Another week of VAT has gone by. This week quite some news on COVID-19 measures which have been extended in various countries. Unfortunately, this virus is not gone yet, and besides all the health and social issues, it also brings a lot of financial problems for many businesses. And opportunities of course.
The way of working has drastically changed for many people. Online meetings have become the standard, no more commuting results in more productivity, and online shopping and ordering has been booming as well. Which brings specific VAT questions as well. Can businesses deduct input VAT on the costs and expenses of employees working from home? Can you claim back the VAT charged to customers that went bankrupt? Can you postpone payments to the tax authorities?
Of course we all want the virus to go away and we want to be able seeing and meeting each other again ‘for real’. We had our regular update call with our contributors last week, where we discussed various possibilities and goals that we will be working on in the next months. It would be great to discuss these things while being together in the same room.
Nevertheless, behind the scenes, the VATupdate Team is working on new initiatives and ideas for ‘after the Pandemic’. If you want to be involved, or if you have any suggestions, please let us know by sending us an email at [email protected]. And if you have any VAT technical questions, you can also ask them of course.
Back to the news: This week the VAT world has been focusing on the start of the new E-commerce rules in the EU. But also e-invoicing regulations around the world got a lot of attention. Scandinavia, France, Italy, Portugal and Greece are some of the countries in Europe, but also in India, Egypt, and Saudi Arabia this is still a hot topic.
Let us know if you miss something or if you have any comments. You can reach us by email or via our LinkedIn page. But most importantly: stay up to date by checking our website every day! Stay healthy and safe and have a great week!
(Please don’t forget to visit our sponsors – they make it possible for us to maintain the website).
WORLD
- Digital Economy Taxation workshops on June 15, 2021 ”Transformation of Tax Systems with Blockchain”
- MRDP: The OECD’s global tax reporting framework for digital platforms
- Customs Glossary: Customs value
- Webinar Less Grey – E-Commerce iOSS Part 6: first experiences after 1 July 2021
- Webinar Less Grey – E-Commerce iOSS Part 5: FAQ and countdown to 1 July 2021
- Sovos webinar: How to comply with France’s new invoicing mandate? (July 8)
EUROPE
- Vertex Introduces Taxamo Assure Solution for Online Sales Under New EU VAT E-Commerce Rules
- Registration for VAT purposes in case of distance selling of goods
- Communication on Business Taxation for the 21st Century
- EU proposes World Customs Organization modernisation in support of a strengthened multilateral order
- Public consultation on ”VAT rules for financial and insurance services”
- Use and enjoyment – a double charge to tax?
- Do hidden sales include VAT when discovered by the tax authorities? (on case C-521/19)
- OECD aligns more closely with the EU on reporting obligations for digital platform operators
- VAT rates in the EU: updated guidance and improvements to TEDB database for eCommerce
- Results of the public consultation on VAT rules for financial and insurance services
- Is There Such a Thing as a VAT-Free Lunch?
- European Commission adopts the main work programme of Horizon Europe for 2021-2022
- Restrictions for partnerships to be controlled companies in VAT groups are inadmissible under EU VAT law
- Further VAT changes on the horizon for online retailers
- Flashback on ECJ Cases C-439/04 (Axel Kittel) & C-440/04 (Recolta Recycling SPRL) – Right to deduct VAT may be refused if participating in VAT fraud.
- ECJ C-293/21 Vittamed technologijos (Questions): Deduction of input VAT when it has been decided to liquidate a company
- New ECJ VAT cases
- Even in the case of payment in instalments, according to AG ECJ, the moment of service is important for VAT levy
- Services supplied by agent for performing artists, transactions subject to VAT (CJEU judgment)
- ECJ C-324/20 (Finanzamt B) – AG Opinion – Tax point for one-off services that are billed in phases
- VAT Exemption Thresholds in Europe
- Tax office deadlines for submission of Foreign VAT Refund claims
- VAT Exemption Thresholds in Europe
- Belgium Notes Extension of 6% Reduced VAT Rate for Masks and Hydroalcoholic gels
- Update on VAT law amendments
- Ruling: Transfer – building plot – VAT exemption
- Ruling: Transfer – land area – VAT exemption
- e-Invoicing in Scandinavia
- Planning for Continuous Transaction Controls in France from 2023
- French VAT numbers: SIREN or SIRET?
- Greece One Stop Shop for New EU VAT Rules
- Amendment of VAT exemption limit for goods and services to international and European organizations
- New deadlines and the last minute postponements!
