Global Indirect Tax News

A monthly newsletter covering VAT, goods and services tax, sales tax issues, and global trade issues around the globe


EU: Guide to the VAT One Stop Shop

The European Commission has published a Guide to the VAT One Stop Shop, providing details on VAT registration, returns, and payments for the three OSS schemes (union scheme, non-union scheme and import scheme) that will apply in the EU from 1 July 2021.

Canada: 2021-2022 federal budget highlights

Budget 2021-2022 was delivered on 19 April 2021, with indirect tax measures including amendments to the new GST/HST rules (from 1 July 2021) for certain foreign-based suppliers and digital platforms, and measures to facilitate the claiming of input tax credits.

US-China: US extends section 301 tariff exclusions period

On 5 March 2021, the Office of the US Trade Representative again extended the expiration date of the temporary exclusions to the section 301 tariffs on Chinese-origin goods for COVID-19 medical care products, from 31 March 2021 to 30 September 2021.

Australia: Government considers introduction of e-invoicing

The government is considering options to encourage and mandate the adoption of electronic-invoicing. Australia has adopted the Peppol framework for e-invoicing, and the Australian Taxation Office operates as the Peppol authority for Australia.

Cambodia: Decree implementing VAT on foreign e-commerce

On 8 April 2021, the government issued a sub-decree setting out the mechanism for implementing VAT on electronic supplies of digital goods and services for domestic consumption made by nonresidents with no permanent establishment in Cambodia.

Japan: Qualified invoice system for consumption tax

From 1 October 2023, the consumption tax regime will be subject to a new invoicing system: the qualified invoice system. This will require additional information to be included on invoices, similar to the system used by countries with VAT and GST systems.

Download the full newsletter here