VAT news tagged as "e-commerce"

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 …


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 …


Slovakia

Slovakia VAT registration simplification

November 19th, 2017

From 1 Jan 2018, non-resident Slovakian businesses may avoid the obligation to VAT register for intra-community transactions and distance sales from Slovakia. Currently, foreign companies must apply for a Slovakian VAT registration if they are acquired or dispatch goods on a B2B basis through Slovakia. Or if they make distance sales from Slovakia where the place …


Germany

Germany stalls €7billion EU VAT E-Commerce Package

November 7th, 2017

Today’s monthly meeting of EU Finance Ministers, ECOFIN, failed to reach agreement on a proposed €7billion VAT E-commerce Package.  This included a plan to make the major international platforms (e.g. Amazon and eBay) potentially liable for VAT fraud by non-EU Sellers. The Package aims to boost member states’ tax receipts by an estimated €7 billion by …


India

India e-commerce GST collected at source Apr 2018

October 1st, 2017

India e-commerce platforms will be required to withhold 1% GST of the taxable value of supplies at source on payments to vendors and suppliers from 1 April 2018.  The provision will apply to payments about RS 2.5 lakh.  Platforms withholding the tax will be required to remit it to the government and file a GSTR-8 …


United States

US reviews e-commerce Sales Tax

August 2nd, 2017

The US Treasury has said that the administration will shortly revisit Sales Tax on goods sold by out-of-state e-commerce Sellers. At present, Sellers with no physical location in another US state are not required to charge the Sales Tax of the state when the consumer is resident there. Instead, the consumer is obliged to voluntarily self-declare the …