The 2012 worldwide VAT, GST and sales tax guide

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492 P AKISTAN • Services provided or rendered by persons engaged in contractual execution of work or furnishing supplies • Construction services • Services rendered by money exchangers C. Who is liable A taxable person is a business that is required to register for sales tax. Taxable persons include the following: • Manufacturers whose taxable turnover in the preceding 12 months exceeded PKR 5 million or whose utility bills (gas, electricity and telephone) exceeded PKR 700,000 • Retailers whose taxable and nontaxable turnover in the preceding 12 months exceeded PKR 5 million • Importers • Wholesalers (including dealers) and distributors • Commercial exporters • Businesses that supply taxable services Sales tax registration is required for every taxable person. Supplying taxable goods without a sales tax registration is tax fraud. Deregistration. A business that ceases operations or whose supplies become exempt from sales tax must apply for cancellation of its sales tax registration. Late-registration penalties. A penalty of PKR 10,000 or 5% of the tax due, whichever is greater, is assessed for failure to register for sales tax. Failure to register within 60 days after beginning a taxable activity may be punishable by a term of imprisonment of up to three years, if the person is convicted by a Special Judge, or by a fine of up to the amount of tax involved, or both. D. Sales tax rates The term “taxable supplies” refers to supplies of goods and services and to imports that are liable to sales tax. The following are the sales tax rates: • Standard rate: 16% • Other rates: 4%/6%/19.5%/22% • Zero rate (0%) The standard tax rate of 16% is imposed on the value of the supply of goods. However, in certain cases, the value of the supply of certain goods is based on the manufacturer’s retail price (not the sales price). Export supplies are zero-rated (that is, taxed at 0%). The zero rate also applies to imports by and local supplies made to businesses operating in certain export-oriented sectors. Certain activities are exempt from sales tax. This means that no sales tax is chargeable but the supplier has no right to claim input tax on related purchases (see Section F). Certain goods are subject to the higher sales tax rates of 19.5% or 22%, and telecommunication services are subject to a higher rate of 19.5%. A 16% rate applies to services. The following tables list examples of exempt and zero-rated goods and goods taxed based on the manufacturer’s retail price (these lists are not exhaustive). Examples of exempt supplies of goods Agricultural products, including milk, eggs, fish, meat and fresh vegetables Pharmaceuticals
Newspapers and books Educational and scientific materials Equipment for fighting AIDS and cancer P AKISTAN 493 Examples of zero-rated supplies of goods Exports Supplies to diplomats, diplomatic missions, privileged persons and privileged organizations Supplies made under international tenders Supplies of stores and provisions for consumption aboard a conveyance proceeding to a destination outside Pakistan Imports and supplies by certain registered export-oriented sectors, which are leather and textiles goods, carpets, sports goods, and surgical goods Examples of goods taxed based on the manufacturer’s retail price Fruit juices and vegetable juices Ice cream Aerated water or beverages and drink syrups Cigarettes Toilet soap, detergents, shampoo, toothpaste and shaving cream Perfumery and cosmetics Tea Powder drinks and milky drinks Examples of goods taxed at the higher rate of 19.5% Flat rolled products of iron or nonalloy steel, stainless steel and other alloy steel Examples of goods taxed at the higher rate of 22% Certain chemicals Certain paper and paperboard Certain types of glass Certain plastics and polymers Pig iron, ferroalloys and refined lead Aluminum Asbestos Special provisions for importers. Importers must pay additional sales tax at a rate of 3% above the normal sales tax rate payable at the import stage. The 3% tax is considered as a minimum value addition tax and can be claimed as input tax. Any excess input tax can be carried forward. However, it is not refundable. The 3% tax does not apply to goods that are imported by a manufacturer for in-house consumption. Special provisions for retailers. Persons registered as retailers must pay sales tax and income tax on a combined basis (without any adjustment for input tax). The following are the rates. Quarterly turnover Sales tax rate Up to PKR 1,250,000 Nil More than PKR 1,250,000 0.5% of turnover and up to PKR 2,500,000 in excess of PKR 1,250,000 More than PKR 2,500,000 PKR 6,250 plus 0.75% of turnover exceeding PKR 2,500,000
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The 2012 worldwide VAT, GST and sal
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Although this publication is intend
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Germany (European Union member stat
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Ernst & Young Global Tax contacts 1
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Albania 3 (Country code 355 ) Tiran
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A LBANIA 5 Examples of zero-rated s
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A LBANIA - ARGENTINA 7 For a taxpay
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A RGENTINA 9 • Reverse-charge ser
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Interest on bank accounts and fixed
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A RGENTINA 13 exports. A VAT invoic
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A RMENIA 15 • Supply of goods (in
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A RMENIA 17 Supply of goods and ser
