BDO Indirect Tax News - December 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.
 
This edition highlights developments in:

• ARGENTINA: Fiscal consensus - Implementation of stamp tax on credit and purchase cards in the city of Buenos Aires
• BELGIUM: Can input VAT incurred on services which have also benefited a third-party be deducted? (Vos Aannemingen BVBA – case C-405/19)
• CANADA: Year-end GST/HST updates
• CZECH REPUBLIC: Restrictions on the application of VAT on real estate rental from 1 January 2021
• ETHIOPIA: Amendments to the Value Added Tax and Excise Tax
• THE EUROPEAN UNION:
  • European Commission publishes Explanatory Notes on the new VAT e-commerce rules
  • If the intended activity does not take place, what do you do with the deducted VAT?
• GERMANY:
  • European Court of Justice strengthens the right for entrepreneurs to deduct input tax and thus the neutrality of VAT
  • The temporary reduction of the German VAT rates will end soon
• GUATEMALA: New special electronic regime for refunding tax credits to exporters
• INDIA:
  • Automation - The new normal
  • Import initiative - The Manufacture and Other Operations in Warehouse Regulation
• IRELAND: Temporary reintroduction of the second reduced VAT rate for the Tourism and Hospitality sector
• ITALY: News on e-invoicing regime and VAT obligations
• JAPAN: Introduction of new Japanese Consumption Tax system - The Japanese tax-qualified invoicing method
• KAZAKHSTAN: VAT in Kazakhstan through the prism of time
• MALAYSIA: Budget 2021
• MEXICO: New additions to the VAT Law for digital service providers
• OMAN: VAT introduced in Oman
• PANAMA: Panamanian VAT credit application procedure
• SINGAPORE: Goods and Services Tax (GST) on transfer pricing adjustments
• SLOVAK REPUBLIC: Outstanding receivables
• SOUTH AFRICA: Taxation Law Amendment Bill and other changes in Value Added Tax for 2020
• SPAIN:
  • Subsidiary qualified as a permanent establishment of its parent company for VAT purposes
  • Digital Service Tax
  • Modifications VAT Spain
• SRI LANKA: VAT simplification and rationalisation
• UNITED KINGDOM: Cost Sharing Groups - Territorial question unanswered (again)
• UNITED STATES: Sales and Use Tax and COVID-19 - Recognise the risks and take advantage of the opportunities
• ZIMBABWE: Restrictions on the importation of vehicles including buses

 

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