Global indirect tax news update - December 2011 |
Americas
Canada
The Quebec sales tax increases on 1 January 2012.
Colombia
The tax authorities have clarified the application of the VAT exemption for services provided in Colombia and used or consumed abroad.
United States
Updates on indirect taxes in several states.
Uruguay
A proposal to reduce the standard VAT rate has been issued.
Asia Pacific
Australia
A proposal has been issued regarding the Low Value Threshold exempting low value imports from GST and Customs duties, and there has been a case on the refund of GST by the tax authorities.
China
As from 1 January 2012, new VAT returns will be introduced for the VAT reform pilot program in Shanghai.
India
The VAT treatment of certain services has been clarified.
Japan
A Consumption Tax increase is expected to be introduced.
Malaysia
The authorities have released a new GST-dedicated web portal.
New Zealand
Credit card surcharges are considered part of an underlying supply and should follow the same GST treatment.
EMEA
Andorra
A VAT system will be introduced in Andorra.
European Union
The European Commission has issued a number of documents discussing the future of VAT.
Portugal
The 2012 Budget Law has been approved, confirming certain amendments.
Germany
There are new rules on the documents to be provided to evidence intra-Community supplies.
Luxembourg
The reduced VAT rate is applicable to ebooks.
Spain
Certain amendments have been approved regarding the flat-rate scheme, the Annual Sales and Purchases Listing, the submission of the monthly VAT books and the e-notifications system.
Sweden
The new VAT rate for restaurant and catering services has been confirmed.
United Kingdom
A number of measures have been introduced in the Finance Bill 2012.
Visit the Global Indirect Tax News archive for issues from the past year.
Global indirect tax news update - December 2011
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