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A RMENIA 19 maintain separate accou
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A RUBA 21 A. At a glance Name of th
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A RUBA - AUSTRALIA 23 An RT credit
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B. Scope of the tax A USTRALIA 25 G
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A USTRALIA 27 of a GST return, as p
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A USTRALIA 29 available if the expe
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A USTRALIA - AUSTRIA 31 by the 21st
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A USTRIA 33 one or more entities th
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A USTRIA 35 Effective from 1 Januar
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A USTRIA 37 2006/112 (general busin
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A USTRIA 39 in either an increase o
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A USTRIA 41 supplier’s and custom
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Izmir str., 1033 Baku AZ1065 Azerba
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A ZERBAIJAN 45 involve lifting and
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A ZERBAIJAN - BARBADOS 47 VAT on im
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B ARBADOS 49 Transportation service
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Belarus 51 (Country code 375 ) Mins
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D. VAT rates B ELARUS 53 The term
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B ELARUS 55 A taxpayer must confirm
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B ELARUS 57 from the total amount o
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B ELGIUM 59 Franky De Pril (Customs
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B ELGIUM 61 Businesses that are est
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B ELGIUM 63 Intra-Community acquisi
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B ELGIUM 65 request a refund of the
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B ELGIUM 67 of goods, the threshold
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VAT return period Thresholds Regist
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B OLIVIA 71 entity regulated by the
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BES-ISLANDS 73 Other 7% Sint Eustat
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Services to a trading and services
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B OTSWANA 77 Nonestablished busines
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B OTSWANA 79 The following tables p
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B RAZIL 83 Federal VAT. The Federal
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B RAZIL 85 uses the same tariff cla
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B RAZIL 87 • The most frequent re
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B RAZIL - BULGARIA 89 • The taxpa
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B ULGARIA 91 Community acquisitions
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B ULGARIA 93 date on which the invo
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B ULGARIA 95 • Office • Bureau
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B ULGARIA - CANADA 97 The penalty f
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GST/HST return periods Thresholds R
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C ANADA 101 “Commercial activity
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C ANADA 103 rate will increase to 9
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C ANADA 105 Temporary recapture of
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C ANADA 107 If the supplier deliver
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VAT return periods Thresholds Regis
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C HILE 111 performance of activitie
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C HINA 113 Indirect tax contact Ken
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C HINA 115 • “Processing servic
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C HINA 117 agent. If such unit or i
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C HINA 119 Products imported by org
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C HINA 121 • The purchase of taxa
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C HINA 123 A VAT invoice may only b
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Authentication and consulting servi
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C HINA - COLOMBIA 127 The Chinese V
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C OLOMBIA 129 • The taxpayer is n
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C OLOMBIA 131 incurred by the const
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C OLOMBIA - COSTA RICA 133 operator
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C. Who is liable C OSTA RICA 135 A
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C OSTA RICA 137 G. Recovery of VAT
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C ROATIA 139 Administered by Minist
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C ROATIA 141 Late-registration pena
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C ROATIA 143 addition to the genera
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C ROATIA 145 • Confirmation of it
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C ROATIA - CURAÇAO 147 • Late fi
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C URAÇAO 149 Small enterprises. A
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I. TOT returns and payment CURAÇAO
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C YPRUS 153 after the creation of t
