BDO's latest Indirect Tax News publication once again brings together up-to-date views on the most significant changes in indirect taxation in different countries.
The latest edition includes topics such as:
World trade and customs
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The US tariffs announced on 2 April have provoked mixed reactions. Some countries have expressed a willingness to negotiate, while countries such as China and the EU have considered or taken retaliatory measures against US imports.
- Financial markets have experienced strong fluctuations and fears of a global trade war have grown as the situation has evolved.
VAT developments in the EU
- The "VAT in the Digital Age" (ViDA) package has been formally adopted. It aims to harmonise VAT procedures in the EU and reduce the administrative burden on SMEs.
- This will make cross-border VAT compliance easier, especially for small and medium-sized businesses.
Recent VAT developments in Switzerland
- Foreign companies operating in Switzerland need to be vigilant about their VAT obligations, especially if the business includes:
- Delivery of goods including installation service
- Provision of digital and other services to consumers (B2C)
- These can lead to unexpected and costly VAT consequences if obligations are not properly managed.
- Belgium has tightened its VAT compliance rules and plans to step up controls.
- France stresses the importance of rigorous evidence in obtaining VAT deductions for real estate investments.
- Indonesia will introduce a centralised tax platform to improve tax payment efficiency and transparency.
- The Philippines applies a 12% VAT rate to digital services, regardless of the location of the service provider.
- In Slovenia, all VAT-registered businesses will be obliged to submit VAT invoices to the tax authorities as part of the VAT return from 1 July 2025.
Read more about all the news in our country-specific articles below. BDO experts around the world are at your service for all your indirect tax questions.
EMEA
- Switzerland: VAT pitfalls for foreign companies
- Belgium: VAT compliance rules tightened
- France: Strict evidentiary requirements must be met fot VAT deduction on real estate investments
- Slovenia: New VAT ledgers required from July 2025
- Spain: Tax authorities clarify application of the Verifactu regulation
- Spain: Annual tax and customs control plan for 2025 released
- Spain: New framework for Intrastat violations
America
- US: Trump announces massive global tariffs and eliminates De Minimis exemption for China/Hong Kong
- US: U.S. imposes sweeping sectoral tariffs on automotive imports; Venezuelan oil purchasers also targeted
- US: Streamlining indirect tax compliance and enchancing efficiency through automation solutions
- Canada: Underused housing tax (UHT) update: Key details for property owners
- Canada: Implications of new U.S. tariff order for Canadian exporters
- Colombia: Stamp tax rate increased temporarily
Asia Pacific
- Shina: Retaliatory tariffs imposed on US-origin imports
- Indonesia: New modern tax administration system introduced
- Philippines: VAT applies to digital service providers
EU and other international news
- European Union: New SME optional VAT exemption offers flexibility
- European Union: VAT in the Digital Age framework formally adopted
- International news: Indirect tax bytes