2 November 2023
Sierra Leone has imposed a Goods and Service Tax (GST) at 15% on the sale of electronic services by non-resident suppliers to consumers in the country.
The new tax will require foreign providers of electronic services to register for GST if they exceed an annual registration threshold of SLE 350,000 (approx. £15,000). It’s hoped that introducing this new requirement will remove the unfair advantage that not charging VAT gives to non-resident companies over resident providers.
This tax will apply to a range of digital services, including streaming games, music, apps, films, e-books, software, and internet services.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
We help you simplify today’s complexities and address tomorrow’s challenges. The values we represent, and our consistent advice, mean you can trust Fiscal Solutions to do the right thing – for you and your organisation.
LATEST NEWS
Reminder: Finland standard VAT rate increase from...
A reminder that the Finnish standard VAT rate will increase from 24% to 25.5% on 1 September 2024. This increase will make the Finnish standard VAT rate the...
SEE MORE
LATEST NEWS
Estonia to end Covid-related reduced VAT rate cuts...
Estonia will increase the VAT rate on the following supplies from 1 January 2025: Accommodation services from 9% to the 13% reduced VAT rate. Newspapers both...
SEE MORE
LATEST NEWS
South Africa scraps low value import VAT exemption
On 1 September 2024 the South African Revenue Service (SARS) will scrap its current import VAT exemption on low value goods. This import VAT exemption allows...
SEE MORE