BDO Indirect Tax News - Issue 2/2022

BDO Indirect Tax News focuses on issues of practical importance in the field of VAT and similar indirect taxes, such as GST. Experts from all over the world provide first-hand information on recent developments in legislation, jurisdiction and tax authorities’ opinions and directives.

In this edition: 

• Bahrain: Guidance issued on VAT treatment of cryptocurrency transactions
• China: Input VAT refund policy expanded
• Czech Republic: Guidance issued on the VAT treatment of cryptocurrency transactions 
• European Union:
  • Commission proposes solution to address double VAT on distance sales of goods from outside the EU
  • EU Finance Ministers approve new VAT rates directive
• International: Indirect tax bytes
• Italy: New VAT rule for credit notes in insolvency proceedings
• Netherlands: Foreign entrepreneurs using OSS need not appoint tax representative
• Singapore: GST increase postponed and will be phased in
• Slovenia: New rules for VAT registration of non-resident suppliers, higher registration threshold and input VAT deduction 
• Spain: Ruling issued on VAT treatment of cryptocurrency platform transactions
• United Arab Emirates: Updates on VAT rules
• United States: Sales tax issues with crypto transactions

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