Indirect Tax News, issue 2
05 July 2016
BDO VAT Centre of Excellence has prepared second Indirect Tax Newsletter for 2016.
This issue also contains latest information on Latvian VAT developments.
- Effective from 1 April 2016 - the VAT reverse-charge payment method applies to the supplies of mobile phones, tablet PCs and portable computers, and integrated circuit devices (including microprocessors and central processing units).
- Effective from 1 July 2016 - the VAT reverse charge payment method applies to the supplies of cereals and industrial crops, including oil seeds and mixtures of such goods that are not normally used in their unaltered state for final consumption, such as wheat, rye, barley, oats, corns, buckwheat, triticale, soya, linseeds (whole or split), and rape/colza seeds (whole or split).
- With effect from 1 July 2016 - the VAT exemption will no longer apply to residential housing management services, including services provided by housing co-operative societies to their members. For more information please click here.
This newsletter informs readers about issues of practical importance in the field of VAT and similar indirect taxes, such as GST. Experts from 23 countries provide first-hand information on recent developments in legislation, jurisdiction and tax authorities’ opinions and Directives.
To read the complete issue, please click here: Indirect Tax Newsletter