Here is your weekly newsletter with the latest VAT news.
Black Friday, Rainbow Day, Blue Monday… Just a couple of days for special occasions or reminders. Why is there no International VAT Day?
Well, actually there is: not really an ‘international’ day, but Bangladesh has a National VAT Day, and even a National VAT Week. Usually this is in the week of or around 10 December. If you haven’t booked a holiday yet, you now know where to go at the end of this year.
If you have time, that is. Because there’s lots of VAT news again. We have plenty of new and updated posts of VAT rates around the world, new reporting requirements to be implemented on 1 January 2022 in various countries, and several countries that announced their budget for 2021, including VAT/GST measures that can be expected.
Some highlights from this week:
- Amendments to the date of supply rules in the VAT Implementing Regulations
- Saudi Arabia Publishes English-Language VAT Guideline on E-Commerce
To go to the specific region of your interest, follow the link below.
We’re looking forward seeing you again next week.
WORLD
- Job opportunities in France, United Kingdom and United States
- Job opportunities in Belgium, Netherlands and United Kingdom
- Applying Blockchain Technology to Cross-Border Tax Reporting
- PE Watch | Latest developments and trends, October 2021
- Scalability of TX++: 2021 update
- 2021 VAT/GST Benchmarking Survey Report
- VAT vouchers for everyone!
- Sustainability and indirect taxes thesis project Erasmus University Rotterdam
- Carbon tax … the new hype? Which countries have/will implement(ed) it?
- Black Friday 2021: Have you considered your e-commerce VAT options?
- The Difference Between Accounts Payable and Notes Payable
- 5 Best Invoice Template Customization Apps
- Peppol Continuous Transaction Controls Reference Document – Learn about the models implemented globally
- Sovos webinar – Black Friday Countdown: Are You VAT Ready with OSS? (Oct 14)
- Webinar Global VAT Compliance – OSS & IOSS Webinar – The practical implications of the new EU VAT rules (Oct 28)
- Sovos Webinar: A Practical Guide to VAT Compliance with JD Sports Webinar – Nov 3, 2021
AFRICA
AMERICAS
- Canada announces it will enact Digital Services Tax but says implementation is conditional
- Canada Planning to Impose Digital Services Tax if International Tax Reform Fails to be Implemented by 2024
- Panama Reduces Threshold for Designation as VAT Withholding Agent
- Panama Expands Criteria to Qualify as a VAT Withholding Agent
- Remove VAT from specified therapy equipment and basic food items
- Update – Trinidad and Tobago Clarifies Basic Food Items to be VAT-Free from November 2021
- Federal court passes on California sales tax suit
- Hawaii Updates Guidance on State Excise and Use Taxes that May Apply in Foreign Trade Zone
ASIA-PACIFIC
- Composite and Mixed Supplies Under GST: Demystifying the Conceptual Tenets
- Ahmedabad, Surat becoming bogus GST billing hubs
- CBIC issues circulars clarifying contentious issues relating to export of services
- Key Recent developments under GST – A Bird’s Eye View
- 2 businessmen, CA held for Rs 48 crore fraud for GST
- Garments sector demands 5% uniform GST for the sector
- Reverse Charge Mechanism in GST Regime with Chart – Updated till date
- Notice in Form GST REG-03 for seeking clarification relating to GST Registration
- Composite and Mixed Supplies Under GST: Demystifying the Conceptual Tenets
- India 3 GST rates simplification 2022?
- Who is supposed to bear Liability of Non-Payment of GST to Government: Seller or Buyer?
