Indirect Tax News December 2017

In this issue:

• UNITED KINGDOM - Brexit – Official position papers and their impact on VAT and customs duty
• EDITOR'S LETTER
• 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
• MONTENEGRO - New VAT rate and other VAT changes
• 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