Global indirect tax news update - July 2012
The calculation of certain cigarette and beverage taxes has been amended.
The conditions for Customs and VAT exemptions for imported international packages have been revised.
A court has ruled on the GST treatment of incentive payments in the motor industry.
The VAT reform pilot is being extended to ten more localities, and training has been conducted in Beijing for the VAT pilot programme.
Guidance has been issued on VAT and consumption tax refunds for exports of goods and services.
The online GST return filing service will be enhanced in August.
The Court of Justice of the European Union has issued several significant decisions.
France has proposed a tax on stocks of oil.
Changes have been made to the VAT treatment of the supply and rental of real estate and the VAT rates may be increased.
The scope of the reduced VAT rates will be amended as from 1 January 2013.
The VAT rate increase has been confirmed.
The courts have ruled on the VAT treatment of bonuses and the export of goods.
The VAT rates will increase on 1 September 2012.
A Technical Note was issued on changes to the VAT invoicing rules.
Visit the Global Indirect Tax News archive for issues from the past year.