World VAT/GST News - October 2018

India

India now requires all electronic marketplaces to retain a GST lump sum of 2 % of the trader transactions and to remit the amount to the tax office. Thus, online marketplace operators need to register for GST purposes in every Indian state to which supplies are made. Further details, regarding the declaration and payment procedure, have yet to be published.

 

Ukraine

The Ukrainian Ministry of Finances has announced that the customs exemption for online purchases will have a new threshold. Effective from 1 January 2019, the threshold will be three online purchases amounting to 150 EUR each/per month, instead of the current total of 150 EUR per month.

Exceeding the exemption threshold will result in the application of customs duties, excise duties and VAT on the online purchases.

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Disclaimer:  The information contained in the present page is general and does not constitute legal advice. Before taking any decision or action on the above information you should take the appropriate professional advice.