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C YPRUS 155 Examples of goods and s
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C YPRUS 157 Input tax directly rela
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C YPRUS 159 The minimum claim perio
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C YPRUS - CZECH REPUBLIC 161 If the
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C ZECH REPUBLIC 163 application for
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C ZECH REPUBLIC 165 year. Otherwise
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C ZECH REPUBLIC 167 • The last da
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C ZECH REPUBLIC 169 The adjustment
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C ZECH REPUBLIC 171 • The payment
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C ZECH REPUBLIC - DENMARK 173 The E
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D ENMARK 175 Nonestablished busines
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D ENMARK 177 charge” mechanism, w
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D ENMARK 179 Claims must be submitt
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D ENMARK - DOMINICAN REPUBLIC 181 E
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D OMINICAN REPUBLIC 183 The above p
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H. Invoicing D OMINICAN REPUBLIC 18
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B. Scope of the tax E CUADOR 187 VA
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H. Invoicing E CUADOR - EGYPT 189 V
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D. GST rates E GYPT 191 The standar
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E GYPT 193 • The first 3 years of
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B. Scope of the tax E L SALVADOR 19
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F. Recovery of VAT by taxable perso
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E STONIA 199 A. At a glance Name of
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D. VAT rates E STONIA 201 The term
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E STONIA 203 does not apply to supp
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E STONIA 205 Refunds. If the amount
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E STONIA 207 Foreign-currency invoi
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E UROPEAN UNION 209 principle,” w
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E UROPEAN UNION 211 Transfers deeme
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E UROPEAN UNION 213 to-business (B2
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(VAT registration, reporting and pa
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• Original invoices, import docum
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F INLAND 219 • Reverse-charge goo
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F INLAND 221 Late-registration pena
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F INLAND 223 is generally recovered
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F INLAND 225 yearly adjustment is 1
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F INLAND 227 • The quantity and n
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F INLAND - FRANCE 229 Penalties. Fo
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F RANCE 231 • The intra-Community
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Examples of goods and services taxa
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F RANCE 235 supplies (which may be
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F RANCE 237 the VAT amount charged
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G EORGIA 239 Indirect tax contacts
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G EORGIA 241 Nonestablished busines
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G EORGIA 243 Contribution of assets
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G EORGIA 245 The claim for input VA
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G EORGIA 247 Refund of VAT paid on
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G ERMANY 249 Berlin GMT +1 Ernst &
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C. Who is liable G ERMANY 251 A tax
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G ERMANY 253 refers to supplies of
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G ERMANY 255 The following tables s
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G ERMANY 257 Claims must be submitt
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G ERMANY 259 • The amount and cus
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Ghana 261 (Country code 233 ) Accra
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G HANA 263 Examples of goods and se
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G HANA 265 claim for refund to the
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European Union (EU) member state Ad
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G REECE 269 In Greece, the VAT rate
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G REECE 271 tax in full. This situa
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G REECE 273 scanned copies of relev
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G REECE - GUATEMALA 275 INTRASTAT r
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G UATEMALA 277 • Certain donation
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G UATEMALA 279 Imported goods. The
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G UATEMALA - HONDURAS 281 Penalties
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H ONDURAS 283 Nonestablished busine
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H ONDURAS 285 for input tax credit.
