VATupdate

Share this post on

VAT on e-commerce transactions made by non-resident entities without permanent establishment

B2C entities must register for VAT (if the revenue threshold is met), file VAT returns monthly and pay 10% VAT, while for B2B entities, resident taxpayers who conduct online transactions with those entities must collect the 10% VAT output based on the reverse charge mechanism.

Source: BDO

Sponsors:

VAT news
VAT news

Advertisements: