VAT news tagged as "Sales Tax"

United States

US, Mexico & Canada e-commerce sales tax & duty thresholds

October 12th, 2018

As part of the NAFTA renegotiation completed on 1 Oct 2018, the US has secured a rise in the duty-free threshold for e-commerce sales from US marketplaces to consumers in Mexico and Canada. The new NAFTA replacement deal is known as United States-Mexico-Canada Agreement (USMCA). Currently, US online sellers, including eBay and Amazon, shipping to …


Malaysia

Malaysia Sales and Service Tax goes live

September 1st, 2018

Malaysia has now passed (‘gazetted’) its implementing legislation for the new Sales and Service Tax. It becomes effective today, 1 September 2018. Goods produced locally or imported are now taxed at a standard rate of 10%. A range of goods are subject to a reduced rate of 5%, including basic foodstuffs; petroleum oils; construction materials; …


Kyrgyzstan

Kyrgyzstan raises Sales Tax to 5%

August 25th, 2018

Kyrgyzstan is raising its 2% Sales Tax to 5%. VAT will remain at the current 12%. Sales Tax is charged on incorporated company turnover for the provision of any goods or services – so it is therefore closer to a turnover tax in nature. It is payable monthly with declarations due by the 21stof the …


Costa Rica

Costa Rica 13% VAT implementation

June 7th, 2018

Costa Rica has published a plan to introduce a 13% VAT regime to replace its existing Sales Tax. The current 13% sales tax is levied on imports and domestic sales of all goods. There are exemptions for basic foodstuffs, medicines and other essentials. Services are exempt. The country needs to widen its tax based, which means …


Aruba

Aruba raises Sales Tax July 2018

June 2nd, 2018

Aruba’s parliament has passed a rise in sales tax. The existing 1.5% business turnover tax will rise to 3%. The country’s health tax will rise from 2% to 3%, taking the total turnover tax burden 6%. There will be a new crisis levy of 2.5%. The new rates will apply from 1 July 2018, and …


South Sudan

South Sudan Sales Tax rise

December 14th, 2017

South Sudan has proposed raising its Sales Tax levy from 18% to 20%. Sales Tax applies to domestically produced goods, hotel and accommodation services and imports. It was raised from 15% to 18% earlier in 2017.


United States

US marketplace sales tax amnesty extension

October 13th, 2017

The sales tax amnesty for online Sellers in the US has been extended to 1 November 2017. Open to online marketplace sellers, the original 17th August – 17th October amnesty programme will forgive back taxes, interest, and penalties for sellers that haven’t been collecting sales tax in states where they should. The amnesty is available in participating …


Puerto Rico

Puerto Rico Sales and Use Tax

August 9th, 2017

Following last year’s abandoned attempt to introduce Value Added Tax, Puerto Rico has implemented reforms to establish another effort as it seeks to stabilise its poor fiscal position. The Legislative assembly is now considering the phased withdrawal of the existing Impuesto a las Ventas y Uso tax.  This sales and use tax on B2B sales …