Global Indirect Tax News

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Global Indirect Tax News

Monthly newsletter covering VAT, goods and services tax, sales tax issues, and global trade issues around the globe.

December 2018

Global

  • EU-Japan: On 12 December 2018, the EU Parliament approved the EU-Japan Economic Partnership Agreement.

America

  • Mexico: Mexican authorities have been working to tighten controls on the importation of goods identified as sensitive.
  • United States: There has been a 90-day extension to the effective date for additional duties on products from China.
  • United States: U.S. Customs and Border Protection have released a final rule for duty drawback regulations under the Trade Facilitation and Trade Enforcement Act of 2015.

Asia Pacific

  • Australia: The tax authorities have alerted property developers and government entities to possible underpayment of GST on certain development lease arrangements.
  • Malaysia: The Budget was announced on 2 November 2018, and included a number of indirect tax announcements.

EMEA

  • Gulf Cooperation Council: There are updates from the United Arab Emirates, the Kingdom of Saudi Arabia, Bahrain, Oman, and Qatar.
  • Angola: There is a new legal system governing invoices and equivalent documents.
  • Croatia: The VAT Amendments Act (Act) has been published, with the majority of the amendments entering into force on 1 January 2019.
  • Czech Republic: The Chamber of Deputies has debated an amendment to the VAT Act, which will be voted on in January.
  • Denmark: The implementation of the EU vouchers Directive in Denmark may be postponed.
  • Denmark: A ruling has been issued regarding the VAT treatment of molds produced in Denmark.
  • Finland: The tax authorities have issued detailed guidance regarding the VAT treatment of vouchers.
  • Finland: A reduced VAT rate has been proposed for electronic books, magazines and newspapers.
  • France: From 1 January 2019, only one tax representative may be appointed by non-established companies, competent for all taxes.
  • France: From 1 January 2019, electronic invoicing will be mandatory for services rendered by small and medium-sized companies to the public sector.
  • Greece: The special VAT rates that apply to the five islands of Chios, Kos, Leros, Lesbos, and Samos will continue to apply until 30 June 2019.
  • Italy: The tax authorities have published official answers to frequently asked questions on e-invoicing.
  • Latvia: There are a number of proposed amendments to the VAT law.
  • The Netherlands: The 2019 Tax Plan has been adopted by the Senate.
  • The Netherlands: New rules for the application of the VAT zero rate for seagoing vessels and airplanes have been published.
  • The Netherlands: The VAT rules for coupons have been aligned with EU voucher rules.
  • The Netherlands: There is to be no revision of the VAT treatment of services as of 1 January 2019.
  • Poland: Under the provisions of a draft Bill, traditional VAT returns would be replaced with complex SAFT files from 1 July 2019.
  • Poland: The CJEU will determine whether Polish regulations with respect to bad debt relief violate EU rules.
  • Portugal: The 2019 Portuguese State Budget Law has now been approved by the President of Portugal and published in the Official Journal.
  • Portugal: The Government has published a law setting out the governance model for the implementation of electronic invoicing in public contracts.
  • Russia: Given the VAT rate increase on 1 January 2019, it is recommended that the relevant accounting documents are amended accordingly.
  • Russia: There has been clarification regarding the obligation to account for VAT on services supplied by a foreign legal entity with a permanent establishment in Russia.
  • Russia: The Federal Tax Service has discussed the amendments to the procedure for VAT accounting of supplies of e-services.
  • Russia: There has been clarification regarding determination of the date of shipment for VAT purposes if the shipment is performed in parts.
  • Russia: There has been clarification regarding the place of supply for VAT purposes of personnel searches and recruitment services.
  • Russia: The experiment for the marking of tobacco products has expired.
  • Russia: Russia has ratified the interim agreement between the EEU and Iran leading to a free trade zone.
  • Slovakia: There have been a number of amendments to the VAT law.
  • Spain: Modifications have been published to certain forms and information declarations.
  • Spain: The Institute of Accounting and Auditing has issued a ruling on the accounting treatment of the exchange rate for the importation of goods.
  • Turkey: The VAT rate for e-magazines and e-books is changing with effect from 1 January 2019.
  • United Kingdom: The tax authorities have issued guidance on the new VAT treatment of face value vouchers, from 1 January 2019.
  • United Kingdom: From 1 January 2019, the VAT treatment of digital sales to EU consumers will be amended.

Eurasian Economic Union

  • Eurasian Economic Union: A zero import custom duty rate will apply to certain types of electrodes.
  • Eurasian Economic Union: The zero import customs duty rate has expired for certain types of goods.
  • Eurasian Economic Union: The list of combined nomenclature codes for latex has been expanded and the rates of import customs duties set.
  • Eurasian Economic Union: The list of manufacturers of tracked bulldozers to which anti-dumping duties apply has been amended.
  • Eurasian Economic Union: Decisions of the Eurasian Economic Commission explain the combined nomenclature classification for a number of products.
  • Eurasian Economic Union: There have been changes in the value and weight norms within which goods for personal use can be imported into the customs territory of the EEU without paying customs duties and taxes.
  • Eurasian Economic Union: The trigger protection measure applied to certain clothes originating from Vietnam has expired.
  • Eurasian Economic Union: There has been clarification of the use of a customs declaration as documentation for the inward processing of goods.
  • Eurasian Economic Union: The pilot project for marking clothes, clothing accessories, and other articles from natural fur has expired.
  • Eurasian Economic Union: The 2019 tariff quotas for long-grain rice from Vietnam and whey, cattle meat, pork and poultry meat have been established.
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