DLA Piper launches Global Digital Services VAT Guide
DLA Piper has launched the fourth edition of its Global VAT Guide on Digital Services, covering cross-border supplies of digital content, intangible services and, more generally, the various forms of e-commerce.
The guide, which provides a country-by-country overview of VAT law, is a tool to help businesses avoid costly pitfalls in international services given that revenue authorities around the world are increasingly focused on taxation issues in the growing e-commerce sector.
The guide highlights major international VAT developments including: important VAT changes concerning e-commerce; essential developments in the Mini One Stop Shop procedure; and the relevant current tax regulations in different countries.
DLA Piper's Tax partner, Richard Woolich, who heads up the firm’s VAT group, commented: "Tax authorities throughout the world are increasingly focused on reducing the VAT gap by ensuring that VAT is properly collected on cross border digital transactions into the EU market. Collecting data from payment providers, marketplaces and suppliers is an area of focus for the EU, and the EU VAT package of 2021 will involve further changes including the expansion of the One Stop Shop which businesses must prepare for. For any business looking to sell into foreign markets, it is a critical time to consider the VAT rules in the jurisdiction where the customers are based and remain informed of changes and developments in key markets. Ignoring VAT can be very costly.”
