BDO Indirect Tax News February 2020

BDO Indirect Tax News focuses on issues of practical importance in the field of VAT and similar indirect taxes, such as GST. Experts from all over the world provide first-hand information on recent developments in legislation, jurisdiction and tax authorities’ opinions and directives.

Contents

• ARGENTINA: Tax incentive regime for capital goods, information technology, and telecommunications
• CHINA: Recent announcements related to VAT collection matters and the incremental VAT refund policy
• CZECH REPUBLIC: Information about application of Quick Fixes in the Czech Republic
• DENMARK: The Danish implementation of EU’s Quick Fixes
• THE EUROPEAN UNION: New developments in VAT e-commerce rules
• GERMANY: Changes in German VAT law - Implementation of new special warehousing scheme (also consignment)
• INDIA: E-invoicing under GST Law
• INDONESIA: The latest value added tax facility in Indonesia
• ITALY: New VAT provisions for 2020 and beyond
• LATVIA: Amendments made to the value added tax for 2020
• LUXEMBOURG: 
  • Luxembourg authorised by the Council of Europe to increase its small entrepreneurs’ threshold
  • Luxembourg extends the super-reduced VAT rate to activities of writers, composers, and performing artists
• MALAYSIA: Expansion of scope of service tax and service tax exemptions​
• NETHERLANDS: 
  • Real estate transfer tax and transformation projects in the Netherlands
  • VAT taxable person - Independency criterion 
• PANAMA: Panamanian VAT withholding agents
• POLAND: New schema will replace VAT returns
• ROMANIA: Amendments related to the definition of the exporter
• SAUDI ARABIA: Operating rules for the tax appeal process published​
• SINGAPORE: GST treatment for transactions involving digital payment tokens
• SPAIN: 
  • Main changes related to the Canary Islands Indirect Tax 
  • New criterion for the use and enjoyment rule
  • Statute of limitation for the deadline for requesting VAT refunds
• SRI LANKA: Tax cuts and rate slashes to boost economic growth 
• UNITED ARAB EMIRATES: Two years of VAT
• UNITED STATES: 18 months after the Wayfair decision, all but 2 states have enacted economic nexus rules
• ZIMBABWE: Latest VAT and customs developments in Zimbabwe

Go to the newsletter