- Government urged to extend 9% VAT rate further than currently planned
- VAT Treatment of Intra-Community Distance Sales of Goods – Revenue eBrief No. 132/21
- Customs Manual on Import VAT – Revenue eBrief No. 130/21 of 1 July 2021
- Services provided in ports, trucking terminals, airports and border railway stations
- COVID-19 VAT bad debt relief
- Vouchers and COVID-19 pandemic
- Transfer of air rights
- Deadline VAT payment extended from June 30, 2021 to July 20, 2021 for certain taxpayers
- Deadline for adhering to online service for electronic invoices postponed till September 30, 2021
- Agenzia Entrate’s guide on electronic invoices and the esterometer
- Real-time invoice reporting obligation for retailers – e-invoice in Italy
- E-commerce package and customs
- Increased limit for mandatory VAT registration (on the basis of turnover)
- Did you know there are free packages for certain group of VAT payers in Montenegro?
- Extension of VAT exemption for supplies of masks and medical equipment
- Father and son suspected of large-scale VAT carousel fraud
- Clarity about VAT position of supervisory directors, supervisors and committee members
- VAT on unpaid invoices of a bankrupt company rightly levied
- Tax authorities carry out searches in Boxmeer due to VAT fraud
- e-Invoicing in Scandinavia
- Norway Extends Reduced VAT Rate for COVID-19
- Norway 2022 Digital VAT Return: What Businesses Need to Know
- Digital VAT return to be introduced in Norway in 2022
- Changes regarding VAT in e-commerce – watch the webinar
- Explanations of the Ministry of Finance on SAFT files for July – December 2021
- New Polish SAF-T changes
- VAT option on financial services to be effective 1 January 2022
- Changes in SAFT files published
- Poland introduces VAT option on financial services to be effective 1 January 2022
- Adoption And Transposition Of The E-Commerce VAT Reform Package
- New rules for filling in JPK_VAT with the declaration (JPK_V7M, JPK_V7K)
- Changes in JPK_VAT with the declaration from July 1, 2021
- E-Commerce VAT Reform 2021 : Approval And Transposition Of The E-Commerce VAT Package
- Implementation of EU VAT E-Commerce Directive published
- SAF-T reporting for large taxpayers from January 2022
- e-Invoicing in Scandinavia
- Position taken: VAT consequences for those who have a photovoltaic system on their property
- Clarification: A VAT grouping in countries outside the EU should not be registered for the special schemes
- How to correct errors in columns 6 or 7 of the MO on receiving services from a non-resident in the customs territory of Ukraine?
- How to tax voucher transactions?
- Transit of passengers and cargo through the territory of Ukraine: under what conditions are such transactions exempt from VAT?
- Customs regime of re-import of goods: which transactions are not exempt from VAT?
- The court fee is reimbursed by a court decision: is such an amount subject to VAT from its recipient?
- Error in Annex 6 to the VAT return: how to fix it?
- Sale of a trademark: under what conditions is the received reward not subject to VAT?
- Jailed VAT fraudster who used multiple false identities ordered to pay back almost £3.5m in ill-gotten gains
- Recovery of VAT for the period 1 of July 2019 to 30 of June 2020
- UK Distance Selling Rules in Summary
- Eight steps to successful supplementary declarations
- HMRC Collection: Customs, VAT and Excise UK transition legislation from 1 January 2021
- HMRC Guidance: Register to report and pay VAT on distance sales of goods from Northern Ireland to the EU
- The complicated rules of VAT liability for electric vehicle charging
- UK – recovery of VAT for the period 1 of July 2019 to 30 of June 2020
- UK – Deferred import declarations
- HMRC Guidance: Value Added Tax EU Exit Transitional Provisions
- HMRC Guidance: Making a delayed supplementary import declaration using the Customs Declaration Service
- Value Added Tax EU Exit Transitional Provisions
- HMRC Policy paper – Revenue and Customs Brief 10 (2021): repayment of VAT to overseas businesses not established in the EU and not VAT registered in the…
- HMRC Guidance: One Stop Shop Union scheme: service availability and issues
MIDDLE EAST
- Three steps outlined for taxpayers to take in first phase of E-invoicing
- ZATCA issues updated VAT guidelines for the real estate sector
- Saudi Arabia amends import rules from Gulf in challenge to UAE
- Circular on the Reverse Charge Mechanism Application
- Updated VAT Guide for Real Estate Sector
AFRICA
AMERICAS
- Brazil’s Supreme Court concludes discussion on the inclusion of ICMS in the PIS/COFINS taxable basis
- Fasken Sales Tax Registration Diagnostic Tool
- Canada’s New Sales Tax Rules for Non-Residents Apply 1 July 2021
- Guidance: GST/HST rebate for employees and partners
- Guidance: When to register for and start charging the GST/HST
- Canada to charge sales tax on digital goods and services
- Proposed regulations on non-preferential origin determinations, imports from Canada or Mexico; OIRA review completed
- New online compliance system for VAT withholding to be introduced as from July 2021
- Initiative regarding VAT and digital economy launched by CIAT and Guatemala’s SAT
- Proposed regulations on non-preferential origin determinations, imports from Canada or Mexico; OIRA review completed
- US Missouri to tax foreign sales and marketplaces from January 1, 2023
- Nebraska: Sales and Use Tax Rates
- California: Sales and Use Tax Rates
- Second quarter 2021 state and local tax developments
- North Carolina County Court Says Tax Imposition on Sales Transactions at Issue is Unconstitutional
- Missouri enacts Wayfair legislation
- Maryland: $25 Million initiative (sales tax rebates) to revitalize downtowns and main streets
- Sales and Use Tax Rate Increases on July 1, 2021, in Four Virginia Localities
- Practical Tips For Improving Your Sales Tax Defense
- Florida Sales Tax holiday on propane, water bottles, sunscreen, other outdoor items
- 3 Top Sales & Use Tax Skills Your Tax & Finance Team Needs
- Wayfair Three Years Later- What Has Changed?
