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Global Indirect Tax News - 04/07/2017


Global Indirect Tax News - June 2017

Your reference for indirect tax and global trade matters

Welcome to the June 2017 edition of GITN, covering updates from the Asia Pacific and EMEA regions.

Features of this edition include an update on GST for foreign vendors selling to customers in Australia and the introduction of a voluntary VAT reverse charge for telecommunications services in the Netherlands.

See here for the June 2017 edition of GITN.

David Raistrick
Deloitte Global Leader – Indirect Tax

Country summaries

Asia Pacific

Australia

There is an update on GST liabilities for foreign vendors selling to consumers in Australia.

The recent federal Budget included a number of key GST measures.

Indonesia

Import duty rates have been amended in the context of the economic partnership agreement between Indonesia and Japan.

The regulation regarding import duty borne by the Government for certain industrial sectors in the 2017 financial year has been amended.

A regulation has been introduced regarding the importation of certain horticultural products.

Kazakhstan        

A new draft of the Tax Code is being developed, under which the VAT ‘place of realization’ rule could be significantly changed.

Malaysia        

The Royal Malaysian Customs Department (RMCD) has updated the GST guides on Islamic banking and the Tourist Refund Scheme.

The RMCD has made a number of announcements regarding the administration of GST.

The RMCD recently clarified matters concerning payment of GST and when it is considered effective, particularly with respect to payment by cheque.

The Ministry of Finance has imposed definitive safeguard duties on certain steel products imported from specific countries for a period of three years.

Singapore        

The Inland Revenue Authority of Singapore has issued several consultations relating to base erosion and profit shifting (BEPS) and the indirect tax implications of the digital economy.

Customs has released a circular announcing the introduction of the new End-User Statement formats for Strategic Trade Scheme Bulk and Individual Permits.

EMEA

EU-Sri Lanka

Sri Lanka has regained ‘Generalized System of Preference +’ status.

Belgium        

Stricter rules are to apply regarding VAT deduction for gifts.

The VAT exemption for insurance claims handling will be narrowed with effect from 1 January 2018.

Italy        

Guidelines have been released on penalties for the incorrect application of the reverse charge mechanism.

A resolution has been published regarding the sale of VAT credit as warranty.

There has been a decision of the Council of the European Union regarding the split payment mechanism.

There have been CEJU judgments regarding the legislation providing for administrative penalties and criminal penalties for same offences, relating to omitted VAT payments.

A resolution has been published on the e-storage of invoices for VAT purposes.

The tax authorities have published FAQs regarding the quarterly e-communication of VAT calculations.

Criteria have been defined for VAT deregistration and exclusion from the VIES database.

There is confirmation regarding the limitation period for customs debt.

Criteria for obtaining ‘authorized consignee’ status for excise purposes have been issued.

A ruling has been issued regarding the customs and VAT treatment of the bunkering of energy products.

Ireland        

Updated guidance has been published on the VAT exemption for educational and vocational training.

A case has been referred to the Court of Justice of the European Union on VAT deductibility related to share transactions.

The Irish Revenue has updated the ‘Revenue’s On-Line Service’ regarding administrator registration.

Latvia        

There have been changes to VAT returns.

Netherlands        

The VAT reverse charge mechanism may be applied to telecommunications services from 2 June 2017.

Proposed rules have been published for VAT adjustments for ‘expensive services’.

The Tax Administration has issued the processing method for objections relating to the VAT treatment of the private use of cars.

Portugal

An Ordinance has been published regarding the new system for the VAT exemption for the export of goods by a traveller who is non-resident in the EU (tax free).

A Circular Letter has been published regarding the place of supply of services connected to immovable property for VAT purposes.

Russia        

Credit institutions or mobile network operators may be required to collect VAT from foreign e-service providers.

Clarification has been issued for foreign organizations providing e-services.

The Ministry of Finance has clarified the VAT treatment of updating and extracting materials from a database.

The prohibition on the importation of certain goods from Turkey into Russia has been abolished.

South Africa

The International Trade Administration Commission of South Africa is currently reviewing responses to an application for the creation of a temporary rebate facility for certain structural steel.

United Kingdom        

A tribunal has rejected the tax authorities’ argument for the VAT exemption to apply to payment processing.

Eurasian Economic Union

There has been a decrease in the rates of import customs duty for certain goods due to Russia’s WTO obligations.

Preliminary anti-dumping duty has been introduced on hot-rolled steel corners originating from Ukraine.

Anti-dumping measures have been extended on rolled metal products with polymer coating originating from China.

Technical regulation on the safety of equipment for children's playgrounds has been introduced.


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