VAT

CAMBODIA: VAT Registration Again Extended for Non-Resident E-Commerce Firms

07 February 2022

Non-resident e-commerce firms supplying Cambodia now have until 31 March 2022 to register for value-added tax (VAT). More

hktdc research

EU’s New VAT E-Commerce Rules for Low Value Imports

28 December 2021

Hong Kong traders selling low value goods in consignments of intrinsic value at import not exceeding €150 to EU consumers by means of internet or distance B2C sales may be interested in more details about the new VAT rules which took effect from 1 July 2021. More

hktdc research

SAUDI ARABIA: Changes Made to VAT on Imports by Customs Authority

07 October 2021

Saudi Arabia’s Zakat, Tax and Customs Authority announced changes to the value added tax (VAT) charged on imports on 26 September 2021. More

hktdc research

PHILIPPINES: Digital Transaction Tax to Come Into Effect in 180 Days

29 September 2021

Moves to impose VAT of up to 12% on all of the country’s digital transactions have inched towards implementation following the approval of facilitatory legislation by the lower house of Congress. More

hktdc research

CAMBODIA: Non-Resident E-Commerce Vendors Now VAT-Liable

27 September 2021

Non-resident e-commerce vendors supplying goods and services to local consumers are now obliged to pay VAT on all related transactions. More

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THAILAND: Guide to New VAT Obligations of Overseas Online Vendors Published

16 August 2021

A Guide to VAT on Electronic Services Provided to Non-VAT Registrants in Thailand by Non-resident Business Persons has been issued by the country’s Revenue Department. More

hktdc research

PHILIPPINES: 12% VAT on Exporter Inputs Suspended

06 August 2021

The imposition of a 12% VAT levy on previously zero-rated exporter transactions has been suspended. More

hktdc research

THE PHILIPPINES: 12% VAT Introduced for Raw Materials and Packaging

22 June 2021

New regulations imposing 12% VAT on previously zero-rated goods and services have been issue by the Bureau of Internal Revenue (BIR), the Philippines’ tax authority. More

hktdc research

CAMBODIA: New VAT Obligations for Non-Resident Businesses

13 May 2021

Non-resident businesses (with no physical establishment in the country) that supply goods or services electronically to consumers in Cambodia are now obliged to register for VAT with the tax authority if their actual/estimated revenue exceeds the designated thresholds for self-assessed taxpayers. More

hktdc research

China Announces Five-Year Import Tax Exemption to Support Popular Science Development

07 May 2021

According to a circular jointly issued by the Ministry of Finance, the General Administration of Customs and the State Taxation Administration on 9 April (Cai Guan Shui No. 26 [2021]), all science museums, natural museums and planetariums open to the public are exempt from import duties and import VAT when importing the following items during the 14th Five-Year Plan period (between 1 January 2021 and 31 December 2025). More

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