• Indirect Tax News October 2017

Indirect Tax News October 2017

25 October 2017

Content in this issue:

  • ROMANIA - The VAT split payment mechanism
  • BELGIUM - VAT and the letting of immovable property
  • CHILE - New requirements for claiming VAT credits
  • GERMANY - What VAT rate is applicable for so called 'Wiesnbrezn'
  • HUNGARY -Mandatory data disclosure and the use of invoicing programs. Domestic provision regarding late payment interest is not in line with EU Law
  • IRELAND - VAT treatment of road tolls and update on business concern over Brexit
  • ISRAEL - Global trade in goods - new age challenges
  • ITALY - Extension of the split payment mechanism
  • JAPAN - Update of Consumption Tax Laws
  • LATVIA - Changes in the VAT Law starting 1 January 2018
  • THE NETHERLANDS - To be zero rated or not be zero rated …that is the question
  • SERBIA - Draft rulebook regarding keeping VAT records and VAT calculation overview published
  • SINGAPORE - Taxation of cross-border services and low-value goods
  • SPAIN - What to do when the issuer of an incomplete invoice refuses to correct it. Formal requirements contrary to the right of VAT deduction
  • SWITZERLAND - Reduction of VAT rates on 1 January 2018. Requirement for foreign companies operating in Switzerland to register for VAT from 1 January 2018 and changes to Low Value Consignment Relief delayed to 2019 15.
  • UNITED KINGDOM - UK tightens distance selling rules
  • ZIMBABWE - Recent VAT developments in Zimbabwe