It’s 1 July, a big day for many people. Because today is International Reggae Day! And who doesn’t like Reggae? With its origins in Jamaican, Reggae music is known around the world over the last 65 years for its diverse rhythmic originality in its folk and popular music genres including Mento, Ska, Rock Steady, Reggae, Dub and Dancehall.
65 years, that’s almost as long as the European VAT rules. Because even though the first EU VAT Directive is from 11 April 1967, some European countries had a VAT system long before that. France was the first country in the world to introduce a VAT in 1954. And the concept of a VAT was already proposed earlier, in 1918 in Germany.
Both countries no longer participate in the European Championship.
We have quite a lot of news for you this week. We highlight the following:
- It’s already 4 years since India introduced its VAT system. We post a lot of news on India, mainly because there are a lot of administrative and technical amendments, clarifications, and court cases to report. The week we had some posts looking at 4 years of VAT in India. Worth a read.
- In the Netherlands, the supply of horse sperm is subject to the reduced rate. We didn’t have anything more special to say about our country, now that Team Orange no longer plays for the European Championship. (ha, but we still have Mathieu van der Poel and Max Verstappen!)
- France will simplify its import VAT postponement scheme. As of 1 January 2022, businesses no longer have to pay VAT at the moment of import, but instead they can report the VAT due in their French VAT Return. The conditions for applying this scheme will be simplified.
Did we mention that today is also the start of the new EU VAT e-commerce rules? No? Good.
Have fun!
- Job opportunities in Hungary, Ireland, Luxembourg, Poland and Switzerland
- Job opportunities in Belgium, Canada, France, Hungary, Poland and United Kingdom
- Here are the major changes in the VAT/GST world per July 1, 2021
- Cryptocurrency in the world of VAT, GST and sales tax
- Vertex Expands Partnership and Releases Integration for Mirakl Marketplace Platform with Full VAT Support
- Amazon VAT Calculation Service: difference to hellotax
- Sovos Acquires Stupendo, Ecuador’s Leader in E-Invoicing Solutions
- VAT Grouping has been implemented in these countries ….
- VAT Rates … this was in the news in the week of June 21
- How SAP S/4HANA Finance can Simplify Tax for Your Organization
- Can Sales Tax Change Management Benefit the IT Department?
- How COVID-19 has accelerated the digitization of VAT – Taming the VAT Beast with Technology
- The Link Between Transfer Pricing and Customs Valuation
WEBINARS
- Sovos Webinar – Better Together: Supporting you with VAT compliance (July 1, 2021)
- Webinar Less Grey: Latest developments and details on iOSS process and current state of tax authorities
- Sovos webinar: How to comply with France’s new invoicing mandate? (July 8)
- June 28 free webinar by Ministry of Finance on VAT e-commerce in practice of Polish companies
- HMRC Guidance: Help and support for VAT – Watch videos, sign up for email alerts and register for free webinars to learn more about VAT.
- ECJ C-1/20 (Finanzamt Wien) – Removed – Exemption for lawyer as a court-appointed guardian?
- Flashback on ECJ Cases C-37/95 (Ghent Coal Terminal) – Right to deduct VAT in case good are not used beyond the control of the taxpayer
- European Commission Launches Survey on Facilitating Cross-Border Resolution of Tax Disputes Faced by Businesses in the EU
- AmCham EU – recommendations to the Slovenian Presidency
- A tax dispute concerning VAT fixed establishments brought before the Court of Justice of the European Union (CJEU), after obtaining its referral to…
- Week of June 21, 2021 – What did we learn from the ECJ (VAT)?
- Impact of CJEU decision on VAT treatment of private use of company car in cross-border cases
- True Colour Of ‘Take Away Transactions’ – ECJ Ruling and Indian Perspective
- Another case on Fixed Establishment to the ECJ connected with the provision of toll manufacturing services?
- Flashback on ECJ Cases – C-396/16 (T – 2) – Bad debts, VAT deduction upon homologation preventive agreement
- ECJ C-521/19 (Tribunal Económico Administrativo Regional de Galicia) – Decision – Taxable amount, even in case of fraud, assumes a price with VAT
- Invoicing obligations for online marketplaces as deemed suppliers
- Can tax related and IT services benefit from the VAT exemption for the management of special investment funds?
