VAT news tagged as "Foreign"

Taiwan foreign e-services VAT 2017

August 10th, 2016

Taiwan is to become the latest country to impose VAT on foreign providers of electronic services to its consumers. The implementation date is likely to be January 2017. The move follows the European Union, and local neighbors including Japan and South Korea. Non-resident sellers of streaming or downloadable video, music, gaming, e-books, taxi booking, gambling, …


China

EU VAT obstacles for Chinese companies

July 7th, 2016

Chinese enterprises trading across the EU can be hindered by many barriers; particularly EU VAT, which can leave unsuspecting firms facing large fines or delays in deliveries. According to figures published by Xinhua, the EU remained China’s biggest trading partner in 2014, with bi-lateral trade reaching $525 billion, representing a 19.5% growth from the previous …


Australia

Australia levies 10% GST on foreign digital services – July 2017

May 12th, 2015

Australia has announced in this week’s annual budget plans to make supplies of digital services by non-resident providers to consumers subject to 10% Australian GST.  The measure will raise an estimated AUS$ 350million. The implementation date of the new measure will be 1st July 2017. This will require companies such as Apple, Google, Netflix, Amazon and …


Canada

Canada reviews GST on foreign B2C digital services

January 22nd, 2015

The 2014 Canadian Federal Budget has indicated that the government is considering levying Canadian GST on purchases by consumers of digital / electronic goods from foreign internet sites such as Amazon (Kindle), Netflix, Apple i-Tunes and Google Play. This shift would require foreign providers to GST register as non-resident traders in Canada, and charge taxes based …


Japan

Japan update on taxing foreign services

August 4th, 2014

Japan’s Ministry of Finance has added further commentary to the discussion proposals to levy Consumption Tax on services provide from abroad to Japan. The new commentary is based on feedback from interested parties. Businesses in particular have requested a clear distinction in the taxability of services where the point of service is outside of Japan …


South Africa

South Africa confirms delay to non-resident digital VAT plan

April 2nd, 2014

As reported last month, South Africa has delayed the introduction of VAT on foreign B2C digital supplies to its consumers. The new date of the introduction of the requirement to VAT register will be June 1 2014 according to the Treasury. VAT on digital downloads, music, video and e-books The measures will require online providers …


Europe

EU VAT obsticles for Chinese companies

September 6th, 2009

Chinese enterprises trading across the EU can be hindered by many barriers; particularly EU VAT, which can leave unsuspecting firms facing large fines or delays in deliveries. According to figures published by Xinhua, the EU remained China’s biggest trading partner in 2008, with bi-lateral trade reaching $425.58 billion, representing a 19.5% growth from the previous …