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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July 2018

Global

  • Global: The World Customs Organization has released an update to its Guide to Customs Valuation and Transfer Pricing.
  • Global: The EU and Japan have signed an Economic Partnership Agreement.
  • Global: The European Commission has adopted provisional safeguard measures on imports of certain steel products. 

Americas

  • Canada: Surtaxes have been imposed on certain products originating in the US.

Asia Pacific

  • Australia: Deloitte Australia has successfully challenged the revenue authority’s approach to calculating how much interest should be paid to taxpayers receiving delayed GST refunds.
  • Australia: The Australian customs authority has introduced deferred customs duty payment arrangements for importers accredited under Australia's Authorised Economic Operator program.
  • China: Regulations have been published regarding the refund of excessive input VAT credit balances.
  • China: Tariff List 1 has come into force.
  • India: The GST Council has made recommendations for changes in the GST law as well as the rates of certain goods and services.

EMEA

  • GCC: Kuwait is progressing with the implementation of VAT.
  • GCC: Following the implementation of VAT in the Kingdom of Saudi Arabia, Deloitte has launched Deloitte VAT Check, a post-implementation review.
  • GCC: The Federal Tax Authority in the United Arab Emirates has published VAT guidance and tools for taxpayers. Also, the list of designated zones for VAT purposes has been extended.
  • France: The tax authorities published guidelines specifying the scope of the anti-fraud legislation requiring a certification for cash-register software/systems, applicable as from 1 January 2018.
  • Hungary: The real-time invoice data provision obligation entered into force in Hungary as of 1 July 2018.
  • Hungary: The Government has introduced the summer tax package.
  • Italy: The tax authorities released guidelines about VAT group ruling petitions.
  • Italy: The tax authorities published some of the expected guidelines regarding the e-invoicing obligation.
  • Italy: Guidance and operative instructions were issued on the rules relating to the storage of energy products in third party warehouses.
  • Italy: Operating instructions were issued for the e-communication of consideration relating to sales of petrol and diesel motor fuel for self-service filling stations.
  • Italy: Operative guidelines were issued for the Customs Decisions System.
  • Italy: New forms were issued for alcohol production, industrial uses of alcohol, and bioethanol production.
  • Latvia: Draft regulations are under consideration to deal with the process of how taxes (including VAT) and duties are payable to the State Treasury.
  • Luxembourg: From 31 July 2018, two or more persons established in Luxembourg will be eligible to apply to the VAT administration to form a VAT group.
  • Luxembourg: Luxembourg is to apply the open market value for VAT purposes on transactions between closely linked persons.
  • Luxembourg: Luxembourg is to treat services that have characteristics similar to those normally attributed to capital goods as capital goods for VAT purposes.
  • The Netherlands: A Court of Appeal referred questions to the Court of Justice of the European Union for a preliminary ruling regarding the VAT consequences of membership of a supervisory board.
  • Poland: The 0% VAT rate on the export of goods from Poland will be subject to a CJEU ruling.
  • Poland: The tax authorities have issued explanations on the split payment mechanism and on demand SAF-T files.
  • Portugal: There is an update on the calculation of vehicle tax (Imposto Sobre Veículos).
  • Portugal: The tax authorities have released a decision concerning the VAT taxable value of imported goods.
  • Russia: The State Duma has approved a draft law that will increase the standard VAT rate from 18% to 20% from 1 January 2019 in the first reading.
  • Russia: The Ministry of Finance has clarified the application of VAT with respect to foreign entities’ services of providing IP-addresses and content access.
  • Russia: The Ministry for Industry and Trade has announced the preliminary results of the tax-free implementation pilot project.
  • Russia: The Government has adopted the list of VAT-exempt airport services.
  • Russia: Obligatory certification has been established for radiators and heating convectors.
  • Russia: Import licensing of aluminum wheels has been introduced.
  • Russia: Import customs duty rates have been increased for certain goods originating from the US.
  • South Africa: The International Trade Administration Commission of South Africa has issued a notice on antidumping duties due to expire in 2019.
  • Spain: The General State Budget 2018 has been published.
  • Spain: There have been changes to the Intrastat form.
  • Tunisia: Indirect tax measures were included in the Financial Act of Management.
  • United Kingdom: There has been a CJEU judgment on the VAT treatment of penny auctions.
  • United Kingdom: A number of indirect tax measures have been included in the draft Finance Bill.
  • United Kingdom: The tax authorities have issued guidance on Making Tax Digital for VAT, which will come into effect from 1 April 2019.

Eurasian Economic Union

  • Eurasian Economic Union: Customs duty rates for certain goods have been decreased in accordance with Russia's obligations to the World Trade Organization.
  • Eurasian Economic Union: Zero import customs duty has been introduced for certain goods.
  • Eurasian Economic Union: The EEU and Iran have signed an Interim Agreement cancelling non-tariff restrictions for certain goods and establishing decreased customs duty rates.
  • Eurasian Economic Union: There have been amendments to procedures and calculations for customs value.
  • Eurasian Economic Union: The list of goods subject to permission for import/export into/from the EEU has been amended.
  • Eurasian Economic Union: An expiry date has been established for certain forms of customs documents.
  • Eurasian Economic Union: There are new rules for marking milk-containing products.
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