Global indirect tax news update - May 2012
A recent decree modifies the list of goods that are exempt from indirect taxes.
There have been changes to the sales tax rules in Georgia and Utah with respect to the nexus provisions for remote selling.
The VAT treatment of ancillary obligations has been amended.
The recent federal budget includes GST measures.
New guidance has been issued on the VAT treatment of zero-rated services.
New rules apply to the application of service tax in certain situations and the CENVAT credit has been allowed for solar power generation projects.
New measures have been introduced to remove GST impediments for nonresident businesses.
The European Commission has proposed new rules on vouchers.
Rules have been introduced to harmonize Italian VAT law with the EU rules and changes have been published on VAT compliance.
The rules relating to tax refunds have been amended.
The standard VAT rate is expected to increase.
New rules have been introduced regarding the VAT treatment of face value vouchers.
Visit the Global Indirect Tax News archive for issues from the past year.