Dear reader,
Below you find all items we published in the past week.
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For 2021 we will be providing you with daily VAT and other indirect tax news as usual. We do this with lots of enthusiasm. And in order to bring you the latest news, fast, easy and free, we will be updating the website soon. The update will give you the opportunity to become our Friend or Sponsor, or to Advertise. If you are interested in the possibilities, please send us an email at [email protected].
We wish everyone a very happy, succesful and healthy 2021!
Warm regards,
The VATupdate team
WORLD, TECHNOLOGY AND JOBS
- Looking back at 2020 – VAT’s happened?
- 2020 Year-in-Review: Overview of the most significant changes and the developments expected in the future!
TECHNOLOGY
EUROPE
- Belgian Parliament Approves VAT Relief Measures for COVID-19
- Temporary VAT relief measures; medical supplies and real estate and construction sectors (COVID-19)
- Exemption for insurance activities depends on activity
- Temporary introduction of 0% VAT rate on vaccines between Jan 1, 2021 and Dec 31, 2022
- VAT Exemption for COVID-19 Vaccines and VAT Treatment of Supplies to and from the UK and Northern Ireland
- Czech Republic Provides Further VAT and Road Tax Deferral for COVID-19
- Extension of the 10% reduced VAT rate until August 16, 2021 on on accomodation, sport and admission to cultural events
- Estonia Tax Agency Issues Guidance on VAT Rules for Brexit
- VAT rules related to Brexit since 01.01.2021
- Agenda of the ECJ VAT cases – 1 decisions, 3 AG Opinions expected in January 2021 (till Jan 21, 2021)
- ECJ C-570/20 (Direction départementale des finances publiques de la Haute-Savoie) – Question – Duplication of proceedings and penalties of…
- ECJ C-703/18 (Healthspan Limited) – Removed from the Court Register – Cross-border sales; Transport ordered by customer or supplier?
- ECJ VAT Cases pending per Dec 31, 2020 – 74 cases are pending
- Flashback on ECJ cases C-434/17 (Human Operator) – Determination of the taxable person liable for VAT – Retroactive application of a…
- Flashback on ECJ Cases C-590/13 (Idexx Laboratoires Italia) – Right to deduct VAT if substantive requirements are met
- Almost New Year’s eve …. Sparkling Wine Taxes in Europe
- Brexit – the end of the transition period on 01/01/2021
- Brexit deal – initial thoughts and implications
- Brexit new trade agreement: What’s the deal for VAT?
- Brexit: EU ambassadors approve EU-UK trade deal, UK Parliament expected to approve on Dec 30, 2020
- Brexit: European Commission issued a Recommendation for a Council Decision (1256 pages)
- DAC6: Implementation, Reporting form and Guidelines Tracker
- Download the E-commerce VAT Guide from VATGlobal
- Draft EU-UK Free Trade Agreement is now available
- EU and UK agree on trade agreement as from 1 January 2021
- EU VAT identification number info including examples of registration certificates by tax authorities
- European 2021 VAT registration and Intrastat threshold changes
- European Commission Proposal of VAT Reforms for Financial and Insurance Services Explained
- European Parliament legislative resolution on the proposal for a definitive VAT system
- European Union will launch in July 2021 a special regime for VAT on B2C imports
- EU-UK Trade and Cooperation Agreement
- EU-UK Trade and Cooperation Agreement: Council adopts decision on the signing
- EU-UK Trade and Cooperation Agreement: protecting European interests, ensuring fair competition, and continued cooperation in areas of…
- Guidance Note – Withdrawal of the UK and EU rules in the field of Customs, including preferrential origin
- Guide on the pallet import/export procedures in a post Brexit world
- Intrastat thresholds in the EU and the UK
- It’s a fact, there is a Brexit deal!!!
- New as of Jan 5, 2021 – The SCIP Database
- New guidance document on the import and export of low value consignments
- No VAT exemption for heat supplies provided by homeowners’ association
- Overview VAT registration thresholds – Luxembourg increased to 35KEUR (update Dec 27)
- Recap – Brexit: Trade and Cooperation Agreement between the European Union and the UK – This is what you need to know!!!
- Recent developments on the issue of Fixed Establishments in the European Union: Part 2
- REX – Registered Exporter system
- Rules of Origin: Value limits expressed in Euro and corresponding amounts in national currencies
- VAT and Customs aspects of the deal and other Brexit updates
- VAT to-do list 2021
- What does the EU-UK trade deal mean from a global trade perspective?
