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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November 2018

Americas

  • Central America: The Customs Union expands in Central America.

Asia Pacific

  • Comprehensive and Progressive Agreement for Trans-Pacific Partnership: The TPP-11 will enter into force for a number of countries on 30 December 2018.
  • Australia-Hong Kong: Australia and Hong Kong have concluded negotiations for a free trade agreement.

EMEA

  • Czech Republic: An amendment to the VAT Act which was to take effect from January 2019 will be postponed by several months.
  • Denmark: A binding instruction has been issued regarding VAT deduction by holding companies.
  • Denmark: A recent CJEU judgment deals with the VAT deductibility of costs directly related to the sale of shares in subsidiaries.
  • Germany: The Federal Tax Court has referred a question to the CJEU concerning the VAT rate applicable to the rental of boat moorings.
  • Greece: The provisions of the law regarding accelerated processing of VAT refunds have been notified.
  • Greece: There has been an announcement on mandatory e-invoicing and e-bookkeeping.
  • Ireland: Finance Bill 2018 included a number of indirect tax changes.
  • Ireland: There has been a CJEU judgment on VAT recovery on deal fees.
  • Italy: The tax authorities have provided some clarifications on e-invoicing.
  • Italy: The tax authorities have also provided clarifications regarding the new VAT grouping rules.
  • Italy: A ruling has set out the VAT treatment of transfer pricing adjustments.
  • Italy: There are new parameters for training activities to achieve qualification for Authorized Economic Operator.
  • Italy: There have been clarifications on the amendments made to Regulation (EU) no. 2246/2015.
  • Italy: There is an update on the customs assessment procedure.
  • Italy: There is information regarding the tax treatment of fuels used in the combined generation of electricity and heat.
  • Malta: Malta issues guidelines on the VAT treatment of distributed ledger technology assets.
  • Netherlands: The 2019 Tax Plan was adopted by the House of Representatives.
  • Poland: A new draft bill introduces new VAT rates and classifications and Binding Rates Information.
  • Poland: From 1 January 2019, electronic monitoring will be introduced in Poland for excise goods exempt from excise duty due to their intended use and harmonized excise goods subject to a zero excise duty rate.
  • Portugal: The annual tax return is to be pre-filled based on the accounting SAF-T(PT) file.
  • Russia: Storage services of aviation fuel rendered outside of an airport area should not be exempt from Russian VAT.
  • Russia: The Ministry of Finance clarified that from 1 January 2019, Russian buyers of e-services rendered by a foreign legal entity should not act as tax agents.
  • Russia: The supply of goods in Russia between two foreign entities not subject to registration with the tax authorities should not be subject to Russian VAT.
  • Russia: The Ministry of Finance clarified that foreign legal entities registered with the Russian tax authorities should account for and pay VAT with respect to rendered services (performed work) subject to Russian VAT based on the place of supply rules.
  • Russia: The Ministry of Finance clarified the application of the 20% VAT rate for supplies made after 1 January 2019 of goods acquired before 1 January 2019.
  • Russia: The Federal Tax Service plans to amend the VAT return form.
  • Russia: Imports of biomedical cellulated products will be regulated.
  • Slovakia: There is an amendment to the VAT Act with respect to the application of the reduced VAT rate.
  • South Africa: There is an update on the phased roll-out of the New Customs Act.
  • Spain: A preliminary draft law has been published including a number of indirect tax proposals.
  • Spain: A Royal Decree-Law has been approved regarding measures for energy transition and consumer protection.
  • Spain: The draft law on the 2019 general budget for the Canary Islands has been delivered.
  • Switzerland: New rules on distance sales of low value goods take effect from January 2019.
  • United Kingdom: The CJEU has rejected the 'cost component' approach to VAT partial exemption.
  • United Kingdom: There are a number of VAT measures included in the recently introduced Finance Bill.
  • United Kingdom: There is an update on Making Tax Digital for VAT.

Eurasian Economic Union

  • Rates of import customs duty have been established on motor vehicles for industrial assembly.
  • A Technical Regulation establishes rules for the safety of children's playground equipment.
  • Decisions of the Eurasian Economic Commission have explained the classification of certain products.
  • Commodity codes have been extended for certain types of organic chemical compounds.
  • The list of goods to which temporary prohibition or export restrictions may be imposed has been extended.
  • A list of products has been established for which certain documentation is required for customs clearance.

March 2016

Featured articles:

Americas

  • Panama: The Panama Revenue Office has issued a new regulation, under which companies acting as online payment processors can be designated VAT withholding agents.
  • United States: The 10th Circuit has upheld Colorado’s remote seller reporting requirements.

