VATupdate

VATupdate Newsletter Week 36 2021

It’s VAT-time of the week again.

What do consignment stock arrangements, share transactions, and the voucher regulations have in common? These are all topics that are investigated and explained in university papers, written by students. In some cases, the conclusions that are drawn, or the points of view that are highlighted can be very interesting. And sometimes they can even be the basis for further research and publications.

One of VATupdate’s goals is to create more awareness of VAT worldwide, and we are doing that by publishing everything relating to VAT. And that can include papers, essays or articles written by any person, anywhere in the world. We are always interested in your views on a VAT topic, and not only if you’re an advisor, a government official or a professor, but also if you have written a paper or essay. Who knows, by sharing your views you may have other people starting to think differently about a topic or initiate a discussion where you can learn the other person’s point of view (and maybe change your own opinion).

All VATupdate articles are also posted in LinkedIn, so if you want to discuss a specific item, you can do that there. Or send us an email, and we can response with our views and opinions.

In this week’s newsletter we bring you some interesting items on how taxpayers, advisors, governments and courts also can have different opinions, but in some cases want (or need) to work together to get the outcome they want. Or where there’s unclarity on the approach or point of view to be taken from the same side.

For example, in Nigeria, the Federal and the State government are arguing about whether or not VAT should be levied in a specific situation, and taxpayers don’t know what they should do. Or in New Zealand, where the Treasurer is arguing with the Premier about collecting GST.

Countries try to avoid these disputes, for example by installing a specific organisation that gives binding VAT rulings (for example India is considering this). Nice idea, but in practice these rulings are also not always really binding and fought over before the court.

Let’s just say that VAT is and will remain interesting. And exchanging ideas and opinions is always good.

Have a great week!


WORLD

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WORLD


AFRICA

EGYPT

MALAWI

NIGERIA

TANZANIA


AMERICAS

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CANADA

COLOMBIA

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PERU

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INDONESIA

KAZAKHSTAN

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TAIWAN

THAILAND


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EUROPEAN COURT OF JUSTICE

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