST rates in New Zealand: the standard, reduced and nil rates. New Zealand GST compliance In providing taxable supplies, and once GST registered, businesses are obliged to follow various compliance rules, including record keeping. These include: New Zealand tax point The tax point (time of supply) rules determine …

New Zealand

New Zealand GST returns

January 16th, 2018

Any company registered with a New Zealand GST number must submit periodic returns to the Inland Revenue. What are the returns filing and payments deadlines for New Zealand GST returns? GST returns must be submitted by the 28th of the month following the reporting period end. The payment date of any GST due is the …

New Zealand

New Zealand GST registration

January 16th, 2018

What is the New Zealand GST registration threshold Non-resident businesses providing taxable supplies in New Zealand must register if they pass the annual registration threshold. This is currently NZD 60,000 and applies both retrospectively over the past calendar year, or if a business anticipates exceeding this in the forthcoming 12 months. Businesses may also voluntarily …

New Zealand

New Zealand

January 15th, 2018

New Zealand introduced a Goods and Services Tax (‘GST’) on 1 October 1986. This is similar to VAT, and based on the OECD’s standard indirect tax regime model. It is one of the most progressive regimes in the world, with a wide base and limited exemptions. GST is jointly administered by the Inland Revenue and …


Vanuatu hikes VAT to 15%

January 4th, 2018

The South Pacific island nation of Vanuatu has raised VAT from 12.5% to 15% from 1 January 2018. VAT was introduced in 1998 at 25%, and is administered by the Customs and Revenue Service.  It is modelled on the New Zealand GST regime, which has similarly increased its consumption tax to 15%.

New Zealand

New Zealand GST on e-services

November 9th, 2017

New Zealand imposed its Goods & Services Tax (GST) consumption tax on non-resident providers of electronic services in October 2016. Digital services subject to GST The following services are liable to GST: Streaming video, movies, music and gaming Software E-books Apps Online webinars E-learning, including webinars Remote gambling Subscriptions to online membership clubs Subscriptions to …