Asia Pacific

  • China: Circular 36 has been published, providing detailed implementation guidance on the further rollout of the VAT reform to sectors such as construction, real estate, financial services and lifestyle services.
  • China: Changes to the China Customs’ import declaration form will result in significant changes for multinationals importing into China.
  • Indonesia: The list of strategic goods exempt from VAT has been updated.
  • Indonesia: Import duty will be borne by the government for certain industry sectors in the fiscal year 2016.
  • Japan: One of the highlights of the 2016 tax reform proposals is the introduction of a reduced rate of JCT on 1 April 2017.
  • Kazakhstan: A list of goods subject to export customs duties has been approved.
  • Kazakhstan: There is a new law on the handling of precious metals and precious stones.
  • Kazakhstan: There have been amendments to the list of goods eligible for tariff concessions.
  • Kazakhstan: The rules have been updated for the transfer and accounting treatment of customs payments, taxes and late payment interest.
  • Kazakhstan: There has been a resolution regarding the issue of permits with respect to export controls.
  • Kazakhstan: Rules for issuing re-export permits have been approved.
  • Kazakhstan: The application forms stipulated by customs law have been approved.
  • Kazakhstan: Rules have been approved for the authorities to take samples and specimens of goods.
  • Kazakhstan: An order has approved criteria for treating goods as imported for entrepreneurial purposes.
  • Kazakhstan: The rules for providing guarantees to export (import) processing products have been updated.
  • AANZFTA: Revised rules of origin and operational certification procedures have been implemented.

EMEA

  • European Union: There is an update on the European Commission's cross-border VAT rulings project.
  • European Union: There are upcoming changes to the suspension of GSP tariff preferences.
  • Finland: The Finnish Supreme Administrative Court has ruled on the right to deduct input VAT on purchases of stolen scrap metal.
  • Finland: The Finnish Central Board of Taxes has issued a ruling concerning the VAT treatment of the leasing of parking places.
  • Finland: The Finnish Central Board of Taxes has issued a ruling concerning the VAT treatment of a transfer of publication rights.
  • France: The Administrative Court of Appeal has ruled on the VAT treatment of hotel loyalty programs.
  • Israel: The government is exploring the possibility of imposing VAT on foreign suppliers of digital services.
  • Italy: The Ministry of Economy and Finance has confirmed that VAT revenues increased by 4.2% (EUR 4,831 million) in 2015.
  • Italy: New measures have been published to tackle VAT fraud.
  • Italy: There has been clarification regarding the new rules on credit notes.
  • Italy: The Constitutional Court has ruled on the VAT rate for accommodation in marina resorts.
  • Italy: A new TR form is available.
  • Italy: A tax authorities have released guidelines regarding the application of the new penalties.
  • Italy: The 'FATCA' IGA between Italy and the U.S. is now publicly available.
  • Italy: There is news regarding excise duties.
  • Italy: Clarification has been issued for duty free shops.
  • Poland: The CJEU is to decide whether the first occupation’s definition established in Polish VAT Law complies with the EU Principal VAT Directive.
  • Poland: There is an update on the introduction of SAF-T/JPK.
  • Portugal: The main indirect tax changes in the State Budget law for 2016 have been approved by the Parliament and published, including changes to the application of the intermediate and reduced VAT rates, and to a number of excise duties.
  • Russia: The Russian State Duma has approved in the first reading draft law on subjecting e-services to taxation.
  • Russia: The Ministry of Finance has issued a letter regarding VAT on the disposal of inventory.
  • Russia: A draft law has been submitted to the State Duma stipulating exemption from VAT for operations of waste paper supply.
  • Russia: There have been amendments to the list of technological equipment the import of which into the territory of the Russian Federation is not subject to VAT.
  • Russia: The Commercial Court of Moscow has ruled on the VAT treatment of services related to the organization of clinical trials of foreign medications in Russia.
  • Russia: There have been increases to the excise duty rates on gasoline and diesel oil.
  • Spain: A resolution has been issued by the Spanish Economic-Administrative Court regarding VAT assessed under a VAT audit procedure.
  • United Kingdom: In the UK Budget, delivered on 16 March, there were a number of indirect tax announcements.
  • United Kingdom: The Supreme Court has confirmed that corporation tax is payable on VAT repayments.
  • United Kingdom: From 8 April 2016, the tax authorities will start to publish certain information relating to exporters and the goods they export.
  • United Kingdom: The tax authorities have issued an invitation to suggest changes to Union Customs Code regulations.
  • Italy: The authorities have summarized the procedures to be followed by operators to obtain the status of approved exporter, within the framework of the Free Trade Agreement between the EU and South Korea.

Eurasian Economic Union

  • Eurasian Economic Union: The import customs duty rates on certain goods have been amended.
  • Eurasian Economic Union: There is a Eurasian Economic Commission Board resolution regarding goods declared as temporary imports with a full conditional exemption from customs duties and taxes.
  • Eurasian Economic Union: There are also resolutions regarding specific exemptions from import customs duties, classifiers used to complete customs declarations, anti-dumping duties, and changes to the EEU integrated customs tariff.
March 2016
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