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.

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June 2018

Americas

  • Mexico: The initiative to reform the Customs Law was approved by Congress as of 25 April 2018.
  • Mexico: The Ministry of Economy announced the retaliatory measures executed in response to the US Government eliminating the exemption of tariff increases on imports of steel and aluminum for products originating in Canada, Mexico and the European Union.
  • United States: The US Supreme Court has overturned the physical presence nexus standard required for a state or locality to impose a sales or use tax collection responsibility upon a remote seller.
  • United States: On 31 May 2018, President Trump issued two Presidential Proclamations amending the Section 232 tariffs on designated steel (25%) and aluminum (10%).
  • United States: The Department of Commerce has initiated a Section 232 investigation into US imports of cars, SUVs, vans, light trucks, and automotive parts.

Asia Pacific

  • China: China has reduced import tariffs on completed cars and car parts.
  • China: China has reduced import tariffs on daily consumable products.
  • India: There is an update on GST, including a number of GST Council updates and clarifications.
  • India: There is an update on foreign trade policy.
  • India: There is an update on customs law and policy.
  • India: There have been court decisions regarding service tax, customs, and entry tax.
  • Indonesia: The regulation on the import of certain products has been amended to enhance the effective implementation of imports of certain products and the smooth distribution of goods.
  • Indonesia: The Indonesian Anti-Dumping Committee is to make a recommendation for the extension or cessation of anti-dumping import duty for tinplate products.
  • Malaysia: There is an update following the introduction of the 0% GST rate on 1 June 2018.

EMEA

  • European Union: The European Commission has issued the detailed technical proposal for the Definitive VAT Regime.
  • European Union: Certain products originating in the US and imported into the EU will be subject to additional duties from 22 June 2018.
  • GCC: There are VAT updates from the Kingdom of Saudi Arabia and the United Arab Emirates.
  • Angola: According to recent reports, the Government aims to introduce VAT from 2019.
  • Czech Republic: There is a proposed amendment to the VAT Act regarding the taxation of supplies of goods by a person established outside the Czech Republic.
  • Germany: The Federal Ministry of Finance has updated the VAT treatment of supplies via consignment stock.
  • Germany: The Federal Ministry of Finance has updated the VAT treatment of reverse charge supplies regarding construction services and cleaning services in relation to buildings.
  • Germany: To tackle VAT fraud in relation to online trading, the Federal Ministry of Finance has prepared a draft bill.
  • Hungary: The real-time invoice data provision obligation enters into force on 1 July 2018.
  • Hungary: There is an update on the Food Chain Supervision Fee reporting obligation for VAT registered foreign businesses.
  • Ireland: Revenue has issued guidance on tax treatment of cryptocurrency transactions.
  • Italy: The European Commission objected to a request from Italy to apply the reverse charge mechanism for supplies of goods and services made to consortia by their members.
  • Italy: The tax authorities have published instructions regarding the appointment of the intermediaries enabled for e-invoicing procedures.
  • Italy: The implementation of the obligation to raise e-invoices for supplies of fuels has been postponed from 1 July 2018 to 1 January 2019.
  • Italy: It is understood that the tax authorities are considering simplifications to e-invoicing obligations.
  • Malta: VAT grouping was implemented from 1 June 2018.
  • Malta: A higher VAT registration threshold has been implemented for small businesses.
  • Netherlands: The reduced VAT rate is set to increase, with no transitional provisions.
  • Netherlands: The proposed change to the VAT cost sharing exemption has been withdrawal.
  • Poland: Cases are now arising following the 1 January 2017 law changes on the methodology for input VAT recovery on reverse charge transactions.
  • Poland: A question has been referred to the CJEU on the right to deduct VAT based on non-compliant invoices.
  • Poland: There are upcoming VAT changes in relation to SAF-T requirements and the split payment mechanism.
  • Poland: The tax authorities have published due diligence standards.
  • Portugal: There has been a change to the instructions for completing the annexes for VAT adjustments in VAT returns.
  • Serbia: The National Assembly of the Republic of Serbia has adopted amendments to the Law on Value Added Tax, the Law on Tax Procedure and Tax Administration, and the Law on Excise.
  • South Africa: The Customs Sufficient Knowledge Test has been implemented for certain customs registration and licensing types.
  • Switzerland: From 1 January 2019, Swiss and foreign companies registered for Swiss VAT with a yearly worldwide turnover exceeding CHF 500,000 will have to pay the Radio and Television corporate fee.
  • Ukraine: Clarifications have been issued regarding the determination of the customs value of imported goods.
  • Ukraine: There has been an increase in export duty on ferrous waste and scrap.
  • Ukraine: The list of products to be inspected at the border checkpoints has been issued.
  • United Kingdom: Draft legislation has been published for the construction industry reverse charge.
  • United Kingdom: The Court of Appeal has ruled on whether 'Beyblades' are toys or games for customs duty purposes.
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