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H UNGARY 287 Administered by Minist
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H UNGARY 289 In general, businesses
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H UNGARY 291 Examples of items for
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H UNGARY 293 established, certifyin
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H UNGARY - INDIA 295 Penalties may
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I NDIA 297 Examples of taxable serv
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Examples of goods taxable at the 5%
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I NDIA 301 Service Tax. Credits are
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I NDIA - INDONESIA 303 Interest VAT
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I NDONESIA 305 which applies to exp
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I NDONESIA 307 the delivery of good
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I NDONESIA - IRELAND 309 Indonesian
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I RELAND 311 The VAT registration t
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I RELAND 315 activities) is deducti
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Repayment interest. Claims are norm
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I RELAND - ISLE OF MAN 319 based on
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I SLE OF MAN 321 • The intra-Comm
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I SLE OF MAN 323 deliberate and con
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I SLE OF MAN 325 Imported goods. Th
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I SLE OF MAN 327 buildings and 1/5
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I SLE OF MAN 329 Taxable persons th
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I SLE OF MAN - ISRAEL 331 Penalties
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C. Who is liable I SRAEL 333 A taxa
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I SRAEL 335 F. Recovery of VAT by a
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European Union (EU) member state Ad
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I TALY 339 Late-registration penalt
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I TALY 341 Input tax includes VAT c
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I TALY 343 Frequent exporters. The
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I TALY 345 Invoices issued in a for
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I TALY - JAPAN 347 by the 25th day
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D. Consumption tax rates J APAN 349
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J APAN - JERSEY 351 Foreign-currenc
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J ERSEY 353 • If, on any day, rea
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J ERSEY 355 • A direct attributio
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GST rates GT rates Standard 16% Red
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J ORDAN 359 Some goods and services
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J ORDAN 361 The following tables pr
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J ORDAN 363 • The exporter must r
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J ORDAN - KAZAKHSTAN 365 If a tax r
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K AZAKHSTAN 367 connected with immo
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K AZAKHSTAN 369 • Receipt of pass
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K ENYA 371 Indirect tax contacts Ge
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K ENYA 373 Supplies VAT schedule Ex
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K ENYA 375 The Commissioner General
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K OREA 377 Indirect tax contacts Ch
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K OREA 379 Tax manager. In certain
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K OREA 381 or any other payment ter
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K OREA 383 • The value of the sup
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K OREA - LATVIA 385 A trader also m
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L ATVIA 387 The VAT registration th
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L ATVIA 389 The following tables li
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L ATVIA 391 for intra-Community acq
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L ATVIA 393 • The overpaid VAT am
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I. VAT returns and payment L ATVIA
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L EBANON 397 Mohammad Najjar +961 (
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L EBANON 399 supplies of goods and
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L EBANON 401 The VAT authorities mu
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L ITHUANIA 403 Quarterly For non-EU
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L ITHUANIA 405 sible for the calcul
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L ITHUANIA 409 For the general VAT
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Luxembourg 411 (Country code 352 )
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L UXEMBOURG 413 Businesses establis
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L UXEMBOURG 415 person generally re
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G. Recovery of VAT by nonestablishe
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L UXEMBOURG 419 Return liabilities
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• Reverse-charge supplies by fore
