Global Indirect Tax News

Article

Global Indirect Tax News

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

Explore Content

May 2018

Global

  • The World Trade Organization's (WTO) dispute settlement body has formally adopted a ruling that found that Russian anti-dumping duties that are being levied against European light commercial vehicles (LCVs) are inconsistent with global trade rules.
  • The European Commission has published a regulation making imports of electric bicycles originating in China subject to registration.

Americas

  • Colombia: The tax authorities have released an opinion regarding the VAT tax base for goods imported from free trade zones.
  • Colombia: The industry and commerce tax resulting from cable, internet and fixed telephony services must be paid in the municipality where the subscriber is located.

Asia Pacific

  • Australia: The 2018-19 federal Budget contained a number of indirect tax changes, including a new GST measure on certain offshore sales.
  • Australia: Victoria has announced a new point of consumption wagering tax.
  • Malaysia: With effect from 1 June 2018, a 0% rate will apply to all goods and services that were subject to GST at 6%.
  • New Zealand: Non-resident retailers selling to New Zealand consumers will be required to register for and charge New Zealand GST.

EMEA

  • GCC: There are VAT and excise tax updates from the GCC.
  • Austria: There has been a CJEU judgment on linear triangulation.
  • Finland: The Government has released a proposal to implement the EU Voucher Directive.
  • Finland: There has been a Court ruling regarding the deductibility of VAT on costs related to the sale of immovable property.
  • Finland: Customs' comparison data on imports of goods is now available in MyTax.
  • France: There have been two recent court decisions on VAT permanent establishment exposure in France.
  • Hungary: The deadline is approaching for the real-time invoice data provision obligation.
  • Hungary: There remains uncertainty regarding the application of recent CJEU judgments on whether it is possible to reduce VAT base on bad debts.
  • Iceland: Changes have been proposed to the treatment of VAT on sales of cross-border sales.
  • Iceland: Changes are also proposed to the application of the lower VAT rate, VAT input tax on certain vehicles, and the sale of paper and magazine subscriptions in hardcopy.
  • Iceland: There is also a proposal to allow VAT registration for foreign businesses through a simplified registration scheme.
  • Ireland: The Advocate General of the CJEU has issued an Opinion on VAT recovery on costs incurred in an unsuccessful takeover.
  • Italy: Technical rules on e-invoicing have been published.
  • Italy: Clarifications have been issued on the application of the split payment mechanism.
  • Italy: New rules have been introduced regarding the VAT refund procedure.
  • Italy: There are new excise duty provisions.
  • Italy: A measurement system for supplying diesel fuel or fuel oil for maritime navigation will be required.
  • Malta: The European Commission has issued a letter of formal notice regarding yacht leasing.
  • Malta: The Court of Appeal has adjudicated on the right to claim input VAT on capital expenditure after a change of intentions.
  • Netherlands: There is no possibility to commence tax proceedings against the cancellation of a VAT identification number.
  • Netherlands: There has been a final Supreme Court decision in the case of Stadion Amsterdam.
  • Portugal: There has been a court decision on the right to deduct input VAT incurred with a ceased supplier.
  • South Africa: Anti-dumping duties applicable to fully threaded screws with hexagon heads from China have been terminated.
  • South Africa: Interested parties are invited to comment on an application for an increase in the Dollar-Based Reference Price for sugar.
  • Spain: The General State Budget 2018 Draft Law included a number of proposed indirect tax measures.
  • United Kingdom: A case concerning an offshore advertising structure has been remitted to the First-tier Tribunal.
  • United Kingdom: The Upper Tribunal has confirmed that there was no third party consideration in a loyalty points scheme for VAT purposes.
  • United Kingdom: A Tribunal has held that a supply was that of booklets, not services.
  • United Kingdom: A Tribunal has held that loan administration services are subject to VAT.
  • United Kingdom: The tax authorities have published a co-operation agreement for online marketplaces.

Explore Content

Did you find this useful?

Related topics