VAT news tagged as "Sales Tax"

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 …


United States

US reviews e-commerce Sales Tax

August 2nd, 2017

The US Treasury has said that the administration will shortly revisit Sales Tax on goods sold by out-of-state e-commerce Sellers. At present, Sellers with no physical location in another US state are not required to charge the Sales Tax of the state when the consumer is resident there. Instead, the consumer is obliged to voluntarily self-declare the …


Kazakhstan

Kazakhstan to retain VAT

December 8th, 2016

Kazakhstan has withdrawn plans to scrap its VAT regime in favour of a simplified Sales Tax system. VAT in Kazakhstan is currently 12%, and is charged by all business entities with an annual turnover above MCI 30,000. Foreign companies cannot register for the VAT, but their customers will typically be required to withhold the VAT …


Costa Rica

Costa Rica e-invoice database

September 21st, 2016

Costa Rica is formalising plans to create a centralised, compulsory database of all invoices, credit notes and supporting documentation created by taxable persons. The new e-invoice database will mirror systems in China and Brazil, and should help reduce fraud. The tax office has now provided details of the format requirements for providing invoice details. The …


Egypt

Egypt 13% VAT 2016

August 29th, 2016

Egypt will introduce Value Added Tax from October 2016 at 13%. The new rate was voted on in Parliament today. The standard rate will rise to 14% on 1 October 2017 as part of a compromise with the government. VAT to boost economy: The reasons for the consumption tax reform are: Existing 10% Sales Tax leads to …


Anguilla

Anguilla GST 2017

July 28th, 2016

Anguilla, the British Caribbean overseas territory, is set to implement a Goods & Sales Tax (GST) from 1 January 2017. The island has not sales taxes at present. Plans for rates, tax payers and training are being prepared.


Egypt

Egypt approves VAT bill

May 17th, 2016

The Egyptian cabinet this week approved a revised bill for the implementation of VAT and the withdrawal of the existing 10% General Sales Tax. The previous bill had been rejected by Parliament. The latest bill will now be sent to the State Council for review, and then resubmitted to Parliament. The introduction of a Value …