Global Indirect Tax News

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Global Indirect Tax News

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

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November 2016

OECD

  • OECD: The OECD has launched a business survey on direct and indirect tax certainty.

Americas

  • Colombia: The draft tax reform includes a number of changes to indirect taxes, including:
    • Changes to the events that trigger VAT, such as, VAT on real property, intangible goods, lotteries, and services rendered both on Colombian territory and abroad if recipients are located in Colombia.
    • A consumption tax on sugary drinks and an increase in consumption tax for cigarettes.
    • The creation of a new tax on the sale of gasoline by oil refiners and importers.
    • The creation of a new tax on carbon.
  • Mexico: Congress has approved the 2017 tax reforms, including VAT changes in the following areas:
    • VAT paid to outsourcing companies.
    • VAT paid during preoperational periods.
    • VAT on tangible goods when rent is paid abroad.
    • New services subject to the 0% VAT rate.
  • Mexico: There has been a second amendment to the 2016 Foreign Trade Rules, including in relation to the following issues:
    • Provisional customs value.
    • QR codes.
    • Electronic invoicing for export transactions.
    • Sales of imported goods.

Asia Pacific

  • China: Export VAT refund rates have been increased.
  • China: Updated guidance on Customs audits has been issued.

EMEA

  • European Union: The European Commission has published the 2017 Combined Nomenclature.
  • European Union: The European Commission has implemented a regulation amending the list of procedures for the complete denaturing of alcohol recognized in the EU for excise duty purposes.
  • Denmark: The tax authorities have announced that, for now, companies in VAT groups will be able to use their own VAT number when trading in the EU.
  • Germany: The CJEU has ruled that procedural irregularities do not prevent VAT exemption for despatch.
  • Israel: There is a VAT exemption for REIT funds.
  • Israel: Certain written opinions and positions must be disclosed to the ITA.
  • Italy: Law Decree n°193 was converted into law on 24 November 2016, and its final publication in the Official Gazette is expected shortly. The key VAT reforms are as follows.
  • Italy: The introduction of the quarterly communication of invoices and customs bills.
  • Italy: The introduction of quarterly communication of VAT calculations.
  • Italy: The removal of Intrastat obligations for EU acquisitions as of 1 January 2017. 
  • Italy: The removal of 'black lists' for FY2016 onwards.
  • Italy: The updating of deadlines for annual VAT returns.
  • Italy: The introduction of ad hoc provisions for the submission of integrative VAT returns.
  • Italy: An increase in the threshold for VAT refunds without guarantees. 
  • Italy: Amendment of the VAT warehouse regime.
  • Italy: The automatic removal of inactive VAT numbers.
  • Netherlands: The reduced VAT rate applies for toothpaste and sun lotion.
  • Portugal: An exceptional regime (amnesty) has been introduced for payment of fiscal and social security debts.
  • Portugal: The VAT Code has been amended to include a VAT exemption for donations to museums, with effect from 1 January 2017. 
  • Portugal: The Administrative and Fiscal Court has delivered decisions regarding VAT deduction for holding companies.
  • Portugal: Excise duty rates on diesel products will be reduced.
  • Russia: The Federal Tax Service has launched the English version of the portal 'VAT office for online service providers' in test mode. 
  • Russia: The State Duma will consider draft law on including fruit, berries and vineyards into the list of food products subject to the decreased VAT rate of 10%.
  • Russia: The Government is to develop a tax mechanism for foreign e-shops by the end of 2016.
  • Russia: The Ministry of Finance has begun development of draft law aimed at extending the applicability of excise duty exemptions and declarative VAT refund procedures for exports of goods without bank guarantees.
  • Russia: The importation of certain types of fish originating from USA, EU and several other countries will no longer be prohibited.
  • South Africa: Anti-dumping duties have been imposed on frozen potato chips.
  • South Africa: Safeguard measures are being considered for bone-in chicken from the EU.
  • South Africa: The preferential trade agreement between MERCOSUR and SACU was gazetted on 21 October 2016 and implemented with retrospective effect from 1 April 2016.
  • Spain: There have been modifications to the Annual VAT Summary return.
  • Switzerland: The Federal Customs Administration has revised and strengthened the description requirements of goods in customs declarations. 
  • Switzerland: There has been a case regarding rebates in connection with the return of used goods.
  • Turkey: Supplementary decrees to the Import Regime Decree have been published regarding additional customs duty on certain goods.
  • Ukraine: There has been an increase in the list of imported medicines exempt from VAT.
  • Ukraine: Import duty has been removed on waste products and ferrous scrap. 
  • Ukraine: Import duty rates to be applied in free trading between Ukraine and the EU in 2017 have been published. 
  • United Kingdom: The Court of Appeal has ruled on the VAT treatment of historical bad debt relief claims.
  • United Kingdom: The Chancellor of the Exchequer delivered the Autumn Statement 2016 on 23 November 2016. The main indirect tax measures are as follows:
    • Insurance Premium Tax is to increase to 12% from 1 June 2017.
    • The Government has asked the Office of Tax Simplification to carry out a review of aspects of the VAT system.
    • HMRC are proceeding with a consultation on VAT grouping.
    • The Government has agreed to provide funding with a view to digitizing the VAT retail export scheme.
    • The Government announced amendments to the VAT Flat Rate Scheme to counter 'aggressive abuse'.
  • Eurasian Economic Union: The existing procedure for delayed determination of customs value has been amended. 
  • Eurasian Economic Union: The zero import customs duty rate has been extended to a number of goods.

Archive

Global Indirect Tax News, October 2016

Global Indirect Tax News, September 2016

Global Indirect Tax News, August 2016

Global Indirect Tax News, July 2016

Global Indirect Tax News, June 2016

Global Indirect Tax News, May 2016

Global Indirect Tax News, April 2016

Global Indirect Tax News, March 2016

Global Indirect Tax News, February 2016

Global Indirect Tax News, January 2016

Global Indirect Tax News, November 2015

Global Indirect Tax News, October 2015

Global Indirect Tax News, September 2015

Global Indirect Tax News, August 2015

Global Indirect Tax News, July 2015

Global Indirect Tax News, June 2015

Global Indirect Tax News, May 2015

Global Indirect Tax News, April 2015

Global Indirect Tax News, March 2015

Global Indirect Tax News, February 2015

Global Indirect Tax News, January 2015

Global Indirect Tax News, December 2014

Global Indirect Tax News, November 2014

Global Indirect Tax News, October 2014

Global Indirect Tax News, September 2014

Global Indirect Tax News, August 2014

Global Indirect Tax News, July 2014

Global Indirect Tax News, June 2014

Global Indirect Tax News, May 2014

Global Indirect Tax News, April 2014

Global Indirect Tax News, March 2014

Global Indirect Tax News, February 2014

Global Indirect Tax News, January 2014

Global Indirect Tax News, December 2013

Global Indirect Tax News, November 2013

Global Indirect Tax News, October 2013

Global Indirect Tax News, September 2013

Global Indirect Tax News, August 2013

Global Indirect Tax News, July 2013

Global Indirect Tax News, June 2013

Global Indirect Tax News, May 2013

Global Indirect Tax News, April 2013

Global Indirect Tax News, March 2013

Global Indirect Tax News, February 2013

Global Indirect Tax News, January 2013

For back editions of global indirect tax news, please email a request to globaltaxpublications@deloitte.com

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