Governments have increasingly turned to trade-related actions to enact domestic and international policy agendas. There are steps organizations may take towards effectively navigating such ever-changing global trade requirements.
An overview of India’s new equalization levy on e-commerce transactions as from 1 April 2020 and of the interaction between the levy and the application of GST on certain cross-border electronic supplies made by nonresident e-commerce operators.
On 13 October 2020, Ireland’s Finance Minister presented Budget 2021, which included a reduction in the VAT rate for the tourism and hospitality sector from 13.5% to 9%, effective as from 1 November 2020 through 31 December 2021, and an increase in carbon tax.
The Royal Decree promulgating the VAT law was published in Oman’s official gazette on 18 October 2020. The legislation will come into effect on 16 April 2021, 180 days from the date of its publication in the gazette and VAT will apply as from that date.