Prices of immovable property are going through the roof. At least here in the Netherlands. In some villages, there aren’t even houses for sale for less than 1 million euros! So let’s move to another country. Or better: another planet. The problem is, the land there is also quite expensive.
Want to buy a piece of Mars? Click HERE.
The VAT rules around immovable property aren’t always simple. In the EU, the main rule is that the supply of immovable property is exempt from VAT. But not if it’s ‘new’ immovable property. Of if parties opt for taxation. But when is something ‘new’? And when can you opt?
And the same applies to services relating to immovable property. Services linked to a building are subject to VAT in the country where the building is located. But when is a service linked to a building? Cleaning the windows, providing security services, or installing central heating…
Yes, these are likely linked to immovable property. But making a drawing of a building? And what if this is a 3D picture? And what if in this 3D picture the key elements are drawn where items must be installed?
Long story short: ask for advice when you’re dealing with immovable property. Especially with the current prices, as 20% VAT on a lot of money is a lot of money.
And if you would consider buying a piece of land on Mars, please let us know, as we would be very happy to post that on our website. Including free VAT related news!
See you next 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
- Job opportunities in Egypt, the Netherlands and United Kingdom
- Job opportunities in Cyprus, United Kingdom and United States
- Job opportunities in the Hungary, Netherlands and United Kingdom
- Job opportunity: Btw-specialist (VAT specialist) in the Netherlands
- Rita de la Feria: The Robotisation of Tax Administration
- OECD: Standardized format released to support reporting on digital platform sellers
- Be ready for the Major Global iTx developments per April 1, 2022
- Global Customs Newsletter #1/2022
- VAT compliance Key Performance Indicators – what is best practice?
- April 2022 global VAT & GST changes
- OECD releases IT-format to support exchange of tax information on digital platforms
- E-Book: How to Successfully Implement an E-invoicing Solution
- EY Worldwide VAT, GST and Sales Tax Guide 2022
- SAP CPI – End to End VAT integration using OAuth 2.0 with client credentials grant to generate Access token authentication
- VAT and the use of Blockchain Technology (and other articles by Alfredo Collosa)
- More than 160 countries introduced VAT, and more and more do
WEBINARS / EVENTS
- IVA 2022 Spring Conference (Edinburgh, Scotland)
- Webinar Sovos: VAT Snapshot: Poland, Romania and Broader CTC Adoption (March 30)
- SNI Webinar: What is next in Saudi Arabia? All important e-Invoicing requirements in KSA (March 30)
- SNI Webinar – All About SAF-T (April 7)
AFRICA
- Tax Agency explains VAT obligations for non-resident electronic service providers
- Ghana launches VAT payment portal for non-resident supplies of electronic services
AMERICAS
- Tax Reform in Brazil: Moving Towards Unification of E-invoicing
- Brazil Establishes Uniformity of State VAT Rates on Transactions Involving Fuels
- Provincial sales tax changes, effective 1 April 2022 (Saskatchewan)
- The federal carbon tax will be raised on April 1st. How does it affect gas prices?
- British Columbia propose marketplace facilitator law for PST
- Canada Saskatchewan 2022 PST changed
- Guyana announces VAT reductions on vehicle imports and fuel
- Guyana Slashes VAT, Excise Taxes on New Vehicles
- Govt removes excise tax on fuel importation
- Utah: New Law Seeks to Remove Multiple Taxation of Some Business Inputs and Supplies
- Mississippi: New Law Calls for Tax Study on Remote and Internet-Based Software Products and Services
- Texas Supreme Court sources service receipts to location of personnel or equipment, not where services are received
- Draft: Diapers & Baby products, Oral Hygiene products & Medical Devices and products exempted from Sales Tax
- Facts & Figures 2022: How Does Your State Compare?
