Global Indirect Tax Brief – August 2014

Global Indirect Tax Brief – August 2014

Americas

Jamaica: Consumption tax on imported services
Peru: Tax proposals to encourage investment
Venezuela: Foreign exchange rate for customs purposes
Brazil: Control of production, inventory for sales, excise taxes
Brazil: Financial transactions tax (IOF) on cross-border loans
US: US Trade & Customs Newsflashes
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Asia Pacific

Vietnam: Input VAT rules
Australia: Fuel Tax Credits
China: Simplified customs approval procedures for processing trade entities
Korea: Vat on Clinical Trial Services
Pakistan: Finance Act 2014, including sales tax changes
Australia: Indirect tax implications of debt transfers and dispute settlements
China: New customs clearance benefits with Korea
Hong Kong: Stamp duty on residential, non-residential property transfers
Taiwan: Increased Business Tax for Banks & Insurance Companies
India: Direct, indirect tax measures in Budget 2014-15
Japan: Proposed changes to consumption taxation of cross-border services
Australia: GST Compliance
Philippines: Customs Accreditation and Post Import audit criteria
Australia: Deferred GST on imports

EMA

EU: Excise taxes on alcohol, tobacco, energy
Germany: VAT treatment of telecommunication services; other VAT developments
Poland: No input VAT deduction concerning fuel cards
Switzerland: Opportunities with EU VAT rule change in 2015
Slovakia: VAT procedural amendments under consideration
Czech Republic: Pending VAT Changes
Gibraltar: 2014 Budget. Tax Proposals including Customs Duties measures
Portugal: Excise taxation of cigarettes referred to CJEU
United Kingdom: “Marked fuel” taxation referred to CJEU
Belgium: Tax card for 2014 including VAT
Switzerland: Free trade agreement with China
Sweden: VAT on corporate hospitality; VAT on imports