Indirect Tax News - Issue 2/2017

The French administrative Supreme Court (Conseil d’Etat) has made an important decision on the recognition of a VAT recovery right for a French branch rendering internal supplies of services to its foreign parent company.

Contents:

• FRANCE: VAT recovery right of a branch rendering internal supplies: application of the ESET case in France
• CHINA: The progress of VAT reform and the updated vat enforcement regulations
• GEORGIA: VAT treatment of advances
• GERMANY: Invoice threshold for ‘less detailed invoices’ increased to EUR 250
• THE GULF COOPERATION COUNCIL STATES: Draft Saudi VAT law released
• INDIA: New goods and service regime
• ITALY: New VAT compliances
• JAPAN: Revision of Consumption Tax scheme for services related to entertainment and sports provided by foreign businesses
• THE NETHERLANDS: The impact in the Netherlands of the Oxycure Belgium case
• POLAND: Poland stiffens punishment for VAT fraud and errors
• ROMANIA: VAT deduction when a taxable person is declared inactive
• SERBIA: New VAT rulebooks adopted by the Serbian Ministry of Finance / Newly introduced obligation to appoint VAT representative in Serbia
• SINGAPORE: Customer accounting on prescribed goods
• SPAIN: Immediate Supply of Information on VAT (SII) / Application of the use and enjoyment clause / Call-off stock scheme
• UNITED KINGDOM: VAT recovery on corporate finance deal costs
• UNITED STATES OF AMERICA: Remote seller use tax notification laws