VAT news tagged as "Non-resident"

Singapore

Singapore GST on digital services 2020

February 25th, 2018

Singapore confirmed in today’s 2018 budget that it will subject supplies of B2C digital services from non-resident suppliers to 7% GST. The new charge will apply to downloads of apps, software, games, music, videos and streaming versions of the same.  There will be an annual GST registration threshold of S$100,000. It is anticipated that only …


Taiwan

Taiwan VAT on B2C e-services

December 18th, 2016

Taiwan’s parliament (Yuan) has passed a law levying VAT on electronic services sold to consumers by non-resident providers.  There is limited clarity of the range of service subject to VAT, but it will include downloads, Apps, ebooks and online car-sharing services etc. Providers will have to form a permanent establish in Taiwan to pay any …


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 …


Serbia

Serbia VAT representative

June 2nd, 2016

The Serbian Ministry of Finance has confirmed the requirements of the appointment of a approved tax representative by foreign companies registering for VAT. This is required for foreign companies providing VAT supplies in the country, typically goods. If the non-resident entity does not appoint a representative, then the local customer potentially becomes liable for the …


Czech Republic

Czech VAT reverse charge on domestic supplies

May 18th, 2016

The Czech authorities are proposing to amend the VAT Act to apply the reverse charge on domestic supplies of goods by non-resident businesses to Czech VAT registered businesses. The proposal is to introduce the new rule in July 2016. Currently, non-residents must VAT register themselves in the Czech Republic for buying and selling B2B. The …


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 …