Global Indirect Tax News

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Global Indirect Tax News

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

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January 2017

Americas

  • Argentina: There have been amendments to the application of the VAT reverse charge mechanism.
  • Argentina: Gambling and online gambling taxes have been imposed.
  • Costa Rica: There are updates regarding excise tax applied to carbonated beverages, beers and wines.
  • Costa Rica: There have been changes to the customs tariff.

Asia Pacific

  • Cambodia: There are a number of updates on customs duty and VAT rates.
  • China: There has been a circular issued clarifying certain VAT issues.
  • China: An extra 10% consumption tax has been imposed on ultra-luxury motor vehicles.
  • China: A circular has been issued setting out China's tariff policy for 2017.
  • China: The Environment Protection Tax Law will take effect on 1 January 2018.
  • India: GST now to be rolled out from 1 July 2017.
  • India: A revised enrollment schedule has been released by the GST Network.
  • India: The Government has provided a facility for the insurance of electronic invoices without authentication by foreign OIDAR service providers.
  • India: There has been integration of the Indian Customs and Central Excise Tariff with the World Customs Organisation HSN classification with effect from 1 January 2017.
  • India: There has been a court judgment on the application of entry tax in Uttar Pradesh.
  • Indonesia: The regulation on exemption from VAT and Luxury Goods Sales Tax for imported goods has been revised.
  • Malaysia: There have been some key amendments to the GST and related regulations, which took effect from 1 January 2017.
  • Singapore: Customs has implemented revised requirements, formats and application procedures for the Certificate of Non-Manipulation.

EMEA

  • European Union: The European Commission has published three consultations following last April's 'Action Plan on VAT'.
  • European Union: The European Commission has issued a proposal for a generalized reverse charge mechanism.
  • Denmark: The tax authorities have issued a draft binding instruction regarding the VAT treatment of the private use of business assets.
  • Denmark: The customs authorities have set the fees for the customs guarantee scheme for 2017.
  • France: There is an update on the reverse charge mechanism for import VAT.
  • France: VAT deductibility on fuel purchases by companies will be implemented progressively.
  • France: The application of the 5.5% reduced VAT rate has been extended.
  • France: From 1 January 2017, there is a new audit procedure for the checking of VAT refund claims.
  • France: There is an update on third party seizures as part of tax inspections.
  • France: There are new customs procedures.
  • France: There is a salary tax exemption regarding salaries paid to expatriates.
  • France: A credit tax on salary tax has been introduced for certain non-profit organizations.
  • France: Social Security and Solidarity Contribution (C3S) – a new additional contribution is to be introduced.
  • Germany: The Federal Fiscal Court has ruled on the correction of invoices with retroactive effect.
  • Gulf Cooperation Council: The six GCC countries have now signed the VAT Treaty.
  • Gulf Cooperation Council: The Kingdom of Saudi Arabia has announced the implementation of VAT and excise tax.
  • Gulf Cooperation Council: The KSA has increased customs duty on a wide range of products.
  • Gulf Cooperation Council: The UAE has set up the Federal Tax Authority.
  • Italy: There is a review of VAT amendments for the 2017 fiscal year.
  • Italy: The tax authorities have clarified the VAT treatment of 'bunkering' of petroleum products.
  • Italy: There is an update on excise duty.
  • Luxembourg: There has been an increase in penalty rates, and joint liability has been introduced for persons in charge of management.
  • Luxembourg: The VAT authorities have published a circular regarding the VAT treatment of directors’ services.
  • Luxembourg: There has been an increase in the VAT threshold for the small enterprise regime.
  • Luxembourg: The obligation to register rental agreements has been abolished.
  • Luxembourg: From 1 January 2017, it will be mandatory to use the eCDF platform for filing VAT returns.
  • The Netherlands: The Tax Plan 2017 has been adopted by the House of Representatives and the Senate, including three VAT changes regarding:
    • The VAT exemption for water sports associations;
    • The definition of 'building land';
    • Simplification of the bad debt relief scheme.
  • Portugal: There has been an amendment to the VAT exemption applicable to non-conventional medicines.
  • Portugal: The excise duty rates applicable to petroleum and energy products have been amended.
  • Portugal: There is an update on the excise duty refund scheme for road freight companies.
  • Portugal: A decree has been published regarding procedures for holding non-alcoholic drinks with sugar added in an excise warehouse.
  • Romania: The standard VAT rate decreased from 20% to 19% on 1 January 2017.
  • Romania: An agricultural flat rate scheme has been introduced.
  • Romania: The Register of Intra-Community Operators has been repealed.
  • Romania: Measures have been introduced regarding VAT deduction when the VAT ID code of a taxable person has been cancelled.
  • Romania: Form 088 Affidavit has been repealed.
  • Romania: There is a new methodology for the computation of contributions, taxes, penalties and other amounts owed to the environmental fund.
  • Russia: There is an update on the VAT regulation on e-services rendered by foreign companies.
  • Russia: There have been amendments to the list of goods subject to the reduced VAT rate of 10% and the list of medical goods exempt from VAT.
  • Russia: Import licensing has been introduced for macadam, gravel and crush of macadam, gravel and sand imported into Russia from countries that are not members of the Eurasian Economic Union.
  • Russia: The Government has put forward an initiative to introduce excise duties on alcohol-containing non-food products, household chemicals and cosmetics.
  • Serbia: Serbia has adopted several amendments to the VAT law, primarily with the purpose of harmonizing domestic tax legislation with EU legislation.
  • Serbia: New rules regarding fiscal representatives came into force on 1 January 2017.
  • South Africa: Draft amendments have been published to the Rules of the Customs and Excise Act 1964.
  • South Africa: Safeguard measures on frozen bone-in chicken portions originating from the EU have been imposed.
  • Turkey: There have been customs duty amendments.
  • Ukraine: Currency restrictions have been extended.
  • Ukraine: Export procedures for services have been simplified.
  • United Kingdom: The tax authorities have updated their policy on the VAT zero-rating treatment of adult coloring and dot to dot books.
  • United Kingdom: There has been a court decision on VAT self-billing.
  • Eurasian Economic Union: The new Customs Code of the Eurasian Economic Union is being finalized.
  • Eurasian Economic Union: The commodity nomenclature of the Eurasian Economic Union has been updated.
  • Eurasian Economic Union: There are new requirements on equipping transport vehicles with emergency call devices.
  • Eurasian Economic Union: The list of goods that may be placed under the special customs procedure has been amended.
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