VAT news tagged as "e-services"

Brazil

Brazil may block ICMS on e-services

September 14th, 2018

Brazil’s Chamber of Deputies is reviewing blocking the new ICMS  (Imposto Sobre Operações Relativas à Circulação de Mercadorias e Serviços de Transporte Interestadual de Intermunicipal e de Comunicações) charge on digital and electronic services. ICMS has recently been levied on the supply to consumers of digital goods via downloading or streaming. This includes: music; video; …


Europe

EU introduces B2C e-services foreign VAT threshold

August 21st, 2018

Member states of the European Union have been updating their VAT laws to introduce simplified B2C electronic services foreign VAT thresholds. From 1 January 2019, small providers of digital services will be able to charge the VAT of their home country on sales to other EU states’ consumers below a threshold of €10,000 per annum. …


Worldwide

Global VAT changes 1 July 2018

July 1st, 2018

Below is a summary of major VAT and GST changes that come into effect on 1 July 2018: Australia drops GST-free levy on small goods, and requires non-resident e-commerce companies to register if over the threshold of AU$ 75,000 per annum Bahamas raises VAT to 12% The introduction of Polish Split Payments Hungary introduces live …


Singapore

Singapore GST on foreign e-services Jan 2020

June 13th, 2018

Singapore has updated its plans to levy its 7% Goods & Services Tax on B2B digital services provided by non-residents to consumers from 1 January 2020. This includes providers such as Airbnb, Amazon Prime, Netflix, Apple Music and other streaming media, gaming and app providers The city-state has confirmed that B2B transactions from foreign companies will …


South Africa

South Africa updates e-services VAT

February 28th, 2018

South Africa has issued a draft update of the definition of digital services for VAT purposes. Since June 2014, non-resident providers of electronic services have been liable to register and charge South African VAT on B2C and B2B transactions. The latter is unusual – most countries do not require a registration for business-to-business supplies; instead …


Czech Republic

Czech VAT 2019 update

February 27th, 2018

The following amendments to the Czech VAT have been proposed from January 2019: Adoption on new EU rules for the VAT treatment of vouchers. This includes the treatment of single use vouchers as being similar to advance payments with VAT due at payment. This contrast with multi-purpose vouchers, which may be potentially used at different stores …


Puerto Rico

Puerto Rico e-services VAT

August 16th, 2017

Puerto Rico is considering introducing 15% VAT on the provision of electronic services, including streaming/downloads of games, music etc, e-books, online software, apps and member websites.  This would include foreign providers of such services, including iTunes, Google Play, Netflix, HBO and Spotify. Puerto Rico has struggled to manage its state deficit, and has attempted to replace …