retail News

OECD Releases E-Commerce VAT Toolkit For Asia-Pac States
by Ulrika Lomas, Tax-News.com, Brussels
Monday, March 21, 2022
On March 10, the OECD released a new VAT Digital Toolkit for Asia-Pacific (APAC) nations. The toolkit is intended to support local tax authorities to better collect value-added tax on e-commerce activities. Read Full Story

UK Announces Tax Breaks For Businesses In 2022 Budget
by Jason Gorringe, Tax-News.com, London
Monday, November 1, 2021
With the UK corporate tax rate set to rise 25 percent from April 2023, the UK Government has announced various tax proposals that are intended to support businesses and the UK economy, in the newly released 2022 Budget. Read Full Story

Indonesia To Shoulder Retailers' VAT On Rental Costs
by Mary Swire, Tax-News.com, Hong Kong
Tuesday, August 10, 2021
The Indonesian Government has legislated to shoulder the value-added tax liability of retail businesses on rent and service charges due between August and October 2021. Read Full Story

Mexico Publishes Second Report On Industry-Average Tax Burdens
by Mike Godfrey, Tax-News.com, Washington
Friday, August 6, 2021
On August 1, 2021, Mexico's federal tax authority released a second report on the effective corporate tax paid by large businesses in various economic sectors. Read Full Story

Bermuda Consults Industry On New Conduct Of Business Regime
by Jason Gorringe, Tax-News.com, London
Wednesday, January 13, 2021
The Bermuda Monetary Authority on December 15, 2020, released a new consultation paper on its proposal for a conduct of business regulatory regime to better protect retail investors. Read Full Story

Digital VAT Regimes Vital To Buoy Countries' Tax Takes: Report
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, December 10, 2020
The OECD has released its annual Consumption Tax Trends report, which highlights that with VAT rates at an all-time high, governments should ensure they have effective VAT frameworks in place to tax e-commerce. Read Full Story

France Lowers Threshold For Tourist VAT Refunds
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, September 22, 2020
France has cut the amount that tourists must spend to claim back the VAT on their purchases. Read Full Story

France Expands COVID-19 Tourism Sector Support Scheme
by Ulrika Lomas, Tax-News.com, Brussels
Monday, August 31, 2020
The French Government is extending its COVID-19 financial support package for the tourism sector to various additional business types. Read Full Story

Switzerland Eases VAT Refund Rules For Tourists
by Ulrika Lomas, Tax-News.com, Brussels
Friday, August 7, 2020
Effective August 1, 2020, Switzerland relaxed the rules for tourists seeking to export goods free from tax. Read Full Story

UK Considering New Online Sales Tax
by Jason Gorringe, Tax-News.com, London
Friday, July 31, 2020
Alongside a review into the reform of the business rates system (commercial property tax) in the UK, the Government is looking at possible taxes that could replace or supplement the regime, including a new tax on online sales. Read Full Story
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