Global Indirect Tax News
Monthly newsletter covering VAT, goods and services tax, sales tax issues, and global trade issues around the globe.
The executive branch issued a decree on 1 September 2019 imposing currency controls on companies and individuals. The currency control regulations, which respond to the rapid devaluation of the Argentine peso, will apply from 1 September 2019 to 31 December 2019.
The GST law has been amended from 1 October 2019 to require offshore suppliers of rights to use commercial accommodation (e.g. hotel accommodation) in Australia to include these supplies in calculating GST turnover, to determine whether they must register for GST.
A more favorable VAT refund policy applies to certain manufacturing businesses from 1 June 2019. Designed to stimulate investment in various manufacturing industries, it will allow qualified businesses to obtain larger VAT refunds and to obtain them earlier.
Finance Minister Nirmala Sitharaman has announced measures to boost economic growth and exports, including an automated process for the refund of GST input tax credits, digital processes for export clearances, and other trade incentives and simplifications.
On 8 September 2019, the president presented to Congress a series of proposed tax measures as part of the 2020 budget, including changes to the VAT law to require foreign providers of digital services to collect VAT from Mexican users and pay it to the tax authorities.
On 17 September 2019, the Ministry of Finance published the government’s tax proposals for 2020, including indirect tax measures related to VAT (including electronic publications and the EU ‘quick fixes’), real estate transfer taxes, and exemptions for insurance premium tax.
- United States: State Tax Matters (23 August 2019), including indirect tax developments in Colorado, Nebraska, South Carolina and Washington
- United States: State Tax Matters (30 August 2019), including indirect tax developments in Alabama, Arizona, Louisiana and Wisconsin
- United States: State Tax Matters (6 September 2019), including indirect tax developments in Alaska, Arizona, Arkansas, Illinois, Iowa, New Hampshire and New Mexico
- United States: State Tax Matters (13 September 2019), including indirect tax developments in Alabama, California, Connecticut, Illinois, Minnesota and South Carolina
Understanding the touchpoints and implications for businesses