Dear reader,
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Our previous weekly VATupdate newsletters can be found HERE.As mentioned in our previous newsletter, we will be providing opportunities shortly to support VATupdate.com by becoming our Friend or Sponsor, or to Advertise. If you are interested in the possibilities, please send us an email at [email protected].
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The VATupdate team
WORLD
- 2021 global VAT & GST rate changes
- 25 Most visited articles on www.vatupdate.com in 2020
- Global VAT rate changes as of Jan 1, 2021
- Top 10 Most viewed articles on www.vatupdate.com in Dec 2020
TECHNOLOGY
EUROPE
- Overview of 2021 Albanian tax legislation revamp: Increase of the VAT threshold
- VAT registration turnover threshold has increased to 10 million ALL (about 81,000 EUR)
- ECJ C-607/20 (GE Aircraft Engine Services vs. UK) Questions: Issue of retail vouchers to employees
- Flashback on ECJ Cases C-185/01 (Auto Lease Holland) – A lessor of a vehicle did not make a supply of fuel to the lessee when the lessee fills up…
- Flashback on ECJ cases C-271/12 (Petroma) – No Right to deduct VAT in case of incompliant invoices
- Flashback on ECJ cases C-386/16 (Toridas) – Exemption of intra-Community supply of goods in a chain of supplies only applies to the supply to…
- Flashback on ECJ Cases C-41/04 (Levob Verzekeringen and OV Bank) – Software is a supply of services if customization is predominal
- Flashback on ECJ cases C-430/09 (Euro Tyre Holding) – Allocation of transport in case of chain supplies
- Flashback on ECJ Cases C-78/12 (Evita K EOOD) – Acquisition of a right of ownership of the goods concerned and right to deduct…
- ECJ C-582/20 (SC Cridar Cons SRL vs. RO) Questions: Refusal of VAT deduction without disposing of objective information about VAT fraud
- ECJ C-585/20 (BFF Finance Iberia S.A.U. vs. ES) Questions: Late payment Directive, interest also on the VAT amount?
- ECJ C-598/20 (AS Pilsētas zemes dienests vs. LV) Questions: VAT exemption for compulsory leasing of land?
- 2020 Year-in-Review
- Brexit – European Union issued FAQs related to the Transition Period on Tax and Customs
- Brexit – How To Benefit From Duty Free Between The UK And The EU?
- E-commerce – New tools to understand and implement the new EU VAT regime
- EU states agree to share digital platform information to aid tax collection
- Launch of the European Commission’s action plan for fairer and simpler taxation: what future consequences for those liable to VAT?
- Many European countries issued VAT and Customs guidelines on Brexit – An overview & more to come
- The UK-EU Trade and Cooperation Agreement – what you need to know
- UK and EU reach trade agreement
- What does the EU-UK trade deal mean from a global trade perspective?
- Finance law 2021 has been published: Composite supplies, 0% VAT rate on vaccines, postponement E-Commerce Directive, VAT grouping,…
- Finance Law 2021: Generalisation of electronic billing in B2B and obligation of VAT e-reporting from 2023
- Guidance on the VAT refunds in France for UK entities
- Changes in German preliminary VAT return as from 1 of January 2021
- New conditions for the input tax deduction of a holding company
- Greece moves mandatory e-books and e-invoicing to 1 April 2021
- Greek government announced the postponement of the go-live date of myDATA to 1.4.2021
- Mandatory e-invoices and e-books has been delayed from 1 January 2020 to 1 April 2021
- Brexit – Clarifications on VAT registrations for UK businesses – UK entities require fiscal rep and a new VAT number
- Consultation on Legislative Decree Implementing VAT E-Commerce Package
- Finance Department Updates List of Entities Qualifying for the Application of the Split Payment System
- Fiscal representative required for UK entities in Italy: Scope of the post-Brexit agreement also questionnable according to the FAQ of the Agenzia Entrate
- Guidance: Contribution of a company to a permanent establishment in Italy