- Incoterms – VAT Implications for Cross-Border Trade
- Commission Implementing Decision: application as regards the establishment of the list of third countries with which the Union has concluded an…
- The right to use software can qualify as VAT-exempt asset management (CJEU judgment)
- New developments announced regarding VAT exemption for fund management services
- Launch of the European Public Prosecutor’s Office
- Updated “dual-use” regulation and export control framework
- VAT groups and cross border supplies
- DG TAXUD proposes amendments to the provisions on the non-preferential origin of goods
- EU Commission publishes incorrect VAT rates
- Taxation trends in the European Union (2021 edition)
- OECD publishes international exchange framework and optional module for Model Reporting Rules for sellers in the sharing economy
- Ecofin meeting on June 18, 2021 on VAT rates & VAT exemption for imports
- European Commission Issues Release on Entry into Force of New VAT E-Commerce Rules
- EU E-Commerce VAT Reboot—and Its Impact on Global Sellers
- European Commission Issues Release on Entry into Force of New VAT E-Commerce Rules
- 1 day left before implementation of EU VAT E-Commerce Directive, these newsitems will help you last minute to comply ….
- New One Stop Shop: What it means for non-EU businesses supplying services to the EU
- New e-commerce rules in the EU will simplify life for traders and introduce more transparency for consumers
- The most important VAT-changes concerning e-commerce: a summary
- EU VAT E-Commerce Directive: Options for shipments to the EU exceeding 50 Eur
- New e-commerce rules in the EU will simplify life for traders and introduce more transparency for consumers
- EU VAT and E-Commerce Sales: 10 Common Misconceptions Clarified
- One-Stop Shop up and coming … changes to be aware of
- Marketplaces and the new roles they are about to assume
- E-Commerce VAT: The Intrinsic Value of a Consignment
- 2021 EU Ecommerce VAT changes – Your questions answered
- OSS – Are you ready?
- How the EU’s new E-Commerce VAT rules affect UK suppliers
- Reduced 6% VAT rate for masks and hydroalcoholic gels and reduced interest rate for outstanding VAT debts extended until 30 September…
- Special positioning rule for seminars and cultural events extended
- VAT Return ACR Reports Now Enabled For FICA
- Update – Belgium Issues Release on Royal Decree for Implementation of EU VAT E-Commerce Rules
- Implementing decree transposing E-Commerce Directive
- Extension of the VAT Waiver on Respirator Supplies till August 31, 2021
- Czech Republic Issues Release on New EU VAT Rules on E-Commerce
- VAT changes related to e-commerce
- Supreme Administrative Court: For VAT fraud purposes, outstanding tax must be assessed at the time of the decision
- Reciprocity fulfilled for VAT refunds between the Czech Republic and the UK, Amendment E-Commerce rules, …
- E-Commerce VAT Reform Package Not Yet Adopted
- Information on the amendment to the VAT Act in the field of e-commerce with planned effect from 1 July 2021
- Change of practice – VAT – provision of transport services – control signal (C-288/16)
- List of recognized airlines 2021
- Disbursements: conditions for exemption from VAT
- French Supreme Administrative Court Refers Challenge to DAC6 to the Court of Justice of the European Union
- Simplified import VAT Deferral as of Jan 1, 2022
- France’s non-EU VAT refund claims must be filed electronically effective 1 July 2021
- VAT exempt management of special investment funds: ECJ specifies requirements for “management services”
- Federal Fiscal Court: letting of car parking spaces to residential tenants is a VAT exempt supply of ancillary services
- Greece’s myDATA mandate postponed to September 2021
- Public Consultation on the implementation of the EU VAT E-Commerce Directive (till July 1, 2021)
- Start of the mandatory transmission of tax documents’ data to myDATA platform postponed till Oct 1, 2021
- OSS & IOSS Registration process in Greece explained by AADE
- VAT deduction in cases of inputs in the context of construction of projects and infrastructure of public interest based on a public contract ratified by law
- Greece Permanently Extending VAT Reduction for Five Islands
- Registration under the One Stop Shop/Import One Stop Shop
- VAT eCommerce Rules – 1 July 2021 – Revenue eBrief No. 126/21
- Shared Payment Services To Be VAT Exempt Without Credit
- VAT e-commerce Package
- Supply of continuous services: tax point
- Direct VAT refund available to nonresident EU taxpayers VAT-registered in Italy
- Declaration of use yacht
