Do you know that the @-sign is called ‘strudel’ in Hebrew? The reason for this is that the shape resembles the pattern in an apple cake, the ‘Apfelstrudel’. Which is a popular type of cake in Israel. And, in other areas in the world.
“Apfelstrudel looks like a monkey tail”
In fact, the word ‘strudel’ is German for vortex, or swirl. Which describes how the strudel is made: by swirling the dough. The dough itself is very elastic and very thin. Filled with apple and raisins, it’s a great treat.
The above has nothing to do with VAT. So, I hear you thinking: is this the VATupdate Newsletter for this week? Yes, it is. And it’s full of VAT news from around the world, as usual.
But what we are trying to share with you is not just the latest news, but also our enthusiasm for VAT. During my first interview I had when I was fresh from university, the interviewer was explaining to me that ‘VAT is everywhere’. I must admit, that at that moment, I wasn’t sure what he meant. But now I do.
Cakes are subject to VAT. Often the reduced rate. But not always. Just look up the case-law on tea cakes in the UK, where a distinction is made between ‘cakes’, and ‘chocolate-covered biscuits’. Cakes are regarded food, but chocolate covered biscuits are snacks. And don’t even get me started on chocolate in France…
You see? Everything has a link with VAT. And we can tell you all about it. Just visit our website every day.
Oh, and by the way: in Dutch the @-sign is called ‘apenstaartje’, which means ‘monkey tail’. Makes sense, huh!?
Have a great week!
If you have any comments, questions, 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.
To go to the specific region of your interest, follow the link below.
WORLD
- OECD releases Pillar One public consultation document on draft nexus and revenue sourcing rules
- The complexity of VAT/GST on NFTs and the impact on platforms
- Indirect Tax – What you can earn around the globe for being a VAT/custom specialist
- QR Codes and VAT invoices – global tracker
- Meridian launches new automated tax determination solution for SAP S/4 HANA: ARCO
- Value Added Tax Rates (VAT) By Country
- Crypto And GST: A Brief Guide
- Trends: What’s Driving the Global VAT Landscape?
- 2022 global VAT & GST rate changes
WEBINARS / EVENTS
AFRICA
- Facebook gives Nigerian advertisers deadline to update VAT records
- FIRS has now authority to appoint non-resident digital service providers as VAT collectors
- Again, IMF Urges Nigeria to Increase VAT, Remove Fuel Subsidy
- Supreme Court fixes date to hear River’s appeal
- IMF Suggests VAT Hike, Fiscal, Exchange Rate Reforms to Nigeria
- ODIRS seals off hotels, event centres
- Sierra Leone Reduces GST Registration Threshold and Late Payment Penalty as Part of Finance Act 2022
- New tax invoice requirements effective for non-resident electronic services suppliers
- 1% VAT hike likely after grant extension: economists
- VAT hike the most likely option for South Africa: analyst
- VAT and other tax hikes could fund new basic income grant for South Africa
- Tanzania Revenue Authority upgrades VAT electronic filing system
- Upgraded VAT e-filing a digital game changer
AMERICAS
- District of Columbia Exempts At-Home COVID Tests from Sales Tax
- How to manage sales tax when drop shipping
- What’s New in State Sales and Use Taxes – Monthly Update
- Maryland Clarifies Exemption Applicable to Covid Related Products
- A Guide to Sales Tax Compliance in 2022
- Sales Tax update California, New York State, Wisconsin
ASIA-PACIFIC
- Australia Approves B2B e-Invoicing
- ATO reveals $5.2bn in GST tax gap
- GST administration annual performance report 2020–21 by ATO
- Restaurant owners want reduction in VAT
- Revenue board says no to pharma companies’ plea for VAT rebate
- Get ready to pay GST on Crypto trading, government eyeing proposal in GST Council Meet
- Blockchain tech to curb fake billing, GST evasion, 1st phase to be implemented soon
- of India has taken various initiatives to promote the export of IT/ ITeS sectors
- Tax authorities to inspect scope of GST levy on crypto
- GoM recommends effective use of biometric system to prevent GST evasion
- Government exploring ways to levy GST on mining of cryptocurrencies
- A2ZTaxCorp’s Weekly GST Communique dated February 07, 2022
- CBIC to scale up departmental audits to boost GST compliance
- Aviation turbine fuel brought into the goods and services tax regime?
