VAT news tagged as "e-commerce"

Australia

Australia GST on e-commerce 1 July 2018

April 26th, 2018

From 1 July 2018, 10% GST is due on all goods sold by foreign online retailers to Australian consumers. Once the non-resident e-merchant sales more than AUS$75,000 per annum, they must GST register with the Australian authorities, file and pay any tax due. It is estimated that over 3,000 foreign companies will have to register for …


India

India GST requires more work

March 22nd, 2018

The July 2017 new Goods and Services Tax (‘GST’) regime was an ambitious reform of a complex, and business unfriendly tax regime. But more reforms to the GST system are required if it is to realise its potential to liberalise intra-state trade in the country. Areas for focus in the next months will include: Simplify …


Australia

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 …


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 …


Europe

EU ministers agree VAT e-commerce reforms

December 5th, 2017

At today’s meeting of EU Finance Ministers (ECOFIN) agreement was reached on a serious of e-commerce VAT reforms.  The proposals are aimed at facilitating the collection of VAT when consumers buy goods and services online. In addition, they will help combat an estimated €5billion in distance selling VAT fraud. The reforms include: 2019 – simplifications for sales …


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 …