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.

Recent updates and an a news archive appear below; for back issues of Global Indirect Tax News, or to subscribe, please email a request to globaltaxpublications@deloitte.com.

November 2020

Featured articles

Asia Pacific

Regional Comprehensive Economic Partnership agreement signed
Representatives from 15 countries in Asia Pacific have signed the RCEP, said to be the world’s largest multilateral free trade agreement, covering more than a quarter of global trade. It is not yet known when the agreement will enter into force.
India

Extension of mandatory GST e-invoicing
The Central Board of Indirect Taxes and Customs has issued a notification expanding the scope of GST e-invoicing as from 1 January 2021 to include all taxpayers with aggregate turnover exceeding INR 1 billion during any of the financial years 2017-18 onwards.
Indonesia

Draft law for improvement of business climate
A draft Omnibus Law on Employment Creation has been passed, comprising all of the laws that the government is amending to improve the ease of doing business as well as the business climate in Indonesia, including VAT and administrative provisions.
South Africa

Principles regarding deductibility of VAT input tax
Decisions of the courts have set forth key principles that apply regarding VAT input tax deduction, including that the immediate purpose of incurring costs is important in determining the deductibility of the related input tax.
Global Indirect Tax News November 2020

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