Blogs

Mexico has advised non-resident providers of electronic or digital services to Mexican consumers that they must register for VAT by 1 July 2020. This is one month after VAT is introduced on foreign-so...Continued

The Ukrainian government has prepared a draft budget lowering the standard VAT rate from 20% to 17% on 1 January 2021. Ukraine is proposing to extend the VAT to electronic services provided by non-res...Continued

Russia is to divide its VAT revenues between the federal state and regions. Mirroring systems operated in Canada, Australia and many other countries. A proposal is now with parliament to split the exi...Continued

France is to drop the requirements on those entitled to Postponed Accounting from 1 January 2021. Postponed Accounting allows for the deferral for import VAT, and the elimination of the cash payment a...Continued

The UK government has confirmed plans to introduce full import controls and import VAT on goods coming from the EU after the end of the 11-month Brexit transition period on 31 December 2020....Continued

The Fijian VAT Bill 2020 includes a provision to impose VAT on the non-resident providers of digital services to consumers. This extends to facilitating online marketplaces which take receipt of payme...Continued

Venezuela is to introduce a new, higher VAT rate for transactions settled in foreign currencies or cryptocurrencies....Continued

The UK’s HMRC has paused foreign businesses advance UK VAT registering in preparation for the UK leaving the EU VAT regime. This was a measure introduced in 2019 in preparation for a potential no-deal...Continued

Chile has become the latest country to impose VAT collections obligations on non-resident providers of electronic services to consumers. The Senate has now approved a new law which will oblige VAT reg...Continued

The EU’s ambitious ‘Action Plan on VAT’ reforms are now in full implementation phase. However, 2020 will present stiff opposition to the chief measures. Support for the big headline reform, the Defini...Continued