VATupdate
VAT

VATupdate Newsletter week 46 2021

It’s going to be an exiting week for retailers. Black Friday is coming! Whether it is gadgets, bedcovers or shoes: everything is on sale this week! At least in the United States, but also other countries are picking-up this ‘tradition’.

Of course, it isn’t a real tradition at all. It’s a commercial “tradition”, not a folklore, or a centuries old habit, or a cultural rite. Black Friday is simply the day after Thanksgiving, and because many people in the US have a day off, shops try to lure them with ‘spectacular discounts’.

In the Netherlands we also have these days, for example on the 2nd Easter Day. We all go to car dealers and furniture boulevards that day, and we don’t mind spending hours in the car, waiting for a parking spot. Well, it’s probably good for business… and a lot of VAT is collected that day.

Not in the US of course. Sales Tax perhaps, but it will be a long time before the US will implement a VAT system. That’s not a bad thing. But it means that US businesses will have to be aware of the fact that if they have activities or sales outside their own country, they may run into VAT.

And even though the rest of the world may copy some US traditions such as Black Friday, VAT is one tradition that will likely never be replaced by a sales tax. Probably.

If you have any traditions or ideas that you want to share with us, please send us an email at [email protected] or leave a comment under the posts of this newsletter on LinkedIn.


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We’re looking forward seeing you again next week.


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