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Indonesia levies VAT on foreign e-commerce 1 July 2020

Indonesia is planning to bring non-resident e-commerce sellers into the VAT net on 1 July 2020. Legislation is agreed for foreign providers of goods and services online to Indonesian consumer to be ob...Continued

VAT

Nigeria delays 2020 VAT rise to 7.5%

The Nigerian government has postponed rising Value Added Tax standard rate from 5% to 7.5% of 1 January 2020.. The rise will need the agreement of the National Assembly. The increase will likely be pu...Continued

VAT

Angola implements 14% VAT

Angola has today introduced a 14% VAT regime. This replaces the existing 10% Consumption Tax. The indirect tax was originally intended to be implemented on 1 January 2019....Continued

VAT

UK VAT return after Brexit

How to account in a UK VAT return for UK import VAT under the Postponed Accounting regime on goods coming from the EU after Brexit....Continued

VAT

France mandatory B2B VAT e-invoices 2023

France is to impose mandatory electronic invoices on B2B from January 2023. This will include a pre-approval clearance of the invoices via the government’s Chorus Pro portal. This is already in operat...Continued

VAT

Zambia stops replacement of VAT with sales tax

Zambia has dropped plans to replace its Value Added Tax regime with a sales tax. This was largely due to opposition from businesses sectors, fearful of the compound nature of the sales tax and inabili...Continued

VAT

Germany cuts rail VAT

Germany has announced a reduction in the VAT rate applied on train journeys from the standard rate 19% to the 7% reduced VAT rate. The measure is part of a range of proposals to reduce the environment...Continued

VAT

Israel scraps $75 VAT import exemption

The Israeli Ministry of Finance is proposing to withdraw the $75 import VAT and customs exemption on personal packages. The exemption includes shipping and insurance costs. There is a customs only exe...Continued

VAT

Saudi Arabia should double VAT to 10%

The International Monetary Fund (IMF) has recommended that Saudi Arabia double its VAT rate from 5% to 10%. The IMF stated that, with continued depressed oil prices, the kingdom’s deficit is set to c...Continued

VAT

Nigeria e-commerce VAT 2020 plan

The Nigerian Federal Inland Revenue Service, ‘FIRS’, has confirmed plans to impose 5% Value Added Tax on online transactions from 1 January 2020. This will apply to resident and non-resident sellers o...Continued