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.

Recent updates and an a news archive appear below; for back issues of Global Indirect Tax News, or to subscribe, please email a request to globaltaxpublications@deloitte.com.

August 2021

Featured articles

Colombia  

Law modifies incentives for energy investments 
A new law has modified the incentives available for investments in research, development, and the generation and use of energy from nonconventional energy sources and/or the management of energy efficiency, including VAT and tariff exemptions. 
India - UK

Prospect of India-UK free trade agreement 
The Indian and UK prime ministers have agreed an enhanced trade partnership and announced an intention to negotiate a comprehensive free trade agreement. The UK Government has launched a public consultation on the UK’s trading arrangements with India. 
Germany

CJEU on VAT exemption for management of SIFs 
The Court of Justice of the European Union issued a decision specifying the conditions under which VAT exemption for the management of special investment funds applies in outsourcing cases. The court’s ruling is in line with previous case law. 
Oman

Update on recent VAT developments 
Following the implementation of VAT in Oman on 16 April 2021, there have been a number of developments relating to VAT return filing and pre-registration input tax claims, simplified tax invoices, and expected additional guidance for certain industries and sectors. 
 
Global Indirect Tax News August 2021

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