BDO Indirect Tax News – February 2020
In this issue:
- 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 authorized 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
- 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
- Statute of limitation for the deadline for requesting VAT refunds
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