- Subscription billing and your sales tax obligation
- Top five mistakes people make with sales tax
- West Virginia issues guidance for sales tax holiday
- How to select a sales tax vendor
- Sales tax and transactions involving virtual currency (New Jersey)
- Sales tax and digital clubs (Missouri)
- Sales tax of software (Iowa)
- Reporting by online marketplaces (Colorado)
- April 2022 sales tax rate changes
- How to use an Oklahoma resale certificate
- Idaho Enacts Sales Tax Exemption for Semiconductor Manufacturers
ASIA-PACIFIC
- Board of Taxation reports about post‑implementation review of GST on low-value imported goods
- Commonwealth Grants Commission publishes GST revenue sharing for 2022-23
- Medium and large business getting started with eInvoicing
- Cambodia starts collecting VAT on e-commerce from today
- VAT Registration Deadline for Non-Resident E-Commerce Providers is 31 March 2022
- Insight special: China’s Golden Tax System
- China Provides Temporary VAT Exemption for Small-Scale Taxpayers
- China implements expanded VAT refund policy
- Promotion for the Input Value Added Tax Credit Refund Policy
- Value Added Tax exemption policy for small-scale taxpayers
- USTR announces 232 tariff agreement with the United Kingdom, reinstates some China Section 301 product exclusions
- Traders urged to comply with VAT removal
- Revised 2021-2022 National Budget – Many to changes to VAT Rates
- VAT rate changes in Fiji from 1st of April
- GST amnesty program for Maharashtra State
- GST Compliance Calendar for the month of April 2022
- Customs (Electronic Cash Ledger) Regulations, 2022
- Domestic Tour Operator is not required to collect TCS on Sale of Overseas Tour package to NRI visiting India
- Cenvat Credit cannot be denied for Warranty Services provided Free of Cost during Warranty Period through Third Parties: CESTAT
- Demo cars are for business purpose of car dealers
- GST Updates – March 30, 2022
- Dept of Sports requests Finance Ministry to fix GST rates for sports goods at 5 per cent
- Procedures for examining GST returns for FY 2017-18 and FY 2018-19
- Government says ₹ 95.86 crore recovered from 11 Cryptocurrency Exchanges for GST Evasion
- Delhi govt proposes tax amnesty scheme for traders
- GST, VAT to contribute over 62% to total receipts of Delhi govt in FY23
- Crypto transactions involving Indian, foreign exchanges may attract GST
- Delhi HC admits Contempt Petition for not processing GST TRAN-1 despite an Order by Court: Issues Notice to GST Dept
- A2ZTaxCorp’s Weekly GST Communique dated March 28, 2022
- GST on Factoring Arrangements
- Important Things of GST to Remember This March 2022 ending!
- Upcoming Changes in GSTR-1, GSTR-2A, GSTR-3B
- An overview on the GST rate increase
- Indonesia VAT rises to 11% 1st April 2022; 12% by 2025
- Government officially increases VAT rate to 11 percent
- Special voluntary and amnesty program for indirect taxes
- Update to service tax exemption on brokerage services
- High Court decision allowing pre-GST registration input tax credit claim
- Whether weathertightness payments by the Crown are subject to GST
- Importers and recalculated GST
- Goods and Services Tax – Importers and input tax deductions
- Customs brokers and GST levied by Customs
- New Zealand consults on taxation of the gig and sharing economy
- Technical updates from the tax authorities
- Tax Bill: GST Grouping/Second hand goods
- Changes to the GST invoicing requirements
- New Zealand leading the way with tax changes concerning cryptoassets/NFTs
- VAT reduction to 8% for qualified goods and services in 2022
- Vietnam proposes to extend VAT payment deadlines
- What services and goods are entitled to 30% VAT reduction?
- Are professional skills training services subject to VAT?
EUROPE
- Commentary on ECJ C- 605/20: Input VAT deduction in the case of repair services by a subcontractor
- Commentary on ECJ C-98/21: Input VAT deduction of a managing holding
- ECJ Customs – C-770/21 (OGL-Food Trade Lebensmittelvertrieb) – Questions – Customs Value of Agricultural Products
- Agenda of the ECJ VAT cases – 7 cases announced in April 2022, 3 decisions, 4 AG Opinions
- ECJ C-57/20 Commission action against Germany on flat rate scheme for farmers (Order)
- Lithuanian conditions for opting for taxed delivery permitted according to AG ECJ
- ECJ C-809/21 Nokia Solutions and Networks Oy v Inspecteur van de Belastingdienst/Douane, kantoor Eindhoven: Infringement relating to post-importation customs…
- Flashback on ECJ Cases – C-390/15 (RPO) – No reduced VAT rate for the delivery of digital books by electronic means
- Flashback on ECJ Cases – C-502/07 (K-1) – Member States can introduce administrative sanctions as it is not a tax
- ECJ will decide how to classify commercial real estate on the basis of VAT
- Increased emotions around VAT rates – New VAT Tariff Directive is expected to be adopted at ecofin on 5 April 2022
- This is what happened in the ECJ (VAT) in March 2022
- VAT in the Digital Age: Part III – VAT and the Platform Economy
- Impact Intrastat changes 2022
- Valuable insights from the EU VAT forum on EU’s penalty landscape!
