20 December 2016
The Taiwanese government has now passed the bill which will make it mandatory for non-resident providers of digital services to VAT register and start charging VAT at 5% on their supplies from 1 January 2017.
Currently non-resident businesses providing digital services do not have to charge VAT on their sales to consumers, instead the consumer purchasing the e-service self-declares and pays any VAT due to the Taiwanese tax authorities.
This new tax will likely be applied to a range of electronic services including streaming games, music, apps, films, e-books, e-journals and internet services.
LATEST NEWS
Belgium to cut e-book VAT rate from 1 January 2022
From 1 January 2022, the Belgium tax authorities have confirmed that the VAT rate on the sale of e-books, e-manuals, e-newspapers, and e-magazines sold online...
SEE MORE
LATEST NEWS
Ukraine to apply VAT on digital services from January...
From 1 January 2022, Ukraine will impose VAT at 20% on the sale of e-services to local consumers by non-resident businesses. At present, non-resident...
SEE MORE
LATEST NEWS
Does a UK e-commerce business need an IOSS...
From 1 July 2021, the EU’s new e-commerce VAT reforms will be introduced allowing sellers to no longer pay import VAT at clearance on low-value consignments...
SEE MORE