Indirect Tax News October 2017

Content in this issue:

• ROMANIA - The VAT split payment mechanism
• EDITOR'S LETTER
• BELGIUM - VAT and the letting of immovable property
• CHILE - New requirements for claiming VAT credits
• GERMANY - What VAT rate is applicable for so called 'Wiesnbrezn'
• HUNGARY -Mandatory data disclosure and the use of invoicing programs. Domestic provision regarding late payment interest is not in line with EU Law
• IRELAND - VAT treatment of road tolls and update on business concern over Brexit
• ISRAEL - Global trade in goods - new age challenges
• ITALY - Extension of the split payment mechanism
• JAPAN - Update of Consumption Tax Laws
• LATVIA - Changes in the VAT Law starting 1 January 2018
• THE NETHERLANDS - To be zero rated or not be zero rated …that is the question
• SERBIA - Draft rulebook regarding keeping VAT records and VAT calculation overview published
• SINGAPORE - Taxation of cross-border services and low-value goods
• SPAIN - What to do when the issuer of an incomplete invoice refuses to correct it. Formal requirements contrary to the right of VAT deduction
• SWITZERLAND - Reduction of VAT rates on 1 January 2018. Requirement for foreign companies operating in Switzerland to register for VAT from 1 January 2018 and changes to Low Value Consignment Relief delayed to 2019 15.
• UNITED KINGDOM - UK tightens distance selling rules
• ZIMBABWE - Recent VAT developments in Zimbabwe