- Guidance: Pro rata for simultaneous transactions with resident and non-resident taxable persons
- Italy Publishes Lists of Companies Subject to VAT Split-Payment for 2021
- Italy Revenue Agency Clarifies VAT for Nonresidents on Re-Imported Goods
- Italy Tax Agency Clarifies VAT Treatment of Alternative Investment Funds
- The consumption of meals at the restaurant is decisive for the 10% VAT
- VAT treatment of a driving app proposed by an insurer
- Commissioner for Revenue publishes DAC6 guidelines
- Malta Amendments VAT Act in Relation to the UK’s Withdrawal from the EU
- Malta Amends VAT Registration Thresholds
- VAT Registration Thresholds Changes
- 21% VAT for the delivery of dosage letters with individual information for patients
- Agricultural standards for withdrawals for own and private use 2020
- Decree State Secretary VAT solar panels and small business scheme 2020
- Delivery of land with wall and foundation piles not subject to VAT
- New (e-commerce) VAT rules in the pipeline from July 1, 2021
- New VAT and car calculation tool available
- No building site delivery due to large wall on plot
- No default penalty for additional assessment after VAT supplement
- No right to deduction for more than 90% private use
- Return amounts paid by the drug manufacturer are price adjustments
- Return amounts paid by the drug manufacturer are VAT deductions
- Separate apartments for VAT because buildings are split into apartment rights
- VAT adjustment private use to employees and business relations
- Cheaper wine and beer: A number of tax changes are coming to Norway in 2021, here’s an overview
- VAT on alternative treatment
- All types of compensations allowed in split payment
- KAS has detected a VAT carousel in trade in electronics. The State Treasury recovered over PLN 21 million
- BREXIT – Guidance of Portuguese Tax Office on Supply of services, MOSS, Provisions on supply of goods (incl. Northern Ireland),…
- Due dates on assigning fiscal representative
- Federal government zeroes import tax on needles and syringes for vaccination against Covid-19
- Portugal Extends the Subjective Scope of the VAT Exemption Scheme for Small Businesses
- VAT reduced rate on face masks and hand sanitizer sold to general public extended till the end of 2021
- Fixed establishment for VAT – Focus on toll manufacturer structures
- Implementation of SAF-T in Romania
- VAT changes 2021: VAT refund procedure, Ceiling application VAT
- Budget Law 2021 Published: VAT rate increase sweetened drinks, increased threshold for simplified and special VAT regimes, insurance tax…
- Implementation DAC6 into national legislation
- Recovery of Spanish VAT quotas by non-established UK companies after Brexit
- Spain approves State Budget Bill for 2021: VAT rate increase sweetened drinks, increased threshold for simplified and special VAT regimes,…
- These indirect taxes rise in Spain in 2021
- VAT refund of Spanish to businesses in the United Kingdom and Northern Ireland
- A supplier prepares several tax invoices for one advance payment – can such tax invoices include VAT in a tax credit?
- Received several advance payments from one customer during the day – can they be processed with one tax invoice?
- Taxation of software products: The Ministry of Finance approved the Generalized Tax Consultation
- The Ministry of Finance has finally decided the fate of VAT taxation of transactions with software products
- VAT payer registration application is submitted only in electronic form
- A zero tariff & zero quotas deal under the EU-UK Trade & Cooperation Agreement
- Amazon prices rise as Chinese sellers’ VAT loophole is closed
- Brexit – How to get the VAT refunds in Northern Ireland or the EU, if you’re established in Northern Ireland or in the EU for VAT paid on supply of goods
- Brexit – Intrastat requirements
- Brexit Transition: Check what you need to continue importing and exporting
- Brexit update: HMRC provides more clarity about trade with UK
- Changes to the VAT MOSS rate for the UK and EU countries