- No GST payable on Comprehensive Architectural Services: AAR
- The extension of the sales tax on luxury Goods-DTP 2022 to reduce the effect of market shock
- Indonesia extends VAT cut on new houses
- Kyrgyzstan VAT on digital services Jan 2022
- New Tax Code of Kyrgyzstan: What the document provides for
- Kyrgyzstan’s New 2% Tax on Activities in the Field of e-Commerce and VAT Requirements for Foreign Providers of Electronic Services
- Kyrgyzstan Raises VAT Registration Threshold
- Govt urged to withdraw GST on key items
- Sales tax returns: FBR disallows ‘wrong’ input tax adjustments
- Upcoming GST hike seen as key to improving fiscal sustainability
- What you need to know about the impending GST hike
- E-invoicing Roll-Out in July 2022
- Vietnam Publishes Implementing Decree for VAT Rate Reduction and Donation Deductions for COVID-19
EUROPE
- ECJ C-596/20 (DuoDecad) – AG Opinion – Place of supply of e-commerce support services
- ECJ C-9/20 (Grundstücksgemeinschaft Kollaustraße 136) – Decision – No deduction of VAT if chargeable event is later
- ECJ C-487/20 (Philips Orăştie) – Decision – A Member State cannot introduce less favourable procedural rules for claims for VAT refund.
- ECJ C-583/20 (EuroChem Agro Hungary) – Order – Limitations to member states’ freedom to impose penalties
- Agenda of the ECJ VAT cases – 4 cases announced till March 17, 2022, 2 decisions, 2 AG Opinions
- ECJ: Penalties for conduct in breach of contract subject to VAT?
- Foreign VAT refund: you can take action now
- Businesses Urge EU Toward Common E-Invoicing Systems
- The One-Stop-Shop for VAT: which rates to use and where to pay
- Origin of Goods – Claiming Relief on Trade Between the EU and UK
- PEM: Application of the transitional rules of origin
- Changes in VAT legislation as of July 1, 2022 – Impact on trade within the European Union
- FAQ and reporting forms published by the tax authorities to implement and clarify the DAC 7 “light” reporting obligation(s)
- Belgium expands the B2G electronic invoice to all its suppliers
- Electronic Invoicing in Benelux
- Bulgaria considers 0% VAT for water and natural gas, electricity, and central heating, food products and beverages, and medicinal products and medical equipment…
- Bulgaria to Introduce VAT Zero Rate on Certain Food, Energy, and Medical Product Supplies
- Czech Republic new online portal MY TAX and tax information boxes
- Information on an unreliable VAT payer in the Czech Republic
- The New French CA3 VAT Return Has Been Published
- French Ministerial Conference on E-Invoicing
- French Polynesia 1.5% levy
- Bakery branches and VAT rate – the BFH has decided!
- Company-owned electric vehicles used privately used of a company-owned electric car is subject to VAT
- The New Reduced VAT Rate Rules on Digital Media (Part II)
- Revised Principles on Handling Guarantee Services under Insurance Tax and VAT
- The New Reduced VAT Rate Rules on Digital Media (Part I)
- Finally: BMF adopts case law on the specification of services
- VAT treatment of the private use of electric vehicles
- Service to subsidiaries does not exist if an economically indivisible total service is proportionately allocated to them
- Private use of electric vehicles, hybrid electric vehicles, electric bicycles and bicycles and provision of electric bicycles and bicycles to employees
- Reason for force majeure: hospitalization due to covid-19 for cancellation of fine overdue VAT return
- MyData – FAQ
- ΣτΕ 1052/2020 VAT refund application – Original documents
- Publishers urge slashing of VAT on book production
- Greece Extends 6% VAT Rate for Products Needed for Protection from COVID-19
- VAT refund on investment property – Five-year settlement – Limitation period
- Greek Finance Minister: Everything is open for a reduction of VAT on food
- Minister Donohoe defends decision not to reduce VAT on fuel
- E-invoicing in Ireland- what you need to know
- Ireland consults on VAT digital reporting and e-invoicing
- Import into Italy by a person not resident in the European Union
- Changes to cooperative compliance regime
- VAT exemption also for marquees to carry out swabs
- The novelties of the VAT 2022 model
- Deduction and refund of VAT for expenses on property owned by third parties
- First home bonus under 36 and VAT, what you need to know
- Mandatory issue of electronic invoices in the context of BtoG public contracts
- Electronic Invoicing in Benelux
- Montenegro Amends Reduced VAT Rate for Catering Services
- Montenegro Extends Application of Reduced VAT Rate of 7%
- Terrain with remnants of the power plant of VAT-exempt construction site
- Tax advisory firm must provide e-mail correspondence to inspector
- VAT dispute over additional costs Groningen Ring Road South
- Intrastat the Netherlands: update on 2022 reporting obligations
- More clarity about VAT and transfer tax in real estate transformations?
