29 May 2020
From 1 January 2021, Paraguay will extend VAT to non-resident sales of digital services to consumers in the country.
When introduced, the new tax at 10% will be collected via payment providers, such as banks and credit card companies, when the customer makes the payment. The payment providers will then be responsible for paying this over to the Paraguayan tax authorities.
This will be applied to a range of electronic services including streaming games, music, apps, films, e-books, e-journals and internet services.
LATEST NEWS
Romania launches new e-invoicing system
From 1 January 2022, businesses will be able to register for the live VAT e-invoice (the RO e-Factura) reporting in Romania. The new voluntary regime will...
SEE MORE
LATEST NEWS
UPDATE: Singapore writes to e-commerce companies...
The Singaporean tax authorities are writing to global e-commerce businesses to provide further information on how to register for the upcoming Goods and...
SEE MORE
LATEST NEWS
UPDATE: Bulgaria extends the VAT rate reduction to 9%...
The Bulgarian tax authorities have confirmed that the VAT rate applicable on the following goods and services will remain at 9% until after the COVID-19...
SEE MORE