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On June 21, 2017 the European Commission came with a proposal introducing new transparency rules for intermediaries - such as tax advisors, accountants, banks and lawyers - who design and promote tax planning schemes for their clients. The new transparency rules are laid down in a proposal for a Council Directive amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements. The European Commission intends the new reporting requirements to apply from January 1, 2019.

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On June 21, 2017 the Australian Parliament adopted a bill introducing a so-called vendor collection model to collect GST from low value imported goods. The law will require overseas suppliers and online marketplaces with an Australian GST turnover of $75,000 or more to account for GST on sales of low value goods to consumers in Australia from July 1, 2018.

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On June 21, 2017 the OECD published a new list of countries and jurisdictions participating in the Inclusive Framework on BEPS. Based on this list, Viet Nam is the latest country that joined the Inclusive Framework on BEPS. Therewith the total number of jurisdictions that have joined the Inclusive Framework on BEPS comes to 100.

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On June 20, 2017 the Dutch Minister of Finance sent the Dutch House of Representatives a summary of the discussions that have been held during the EuroGroup meeting of June 15 and the ECOFIN Council of June 16, 2017. During the ECOFIN Council a.o. the topics of a reduced VAT rate for electronic publications and the possibility for Member States to apply a general reverse charge mechanism for VAT in order to combat VAT fraud were on the agenda. After the ECOFIN Council no press release were released in this respect, which might have made some people wonder what happened with respect to these topics. In his letter of June 20, 2017 provides a very high-level insight in what happened in the discussions in ECOFIN Council.

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The next OECD Tax Talks webcast is scheduled for June 26, 2017 from 16.00 to 17.00 CET.

According to the OECD topics to be discussed during the webcast include a.o.:

·   The Inclusive Framework on BEPS – including progress on transfer pricing, the Multilateral Instrument, and updated work on branch mismatch arrangements.

·   Upcoming G20 Summit in Hamburg.

·   Global Forum work on tax transparency and exchange of information.

·   The months ahead: Our work programme, and how you can be involved.

  1. The Swiss Federal Council adopts a dispatch on automatic exchange of information with 41 states and territories
  2. The opinion of the AG in Case C-90/16, The English Bridge Union (VAT – A physical element is not necessary for an activity to be a ‘sport’ within the meaning of Article 132(1)(m) of Council Directive 2006/112/EC)
  3. CJEU judges in Case C-26/16, Santogal M-Comércio e Reparação de Automóveis (VAT – Conditions for the grant of the exemption for an intra-Community supply of a new means of transport)
  4. CJEU judges in Case C-38/16, Compass Contract Services (VAT – Repayment of overpaid VAT)
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