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Analysis:
Analysis
06 Aug 2024
9 minute read

Global Indirect Tax news

Your reference for indirect tax and global trade matters

Recent Update and a news archive appear below; for back Issue of Global Indirect Tax News or to subscribe, please email a request to globaltaxpublications@deloitte.com.

Global Indirect Tax News July 2024 - Download the full newsletter
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July 2024

Featured articles

Global

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Deloitte 2024 Global Tax Policy survey


Deloitte has surveyed more than 1,000 tax and finance executives for the 2024 Global Tax Policy Survey, to understand the impact that five key themes are having on shaping the changing global tax landscape and their ranking in the eyes of industry leaders.


 

Brazil

Draught legislation on VAT reform

Brazil’s Chamber of Deputies approved draught legislation to further regulate the VAT reform passed in December 2023. Under the reform, a dual VAT will be implemented from 2026, with a federal VAT and a state and municipal VAT and a new federal excise tax.


 

China


VAT and voluntary carbon market


The hearing on China’s first VAT-related case concerning sales of China Certified Emission Reductions commenced on 3 June 2024. The case is to determine whether a seller of CCERs has any obligation to issue VAT special invoices to the buyer.


 

United Arab Emirates


Voluntary disclosure programme


Dubai Customs has provided a framework of the voluntary disclosure programme, to encourage importers and exporters to disclose unintentional errors or violations committed during customs procedures and potentially benefit from waivers of customs fines.



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