- GST Authority to communicate reasons for Blocking of ITC to Taxpayer: Madras High Court
- Input Tax Credit under GST
- A2ZTaxCorp’s Weekly GST Communique dated October 11, 2021
- 5% IGST payable on Import of Footwear having Sale Value not exceeding Rs.1000 per Pair
- Kerala High Court issues Notice to Govt. on plea of KHCAA challenging GST on Goods and Services provided by Association to its own…
- GST payable on Supply of Unconnected Goods at a Nominal Price against purchase of Hosiery Goods: AAR
- 10 points to be kept in mind before filing GST return for September month
- GST payable on Complete Billing amount including Employer portion of EPF & ESl Amount
- BIR clarifies COVID-19 drug VAT exemptions
- Keeping up with the digital economy: VAT on online transactions
- Zero rate for certain services to offshore gaming licensees
- Think tank recommends VAT rate increase in Sri Lanka
EUROPE
EUROPEAN COURT OF JUSTICE
- ECJ C-45/20 and C-46/20 (Finanzamt N) – Decision – Input VAT, allocation of mixed used purchases to the business
- ECJ C-482/21 (Euler Hermes) – Question – Taxable amount and Insurance of Indemnities
- ECJ C-459/21 (The Navigator Company et Navigator Pulp Figueira) – Facts known – Deduction of VAT vs. Corporate Income Tax
- ECJ Case – C-461/21 (Cartrans Preda) – Questions – Taxable amount upon importation
- News from the ECJ in week 41 (Oct 9-15, 2021) – 1 case decided, 3 new on Curia, 5 new facts unknown
- Agenda of the ECJ VAT cases – 6 judgments by November 11, 2021
- ECJ on the burden of proof in tax abuse
- Commentary to ECJ C-699/15 (Brockenhurst College) – Services ‘Closely Related’ to Exempt Services
- ECJ – Affection to the economic activity and the VAT deduction (cases C-45/20 and C-46/20)
- Flashback on ECJ Cases – C-414/10 (Véleclair) – Right to deduct VAT on importation not subject to the actual prior payment
- Flashback on ECJ Cases – C-326/15 (DNB Banka) – No Exemption for Independent groups of persons performing economic activities
- Flashback on ECJ Cases – C-274/15 (Commission v Luxembourg) – End of the VAT exemption regime for financial IGPs
- Flashback on ECJ Cases – C-33/16 (A) – VAT exemption not only for lifting services that take place in the final trade phase
- Flashback on ECJ Cases – C-26/16 (Santogal M-Comércio e Reparação de Automóveis) – Exemption on I/C supply of new means of transport. No…
- Flashback on ECJ Cases – C-90/16 (The English Bridge Union) – Duplicate bridge is not a ‘sport’ for the purposes of the VAT Directive
- Flashback on ECJ Cases – C-699/15 (Brockenhurst College) – Exemption for training restaurant and theatre services of…
- Council Implementing Decision: Austria can restrict VAT deduction if goods/services are used for more than 90% for private…
- EC proposes Croatia to extend 50% deduction of Input VAT on purchase or lease of passenger Cars till Dec 31, 2024
- EC proposes Estonia to allow 50% deduction of input VAT on purchase or lease of passenger cars till Dec 31, 2024
- The effectiveness of IOSS
- EU reconsiders Finance Services VAT exemption – Dec 2021
- How to Determine Your EU VAT Obligations?
- EU Transaction Based Reporting TBR VAT options
- EU VAT in the Digital Age reforms update – 3 reforms – E-Invoicing/RTR, platforms/e-commerce, single EU VAT registration
- Keeping Track of the EU’s Changing VAT Landscape
- Italy, Cyprus and Greece record the longest delays in VAT refunds
- VAT penalties and the principles of proportionality and neutrality
- Carbon Border Adjustment Mechanism – EU border levy to prevent carbon leakage
- One Stop Shop – Changes for Online Sellers
- Rebates paid to a public health insurer under a voluntary agreement should lead to reduction of the taxable amount
- Council Implementing Decision: No VAT deduction if more 90% of goods/services are used for private purposes till Dec 31, 2024
- Council Implementing Decision: Germany authorized to apply Reverse Charge on Trading of Emission Allowances
- Council Implementing Decision: Extension of derogation granted to Hungary to apply Reverse Charge during insolvency…
- EU’s Brexit peace offering includes removal of 50% of customs checks on British goods
- Belgium e-invoicing proposal to combat €3.6 billion in missing VAT
- Response tax authorities to the judgment of the Council of State on the flat-rate VAT scheme for pub owners
- Budget agreement: Gradual transition to E-invoicing (and Real Time Reporting?) for B2B transactions
- Coronavirus – Hairdressers: adjustment of the calculation of the VAT lump sum for the 3rd quarter 2021
- Extension Of VAT Exemption for Supplies of Masks and Medical Equipment
- Budget 2022: VAT for Airbnbs
- OSS declaration for deliveries and services to private individuals – 2nd Quarter declaration due Oct 1, 2021
- October tax calendar in the Czech Republic
- Burden of proof, taxable and VAT-exempt services
- Customer liability for VAT when payment made to unpublished bank account
- Amendment to the VAT Act of the Czech Republic changes e-commerce rules
- Increase in VAT liability – Deduction for purchase VAT on motor fuel
- Deduction of input VAT on the consultancy in connection with the purchase of the shares in a company
- DEB (declaration of exchange of goods) is replaced by two new declarations as of Jan 1, 2022
- VAT and mandatory e-invoicing; new effective date of 1 July 2024
- Permanent Establishment: An Extensive Approach Adopted by the French Supreme Court
- Income Tax Credits for Consumer Services: A Tool for Tackling VAT Evasion?