- Customs legislation implementing the UK’s post-Brexit Indirect Tax regimes
- Customs Warehousing and IPR
- Customs, VAT and Excise UK transition legislation from 1 January 2021 (Updated)
- Delaying declarations for EU goods brought into Great Britain
- English-style e-commerce: the right reflexes to adopt in 2021
- EU firms stop trade with UK to avoid new VAT burden following post-transition rule changes
- Excise Duties legislation implementing the UK’s post-Brexit Indirect Tax regimes
- Form: Appoint a tax representative if you’re distance selling into Northern Ireland
- Form: Report incorrect Customs Duty or VAT on items imported by post (BOR286)
- Form: Tell HMRC about an option to tax land and buildings
- From 1 January reusable packaging will require an import or export declaration
- HMRC explains: Intra VAT Group Transactions
- HMRC Guidance – Place of supply of services (VAT Notice 741A)
- HMRC Guidance Check if you can pay a reduced amount of Customs Duty
- HMRC Guidance Exports, sending goods abroad and charging VAT
- HMRC Guidance Goods exported from the UK from 1 January 2021 (VAT Notice 703)
- HMRC Guidance Self-billing (VAT Notice 700/62)
- HMRC Guidance Tour Operators Margin Scheme (VAT Notice 709/5)
- HMRC Guidance: Dispatches of goods from Northern Ireland to the EU, and charging VAT
- HMRC Guidance: Domestic reverse charge procedure (VAT Notice 735)
- HMRC Guidance: Freight transport and associated services (VAT Notice 744B)
- HMRC Guidance: Gold imports and exports (VAT Notice 701/21)
- HMRC Guidance: Group and divisional registration (VAT Notice 700/2)
- HMRC Guidance: Health professionals and pharmaceutical products (VAT Notice 701/57)
- HMRC Guidance: How to fill in and submit your VAT Return (VAT Notice 700/12)
- HMRC Guidance: How to report EU sales made on or before 31 December 2020 for VAT
- HMRC Guidance: Insurance (VAT Notice 701/36)
- HMRC Guidance: Land and property (VAT Notice 742)
- HMRC Guidance: Motoring expenses (VAT Notice 700/64)
- HMRC Guidance: Partial exemption (VAT Notice 706)
- HMRC Guidance: Point of Sale VAT Retail Scheme (VAT Notice 727/3)
- HMRC Guidance: Record keeping (VAT Notice 700/21)
- HMRC Guidance: Refunds of VAT for UK businesses buying in EU countries
- HMRC Guidance: Sailaway boats supplied for export outside the UK (VAT Notice 703/2)
- HMRC Guidance: Ships, trains, aircraft and associated services (VAT Notice 744C)
- HMRC Guidance: Tax warehousing (VAT Notice 702/10)
- HMRC Guidance: The eCommerce Directive and the UK
- HMRC Guidance: The Margin Scheme on second-hand cars and other vehicles (VAT Notice 718/1)
- HMRC Guidance: Tour Operators Margin Scheme (VAT Notice 709/5)
- HMRC Guidance: VAT rates on different goods and services
- HMRC Guidance: VAT Refund Scheme for museums and galleries (VAT Notice 998)
- HMRC Guidance: VAT Returns and EC Sales Lists Online: EC Sales List (ECSL)
- HMRC Guidance: VAT rules for supplies of digital services to consumers
- HMRC launch consultation on VAT and value shifting
- Isle of Man and UK Provide VAT Zero-Rate for Women’s Sanitary Products
- Open consultation: VAT and value shifting
- Pan-EU food supply chains hit by Brexit trade deal
- Pay no Customs Duty and VAT on scientific instruments
- Policy paper – The Border Operating Model (Update Jan 5, 2021)
- Q&A: VAT changes to B2C professional services
- Replacement of C79 certificate for import VAT
- Statutory guidance Reference Documents for The Customs Tariff (Preferential Trade Arrangements and Tariff Quotas) (Amendment) (EU…
- The Consol Glass Case – Any light shed on capital raising and VAT?
- The UK’s new VAT system on imports has not the slightest chance of working – and keeps honest traders out of the country
- UK – Brexit – Intrastat requirements
- UK Publishes Regulations Limiting DAC6 Reporting Obligations
- UK VAT changes for foreign mail-order sellers create ‘chaos’
- Updated: VAT Refund Scheme for charities (VAT Notice 1001)
- VAT and Brexit – How do the changes affect goods?
- VAT and Brexit – How do the changes affect services?
