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.
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.
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.
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.
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.
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.