In this issue:
- OECD Secretary-General Angel Gurría has reacted to recent statements and exchanges regarding the ongoing negotiations to address the tax challenges of the digitalization of the economy
- VAT Action Plan
- EU: VAT highlights of the European Commission’s Tax Action Plan
- EU: Entry into force of new VAT e-commerce legislation postponed to 1 July 2021
- EU: European Commission VAT committee updates
- EU: COVID-19: European Commission waiving VAT and customs duties on vital medical equipment
- Africa: Baker McKenzie Africa Tax Newsletter
- Africa: VAT exemption and duties rebate for essential goods in South Africa
- Brazil: Brazilian IRS authorizes additional PIS and COFINS credits
- Brazil: The Brazilian Supreme Court issues a binding precedent on tax immunity over transactions with e-books and e-readers
- China: Dalian case — an offshore company fulfills its VAT obligation and payment when transferring shares in the open market
- Germany: Coronavirus-related tax relief
- Germany: German Federal Tax Court on holding a company’s right to deduct input VAT
- Germany: New decision of the highest German tax court regarding the VAT treatment of share deals (XI R 33/18, dated 18 September 2019)
- Germany: The German Federal Tax Court has requested two preliminary rulings from the European Court of Justice regarding the implementation of VAT grouping rules in Germany
- Germany: VAT in times of COVID-19 — fast-track reduction of VAT
- Indonesia: New regulation on VAT obligations related to transactions through electronic system
- Mexico: Crediting of non‑withheld VAT — Rule 4.1.11 of the miscellaneous tax rules to be repealed
- Philippines: Proposed Digital Economy Taxation Act of 2020
- Philippines: Bureau of Internal Revenue authorizes the issuance and use of electronic copies of VAT certificates and VAT identification
- Russia: Radical tax reform in the IT industry
- Saudi Arabia triples VAT rate to 15%
- Spain: VAT developments from the Spanish Supreme Court and Directorate of Taxes
- Spain: Central Economic Administrative Court — new judgment considers a Spanish branch and headquarters separate VAT taxpayers
- United Kingdom: New post-Brexit VAT rules for online sales of goods
- United States: Texas Comptroller’s Office implements new sourcing rule for internet sales and announces end of internet access tax
- Venezuela: National Executive issued decree extending the exemption from the payment of the Value Added Tax, Import Tax and Rate for Determination of the Customs Regime until 31 December 2020
- Venezuela: Tax exemption for the import of goods that prevent the spread of the Coronavirus pandemic (COVID‑19)
- Venezuela: Exclusion of the tax exemption on the final consumption items determined by the Ministries of Economy and Finance and Productive Agriculture and Lands
- The Venezuelan Government exempted imports and domestic sales of fuels derived from hydrocarbons from VAT, custom duties and customs fee
- European Union – Vietnam Free Trade Agreement
- Vietnam: New circular to implement the EVFTA’s rules of origin
- Vietnam: EVFTA – Opportunities for trade in goods
Source: bakermckenzie.com
