Global indirect tax news update - December 2012 |
Americas
Uruguay
Uruguay has amended the rules on VAT refunds for tourists.
Asia Pacific
Australia
A new anti-dumping agency has been announced, and the government has provided its interim response to recommendations made by the Low Value Parcel Processing Taskforce.
China
There is an update on the VAT reform pilot program.
India
There are updates to the use of accounting codes and the valuation rule for service tax.
Malaysia
The MIDA has posted a reminder on its website regarding the expiration of certain tax incentives.
EMEA
Bulgaria
The CJEU has ruled on a case concerning "lack of actual supply".
European Union
The Advocate General has issued his opinion on two infringement proceedings regarding VAT grouping.
Italy
There are several updates regarding the implementation of the Invoicing Directive, the purchase of fuel and the supply of points between companies that are partners in prize competitions.
The Netherlands
The tax point for the supply of tobacco products will be amended.
Poland
There is an update on the amendments to the VAT law.
Portugal
The parliament has approved the 2013 budget law, which includes changes to the VAT and excise duty rules.
Romania
A cash accounting regime will be introduced in 2013.
Switzerland
Changes have been made to the VAT refund procedures for enterprises with their place of business abroad.
United Kingdom
The provisions of the EU Invoicing Directive have been implemented into UK legislation. A decision has been issued on the TOMS scheme. The rules on the VAT treatment of certain mis-selling review services have been amended. A Notice has been issued on the introduction of Machine Games Duty.
Global indirect tax news update - December 2012
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