• Indirect Tax News - Issue 4/2017

Indirect Tax News - Issue 4/2017

12 December 2017

BDO Global

This newsletter summarizes recent tax news across the world. In this issue:


  • MONTENEGRO: New VAT rate and other VAT changes
  • ARGENTINA: Status of withholding tax on non-residents: provincial scope
  • AUSTRIA: European court judgement threatens independent groups of persons (IGP) exemption for finance and insurance companies
  • BELGIUM: VAT recovery - New approach to correction of VAT invoices
  • BRAZIL: Federal government’s tax instalment program
  • ECUADOR: Special consumption tax
  • THE EUROPEAN UNION: Intra-EU trade in goods: European Commission proposes new VAT regime
  • FINLAND: Changes in reporting and accounting of import VAT
  • GERMANY: Consignment stock in Germany - Is VAT registration required or not?
  • ITALY: Timing of recovery of input VAT
  • LATVIA: Reduced VAT rate on vegetables, fruits, and berries
  • THE NETHERLANDS: Lease with a purchase option - Supply of goods or supply of services?
  • PANAMA: VAT withholding agents
  • ROMANIA: Update on the VAT split payment mechanism
  • SINGAPORE: Clarification on “directly in connection with” and “directly benefit” for GST purposes
  • SPAIN: Modification of VAT base in insolvency: Spanish court rules in favour of taxpayer / VAT treatment of intermediary services provided electronically
  • UNITED KINGDOM: Littlewoods loses compound interest appeal
  • UNITED KINGDOM: Brexit – Official position papers and their impact on VAT and customs duty