Asia – Pacific
Georgia
- VAT Reporting and Payment Rules for Foreign Companies Rendering Digital Services per 1 October 2021
- Per 1 October 2021, a VAT obligation (without the obligation to register as a VAT payer) arises for foreign taxable persons who provide digital services to be used in the territory of Georgia by non-VAT registered natural persons (for B2B the reverse charge applies).
India
-
Recommendation of the 45th Meeting of India’s GST Council
- E-commerce operators are liable to pay tax on the following services provided through e-commerce operators from 1 January 2022:
- Transport of passengers, by any type of motor vehicle; and
- Restaurant services, with some exceptions
- A change in the filing frequency of Form GST ITC-04, which is currently required on a quarterly basis in order to claim input tax credits on job work. This will be changed to a filing every 6 months for taxpayers with annual turnover over INR 50 million and an annual filing for taxpayers with annual turnover up to INR 50 million.
- GST rate recommendations are made for several different supplies, including the extension of concessional rates for COVID-19 treatment drugs to 31 December 2021 as well as the introduction of concessional rates for additional COVID-19 treatment drugs until that date.
- E-commerce operators are liable to pay tax on the following services provided through e-commerce operators from 1 January 2022:
Indonesia
- 2022 Budget
- Increasing the standard VAT rate from 10% to 12%
- Introduction of varied rates of 5% to 25% for certain goods and services
- Removal of most VAT exemptions
Phillippines
- House of Representatives Approves Legislation to Impose VAT on Digital Services
- On 21 September 2021, The Philippines House of Representatives approved in its final reading House Bill No. 7425, an Act Imposing Value-Added Tax on Digital Transactions in The Philippines, which provides for the imposition of VAT on digital non-resident digital service providers. The bill must now be approved by the Senate.
