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We recognize that our May 2020 issue of Baker McKenzie's Global VAT/GST Newsletter is being shared with you during an unprecedented time, and we hope that our communication finds you in as good health and spirits as possible during this challenging time.

As businesses continue to face weakened financial markets, as well as disruption to workplace operations and business pipelines due to restrictions to the mobility of people and goods, we want to make you aware of our Resilience, Recovery & Renewal resource center. Our latest COVID-19-related alerts can be accessed through our resource center.

We would also like to share our various tax resources that we hope can help you with taking a step back and getting a clearer picture of the taxation landscape during these times, and just as importantly, as we recover from the pandemic. Our resource centers are updated on an on-going basis, and will allow you to find materials that help you understand, prepare, and respond quickly to significant challenges.

For this edition, we discuss Spain's new VAT measures and mutual agreement procedures, and also outline proposed changes to the Netherlands' VAT rules as part of Tax Plan 2020 and provide insight on the decision of the UK's Upper Tribunal in Target Group Ltd v. HMRC, which highlights the importance of correctly determining taxable administration services.

As always, we also encourage you to reach out to your Baker McKenzie contact(s) for any specific questions or legal concern you may have, as well as to contact our newsletter editors Jochen Meyer-Burow and Martin Morawski, or any of the authors listed throughout the newsletter, if you have any comments or questions.

In this issue:

  • EU VAT Forum report
  • European Union: VAT: Council adopts simplified rules for small businesses
  • European Union: E-commerce: Council adopts new rules for exchange of VAT payment data
  • Indonesia: Lower threshold for import duty exemption on e-commerce as part of making Indonesia 4.0
  • The Netherlands: Netherlands: Tax Plan 2020
  • Spain: New VAT measures and mutual agreement procedures
  • United Kingdom: Loan administration services do not amount to VAT exempt supplies
  • Uzbekistan enacts new Tax Code
  • Venezuela: New exemption for value added tax, import tax, and the rate for determination of the customs regime on imports
  • Venezuela: The revenue service issued the calendar for special taxpayers, withholding agents and for playing, betting and gambling activities
  • Venezuela: The National Constituent Assembly amended the VAT law and established a surcharge on transactions in foreign currency
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