Indirect Tax News - Issue 4/2017

14 December 2017

Original content provided by BDO Serbia

BDO GlobalThis newsletter summarizes recent tax news across the world. In this issue:ContentsMONTENEGRO: New VAT rate and other VAT changesARGENTINA: Status of withholding tax on non-residents: provincial scopeAUSTRIA: European court judgement threatens independent groups of persons (IGP) exemption for finance and insurance companiesBELGIUM: VAT recovery - New approach to correction of VAT invoicesBRAZIL: Federal government’s tax instalment programECUADOR: Special consumption taxTHE EUROPEAN UNION: Intra-EU trade in goods: European Commission proposes new VAT regimeFINLAND: Changes in reporting and accounting of import VATGERMANY: Consignment stock in Germany - Is VAT registration required or not?ITALY: Timing of recovery of input VATLATVIA: Reduced VAT rate on vegetables, fruits, and berriesTHE NETHERLANDS: Lease with a purchase option - Supply of goods or supply of services?PANAMA: VAT withholding agentsROMANIA: Update on the VAT split payment mechanismSINGAPORE: Clarification on “directly in connection with” and “directly benefit” for GST purposesSPAIN: Modification of VAT base in insolvency: Spanish court rules in favour of taxpayer / VAT treatment of intermediary services provided electronicallyUNITED KINGDOM: Littlewoods loses compound interest appealUNITED KINGDOM: Brexit – Official position papers and their impact on VAT and customs duty