Indirect Tax News, Issue 4/2018 - December 2018

Dear Reader,

Many thanks for taking the time to read the final BDO Indirect Tax News for 2018. As you no doubt will see, it features interesting news and insights from BDO International colleagues from across the globe.

The partners and staff at BDO in Ireland had the pleasure of hosting many of these individuals in Dublin in October. It was fantastic to see so many people from so many different countries enjoying the Irish experience. It's gatherings like this that really remind us how wide-spread our Irish heritage is, for though our population is only about 4.8 million, there are more than 70 million people of Irish extraction living in other countries around the world. Given this, it was not surprising that many delegates at our Conference in Dublin took the opportunity to check up on their ancestry during their short time here.

Needless to say, an imminent 'Brexit' also resulted in many individuals from the UK and other countries checking their ancestry to see whether they might be entitled to an Irish passport. As regards Brexit, though we don't generally have too much involvement with passports, we're well qualified to assist our clients and contacts with any VAT, customs, or other tax-related concerns or challenges Brexit may bring.

Finally, as this is the last ITN before Christmas, I'd like to take the opportunity to wish you and your family a happy and peaceful Christmas and a prosperous New Year!

Ivor Feerick

Chair - BDO International VAT Centre of Excellence Committee

Contents

• CANADA: Québec Sales Tax changes for non-residents of Québec fast approaching
• ARGENTINA: Regime for promoting generation of renewable energy
• CANADA: USMCA 101 - What is in NAFTA 2.0?
• CURACAO: Turnover tax
• ECUADOR: ISD exemptions and VAT rates
• FRANCE: VAT deduction claimed by Hold Co. for renting premises to subsidiaries
• GERMANY: Update on consignment stocks, vouchers, and electronic marketplaces
• HUNGARY: Extension of the reduced VAT rate and VAT treatment of vouchers
• INDIA: Advance ruling under GST in India
• INDONESIA: Export of taxable services in Indonesian tax regulation
• IRELAND: Budget 2019
• ITALY: Italy invoicing – New requirements / Transfer pricing adjustments - Clarifications by Italian revenue agency
• LATVIA: Introduction of an innovative “Taxpayer Rating” system
• MALAYSIA: Re-implementation of Sales and Service Tax
• THE NETHERLANDS: Increase of the Dutch reduced VAT rate
• SAUDI ARABIA: VAT publications
• SPAIN: Financial Transaction Tax and Digital Service Tax
• UNITED ARAB EMIRATES: Penalties mark the start of a new chapter for UAE VAT
• UNITED KINGDOM: ‘Making Tax Digital’ deferred for non established businesses / UK adopts EU VAT treatment of vouchers