The power of industry experience is perspective - perspective we bring to help you best leverage your own capabilities and resources.
A round-up of recent indirect tax developments around the world.
Germany’s Federal Finance Court (BFH) recently published two decisions on the domestic VAT grouping rules. The decisions follow rulings issued by the Court of Justice of the European Union (CJEU) on 1 December 2022 on the conditions to set up a VAT group and the rights and obligations of the...
In the U.S., businesses with nexus in a particular state are required to charge their customers sales tax on taxable transactions such as retail sales of tangible personal property or taxable services unless, and until, the proper exemption documentation (i.e., an exemption certificate or a...
The “VAT in the Digital Age package” (ViDA) released by the European Commission on 8 December 2022 is designed to further modernise the EU VAT rules and revise how businesses report VAT (for prior coverage, see the article in the January 2023 issue of Indirect Tax News).
India’s Union Budget 2023-24 presented to parliament on 1 February 2023 includes a proposal to significantly broaden the definition of “online information and database access retrieval (OIDAR) services” (OIDAR services) and the definition of a non-taxable online recipient (NTOR).
The French tax authorities updated their Administrative Guidelines on 28 December 2022 to consolidate their position on the VAT treatment of compensation payments and provide several clarifications. The Administrative Guidelines are binding on the tax authorities.
Poland’s Ministry of Finance published an updated draft of the e-invoicing act on 15 March 2023 and announced that the implementation of mandatory e-invoicing for VAT purposes and the new national invoicing clearing system, called KSeF, will be postponed to 1 July 2024 and 1 January 2025 for VAT...
Customers returning goods they have purchased online or in a shop are part of the costs of doing business as a retailer. Goods may be returned, for example, because they were damaged or defective, the wrong goods were delivered, etc., and as a result, the consumer may have a right to a credit or...
The UK tax authorities (HMRC) released guidance on 15 March 2023, which reminds businesses that they may be required to register for purposes of the UK plastic packaging tax (PPT) and that the tax rate increased from GBP 200 per tonne to GBP 210 on 1 April 2023.