Postponement of Implementation Guidelines on VAT Compliance for Non-Resident Suppliers of Low-Value Goods

• The Federal Inland Revenue Service has postponed the implementation of the guidelines on the Value-Added Tax simplified compliance regime.
• The postponement is to allow for the development of a seamless process for the collection and remittance of the tax.
• The Service will continue to engage with stakeholders for the effective implementation of the guidelines in the future.
• The implementation of the guidelines on the supply of services and intangibles by non-residents is not affected by this notice.

Source: twitter.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.