Global Indirect Tax News


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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September 2019

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Argentina: Foreign currency control rules imposed

The executive branch issued a decree on 1 September 2019 imposing currency controls on companies and individuals. The currency control regulations, which respond to the rapid devaluation of the Argentine peso, will apply from 1 September 2019 to 31 December 2019.

Australia: Offshore suppliers of hotel accommodation

The GST law has been amended from 1 October 2019 to require offshore suppliers of rights to use commercial accommodation (e.g. hotel accommodation) in Australia to include these supplies in calculating GST turnover, to determine whether they must register for GST.

China: Preferential VAT refund policy expanded

A more favorable VAT refund policy applies to certain manufacturing businesses from 1 June 2019. Designed to stimulate investment in various manufacturing industries, it will allow qualified businesses to obtain larger VAT refunds and to obtain them earlier.

India: Measures to boost economic growth and exports

Finance Minister Nirmala Sitharaman has announced measures to boost economic growth and exports, including an automated process for the refund of GST input tax credits, digital processes for export clearances, and other trade incentives and simplifications.

Mexico: 2020 budget

On 8 September 2019, the president presented to Congress a series of proposed tax measures as part of the 2020 budget, including changes to the VAT law to require foreign providers of digital services to collect VAT from Mexican users and pay it to the tax authorities.

The Netherlands: 2020 budget

On 17 September 2019, the Ministry of Finance published the government’s tax proposals for 2020, including indirect tax measures related to VAT (including electronic publications and the EU ‘quick fixes’), real estate transfer taxes, and exemptions for insurance premium tax.

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