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 …
Italy confirmed yesterday that its Pescara VAT office is responsible for the processing of MOSS VAT registrations and returns. All Italian firms providing e-serivces to Italian and other EU consumers should file their Mini One-Stop-Shop digital services returns at Pescara. Non-EU companies choosing Italy as their single registration country should contact Pescara too. The MOSS …
Belarus is introduce 20% VAT on the provision of electronic services to its consumers by foreign providers from 1 January 2017. The move follows similar plans by Russia. The new VAT will extend to fees from online gaming, apps, video or music streaming. Non-resident providers will have to VAT register with the Belarus authorities – …
On 23 June, the UK voted to leave the European Union. This could mean additional EU VAT MOSS registration and reporting for UK-based providers to consumers of e-services. The hardest hit would be micro businesses that were granted this year an effective exemption by the UK’s HMRC to new 2015 EU VAT MOSS returns. E-services include: …
The Bill to impose VAT on sales to Russian consumers of electronic services from foreign providers progressed to a third, and final reading in the Parliament. The plan is to implement the VAT law from 1 January 2017. Highlights of the Bill include: VAT will be levied at 18% Foreign providers will have to register …
The New Zealand parliament has passed the bill to impose 15% GST on e-services provided to consumers from foreign providers. The new tax will come into force on 1 October 2016. Sellers can use information such as IP address and credit card details may be used to determine if a consumer is resident in New …
The European Commission (‘EC’) today issued extensive reform proposals for the EU VAT regime, bringing together many long-standing ideas which will lead to further harmonisation of the tax system. It aims to: tackle €50 billion in EU VAT fraud which exploits the current cross-border treatment of transactions; give more freedom to member states to set reduced …
The Israeli Tax Authority has issued its draft bill to tax foreign providers of digital services to consumers with 17% VAT. The new proposal will seek to tax income on services to Israeli consumers including: Streaming or downloads of music, films and games; E-books; Digital newspapers or journals; Online telephony; Betting; SaaS-based software services; Internet …
The Russian parliament, the Duma, passed the first reading of a bill to introduce 18% VAT on foreign providers of digital services to Russian consumers. This will include an obligation for foreign providers to register with the Russian authorities, and file regular returns. The bill shifts the place of supply of electronic supplies to Russian …
The UK’s tax authorities has begun the process of striking off some micro-businesses from the UK’s EU MOSS reporting regime for sales of digital services to consumers across Europe. Such companies will no longer be required to report EU VAT on their sales to consumers across Europe following an outcry around the heavy admin burden imposed since …
