Global Indirect Tax news January 2015

A feature of this edition includes the release by the OECD of its discussion drafts on two new elements of the International
January 2015 VAT/ GST Guidelines, relating to the place of taxation of business-to-consumer supplies of services and intangibles, and provisions to support the application of the Guidelines in practice. Comments are invited on the drafts, and must be submitted by 20 February 2015.

Other highlights include the tabling of a bill to enable the introduction of a GST in India, VAT rate changes on 1 January 2015 in Iceland and Luxembourg, further developments regarding the implementation of the 1 January 2015 place of supply changes in the EU, and news of a number of trade deals.