- Venezuela Provides VAT and Customs Duties Exemption for Equipment and Goods for COVID-19 and for Certain Industries
- Value Added Tax, Custom Duties and Customs Service Tariff for Determination of the Customs Regime for several goods and economic sectors
ASIA-PACIFIC
- GST tips this tax time
- Review of GST and low-value imported goods
- Board of Taxation commences low-value imported goods GST review
- Board of Taxation to review application of GST on low value imported goods
- Bangladeshi poor bear over 12pc burden of VAT: Study
- BRAC Bank joins Bangladesh govt VAT online project
- China Standardizes Rules for VAT Exemption/Refund on Purchase of Domestically Produced R&D Equipment
- Reduction from 13% to 11% for the sale of goods and full refund of unutilized input VAT credits in all sectors are expected
- China’s E-Fapiao System at a Glance
- Fiji Council of Social Services calls for removal of VAT from basic food items
- FCOSS wants VAT on basic food removed
- Airbus India’s technical advisory and procurement services liable to 18 percent GST
- GST @ 4 Years – Mix Bag of Pains and Gains
- Dealing with Blocking of ITC due to GSTR 2A & 3B Mismatch
- Important changes w.r.t. QRMP Scheme implemented on the GST Portal
- Taxability of Annuity in Road and Bridge Construction
- 2% TDS to be Deducted on Payment for use of lounge facilities by passengers: ITAT grants relief to Qantas Airways
- Whether GST leviable on services provided by Liaison Office as an ‘intermediary’
- Tax department exploring ways to impose GST on overseas cryptocurrency exchanges
- Types of taxes under GST: CGST, SGST, IGST
- All about Dynamic QR code on GST B2C Invoice
- Due Date Compliance Calendar July 2021
- Recent Updates In GST till 05th July 2021
- Amendment in Time Limit for Making Application for Revocation of Cancellation of Registration in GST
- GST Amnesty (?) Scheme for providing relief in late fees for pending GSTR 3B
- Recovery Order of ITC due to mis-match in Form GSTR-3B and GSTR-2A stayed
- GST Compliance Calendar – Returns to be filed in the month of July 2021
- A2ZTaxCorp’s Weekly GST Communique dated July 05, 2021
- Gujarat GST body wants tax on 300 International Service Entities
- Ship Repair industry gets a much deserved GST bonanza
- Gaps in the statute – Giving ITC where it’s due
- Impact of GST Brand Name in Food Processing Industry
- Fragmentation of supply – no duty on electricity but the controversy awaits
- GST on Individual Advocates including Senior Advocates & Firm of Advocates
- Understanding India’s Indirect Tax regime, GST for beginners
- Understanding India’s Oblique Tax regime, GST for learners
- 50,000 taxpayers in Kerala to benefit from GST amnesty scheme
- Services by way of facilitating sales of goods for various overseas suppliers is not export of services being intermediary services: AAR WB
- Relief to Vimal Petrothin: Uttarakhand HC directs GST Authorities to Unblock ITC in its Electronic Credit Ledger [Read Order]
- A Deloitte Partner explains how GST impacted manufacturers, service providers differently
- GST: A Journey to Make India a Single Tax Economy
- Overseas crypto exchanges may face 18% additional GST in India
- Companies told to pay GST on license fee for government schemes
- GST Compliance Calendar for the month of July 2021
- GST deductions for businesses disrupted by the COVID-19 pandemic
- How do the compulsory zero-rating of land rules apply to transactions involving commercial leases?
- The Philippines Imposes New 12% VAT Rate on Exporters
- BIR starts collecting VAT on local purchases of export companies
- Guidance: Group Registration
- Factors to consider before registering voluntarily for GST
- Transmitting GST Return and Listings directly to IRAS using Accounting/Tax Software
