Global indirect tax news update - April 2012
There are new transitional rules regarding the abolishment of HST in British Columbia as well as the introduction of this tax in Prince Edward Island.
There have been new developments on certain VAT exemptions.
A Federal District Court has ruled on the Colorado remote seller sales tax notice and a tax amnesty has been approved in Texas.
The list of exports for VAT purposes has been amended.
The State of Kerala has increased its VAT rates.The 2012 Budget Law contains proposed changes to indirect tax rules.
A meeting has been held regarding the status of business preparation for the introduction of GST.
One year after the introduction of the zero rating of land, it is worth considering how the rules are working and what practical issues are arising.
More information is available on the status of the introduction of a new document to prove intra-community transactions.
A new simplified procedure for VAT refunds has been introduced.
The VAT rules have been amended.
There has been a clarification of what constitutes a new building for the purposes of VAT exemption.
The VAT amnesty has been extended.
Tour Operator Margin Scheme has been introduced.
Recent court decisions address VAT on bonuses paid by vendors to network retailers and the collection of VAT from a tax agent’s own funds.
Jersey and Guernsey have decided not to appeal a court decision that the U.K.'s removal of low value consignment relief from consignments from the Islands (which took effect on 1 April 2012) was permitted under EU law.
Visit the Global Indirect Tax News archive for issues from the past year.