Our professional and specialized VAT team is always informed with the latest VAT updates and regulations from around the world. Here you will find all you need to know regarding all the latest VAT news and information.
Canada: Online platform operators and streaming service providers in Manitoba pay 7% retail sales tax, effective Dec. 1, 2021
The Federal Tax Authority of UAE provided clarification on goods supplied in a designated zone and connected shipping or delivery services.
On September 30, 2021, the Parliament of Lithuania (Seimas) has accepted to consider a Bill No. XIVP-892 setting a 5 percent reduced VAT rate for natural gas and thermal energy supplied to household energy consumers. The law would enter into force Jan 1, 2022 until May 1, 2022.
Measures for indirect tax included in the budget areset to: simplify the VAT treatment of fund management fees; freeze the tax rates of the carbon price support, the aggregates levy, the fuel duty, and the alcohol duty; increase landfill tax rates; introduce a new domestic band for the air passenger duty covering flights within the U.K.
From January 1, 2022, e-commerce and digital businesses need to register and declare tax on B2C transactions. Digital platforms like Netflix, Steam, Ebay or Amazon will also have to pay taxes in Vietnam.
UGANDA: From November 2021, non-resident companies can register and file VAT on electronic services from a special portal.
European countries incentivize users to choose EV over gasoline or diesel cars through taxation and infrastructure charging. The Netherland is the world’s leader in EV adoption.
From 1 January 2022, Intrastat will only apply for movements of goods between Northern Ireland (NI) and the European Union (EU). Movements between Great Britain (England, Scotland and Wales) and the EU will no longer be covered by Intrastat.
Download GVC’s free guide to the One-Stop Shop (OSS) scheme to inform and guide your business about the new EU VAT changes and their implications.