Global indirect tax news - February 2011


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Americas

Colombia
Changes to indirect tax rules

United States

  • U.S. employers required to fulfill additional requirements when they bring foreign workers into the country
  • U.S. Foreign Trade Zone (FTZ) Board published proposed amendments to FTZ Regulations to provide more clarity and certainty to companies wishing to take advantage of FTZ benefits

Uruguay
Requirements for tourists to obtain reimbursement of VAT paid are more flexible and threshold decreased

Asia Pacific

Australia
Low value importation threshold is being reviewed and the Federal government has released details of several proposed changes to Goods and Services Tax

China
Local Education Surcharge will be applied throughout the country

India

  • Benefit of the excise duty exemption available to eligible industrial units has been extended in the states of Uttarakhand and Himachal Pradesh
  • Mumbai Tribunal ruled that date for filing a refund claim in respect of export services is the date of payment for the services received

New Zealand
Several changes to Goods and Services Tax will be introduced in April 2011

Singapore
2011 Budget includes several significant changes to Goods and Services Tax

EMEA

Belgium

  • Belgium introduced rule limiting recovery of input VAT for business goods that also are used for private purposes
  • Belgian VAT authorities will implement special regulation as of 1 April 2011 concerning clinical trials performed by hospitals and doctors

European Union
EU-Korea Free Trade Agreement provides opportunities for European companies

Germany
Ministry of Finance published its interpretation of the ECJ decision in X and Facet Trading BV, a case involving businesses that have been using their German VAT number to support intra-Community movements of goods

Italy
Tax authorities issued guidance on intra-Community authorization, black list transaction reporting and the annual VAT return

Romania
New VAT refund procedure in Romania has some drawbacks

United Kingdom
HMRC issued a brief on impact of the ECJ decision in AXA with respect to the VAT treatment of debt collections

Visit the Global Indirect Tax News archive for issues from the past year.