Global Indirect Tax news | Deloitte |

Featured articles:

OECD

• OECD releases discussion drafts on new elements of International VAT/ GST Guidelines
• Consumption tax trends

Americas

• Colombia: Requirements for offshore permanent free trade zones for oil and gas industry
• Colombia: 0% customs tariff for importation of cotton
• Mexico: Antidumping investigation for U.S. origin apples
• Mexico: Compensatory quota investigation for ethylene glycol monobutyl ether imported from the U.S.
• United States: New Jersey adopts sales tax rules for software and related services
• Uruguay: International delivery packages

Asia Pacific

• ASEAN: Abolishment of FOB value under AJCEP Form AJ
• China: China tariff policy for 2015 announced
• India: Aluminum dross and skimming not subject to excise duty – even post May 2008
• India: Increase in Sikkim VAT rates and Sikkim sales tax rates
• India: Salient features of the Constitutional Bill 2014 to enable the introduction of GST
• India: Division of Non Processing Areas for use by Special Economic Zone and Domestic Tariff Area entities
• Indonesia: Government revokes thousands of import licenses
• Indonesia: Import duties on finished goods to be increased
• Japan: Updated on proposed changes to taxation of cross-border digital services
• Singapore: U.S. and Singapore sign Customs Mutual Assistance Agreement and Mutual Recognition Arrangement
• Singapore: Strategic Goods (Control) (Amendment) Regulations 2014 take effect on 1 January 2015
• Singapore: Singapore signs Arms Trade Treaty
• South Korea: Introduction of advanced adjustment system for customs and internal tax
• Asia Pacific – trade preferences: Philippines-European Union, Singapore-Gulf Cooperation Council, South Korea-Australia, South Korea-New Zealand, South Korea-Vietnam

EMEA:

• Belgium: Company acting as director must apply VAT on fees – deferred until 1 January 2016
• Belgium: Final tax point rules – entry into force deferred until 30 June 2015
• Belgium: VAT on port taxes/ dues
• Croatia: Amendments to Croatian VAT legislation from 1 January 2015
• Denmark: Full deduction for input VAT on hotel accommodation as from 1 January 2015
• Denmark: Change of administrative practice for corrections of VAT
• Denmark: Mini One Stop Shop invoice requirements
• Denmark: Owners of new buildings and building sites may be able to sell without VAT in certain circumstances
• Denmark: Abolition of simplification rule for foreign tourist buses’ activities
• Denmark: Customs update
• Eurasian Economic Union: Armenia’s accession to the Eurasian Economic Union
• European Union: EU consultation on ‘public interest’ VAT exemptions and VAT for public bodies
• Finland: Supply of scrap metal subject to domestic reverse charge mechanism as of 1 January 2015
• Finland: Books published on physical means of support other than paper not subject to reduced VAT rate
• Finland: SAC considered remuneration for transfer of outstanding debts a taxable collection service
• Finland: SAC has published two rulings regarding the management services provided to SIFs
• Finland: Buyer allowed to deduct input VAT on prepayments, although supply not carried out due to liquidation of the supplier
• Finland: Amount withheld by buyer from payment to supplier regarded as indemnity and not a discount
• Germany: Threshold established for reverse charge on base and precious metals
• GCC-EFTA: Update on implementation of Free Trade Agreement
• Iceland: Changes to VAT rates and excise duty regime and amendments to VAT legislation
• Italy: New rules for letters of intent
• Italy: New 2015 VAT form (annual VAT return FY 2014)
• Italy: Stability Law 2015 (Law n° 190 dated 23 December 2014) published in the Official Gazette on 29 December 2014
• Italy: Clarification of new VAT refund rules
• Italy: Draft of legislative decree on MOSS regime sent to Parliament for analysis
• Italy: Right to be heard before a decision about the abuse of right – Supreme Court (sentence n°406 dated 14 January 2015)
• Lithuania: VAT amendments
• Lithuania: Amendments to the excise duty law
• Luxembourg: VAT rate increase
• Netherlands: No benefits under EU law where conscious involvement in VAT fraud
• Poland: Potential changes to Polish VAT law
• Poland: Changes to excise duty provisions as of 1 January 2015
• Portugal: VAT changes in Portuguese Budget Law for 2015
• Portugal: Environmental Tax Reform
• Portugal: Implementation of the 2015 EU place of supply changes
• Portugal: New rules for local VAT refunds
• Spain: Amendments to VAT Law
• Ukraine: Tax reform enacted
• United Kingdom: Change to Intrastat arrival threshold from 1 January 2015
• United Kingdom: HMRC guidance on VAT and prompt payment discounts
• United Kingdom: HMRC guidance for businesses supplying digital services to private consumers