Global indirect tax news update - February 2012 |
Americas
Uruguay
A new return will have to be filed by certain Uruguayan taxpayers.
Asia Pacific
Australia
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.
New Zealand
Further details on the right to claim GST by insurance companies.
EMEA
Belgium
Details of several VAT changes are summarized.
Finland
The VAT treatment of tennis classes and tennis camps has been clarified.
France
The Supreme Court has ruled on the VAT treatment of sales of equity shares.
Germany
Additional information on the requirements for proof of intra-community transactions.
Italy
Numerous amendments have been approved, including the approval of the annual VAT return.
Lithuania
There is an update on the requirements in relation to register keeping and payments made to the tax authorities‟ bank account.
Norway
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.
Portugal
There are changes regarding Intrastat and e-invoicing.
United Kingdom
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.
Global indirect tax news update - February 2012
(192.69 KB)
