Our company bought Software from US, do we need to pay tax on that?

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53 Points Posted on 03 April 2021

Hi, our company bought a monthly subscripttion of $100 per month and paid via credit card. So we paid total $1200 for the software.

Do we need to pay any tax for this amount? Someone suggested that we may have to pay 31.2% tax to government.

Thanks 

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On 03 April 2021 at 05:18 Report
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Quick Summary
A UK company has purchased a $1200 annual software subscription from a US vendor via credit card. They are seeking clarification on whether any tax is payable on this purchase. Initial suggestions mentioned a 31.2% tax, but further information indicates that only a 2% Equalisation Levy might be applicable.

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Partner
1072 Points Posted on 03 April 2021

31.2 % which tax GST/IT.

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On 03 April 2021 at 20:31
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2742 Points Posted on 05 April 2021
Only Equalization levy of 2% is require to be deducted
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On 05 April 2021 at 08:42

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