- Grenada proposes expanding VAT to cover digital services supplied by nonresident providers to Grenadian consumers.
- The regime targets B2C transactions, with B2B supplies subject to reverse-charge VAT by the recipient.
- Digital services include streaming, online advertising, cloud computing, SaaS, e-learning, and other electronically supplied services.
- Electronic marketplaces may be deemed the supplier for VAT purposes if they process payments, set terms, or facilitate delivery.
- Nonresident digital service providers would be required to register for VAT in Grenada; no registration threshold is specified.
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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