- VAT and Customs actions for Republic of Ireland
- VAT and overseas goods sold directly to customers in the UK
- VAT and overseas goods sold to customers in the UK using online marketplaces
- VAT MOSS exchange rates for 2020
- VAT on Women’s sanitary products abolished
- Zero rate tools that manufacture goods for export (VAT Notice 701/22)
MIDDLE EAST
AFRICA
- Carrefour sues taxman in Sh523m VAT refund row
- Changes per Jan 1, 2021: Implementation Digital Services Tax + VAT rate back at 16%
AMERICAS
- Decree on the promotional regime for the knowledge-based economy – exemption from customs duties
- Special regime for the electronic issuance and storage of original receipts. Implementation of the “QR” code
- Bolivia Introduces VAT Refund for Low Income Individuals
- Budget 2021: Limitation VAT credit for gasoline purchases
- Frequently Asked Questions On Sales And Use Taxes Economic Nexus And Wayfair
- Frequently Asked Questions: Sales And Use Taxes Economic Nexus And Wayfair (Part 2)
- Illinois issues sales tax rules for remote sellers and marketplace facilitators
- Important Changes to Arizona Sales Tax in 2021
- Is There a Wisconsin Sales Tax Nexus?
- Michigan Clarifies Sales and Use Tax Treatment of Water
- US increases tariffs on EU products over aircraft subsidies dispute
- USTR announces modifications to tariffs on EU goods under Section 301 including punitive tariffs on new items of French and German origin
- Various US states tightening obligations for remote e-commerce sellers
- Wyoming Sales Tax Nexus Updates
ASIA-PACIFIC
- China Exempts Imports of Transport Vehicles and Yachts from Indirect Taxes in Hainan Free Trade Haven
- China to lower import tariffs on 883 products including medical and hi-tech equipment
- 3 reasons why GST collections hit record high of Rs 1.15 lakh crore
- 60.3 million GST e-invoices were generated in December 2020
- A2ZTaxCorp’s Weekly GST Communique dated January 04, 2021
- Advisory on auto-population of e-invoice details into GSTR-1
- Analysis of critical Changes in GST w.e.f. 1st January 2021
- CBIC eases norms for Import and export of vaccines in relation to COVID-19 through Courier
- CBIC extends deadline for filing GST Annual Returns to Feb 28, 2021
- CBIC facts about 1% payment of tax liability in cash as per Rule 86B.
- Changes in GST with effect from 1st January 2021
- Commission Agent – Principal Relation: Treatment of Transactions under GST
- Compliance Calendar for the month of January, 2021
- Critical Changes in GST Compliances from 1st January 2021
- Delhi Govt. notifies Rate of interest for Late Form GSTR-3B Filing
- Delhi govt. relaxes Restriction on E-way Bill Issuance till 21st November 2019
- Due Date Compliance Calendar January 2021
- Fake GST invoice racket worth Rs 510 cr busted in Cuttack, kingpin held
- Goods and Service Tax Network (GSTN) clarified January 13, 2021, as the Due date for filing GSTR-1 for the third quarter of 2020
- GST Case law Update – December 2020
- GST Compliance Calendar For The Month of January 2021
- GST officials detect over Rs 830 cr tax evasion by Delhi pan-masala unit
- GST refund cannot be rejected without giving opportunity of being heard
- GST Revenue collection for December 2020 recorded all-time high since the implementation of GST
- GSTN clarifies January 13, 2021 as Due date for filing GSTR-1 for third quarter of 2020
- GSTN issued advisory on auto-population of e-invoice details into GSTR-1/2A/2B/4A/6A
- GSTN: Invoice Furnishing Facility (IFF) functionality now available on GST Portal
- GSTR 9 & 9C – GST Audit of 2019-20
- GSTR-3B not filed – GSTR 1 Cannot be filed
- Import of Services received from Supplier having Fixed Establishment in India is taxable under GST
- Important Changes in GST w.e.f. January 1, 2021
- India Provides Further Extension for Tax Returns, Audit reports, and GST Annual Returns
- Invoice Furnishing Facility (IFF) functionality now available on GST Portal
- KCCI urges Govt for extension of VAT Amnesty Scheme
- Quarterly GST Return Monthly GST Payment Scheme
- Remission of Duties and Taxes on Exported Products (RoDTEP) & Advance Authorization
- Remission of Duties and Taxes on Exported Products (RoDTEP) extended to all export of goods as of January 1, 2021
- Services for organizing an event under GST
- Six important changes in GST Rules w.e.f. 01.01.2021
- Summary of Important GST Changes Applicable From 01.01.2021
- Tax Compliance Calendar for January 2021
- Traders’ body demands 5% additional tax on e-commerce companies
- Types of GST Returns
- VAT due on the volume discount received by way of credit note without the adjustment of tax already paid?
