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COVID-19 tax measures including taxation of e-commerce

  • ID
  • April 14th 2020
  • By Abdullah Azis

The Government has introduced a Regulation intended to secure national economic stability during the COVID-19 pandemic via  policy changes in the areas of taxation, government spending and financing. Many of the changes mirror, but bring forward, the tax law changes envisaged by the Omnibus Tax Bill that was previously proposed and is currently being discussed in Parliament. The measures include the local taxation of e-commerce through subjecting supplies made by 'foreign e-commerce players' to VAT, and a new 'electronic transaction tax' (ETT) that will be applicable to any foreign 'over the top' (OTT) companies, including e-commerce businesses. However, detailed implementing regulations are awaited.

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