Senegal: Changes to VAT on cross-border provision of digital services, now effective from 1 July 2024
Rules are now going to be effective from 1 July 2024
Rules are now going to be effective from 1 July 2024
The Senegalese Ministry of Finance published an order replacing the decree that implemented a value added tax (VAT) on the cross-border provision of digital services from 1 April 2024. Read TaxNewsFlash
The main change to the regime is that the rules are now going to be effective from 1 July 2024, as opposed to 1 April 2024, which was originally provided.
The order largely includes the same provisions and language as the previous one, but it further includes:
- Guidance on the applicable foreign exchange rate for VAT compliance
- Clarification that nonresident digital services providers and marketplaces are required to issue VAT invoices and provides specific invoice requirements for both business-to-business (B2B) and business-to-consumer (B2C) transactions
- Measures introducing relief for taxpayers from certain record-keeping requirements
For more information, contact a KPMG tax professional:
Philippe Stephanny | philippestephanny@kpmg.com
Chinedu Nwachukwu | chinedunwachukwu@kpmg.com
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