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M ACEDONIA 423 a separate statement
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M ACEDONIA - MALAYSIA 425 Penalties
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M ALAYSIA 427 RM 100,000 in the nex
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M ALAYSIA 429 services provided by
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Thresholds Registration €7,000 Re
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M ALTA 435 2008/9/EC. For businesse
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Mauritius 437 (Country code 230 ) E
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M AURITIUS 439 and services that ar
Page 447 and 448: M AURITIUS 441 • The second stage
Page 449 and 450: Mexico 443 (Country code 52 ) Mexic
Page 451 and 452: M EXICO 445 Examples of exempt supp
Page 453 and 454: M EXICO 447 years by an establishme
Page 455 and 456: C. Who is liable M OLDOVA 449 A tax
Page 457 and 458: M OLDOVA 451 Input tax includes VAT
Page 459 and 460: I. VAT returns and payment M OLDOVA
Page 461 and 462: M OROCCO 455 The Moroccan Tax Code
Page 463 and 464: M OROCCO - NETHERLANDS 457 Tele-dec
Page 465 and 466: N ETHERLANDS 459 Group registration
Page 467 and 468: E. Time of supply N ETHERLANDS 461
Page 469 and 470: N ETHERLANDS 463 exempt and taxable
Page 471 and 472: N ETHERLANDS 465 Taxable persons mu
Page 473 and 474: N ETHERLANDS - NEW ZEALAND 467 Unti
Page 475 and 476: N EW ZEALAND 469 Group registration
Page 477 and 478: N EW ZEALAND 471 Examples of exempt
Page 479 and 480: N EW ZEALAND 473 To determine the e
Page 481 and 482: N EW ZEALAND 475 dates. A taxable p
Page 483 and 484: B. Scope of the tax VAT applies to
Page 485 and 486: N ICARAGUA - NIGERIA 479 Diplomats
Page 487 and 488: N IGERIA 481 Group registration. Th
Page 489 and 490: N IGERIA - NORWAY 483 Penalties. Th
Page 491 and 492: N ORWAY 485 jointly and severally l
Page 493 and 494: N ORWAY 487 For services that are d
Page 495 and 496: N ORWAY 489 completed in Norwegian,
Page 497: B. Scope of the tax P AKISTAN 491 S
Page 501 and 502: P AKISTAN 495 Examples of items for
Page 503 and 504: P AKISTAN - PANAMA 497 Interest. In
Page 505 and 506: P ANAMA 499 Exported goods Medical
Page 507 and 508: Papua New Guinea 501 Please direct
Page 509 and 510: P APUA NEW GUINEA 503 If a resource
Page 511 and 512: P APUA NEW GUINEA 505 nonresidents)
Page 513 and 514: P ARAGUAY 507 The definition of a V
Page 515 and 516: H. Invoicing P ARAGUAY - PERU 509 V
Page 517 and 518: P ERU 511 Late-registration penalti
Page 519 and 520: P ERU 513 The law provides for a ge
Page 521 and 522: Philippines 515 (Country code 63 )
Page 523 and 524: C. Who is liable P HILIPPINES 517 A
Page 525 and 526: P HILIPPINES 519 (that is, VAT on s
Page 527 and 528: P HILIPPINES 521 Sale of goods or s
Page 529 and 530: Mixed transactions and partial exem
Page 531 and 532: P HILIPPINES - POLAND 525 Penalties
Page 533 and 534: P OLAND 527 the supply of goods on
Page 535 and 536: P OLAND 529 Supply of water Certain
Page 537 and 538: P OLAND 531 Capital goods. Capital
Page 539 and 540: P OLAND 533 sales made to private i
Page 541 and 542: P OLAND - PORTUGAL 535 ESLs must be
Page 543 and 544: P ORTUGAL 537 Special rules apply t
Page 545 and 546: P ORTUGAL 539 Entries to singing pe
Page 547 and 548: P ORTUGAL 541 Taxable persons may u
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P ORTUGAL 543 information as an inv
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R OMANIA 545 Indirect tax contacts
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R OMANIA 547 A taxable person that
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R OMANIA 549 Specific hiring, conce
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R OMANIA 551 Examples of items for
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R OMANIA 553 • Customs documentat
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R USSIAN FEDERATION 555 Date introd
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R USSIAN FEDERATION 557 legal entit
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R USSIAN FEDERATION 559 Russian Fed
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R USSIAN FEDERATION 561 rata calcul
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R USSIAN FEDERATION 563 Effective f
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R WANDA 565 • The importation of
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R WANDA 567 taxable supplies may be
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S INGAPORE 569 • Retrospectively:
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S INGAPORE 571 The standard rate of
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S INGAPORE 573 Examples of items fo
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I. GST returns and payment S INGAPO
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S INT MAARTEN 577 Offshore companie
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S LOVAK REPUBLIC 579 A. At a glance
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S LOVAK REPUBLIC 581 single taxable
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S LOVAK REPUBLIC 583 As a result, t
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S LOVAK REPUBLIC 585 Real Estate Ca
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S LOVAK REPUBLIC 587 income) from a
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S LOVAK REPUBLIC 589 — Goods supp
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I. VAT returns and payment S LOVAK
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S LOVAK REPUBLIC - SLOVENIA 593 wit
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S LOVENIA 595 Reverse charge. The r
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S LOVENIA 597 Cash accounting for s
