Featured Insights
- Europe: Brexit — Three key changes to United Kingdom VAT from 1 January 2021
- New guidance document on the import and export of low value consignments
- Belgium: DAC 7 light reporting obligation(s) introduced for digital platforms in the sharing and gig economy
International
- Will Pillar 1 gain impetus and reach a consensus-based solution in 2021?
- Eleventh meeting of the OECD/G20 Inclusive Framework on BEPS
- European Union / EMEA
- European Commission adopts proposal to adapt decision-making process for interpreting certain VAT concepts
- VAT rules for financial and insurance services consultation
- Africa: AfCFTA is now operational — what to expect in the first few months
- European Union: The European Union approach on the concept of intervention of the VAT fixed establishment with specific focus on the Italian and Czech approach and the latest developments
- Europe: European Member States reach consensus on reporting obligation for digital platform (DAC 7)
- France: Permanent establishment — an extensive approach adopted by the French Supreme Court
- Germany: Tour operator margin scheme
- Germany: Implementation of the Directive (EU) 2019/771 on the sale of goods, upcoming amendments to the German Civil Code governing the sale of goods with digital elements and other aspects of sales contracts
- Luxembourg: Company cars made available to (cross-border) employees…always subject to VAT?
- Spain: The general directorate of taxes and tax court update on indemnity payments and Spanish VAT refund after Brexit
- Spain: The new tax convention with Japan
- Sweden: New ruling — VAT liability for co-location services
- Sweden: New proposal for a compensation scheme for companies affected by the new COVID-19 Act
- Turkey: Amendment to the export condition on the implementation of income tax withholding incentive for free trade zones
Asia Pacific
- Hong Kong: Stamp duty update
- Japan: New invoicing requirements for consumption tax (JCT)
- Vietnam: New draft regulation governing taxation of e-commerce activities
- Vietnam: Export manufacturers entitled to import duty exemption for imported materials subcontracted to third parties in outsourcing activities
North America
- Canada: Government proposing to increase GST/HST registration and collection requirements for non-residents
- United States: New York administrative law judge determines that online security services are subject to sales tax
- United States: SCOTUS invites acting solicitor general to weigh in on ongoing dispute between Massachusetts and New Hampshire regarding controversial COVID-19
sourcing rule - United States: New year, new digital and data tax proposals
Latin America
- Argentina: Adherence to the regime for the promotion of the knowledge economy
- Brazil: The Brazilian Supreme Court decides to apply an exclusive ISS levy to software transactions, with ‘modulation of effects’
Source: bakermckenzie.com
