Confronted with several changes in the first half of 2022 and already with an eye on the second semester, the agility of tax administrations and lawmakers will remain a reliable source for innovations. The latest insights from the world of VAT and GST can be found in our second edition of the WTS Global VAT Newsletter 2022.
In The Netherlands, a supreme court ruling might allow for a broader interpretation of the organisational requirements in connection with VAT grouping.
Even more developments are reported from outside of Europe. Chile broadens the scope of VAT as only specific services shall be considered as VAT-exempt in the future. The fear of business contraction was the driver for China to cut down registration thresholds and specific VAT rates as well as extend the scope of input VAT deductions. For the Gulf Cooperation Council countries, the update discloses that some states may continue to postpone the go-live of VAT, whilst others increase their VAT rates or implement a whistleblowing system against tax fraud. Nigeria’s VAT system "goes digital" – non-resident suppliers of digital services might face registration obligations for VAT purposes as their services could be subject to local VAT. The closing comments will be provided by Vietnam, outlining a reduction of VAT rates for specific supplies; once more illustrating the variety of regional particularities in the world of VAT and GST.
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