- Will there be a BREXIT deal today ….? Let’s hope
- Will there be a BREXIT deal today ….? Summary of the (possible) deal
- France continues with digital tax collection despite tariff threats
- VAT on French yacht charters will change in 2021
- Germany changes the definition of supply of goods with installation
- Revised definition of work deliveries
- Devil in the detail: Here’s the main elements of UK-EU Brexit deal
- Ireland Issues Filing Guidelines for DAC6 Reporting and Additional Updated Guidance
- Brexit, tax representative required to recover VAT in Italy
- Clarification: Ancillary services to the main insurance brokerage business
- Clarification: industrial gold trade – reverse charge – electronic invoicing – nature codes
- Clarification: Input VAT on vehicles provided to employees
- Clarification: VAT Group – Economic link
- Clarification: VAT rate applicable to the sale of varicose binders and laces for hemostasis
- Clarification: VAT rate applicable to the sales of cosmetic products for the hand cleansing
- Public consultation on the outline of the circular transposing directive DAC6
- Ruling 627: Tax warehouses – Storage and warehousing services
- Ruling 632 on Triangulation
- COVID-19 vaccines and equipment or services closely related to vaccines could have a VAT of 0%
- Proposal for Council Implementing Decision Published Authorizing Lithuania to Increase VAT Exemption Threshold
- 2021 budget: VAT rate reduction for renovation, Increase VAT registration threshold, …
- Circular 802: The threshold for VAT exemption for small businesses is raised from EUR 30,000 to EUR 35,000
- 6 VAT end-of-year tips: this is how you close the year smartly!
- Advance on sales price is subject to VAT
- Apartments are essentially new construction (subject to VAT), not a transfer of generality of goods
- Assessment dated 2021, but received in 2020 – do not pay before 2021
- Council Implementing Decision (EU) authorising the Netherlands to introduce a special measure derogating for the Right to Deduct VAT
- Dutch Tax administration made VAT calculation tools available
- Exclusion of deduction of input VAT if for 90% private use
- New decree about levying VAT and VAT compensation by public law bodies
- New Dutch decree fixed establishment in VAT
- Provision of football complex is a sport service and does not qualify as abuse of law
- Updated Emergency measures decision corona crisis published
- VAT adjustment private use to employees and business relations
- VAT corona measures not all extended
- VAT identification number visible in ‘My Tax and Customs Administration’
- Implementation of VAT grouping in Poland covered in WP 997 of the VAT Committee
- MF and KAS detected more VAT fraud companies
- Polish VAT simplifications in 2021
- Slim VAT – simplifications in Polish VAT
- Slovenian Brexit guidance regarding VAT on supplies of goods and services
- VAT refunds between UK and Slovenia after Brexit
- Government has decided to reduce VAT on electric cars to 4% as of January 2021
- SME’s may postpone Q1 VAT for up to 6 months with first 3 months interest free
- Spain VAT measures for coronavirus epidemic
- VAT hike for sugary drinks
- Zero VAT rate for COVID-19 vaccines and in vitro diagnostic medical devices applies between 24 December 2020 and 31 December 2022
- Reduced VAT Rate Extended for Certain Goods and Services till May 31, 2021
- VAT refund limit for transactions subject to the reduced VAT rate set at TRY 18,900 for the tax year 2021
- Changes to the procedure for registration of VAT payers
- Guidance: Exchange of the goods under warranty by non-residents
- Revaluation of non-current assets: is it subject to VAT?
- Transformation of a legal entity: how is the VAT payer re-registered?
- VAT-exempt transactions under an international technical assistance project
- Warranty replacement of goods previously imported into the customs territory of Ukraine: what is the procedure for VAT taxation?
- Agreements reached between the United Kingdom of Great Britain and Northern Ireland and the European Union
- Apply for VAT group treatment and give company details
- Brexit – Guidance from UK.gov on the conditions of duty exemption, detailed guidance on the rules of origin
- Brexit and VAT: What’s changing for exporters
- Brexit for boat owners – expert advice updated
- Brexit to give pubs tax cut lifeline: EU exit to see VAT cut on beer on January 1
- Britain says it will sign free trade deal with Turkey this week
- British boats thrown lifeline over double VAT after Brexit
- Capital Goods Scheme (VAT Notice 706/2) (Updated)
- Claiming preferential rates of duty between the UK and EU from 1 January 2021
- Clarity over VAT on transactions spanning 31 December
- Duty suspensions and tariff quotas from 1 January 2021
- EU business: importing from the UK (Updated Dec 28)
- EU business: taxes and tariffs
- Finally, a Brexit deal!!! Series of newsletters of consultants on the deal – will be updated regularly
- Form: Apply for VAT group treatment
- Form: Register for the VAT Agricultural Flat Rate Scheme
- GOV.UK: UK-EU Trade and Cooperation Agreement – Summary
- Guidance: Register for VAT
- HMRC updated Brexit related documents on Dec 24, 2020
- How to use your duty deferment account to delay paying most duties and import VAT (updated)
- How will accounting for VAT on imports & exports change from January 1, 2021?
