BDO Indirect Tax News - Issue 3/2018

11 October 2018

Original content provided by BDO Mexico

BDO Indirect Tax News focuses on issues of practical importance in the field of VAT and similar indirect taxes, such as GST. Experts from all over the world provide first-hand information on recent developments in legislation, jurisdiction and tax authorities’ opinions and directives.ContentsUNITED STATES: US Supreme Court upholds sales/use tax economic nexus standard - More states followARGENTINA: Foreign trade - Re-introduction of export dutiesBAHRAIN: VAT updateBELGIUM: Optional VAT system for professional letting of immovable property - Bill submitted to ParliamentFRANCE: Real estate – VAT on margin scheme applicable to sales of vacant building landMALAWI: Adjustment for output tax due to change in government policyTHE NETHERLANDS: The implications of Dutch implementation of the EU Voucher DirectiveROMANIA: Fixed establishment in RomaniaSAUDI ARABIA: Assessments, penalties, and VAT complianceSERBIA: Amended rulebook on VAT exemptions with the right to preliminary tax deductionSINGAPORE: Update on customer accounting on prescribed goodsSPAIN: General State Budget for 2018SRI LANKA: Introduction of VAT refunds for touristsSWITZERLAND: 2019 Changes affecting foreign businesses operating in SwitzerlandUNITED ARAB EMIRATES: Further steps forward - New guidance from the Federal Tax AuthorityUNITED KINGDOM: Brexit - The ‘no deal’ plan for VATZIMBABWE: Adjustment for output tax due to change in government policy and other VAT clarifications