Global indirect tax news update - November 2012 |
Americas
United States
Courts in the states of Washington and Pennsylvania have ruled on prices advertised as “tax included” and on an exemption for wrapping supplies, respectively.
Uruguay
The tax authorities have clarified the VAT treatment of the local supply and imports of books and e-books.
Asia Pacific
China
The VAT reform pilot program was extended to Fujian and Guangdong on 1 November 2012.
India
The court has ruled on the concept of inter-state sales.
Malaysia
There are several indirect tax updates.
New Zealand
The tax authorities have revised their approach to the time of supply rules in certain circumstances.
EMEA
Bulgaria
Input VAT does not have to be adjusted following the demolition of a building.
European Union
The infringement procedure against France and Luxembourg for the VAT treatment of the supply of e-books has moved to the next stage.
France
A VAT rate increase has been announced for 2014.
Hungary
A recent bill includes a number of amendments to the VAT rules.
Italy
The VAT rules have been amended and a rate increase has been proposed.
Lithuania
There have been a number of amendments to the VAT rules.
The Netherlands
The Insurance Premium Tax will increase in 2013.
Poland
The tax authorities have initiated a number of audits on the VAT treatment of bonuses. There is an update to forthcoming changes to the VAT law.
Sweden
The CJEU has issued two decisions regarding VAT refund claims by nonresident businesses in Sweden.
United Kingdom
The VAT registration threshold for non-established companies will be removed on 1 December 2012.
Global indirect tax news update - November 2012
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