Indonesia to introduce 10% VAT on Digital Services Indonesia is imposing a 10% VAT rate on digital goods and services from July 1 2020. The VAT will be collected by non-resident entities who are selling digital goods or services to buyers located in Indonesia and
Chile introduces 19% VAT on Digital Services From the 1st June 2020, Chile will impose 19% VAT on digital services sold by non-resident businesses to Chilean nationals. The rollout means that foreign digital service providers will have to register for VAT purposes in Chile and
Germany has reduced its standard VAT rates from 19% to 16% and from 7% to 5% for the period of 1 July to 31 December 2020. Although this provision will cost Germany €20 million Euros, it acts as part of Germany’s €130 billion COVID-19 stimulus
The European Commission released a statement on Friday 7th May that it proposes to postpone entry into application of the VAT e-commerce package by 6 months. The EU commission hopes this will ease the pressure off businesses and member states that are facing bigger challenges
The Covid-19 virus is affecting almost every area of business and the VAT implications of Covid-19 are no different.
Mexico has joined the growing number of companies to implement VAT on eCommerce and digital services that are provided to Mexican residents by non-resident businesses.
In a bid to increase revenue to Ukraine’s state budget, the Ukranian tax authorities are proposing a 20% VAT on electronic services provided by foreign digital services companies to Ukrainian customers.