VAT news tagged as "Online"

China

China raises foreign e-commerce tax

April 4th, 2016

China has this week effectively raised the ‘Parcel Tax’ regime on consumer purchases of goods from foreign sellers on major e-commerce platforms. Chinese Parcel Tax rises The measure is designed to raise taxes on foreign website purchases by Chinese consumers, and provide a level playing field for China-based online and traditional high-street sellers. Aside from …


India

India extra e-retailing VAT

March 20th, 2016

The western Indian state of Gujarat (population 60 million) is imposing additional VAT on goods sold to its citizens online from out-of-state. This will act as an ‘entry VAT’ for online retail across state borders. The aim is to prevent e-retailers from having an unfair price advantage over traditional retailers if they source goods from outside …


Australia

Australia plan to lower GST threshold on foreign e-commerce

July 19th, 2015

Australia is in advanced discussions to significantly lower its AUS$ 1,000 GST exemption on consumer goods bought from foreign websites. Currently, shoppers may make single transactions below the threshold exempt from Australian Goods and Services Tax. The Australian Finance Minister confirmed this week that he was progressing discussions between the Australian states, and was hopeful …


China

China e-commerce tax plan for 2015

September 30th, 2014

China is reviewing the introduction of tax on online sales of goods, e-commerce, in 2015. The plan would include a tax system administered by e-commerce platforms in the world’s biggest online shopping economy. There is widescale non-disclosure of taxable revenues by Chinese traders on e-commerce sites such as Alibaba, and the State Administration of Taxation …