- Notice made under The Value Added Tax (Northern Ireland) (EU Exit) Regulations 2020
- Notice made under the VAT Regulations 1995 as amended by The VAT (Miscellaneous Amendments, Northern Ireland Protocol and Savings and…
- Register for VAT if supplying goods under certain directives
- Register for VAT if you make relevant acquisitions into Northern Ireland
- Register for VAT if you’re distance selling into Northern Ireland
- Selling services to the EU, Switzerland, Norway, Iceland and Liechtenstein from 1 January 2021
- UK Northern Ireland B2C distance selling after Brexit
- UK shoppers face Brexit duties on holiday and online purchases
- UK-EU Brexit trade deal done
- Upper Tier: reclaiming of VAT on Bad Debts
- VAT on Food and Its Future
MIDDLE EAST
AFRICA
AMERICAS
ASIA-PACIFIC
- Azerbaijan to exempt COVID-19 vaccine from VAT for two years
- Coronavirus vaccination in Azerbaijan to be VAT-free
- Electronic Fapiao Special Invoice live in entire China (in 2021, slightly later than planned)
- New car exemption from sales tax will be extended until June 2021. Both local and imported cars are exempt from 50 to 100% sales tax!
- 1% Cash Payment under Rule 86B of GST liability to affect only 0.5% Taxpayers
- 18% GST applicable on Construction of Directors Bungalow and Construction of Staff or Faculty Quarters in IIT
- A2ZTaxCorp’s Weekly GST Communique dated December 28, 2020
- Amendments introduced in CGST Rules on December 22, 2020, and its implications
- CA files PIL in Gujarat High Court seeking extension of GST Annual Returns due dates amid COVID-19 Pandemic
- CBIC notifies Corrigendum for New Form GST REG-31 notified for ‘Intimation for Suspension & Notice for Cancellation of Registration’
- Centre may impose 18% GST on bitcoin trading
- Consultancy service provided by Japan based company, having fixed establishment in India is not liable for RCM under ‘import of service’
- Digital Goods mainly online gaming will be treated as services under GST, taxable at 18%
- Due date of furnishing of annual return under CGST Act, 2017 for the FY 2019-20 extended to February 28, 2021
- E-invoicing – The Journey and The Steep Road Ahead!!
- Flipkart’s Instakart used fake invoices to avail GST credit: Report
- Fundamental Reforms in GST Law Amendments – Budget 2021?
- Generate e-Invoice Instantly in TallyPrime
- Govt extend due dates of Tax Audit/ITR/VSV Scheme/GSTR 9/GSTR 9C
- Govt weighs imposing 18% GST on bitcoin trade
- GST E-Invoicing Phase 2: The Challenges, Dos and Don’ts For Small and Medium Enterprises
- GST on the transfer of used Capital Assets
- GST Updates And Deadlines Jan 2021
- GST: Delhi Govt. waives off late fee on failure to furnish details of Outward Supplies in FORM GSTR-1
- GSTN issued FAQ’s on communication between Recipient and Supplier Taxpayers
- GSTN: Auto-population of e-invoice details into GSTR-1/2A/2B/4A/6A
- Handbook on finalisation of accounts with GST perspective
- Handbook on Returns and Payments under GST (101 pages)
- Important Judgements for December 2020 month relevant under GST
- ITR filing deadline extended from Dec 31 to January 10, 2021 for these taxpayers
- Karnataka GST Department lays down procedure for e-Audit of high risk cases
- Last date for filing annual GST returns for FY20 extended to March 31
- Maharashtra GST Dept issued clarification providing general procedure to be followed for GST Audit
- Major Changes in GST Rules! You Must Know!
- Mastermind of ₹1 billion GST fraud held in Panipat
- MSMEs, small dealers not to be affected by 1% cash GST payment rule
- No Service Tax applicable to Salary paid to employees under Secondment Agreement
- Over 40% of small businesses say it’s impossible to file tax returns by month end, want extension: Survey
- Perfecting GST: Eliminating menace of fake bills
- Proposal to levy 18% GST alarms crypto exchanges
- Receipt/Refund Voucher To Be Issued for Advance Payment
- SKA_GST Amendments Notified on 22.12.2020
- Supply of staff for cleaning and manpower to Hospitals run by Government medical college is not exempt under GST
- Validity of e-way bill narrowed by increasing distance from 100 km. to 200 km. per day
- Federal Board of Revenue Allows 5% Sales Tax Cash Back to Retail Customers
- Pakistan Introduces Electronic Audit System for Sales Tax
- Policy note on reforming sales tax launched