- Sample of the VAT return for 2022
- Sample of the forms in the VAT pre-registration and pre-payment procedure for the calendar year 2022
- Inward/outward processing – goods imported from/sent to the UK for repair
- VAT proposals in budget 2022: 9% VAT rate Hospitality extended, Carbon Tax, Excise Tax Tobacco. Flat Rate Farmers
- VAT proposals in budget 2022
- Budget 2022: reduced VAT rate of 9% for the hospitality sector is being extended to 31 August 2022
- Italy pre-completed VAT returns Sept 2021
- The system of pre-completion of VAT returns through electronic transactions is implemented – What changes from 1.1.2022 in electronic…
- All what you need to know about upcoming changes on B2B E-Invoicing per Jan 1, 2022
- Pre-filled VAT ledgers made available to 2 million Italian residents and established taxpayers
- Italy Provides Temporary Super-Reduced VAT Rate for Natural Gas Supplies
- VAT guidance re renovation of an existing and power plant producing electricity and heat
- Guidance re subscription to online journals/publishing fee
- Guidance re public-private partnership for the leasing of public works
- Temporary Super-Reduced VAT Rate (5%) for Natural Gas Supplies till Dec 31, 2021
- eRecognition for submitting VAT returns required in 2022
- 21% VAT for software that analyses the data of an AED device
- Bitcoin mining for VAT an economic activity
- 75% deduction of input tax for bitcoin mining
- No VAT Entrepreneurship for Business Spirituality Services without Fee
- eRecognition (”eHerkenning”) for submitting VAT returns required in 2022
- Continuation of the WOB request regarding the abolition of VAT exemption for certain medical services
- Group Satsangs and Vipassanna Retreats taxed with 21% VAT
- Handling procedures insufficient for entrepreneurship turnover tax
- Renting out independent workspace is not an economic activity due to lack of competitive position
- Counselors see gap between workplace and management Tax Authorities
- Public consultation on bill implementing reporting obligations for digital platforms (DAC7)
- Stimulate sustainable agriculture with VAT reduction
- Readiness to pay organic food up due to lower VAT
- Tax authorities send a letter to 180,000 self-employed persons and sole traders about VAT returns from 2022
- Standard VAT rate for parking with Park, Sleep and Fly packages
- Document VAT exemption for medical services partly public
- Imposing additional tax assessment without sales invoices is allowed
- VAT on the roof of a house not deductible when installing solar panels
- Changes to the Dutch Excise Duties Act 11/10/21
- Timing of VAT reporting and payments in the construction sector
- Budget 2022: Exemption from VAT for naprapaths and osteopaths is being extended until 1 July 2022
- Right to deduct input VAT. Questions about career change services shall be regarded as in-kind remuneration
- Questions about tax exemption for services provided to foreign vessels
- Deductions for joint procurements by VAT group
- Amendment to the VAT Act: VAT exemption for the army
- Changes in VAT taxation of the transformation fee
- Retrospective deduction of the input tax
- Real time invoice reporting in Poland from January 2022
- Ruling on the scope of VAT taxation of renting or leasing residential real estate for housing purposes
- A mobile crane is not a new means of transport
- Ruling: Activities between a foreign company and its Polish branch and vice versa are outside scope op VAT
- Ministry of Finance invites you to test the National System of e-Invoices
- Minister of Finance issued a general ruling on the taxation of renting residential real estate for residential purposes
- VAT Refund travellers: Seller’s name, surname and PESEL number needs to be on the sales document
- VAT UE CBR pilotage in Poland
- Council Implementing Decision Published Authorizing Poland’s VAT Threshold