- Italy Changes Foreign Invoice Declaration System
- Usual exporter and deduction
- Whose VAT is it anyway? An existential question for the gig economy
- Lithuanian Parliament Approves Law Extending 9% Reduced VAT Rate to Catering, Culture, and Sports Sectors
- Lithuanian Parliament Approves Law Extending 9% Reduced VAT Rate to Catering, Culture, and Sports Sectors
- Sperm from sport horses taxed at 9% VAT
- No reduced VAT rate for an intermission drink with a theater performance
- European Imports: Why importers love the Netherlands
- Amendment of the 1968 Turnover Tax Implementation Decree (Implementation EU VAT Directive)
- Search in Eindhoven due to multi-million dollar fraud with VAT
- Easing of VAT obligations for solar panel owners on the way
- Implementation emergency track implementation guidelines VAT e-commerce on schedule
- Supreme Court refers case on adjustment of initial VAT deduction to CJEU
- Acting general practitioners foundation not exempt from VAT
- Observation services for general practitioners not in their own name and for their own account, only mediate in practice observation
- No VAT deduction in the Netherlands after intra-Community acquisition in the Czech Republic
- Some transactions are not subject to VAT
- President Andrzej Duda signed the VAT E-commerce package
- Impact of the new VAT e-commerce rules on businesses
- E-commerce package: simplifications also for taxpayers providing B2C services
- A draft Decree on amending the extended SAF_T file (JPK_VAT)
- Reverse Charge in VAT: a Landmark Ruling of CJEU
- New deadlines in B2G e-invoicing mandate
- Circular Letters on Distance sales, New rules regarding e-commerce through electronic interfaces, The new OSS regime
- The issue of VAT regularization in favour of the taxable person, a change in sight?
- Key Information About SAFT-PT Portugal Declarations
- Complex VAT rules to make e-commerce simpler: A Spanish perspective
- Information published by the Spanish administration on the new EU VAT E-Commerce Directive (July 1, 2021)
- Complex VAT rules to make e-commerce simpler: A Spanish perspective
- Royal Decree 424/2021 on the Transposition of VAT E-Commerce Package
- Reduction of the VAT rate to 10% on electricity supplies as of June 26, 2021
- Spain Determined to Cash in on Digital Services Tax
- Ukraine Proposes VAT on Supply of New Real Estate
- Change in Ukrainian regulations on compulsory registration of residents declaring goods
- (Income tax and) VAT implications of intra-group services
- VAT implications of intra-group services
- HMRC Guidance: VAT deferred due to coronavirus (COVID-19)
- VAT (Miscellaneous Amendments and Repeals) (EU Exit) Regulations 2021 and VAT (Amendment) (EU Exit) Regulations 2021
- Tell HMRC about an option to tax land and buildings
- HMRC Guidance: Trading and moving goods in and out of Northern Ireland
- HMRC Guidance: Personal Export Scheme (VAT Notice 707)
- HMRC Guidance: Check how to report and pay VAT on distance sales of goods from Northern Ireland to the EU
- HMRC Guidance: Tell HMRC you’re registered for the VAT Import One Stop Shop in the EU
- HMRC Guidance: Agricultural Flat Rate Scheme (VAT Notice 700/46)
- VAT recovery and subsidy income
- VAT Apportionment and Outside Scope Income
- HMRC Guidance: Making a delayed supplementary import declaration using CHIEF
- Black Cabs Services Ltd – FTT – insurance – whether a separate exempt supply – yes
- Poundland wins £2.15m HMRC VAT case
- FTT – Colin Newell – receipt of o/s payments under the Renewable Heat Incentive scheme for Northern Ireland – whether input tax should be…
- The Royal Opera House Covent Garden Foundation – CoA – whether there is a direct and immediate link between productions costs and taxable…
- Key Facts about Egypt’s Electronic Invoicing System – As of July 2021, all public sector companies, economic authorities and state services…
- Importers must apply Advance Cargo Information system as from 1 July 2021
- Transfer pricing adjustments and implications for VAT purposes
- Customs valuation and transfer pricing adjustments receiving focus from authorities
- Canada Passes Bill Expanding Sales Tax to Digital Firms
- Canada Provides Guidance on Pending Rules for Non-Resident Digital Economy Businesses
- GST/HST for digital economy businesses: Overview
- Canada Updates Goods and Services Tax/Harmonized Sales Tax Guidance for Digital Economy Businesses
- Guidance on the issuance of authorized sequence invoices for new taxpayers
- COVID-19: VAT exemption for respiratory devices
- Missouri to require online stores to collect taxes
- How Long Should A Business Retain Sales Tax Records?
