Go to main navigation
Go to main content
This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our
PRIVACY POLICY
for more information on the cookies we use and how to delete or block them.
Go to BDO global home page
BDO
Tax News
Homepage
Corporate Tax News
Issue 67 - August 2023
Archived Issues
Explore Corporate International Tax services
See all
Close Menu
Indirect Tax News
Issue 3-2023
Archived Issues
Explore Indirect Tax Services
See all
Close Menu
GES News
September 2023 Issue
Archived Issues
Explore Global Employer Services
See all
Close Menu
Transfer Pricing News
Archived Issues
Explore Global Transfer Pricing Services
Issue 43 - June 2023
See all
Close Menu
Global Tax Alerts
Home
>
Indirect Tax News
>
INTERNATIONAL - Indirect tax bytes
INTERNATIONAL
Indirect Tax News - January 2022
Indirect tax bytes
Bahamas:
As announced in October 2021, the standard VAT rate dropped from 12% to 10% on 1 January 2022. The Bahamian tax authorities have issued
guidance
that confirms the rate change, along with FAQs.
Bahrain:
The standard VAT rate increased from 5% to 10% on 1 January 2022, subject to certain transitional rules which will allow the lower rate to continue to apply during calendar year 2022. The tax authorities have issued a
guide
on the application of the new and old rates.
Belgium
: The tax authorities published guidance on 20 December 2021 on the VAT treatment of the installation of electric vehicle charging stations and related supplies of goods and services.
Cambodia
: Guidance released on 8 September 2021 provides further details on the VAT rules introduced on 8 April with respect to e-commerce activities (i.e., the digital supply of goods and services and other e-commerce-related activities) engaged in by nonresident entities that do not have a permanent establishment in Cambodia. The guidance covers supplies to both Cambodian individual and businesses. Such nonresidents must register for VAT if they expect to have annual turnover of at least KHR 250 million or expected turnover within any three consecutive month period in 2021 of at least KHR 60 million; registration must take place within 30 days of meeting the turnover threshold. Nonresidents making digital supplies must file a VAT return. Where the supply is to a private consumer, the nonresident must pay the 10% VAT due, but for B2B supplies, the reverse charge will apply. Penalties will be imposed for noncompliance.
Finland:
In a
press release
issued on 31 December 2021, the government announced that a law published in the official gazette on the same date provides that at-home COVID-19 tests sold in Finland and those imported from abroad are exempt from VAT during calendar year 2022. As a result, companies will be able to deduct VAT included in the purchases.
Laos:
The standard VAT rate reduced from 10% to 7% as from 1 January 2022.
Malaysia:
The Royal Malaysian Customs service released
guidance
on 31 December 2021 that provides information on the voluntary disclosure and amnesty program in the 2022 Budget. The program applies to a variety of indirect taxes and offers taxpayers (both companies and individuals) an opportunity to voluntarily disclose any outstanding tax liabilities and pay the relevant tax.
Oman:
In December 2021, the tax authorities released a guide that sets out the VAT registration procedures for nonresidents, as well as the obligation to appoint a VAT representative (see the
article
in the October 2021 issue of
Indirect Tax News
). The authorities issued another guide in January 2022 that clarifies the VAT treatment of transactions in the oil and gas sector, including the supply chain in the Omani energy sector.
Poland:
The effective date of the new VAT grouping rules, which was expected to be 1 January 2022, has been postponed to 1 July 2022 (for prior coverage, see the
article
in the October 2021 issue of
Indirect Tax News
).
Ukraine:
Beginning in 2022, nonresident suppliers of digital services to private consumers and non-VAT-registered individual entrepreneurs must register for VAT purposes in Ukraine, collect the 20% VAT due and remit it to the State Tax Service (STS). The STS issued guidance on 10 December 2021, which clarifies that a nonresident supplying digital services to Ukraine under an intermediary agreement need not register as a VAT payer if certain requirements are met.
Back to overview