- JPK V7M/K Schema Changes from 1 January 2022
- JPK V7M/K Schema Changes from 1 January 2022 – Split payment marker removed
- Portugal Introduces VAT Exemptions In Relation To Defence Efforts
- Budget 2022 (draft): VAT exemption for purchases of COVID-19 related goods and services by an EU body on behalf of MS
- SNI Webinar: Romania’s SAF-T Marathon: How can you prepare for the implementation of the new rules? (Oct 19, 2021)
- Romania SAF-T: Updated Guidance Released
- Romania eFactură electronic invoices phased launch 2022-23
- eFactură system – Gradual implementation, start with B2G, later B2B
- Two different VAT rates applied to the same real estate transaction
- Concept of “fixed establishment” regarding letting of property: A Spanish perspective
- Non-retrospective entry in the accounts of the customs debt, and VAT taxable base
- Significance of registration in assessing the right to deduct input VAT
- Sweden raises VAT registration threshold 2022
- SAF-T: Transactional level data, initially on-demand but mandatory for all by 2027
- Provision of advertising services to a non-resident
- On what grounds can single taxpayers be VAT payers?
- How to apply for a VAT exemption?
- Ukraine SAF-T coming in 2023!
- HMRC Policy paper: Interest harmonisation and penalties for late submission and late payment of tax
- HMRC Guidance: Claim a waiver for duty on goods that you bring to Northern Ireland from Great Britain or countries outside the UK and…
- HMRC Guidance: Joint and several liability notices and penalties for facilitating tax avoidance or tax evasion
- HMRC internal manual VAT Margin Schemes
- UK VAT penalty regime 1 April 2022
- One Stop Shop opens for Northern Ireland
- Isle of Man Announces Changes in Disclosure of Avoidance Schemes for VAT and Other Indirect Taxes
- Isle of Man Announces Changes in Disclosure of Avoidance Schemes for VAT and Other Indirect Taxes
- HMRC Guidance: Disclosing VAT and other indirect tax avoidance schemes (VAT Notice 799)
- HMRC confirms VAT policy on sale and leasebacks
- HMRC Form: Tell HMRC about an option to tax land and buildings
- Increasing VAT to 20% will mean significant price hike, says UKH boss
- Are new dwelling conversions zero-rated for VAT?
- Freeports – what are they? Are they beneficial?
- VAT is not payable on acquisitions into a bonded warehouse
- HMRC Guidance: Using the Harmonised System and product-specific rules for trade between the UK and EU
- Help For DIY Housebuilders Making VAT Claims?
- HMRC Guidance: General rules to determine the origin of your products for trade between the UK and EU
- HMRC Guidance: Proving originating status and claiming a reduced rate of Customs Duty for trade between the UK and EU
- HMRC Guidance: Introduction to rules of origin and claiming duties when trading between the UK and EU
- HMRC Collection: Rules of origin for goods moving between the UK and EU
- HMRC’s Revenue and Customs Briefs issued in 2021 – An overview
- HMRC Policy paper: Revenue and Customs Brief 1 (2021): Introduction of the zero rate of VAT for women’s sanitary products
- HMRC Guidance: Goods and services you can claim for under the VAT DIY Scheme
- HMRC Form: Tell HMRC about any errors in your VAT Return
MIDDLE EAST
- GCC Indirect Tax Digest – 14 October 2021
- Financial Service Sector: Relevant GCC Tax Update 2020/2021
- Amendments to the date of supply rules in the VAT Implementing Regulations
- Saudi Arabia Publishes English-Language VAT Guideline on E-Commerce
- Amendments to the date of supply rules in the VAT Implementing Regulations
- Saudi Arabia Announces Merger of the Secretariats of the Tax and Customs Committees
- ZATCA published indicative list of the E-invoicing solution providers
- Updated Designated Zones List 2021
- Federal Tax Authority Calls On Expo Participants To Benefit From The Vat Refund Scheme for Expo 2020
- Bad Debts Adjustments and Reversal of Input Tax
