Global indirect tax news update - May 2012 |
Americas
Costa Rica
A recent decree modifies the list of goods that are exempt from indirect taxes.
United States
There have been changes to the sales tax rules in Georgia and Utah with respect to the nexus provisions for remote selling.
Uruguay
The VAT treatment of ancillary obligations has been amended.
Asia Pacific
Australia
The recent federal budget includes GST measures.
China
New guidance has been issued on the VAT treatment of zero-rated services.
India
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 Zealand
New measures have been introduced to remove GST impediments for nonresident businesses.
EMEA
European Union
The European Commission has proposed new rules on vouchers.
Italy
Rules have been introduced to harmonize Italian VAT law with the EU rules and changes have been published on VAT compliance.
Lithuania
The rules relating to tax refunds have been amended.
Netherlands
The standard VAT rate is expected to increase.
United Kingdom
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.
Global indirect tax news update - May 2012
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