- Michigan Governor Vetoes Protective Equipment Sales and Use Tax Exemption Bills
- Do You Need to Get a Sales Tax Permit in Florida?
- Tangible personal property includes digital goods (Colorado); sales tax of restaurants (Connecticut); sales tax holiday (Florida)
- State-by-State Guide to Sales Tax Nexus Laws
- Florida Contractor Assisted Self-Audit Program (CASA)
- OECD amends model digital platform reporting rules to offer option for extended scope
- Washington DOR Explains Destination-Based Sourcing Rules and their Application
- Colorado: New Law Defines “Digital Goods” and Codifies their Treatment as Taxable TPP
- Income Tax Nexus Limitations in a Post-Wayfair World
- Maine’s Economic Nexus Transaction Count Threshold To Be Removed January 1st, 2022
- South Carolina Clarifies Assignability of Sales and Use Tax Refund Claims
- California Sales And Use Tax Audit Tips
- Connecticut: Sales Tax on newly legalized cannabis sales
- True Colour Of ‘Take Away Transactions’ – ECJ Ruling and Indian Perspective
- Refund on Services falling under approved list of Input Services [Read Order]
- GST Day: 4 years since rollout of GST, Tax Base almost doubled says Nirmala Sitharaman
- Buyer to deduct TDS on Purchase of Goods from Resident Seller: CBDT issues Guidelines [Read Circular]
- Applicability of QR Code provisions for B2C supply extended to October 01, 2021
- CBIC to honour taxpayers’ contribution to GST success
- GST is more than just a tax reform
- CBIC waives Penalty for Non-Compliance to GST Invoice QR Code provisions
- 4 Years of GST: Reasons Why Petroleum Products are still controlled by State
- Analysis of ‘Interest’ Under GST Law
- An industry group that addresses government and GST issues. GST marking 4 years on July 1st
- GST on export of Intermediary services – An Unresolved Saga
- GST On Export Of Services
- GSTN enables Functionality to Register Complaint on Misuse of PAN in GST Registration: Know the Steps
- Works contract under GST regime
- TDS not applicable on Computer Software affixed onto Hardware, sold as an Integrated Unit: ITAT
- A2ZTaxCorp’s Weekly GST Communique dated June 28, 2021
- PE industry players rue GST on fund management fees
- Bhubaneswar Scrap Dealer Arrested For Rs 10 Cr GST Fraud
- GST leviable on interest paid on late payment of invoices
- Gujarat AAR – GST applicability on Interest charges paid for delayed payment to foreign party
- Importer cannot be penalized for System Related Defects: CESTAT deletes Late Fee of Rs. 4.45 Lakhs for delay in filing of Bills of Entry
- GST TRAN-1 Issues: 4 Years and Counting…!!
- India Provides Compliance Check Functionality for Tax Deducted and Collected at Source for Non-Filers
- Export of Services and Implications under GST/ FEMA
- NAA directs GST Officers to collect evidence against suppliers denying GST Rate Cut benefits to Recipient on COVID-19 essentials
- GST Exemption for Hospitals and Medical Services: Madras HC asks Medical College to approach Govt
- Kerala High Court asks GST Council to decide on bringing Petrol, Diesel under GST
- Sri Mulyani defends tax bill
- General VAT raised to 12%, from 10%, while certain items carry 5% to 25% rates depending on the price
- PHL removal from list of nations with ‘harmful tax’ policy cheered
- PEZA seeking VAT deferment on local purchases of locators
- Philexport raises concerns on VAT on indirect exports
- IRAS e-Tax Guide GST: Travel Industry (Seventh Edition)
- Responsibilities of a GST-Registered Business
- Technological equipment that are not manufactured in Uzbekistan will be exempted from VAT and customs duty
- Uzbekistan Exempts Certain Technological Equipment From VAT and Customs Duties
- Saudi Arabia Publishes Circular on VAT Reverse Charge Mechanism
- Saudi Arabia Publishes Circular on VAT Reverse Charge Mechanism
- Taxtips – Value of property and partial exemption calculations
- VAT guideline for Insurance and Reinsurance Activities
- GAZT issues Circular on the application of the Reverse Charge Mechanism
- Tax and Customs Authority Details VAT Reverse Charge Mechanism Application
