06/12/2023
Featured articles
European Union: Combined Nomenclature published
The European Commission published the latest version of the Combined Nomenclature (CN), which applies from 1 January 2024. The CN is the basis for the customs declaration of goods in the EU at importation or exportation, and is used for statistical purposes.
China: Customs voluntary disclosure program
The General Administration of Customs has published updated guidance on its voluntary disclosure program, aiming to promote the program by expanding the scope, so importers and exporters may better use the program to improve compliance.
India: GST on online gaming
India’s online gaming industry has become one of the largest markets globally. The GST Council is considering a proposal to levy a higher 28% tax rate on contest entry amounts. A Deloitte India report analyzes the effect of the tax rate and value of supply on tax revenues.
Poland: Legislative changes to VAT and other acts
A number of bills amending the VAT act and related legislation were published during October 2023. Tax amendments include KSeF related changes to JPK_V7 reporting, a new beverage packaging deposit scheme, and an extension of the cash register scheme.
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