BDO Indirect Tax News – February 2020

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 authorised 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