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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September 2015

Featured articles:

Americas

  • Mexico: There have been modifications to the General Foreign Trade Rules, including notifications of suspension from the Mexican Importers’ Registry, guidelines for carrying our direct customs clearance through legal representatives, the publication of the application format for the renewal of VAT Certification, and the obligation to provide documents attached to the Value Declaration.
  • Mexico-Japan: On 24 August 2015, Mexico and Japan held a seminar to commemorate the 10th anniversary of the signing of the Agreement for the Strengthening of the Economic Partnership, between Mexico and Japan.

Asia Pacific

  • China: China resumes the levying of VAT on chemical fertilizers.
  • India: There has been a court judgment on whether the implementation of customized software was subject to VAT.
  • India: There has been a court judgment on whether service tax applied to a composite indivisible works contract prior to June 2007.
  • Indonesia: Measures have been proposed to shorten port dwelling times.
  • Indonesia: The rules applying to the importation of tires have been amended.
  • Singapore: There have been changes to the strategic goods control list, brokering order, and transhipment and transit controls.
  • ASEAN: Negotiations on an expanded ASEAN-China FTA are expected to conclude by November 2015.
  • Mexico-Japan: On 24 August 2015, Mexico and Japan held a seminar to commemorate the 10th anniversary of the signing of the Agreement for the Strengthening of the Economic Partnership, between Mexico and Japan.

EMEA

  • European Union: European Commission presses Member States on VAT revenue collection.
  • Denmark: The VAT treatment of tattoo services.
  • Denmark: VAT deduction for holding companies.
  • Denmark: New binding instruction regarding the VAT registration of bankruptcy estates.
  • Denmark: The VAT exemption for cost sharing groups is widened.
  • Italy: New VAT rules regarding intra-EU movements of goods subject to processing operations/ usual forms of handling.
  • Italy: New VAT e-invoicing rules.
  • Lithuania: CJEU decides that exemption can apply to all transactions in fuel bunkering chain.
  • Malta: Various items have been removed from the scope of eco-contribution.
  • Slovenia: Fiscal verification of invoices to be mandatory from 2 January 2016.
  • Spain: A new 'supply of information system' would require certain taxpayers to electronically file VAT ledgers from 1 January 2017.
  • Switzerland: E-filing for VAT returns is now available.
  • United Kingdom: English carrier bag levy includes VAT and is subject to Corporation Tax
September 2015
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