VAT news tagged as "Thresholds"

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 …


Europe

EU introduces B2C e-services foreign VAT threshold

August 21st, 2018

Member states of the European Union have been updating their VAT laws to introduce simplified B2C electronic services foreign VAT thresholds. From 1 January 2019, small providers of digital services will be able to charge the VAT of their home country on sales to other EU states’ consumers below a threshold of €10,000 per annum. …


New Zealand

New Zealand scraps GST import threshold 2019

May 1st, 2018

New Zealand is considering withdrawing its low-value consignment stock threshold for import Goods and Services Tax from 1 October 2019. The proposed measure would help reduce tax evasion, and level the playing field for local retailers. A public consultation has now been launched to consider the effects of the measure. Currently, goods bought from foreign online …


Israel

Israel bi-monthly VAT threshold

September 4th, 2017

Israel has lowered for the annual sales threshold for the entitlement to submit bi-monthly VAT returns to ILS 1.49million from  ILS 1.5million.  This new threshold will apply from 1 January 2018. Generally, businesses must complete monthly VAT returns when registered for VAT in Israel.  Returns are due on the 15 of the month following the …


Hungary

Hungary lowers domestic invoice listing threshold

June 18th, 2017

From 1 July 2018, Hungary will recover all VAT-registered businesses to provide a live report of transactions above HUF100,000.  This is a lowering of the planned threshold. The report, Belföldi Összesítő Jelentés Kereskedelmi Partnerenként, are required with the regular VAT return.


Europe

EU VAT MOSS €10,000 threshold

December 4th, 2016

The European Commission has proposed that a VAT registration threshold for cross border sales of electronic services be introduced in 2018.  The move will benefit thousands of micro-businesses who had be drawn into the EU VAT net in 2015 following the introduction of the Mini One-Stop-Shop on B2C e-services rules. The threshold is likely to …


Australia

Australia $75,000 GST threshold on digital services

October 10th, 2015

Australia’s latest exposure draft for the implementation of 10% GST on digital services sold to consumers by foreign providers includes a AUD 75,000 GST registration threshold. Australia is looking to avoid the heavy compliance burden and confusion imposed on companies by the EU 2015 B2C e-services rules, introduced from 1 January 2015. Market places to …


Germany

Germany Intrastat threshold rise to €800,000

September 20th, 2015

German is to increase its Intrastat arrivals (Eingang) threshold from €500,000 to €800,000 per annum from 1 January 2016. There will be no increase to the dispatches (Versand) threshold of €500,000. Intrastat and movements of goods Intrastat is a reporting requirement for businesses moving goods across EU internal borders – excludes imports or exports. It …


United Kingdom

UK wins EU Parliament support on changes to apps, streaming music and video VAT

May 18th, 2015

On Monday 18 May, the European Union Parliament joined the UK in calling for a rethink of the new 2015 EU digital VAT changes. The January 2015 changes shifted the rules on which country’s VAT rate to charge on sales to consumers of e-services.  The reforms also introduced a simplified tax reporting online portal, ‘MOSS’.  …