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VATITe-services service Digital Services Business from across the world.
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Many digital services businesses do not know whether they must register for VAT or not.
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Digital Services are services provided online, based on communications and information technology. These services are web and cloud-based. What makes Digital Services so interesting is the accessibility of any Digital Services company to almost any consumer in the world, if they have access to a mobile or laptop and the internet.
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The Digital economy is growing two and a half times faster than the global GDP, and governments globally are trying to tax the resulting revenue - mostly jurisdictions that are not home to the largest companies in the digital economy. ​
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The Digital economy is equivalent to 15.5% of the global GDP and counting.
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Global expansion has sparked a lot of debate around the regulation and legal realms. Therefore the introduction of Digital Services Tax was introduced in many jurisdictions.
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If you provide Digital Services in more than one country it might be time for you to check your status. Contact us today and find out if you are liable for Digital Services Tax.
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Click here to read more on the tax invoice requirements for foreign electronic services providers
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Read more on our article on using intermediaries for the supply of electronic services
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NOT SURE IF YOU ARE A DIGITAL SERVICES PROVIDER?
sEE SOME EXAMPLES BELOW
ONLINE GAMING
Payroll is not possible without an experienced expert. We provide the most skilled payroll experts to our clients.
E-COMMERCE WEBSITES
E-commerce sites are websites that buy and sell goods and services online through their web platform.
CLOUD-BASED SOFTWARE
A cloud-based software solution refers to applications, storage, on-demand services, computer networks, or other resources accessed with an internet connection through another provider's shared cloud computing framework.
MUSIC STREAMING SERVICES
Music streaming services are web-based services that let users stream songs to their computers or mobile devices.
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The first step provides clients with a free assessment. The specialist will assess whether you have any liability in the jurisdiction of your inquiry. Different countries have different requirements regarding Digital Services Tax. The specialists analyze the initial assessment before deciding on the next steps.
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After our specialist has analyzed your potential liability, further questions get asked to finalize your business needs.
Our Digital Tax Specialist can then make a final decision on the needs of the business regarding the specific jurisdiction of operation.
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The in-depth opinion provides further information to you on the possible tax liability and instructions on what to do. The document also states how to register and avoid potential penalties
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The in-depth opinion provides you with the right tools to make an informed decision. However, should you not want to do this yourself, our Digital Tax Specialists can jump in.
Our specialists can handle the registration from beginning to end, taking the pain and hassle away from you, so you can focus on other business functions.
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