Worldwide

VAT Reporting v18.7.1

July 27th, 2018

Overview This release is a maintenance release of the VAT Reporting application for the month of July. It includes changes in reporting documents, SII improvements, modifications in VAT Reporting and bug fixes. Rate changes GREZ regions – Leros, Lesbos, Kos, Samos and Chios: The reduction in the three rates for the Greek Islands have been extended until …


Thailand

Thailand bitcoin VAT exempt

May 18th, 2018

Thailand has made digital currencies, such as bitcoin, VAT exempt. This recognises the cryptocurrency as a ‘private money’ instead of a commodity with its own intrinsic value. This follows the treatment in the European Union and much of the rest of the world. Trading will though remain subject to capital gains or corporate income tax. At …


Thailand

Thailand levies VAT on bitcoin

March 20th, 2018

Thailand’s Cabinet has moved to levy 7% VAT on digital currency (e.g. bitcoin) transactions. This is aimed at curbing money laundering and tax evasion. The Council of State will have to ratify the widening of the tax net. Over the past three years, the EU, South Korea and Japan have exempted from such consumption taxes. Trading …


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 …


Thailand

Thailand VAT on foreign e-commerce

November 27th, 2017

Thailands Revenue Department has proposed extending the VAT on online non-resident sellers of goods to consumers.  Currently, there is an VAT exemption of 1,500 baht on any imports. The new liability would come into force from 1 January 2018. The measure is designed to equalise the tax treatment with Thailand-based e-retailers, and to prevent the domination …


Thailand

Thailand foreign e-services 5% VAT

July 11th, 2017

Thailand has proposed introducing 5% VAT on all non-resident e-services providers selling to local consumers.  This would include eliminating the existing annual threshold of baht1,500. In a public consultation, closing this week, the Thai tax authorities are requesting feedback on indirect taxation on foreign sellers of e-books, streaming media, online journals, SaaS services and apps.  …


Thailand

Thailand e-commerce 5% VAT withholding

June 12th, 2017

The Thai government is reviewing a VAT bill to levy a 5% VAT withholding levy on all e-commerce goods and services transactions. The VAT would be charged and collected by banks and credit card companies.  And replicates similar split payment arrangements in many South American countries. It would be levied on any purchases of goods …


Worldwide

Avalara VAT Reporting content updates 15-02-2017

February 15th, 2017

France: The Tax Authority has just announced changes in the 2017 VAT return; therefore, in this release we have updated the mapping within VAT Reporting in order to reflect these changes. Since France was no longer a blocked country, clients should redeliver their data starting 1/1/2017. This is effective for transactions linked to distance sales …