However, under GST, the turnover limit has been lowered to Rs 20 lakh, thus increasing the tax burden for many manufacturing startups. This change has posed some challenges for startups, as they have to adjust to the new tax regime and comply with the GST rules and regulations. ...
Shipping to New Zealand: New GST Regulations from 1st December 2019 On June 26th, the GST Offshore Supplier Registration Bill was passed in New Zealand, which requires overseas vendors to charge Goods and Services Tax (GST) on low-value goods entering the country. Under this new regulation, t...
1. Goods and Services Tax (GST) Since 1 January 2023, imported goods that are valued at more than S$400 are subject to an 8% GST fee, which is paid to the Singapore tax department. This comes after the 2022 Budget, which announced that the GST h...
This reduces the need for separate rules and helps you optimize your workflow limit. 17 October 2024 Write Off Customer Opening Balance If a customer is unlikely to pay their outstanding balance, if there are discrepancies, or if the account has remained outstanding for an extended period, you ...
On July 1, 2021, new EU tax regulations will come into play whenthe European Union (EU) Value-Added Tax (VAT) eCommerce packagetakes effect. The changes are a major overhaul of current tax rules, designed to simplify processes and administration for merchants. They will impact virtually every...
Partial harmonization of the GST with provincial sales taxes in the Atlantic region has created new rules and regulations for GST registrants. The most significant of these are the HST place-of-supply rules and the tax-inclusive pricing requirements....
The Department of Telecommunications, within the Union Ministry of Communications, has established the guidelines that allow State and Union Territory authorities to impose internet shutdowns. What are the Telecommunications (Temporary Suspension of Services) Rules, 2024? According to the Telecommunications...
Kuwait is undergoing a series of notable updates, ranging from the announcement of a public holiday to significant changes in visa rules for expatriates and adjustments to work permits. These developments reflect the evolving landscape of the country’s policies and regulations, impacting ...
Use a configurable tax determination matrix and flexible calculation designer to configure and execute complex tax determination rules and calculations by using formulas and conditions. Simplify compliance maintenance for local tax regulations. Wi...
At Shopify, we’re committed to helping you start, run, and grow your business. As rules and regulations change, we’re working hard to help you stay on top of your tax game. Because whenunderstanding your tax obligationsis a breeze, you have more time to focus on making your business ...