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Malaysia Updates Tax Guidance For Digital Services Providers
Malaysia Updates Tax Guidance For Digital Services Providers
by Mary Swire, Tax-News.com, Hong Kong
03 March 2021
Malaysia has comprehensively updated its guidance on the requirement on foreign service providers to collect service tax on business-to-consumer supplies of digital services.
The latest version of the guidance, "Guide on: digital services by Foreign Service Provider (FSP)", replaces earlier guidance last updated in August 2020.
FSPs were required to collect six percent service tax on B2C services from January 1, 2020. Under the regime, foreign services providers who provide digital services to consumers are liable to be registered as a foreign registered person (FRP) when the total value of digital business-to-consumer services in Malaysia exceeds MYR500,000 (USD119,200) in any year.
MalaysiaHong-kongMary-swireService-taxDigital-services-providersForeign-service-providerService-tax-actTaxNewsOffshoreTax-newsE-commerceSweden To Probe E-Commerce And Rental Income Declarations
Sweden To Probe E-Commerce And Rental Income Declarations
by Ulrika Lomas, Tax-News.com, Brussels
03 March 2021
The Swedish tax authority has announced that it will be expending more resources this year on ensuring businesses fully declare income from e-commerce and taxpayers report income from home rentals.
The tax agency noted many Swedes rented out their holiday homes last summer, as a result of the COVID-19 pandemic, and consumers shifted their spending online. Its investigations will focus on both income tax and value-added tax compliance.
The tax agency said it will in particular look at the affairs of small- and medium-sized companies that sell their goods or services online, including to customers overseas.
SwedenBrusselsBruxelles-capitaleBelgiumSwedesSwedishUlrika-lomasTaxNewsOffshoreTax-newsBelgium Gazettes Law For Tax On Securities Accounts
Belgium Gazettes Law For Tax On Securities Accounts
by Ulrika Lomas, Tax-News.com, Brussels
03 March 2021
Belgium has published in its Official Gazette legislation to introduce the country's new tax on securities accounts.
The Law introducing an annual tax on securities accounts was published in the Gazette on February 25, 2021, and is effective from February 26, 2021.
The tax is to be levied on legal and natural persons with investments of more than EUR1m in securities and derived products. It will be charged through taxpayers' securities accounts provided by intermediaries, on the holdings of Belgian individual taxpayers, whether or not they are resident in Belgium, and legal entities.
BrusselsBruxelles-capitaleBelgiumBelgianUlrika-lomasOfficial-gazetteTaxNewsOffshoreTax-newsE-commerce