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S LOVENIA 599 Repayment interest. T
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S LOVENIA 601 VAT returns must be s
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B. Scope of the tax S OUTH AFRICA 6
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S OUTH AFRICA 605 Supply of intelle
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S OUTH AFRICA 607 The SARS pays int
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S OUTH AFRICA - SPAIN 609 A vendor
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S PAIN 611 No VAT registration thre
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S PAIN 613 does not apply to intra-
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S PAIN 615 depends on the taxpayer
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S PAIN 617 be converted to euros. T
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S WEDEN 619 Malmö GMT +1 Ernst & Y
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S WEDEN 621 Late-registration penal
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S WEDEN 623 with credit supplies ar
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S WEDEN 625 • They may be issued
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Ernst & Young Maagplatz 1 CH-8005 Z
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S WITZERLAND 629 foreign entities a
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S WITZERLAND 631 Insurance Educatio
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same extent as Swiss VAT-registered
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T AIWAN 635 Indirect tax contacts M
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T AIWAN 637 Examples of exempt supp
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T AIWAN - TANZANIA 639 • If the f
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T ANZANIA 641 200,000 or to impriso
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T ANZANIA 643 The first method is t
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Ernst & Young 33rd Floor Lake Rajad
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T HAILAND 647 partially used in Tha
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T HAILAND - TRINIDAD AND TOBAGO 649
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T RINIDAD AND TOBAGO 651 The follow
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T RINIDAD AND TOBAGO - TUNISIA 653
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T UNISIA 655 Supplies of certain go
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Turkey 657 (Country code 90 ) Istan
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D. VAT rates T URKEY 659 The term
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T URKEY 661 deduction is not grante
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C. Who is liable U GANDA 663 The pe
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U GANDA 665 Computers, desktop prin
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U GANDA 667 The Commissioner Genera
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U GANDA - UKRAINE 669 If the normal
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U KRAINE 671 • The person maintai
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U KRAINE 673 Place of supply of ser
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U KRAINE 675 credit to the next rep
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U KRAINE - UNITED KINGDOM 677 The f
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U NITED KINGDOM 679 Administered by
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U NITED KINGDOM 681 Reverse charge.
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U NITED KINGDOM 683 The basic tax p
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U NITED KINGDOM 685 directly relate
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U NITED KINGDOM 687 EU, page 208).
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U NITED KINGDOM 689 Penalties for l
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U NITED KINGDOM - UNITED STATES 691
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U NITED STATES 693 providing repair
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U NITED STATES 695 over-the-counter
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U NITED STATES - URUGUAY 697 the st
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D. VAT rates U RUGUAY 699 The term
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U RUGUAY - VENEZUELA 701 Foreign-cu
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V ENEZUELA 703 Withholding of VAT.
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Vietnam 707 (Country code 84 ) Hano
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V IETNAM 709 Some goods and service
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V IETNAM 711 nontaxable goods or se
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V IETNAM - ZAMBIA 713 Penalties may
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Z AMBIA 715 In Zambia, the VAT rate
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Z AMBIA - ZIMBABWE 717 After the re
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Z IMBABWE 719 A “registered opera
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Z IMBABWE 721 Periodic supplies. Th
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Z IMBABWE 723 30 days after the dat
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Foreign currencies 725 The followin
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F OREIGN CURRENCIES 727 Country Cur
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The 2012 worldwide VAT, GST and sales tax guide

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