- Adjustment input VAT because taxable lease is not made plausible
- SME scheme for solar panel holders remains a point of attention
- Research of the new SME VAT scheme (KOR)
- The Netherlands helps Italian FIOD with an investigation into VAT evasion Booking
- Electronic Invoicing in Benelux
- Economic activity does not need to be aimed at making profits
- Dutch Court asks preliminary questions to Dutch Supreme Court on ‘newly build construction’
- Import VAT deferment in the Netherlands: from progressive to lagging behind
- Reverse settlement when importing services. Question whether the business condition was met, and whether there was a right to a deduction for input VAT
- Guidance statement on exemption from VAT when leasing electric cars. The Value Added Tax Act § 6-6.
- SLIM VAT 3 pre-consultation extended until 23 February
- Binding Tax Information and the VAT rates changes in the Anti-Inflation shield 2.0
- Polish Order. The Cashless Taxpayer for companies is the fastest VAT refund in the entire European Union
- Repentance letter in case of correction of the JPK_V7M / 7K files corrected
- The new deadline for INTRASTAT reporting as of Jan 2022
- Romania violates EU law by not granting VAT refund despite bank guarantee
- RO e-Factura could bring over EUR 7 billion to the state budget
- Premium from the dealer for the fulfilment of the terms of the contract is not subject to VAT
- Clarification of moment of determining the tax base for VAT in relation to funds placed on escrow accounts
- Ministry of Finance of Russia: services of a sports and recreation complex of an institution VAT exempt
- Russia Clarifies Input VAT Deduction for Digital Services
- License Agreements in Online Gaming: Lack of Appropriate Regulation and Risks of Ambiguity in Russian Legislation
- The cost of shipped goods has been changed: how to calculate VAT
- Interbank fee constitutes turnover
- Sweden COVID-19 VAT payment deferrals
- Postponement of change in the recovery of previously credited excess input VAT
- What is the deadline for applying for voluntary registration as a VAT payer?
- Temporary zero VAT rate for the sale of food products
- Ukraine Revises VAT Exemption Threshold for Imported Goods Shipped Through International Post and Express Carriers
- Ukraine heating and food VAT rate cut proposal
- JUNJIE LIU AND ZHE LI: zero-rating – whether evidence of export
- Rufforth Park Ltd.: Car boot sale pitch – whether the leasing or letting of immovable property – whether additional services provided
- HMRC Guidance: UK trade agreements with non-EU countries
- Businesses encouraged to have their say on future of customs
- HMRC Collection: Customs, VAT and Excise UK transition legislation from 1 January 2021
- HMRC – Notice VAT Notice 48: Extra Statutory Concessions
- HMRC Guidance: Investment gold coins (VAT Notice 701/21A)
- HMRC internal manual: VAT Supply and Consideration
- Owners of Alton Towers and Cadbury World urge Government to pull back on VAT hike
- HMRC Revenue and Customs Brief 2 (2022): VAT early termination fees and compensation payments
- Bad Debt VAT Claims – Correct Record Keeping Process
- Origin of Goods – Claiming Relief on Trade Between the EU and UK
- MTD VAT: fully compatible or bridging software?
- Guernsey politicians rebel against GST proposals
- Making Tax Digital for VAT: service availability and issues
- Factoring and Bad Debt Relief– procedural/record keeping requirements
- Latest on early termination and compensation payments
- More than 250 hospitality bosses call for VAT freeze as diners hit by rising costs
- Bad Debt Relief: The Regency Factors case
- Rishi Sunak will not make promised VAT cut in energy bills; minister says
- EU Impact lingers in VAT case for a Dog Groomer
