Global indirect tax news update - February 2012
A new return will have to be filed by certain Uruguayan taxpayers.
Qantas‟ entitlement to GST refunds for fares forfeited by no-show passengers is back up in the air after the Commissioner of Taxation obtained special leave to appeal to the High Court. The government also has proposed introducing a lower rate of reduced input tax credit for managed investment schemes and certain superannuation funds.
Further details on the right to claim GST by insurance companies.
Details of several VAT changes are summarized.
The VAT treatment of tennis classes and tennis camps has been clarified.
The Supreme Court has ruled on the VAT treatment of sales of equity shares.
Additional information on the requirements for proof of intra-community transactions.
Numerous amendments have been approved, including the approval of the annual VAT return.
There is an update on the requirements in relation to register keeping and payments made to the tax authorities‟ bank account.
Airlines and other foreign companies that exclusively perform VATexempt services connected to direct transportation to or from Norway are liable to register for VAT in Norway to claim VAT.
There are changes regarding Intrastat and e-invoicing.
The requirement to file VAT returns online (and to pay VAT electronically) is being extended.
Visit the Global Indirect Tax News archive for issues from the past year.