VAT obligations extended for South Korea
11th July 2019: VAT obligations have been extended on digital services as of July 2019 for South Korea.
South Korea plans to extend the VAT obligations on digital services for non-residents as of 1 July 2019.
Foreign providers of the following services will need to be compliant with the new regulations:
- Intermediaries of peer-to-peer services;
- Cloud computing;
- Online advertising
There is a simplified e-services VAT registration regime that can be used by the providers. This regime only allows for the declaration of tax outputs.
See more Taxback International Articles
What are your VAT deadlines?
12th December 2019: We've listed the 3 major deadlines you need to know to reclaim VAT on your business travel.
Expected VAT rate changes in 2020
12th December 2019: Czech Republic, Hungary, Ireland and Poland are amongst the countries to be impacted by VAT rates changes in 2020.
Switzerland: Mandatory VAT return e-filing in 2020
27th November 2019: Switzerland is one of the last countries to allow paper filing but the electronic submission of the Swiss VAT return will become obligatory from 1/1/2020.