Historically, if a company supplied services from one country into a foreign jurisdiction, there would be no foreign VAT implications. However, with the advent of the digital world, more and more companies are beginning to offer their services via the internet/digitally. This new form of
The landscape of digital services (or e-services) VAT is constantly changing. While tax authorities around the world scramble to create legislation and processes to monitor VAT for these intangible supplies, companies are either unaware of the changes or simply can’t keep up. However, the need
Once registered for VAT in one or multiple countries, your sales that originate in those countries or sales that are made to customers in those jurisdictions, must be treated in accordance with the local VAT legislation. There is a lot to consider, including: Should VAT
Businesses who provide goods or services in a foreign jurisdiction with a VAT regime must comply with the relevant VAT laws of that country. There are several cases where it will be a legal obligation for a company to register for VAT in the country
Local businesses – defined as having an established entity in a country – must register for VAT if they breach the revenue threshold prescribed by the local tax authorities. This means that most businesses in a VAT regime will immediately (or eventually) need to be
As more companies open their digital shop windows and services to the European market, it becomes vital to understand when is fiscal representation needed for your business. For businesses based outside of the European Union, registering for VAT in certain EU countries requires having a
Acquiring a company VAT number in New Zealand entails registering for domestic GST. With it’s close proximity to Australia and South East Asia, New Zealand is fast becoming a favourable destination for international business.
If your digital services business has not registered for GST in Singapore as yet, time is ticking.
When it comes to tax compliance, especially if you are an internationally operating company, it is important to make sure you are following the right steps in order to submit your VAT returns correctly each time.