Global Indirect Tax News

A monthly newsletter covering VAT, goods and services tax, sales tax issues, and global trade issues around the globe

December 2020

Featured Articles

European Union: EU implements supplemental tariffs on goods of US origin

Following a WTO arbitrator’s decision authorizing the EU to implement retaliatory tariffs on US origin goods due to US subsidies of US aircraft production, the EU implemented supplemental tariffs on an estimated trade value of USD 4 billion per annum of US-origin goods imported into the EU.

Australia: Proposed changes to customs classification rules

The government has introduced proposed changes to the Customs Tariff Act 1995 in response to tariff classification proceedings determined against the Comptroller of Customs which resulted in nil or reduced customs duty being payable on certain goods.

Canada: Sales tax and the digital economy

The Department of Finance proposes to extend the collection obligation for GST/HST purposes to foreign-based suppliers and digital platforms that facilitate supplies of tangible personal property, services, intangible personal property, or short-term accommodation.

United Kingdom: Transition period following UK's departure from EU comes to an end

With only days left before the end of the transition period following the UK's departure from the EU, the EU and the UK on 24 December agreed the terms of a future economic partnership in the EU-UK Trade and Cooperation Agreement.

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