- Taking the EU Customs Union to the next level: innovative ideas
- Increased emotions around VAT rates
- European Union: A great reset of VAT rates?
- VAT and the Metaverse—Taxing Virtual Events
- If you conduct business independently, member state cannot deprive you of the VAT taxpayer status
- Invoice with instalment payments: when is VAT due?
- VAT Committee – 120th meeting on March 28, 2022 – Agenda and Working Papers
- Presentation VAT Expert Group – Fuel cards subgroup – Case C-235/18 Vega International
- Conclusions on the execution of the VAT e-commerce package were accepted by the Council
- Dropshipping & VAT 2022: examples, special regulations, and exceptions
- New VAT system for B2B goods trade within the EU on the way
- European Commission: Rules on VAT and Administrative Cooperation
- Dispatch of excise products by warehouse keeper constitutes movement of products under excise suspension
- Polish exclusion of deviating VAT liability of spouses with agricultural business in violation of EU law
- War in Ukraine: Update on export and import bans
- Face masks and hydroalcoholic gels – reduced VAT rate of 6%: extension until June 30, 2022
- Royal Decree: Reduced VAT rate for specific energy products due to Russia-Ukraine war
- Cassation is strict about 6% VAT rate entrance gates
- New rules for VAT exemption for subcontracted transport delayed
- New developments in the Belgian B2B e-Invoice implementation process
- Royal Decree VAT rate for goods/services with regard to photovoltaic solar panels, thermal solar panels and solar water heaters, heat pumps, ..
- Beware of fines related to VAT control statements
- 15% VAT rate on the delivery of contact lenses
- Czech Republic Effectively Defers VAT Payment to October 2022 for Taxpayers in the Transport Sector
- A majority of sectoral measures and some more general measures likely to interest all sectors of activity – Finance Act for 2022, Articles 30, 31, and 142
- Electronic platforms: The DAC 7 Directive is transposed with an effective date of 1 January 2024 for transactions carried out in 2023
- Monaco Extends Reduced VAT Rate on Masks and Other Products for COVID-19
- Sanctions for exports to Russia and Belarus
- 5% VAT on the gas and electricity subscription
- Tax regimes and declarative and accounting obligations – Declarative obligations and formalities – Special obligations and formalities – Measures…
- Scope and territoriality – Operations exempted under the domestic regime – General utility organizations – Philosophical, religious, political, patriotic, civic…
- 5% rate applies to subscription-based distribution networks of electricity, combustible natural gas, and heat energy
- VAT relief measures in response to war in Ukraine
- Case: Refusal to deduct input tax from deliveries of scrap gold; Requirements for the taxpayer to “need to know” about someone else’s “VAT fraud”
- Monthly updated overview of VAT exchange rates for 2022
- VAT liability for swimming lessons
- VAT measures to support those harmed by the war in Ukraine
- Margin taxation of works of art
- Provision of meals in a staff canteen as a supply of service
- Contractual grants to sports clubs are not necessarily subject to VAT
- Reduced VAT rate for electronic media products and for access to electronic databases containing such products
- Implementation SAF-T still in 2022 or early 2023
- VAT changes from 2022: Pre-filled VAT return repealed, extension of reverse-charge, ….
- Flat-rate scheme 2022 for VAT numbers: Complete guide
- Italy makes recent changes to cooperative compliance tax regime
- Reverse charge for the installation of electric signs
- Latvian Parliament considers Bill to reduce the VAT rate of Petroleum to 12% until December 31, 2022
- Possibilities to optimize your Dutch VAT if you are in B2B trade
- Sales via internet platform to private individuals in EU in NL taxed with VAT
- No VAT deduction for construction costs terraced house with solar panels
- Higher incomes in particular benefit from low VAT and excise duties
- Vacancy not regarded as a period in which a holiday home is available for private purposes
- Dive into the world of NFTs
- Decree deduction of VAT updated
- No VAT exemption for participants in Bulgarian start-ups
- Home belongs to business assets, VAT for private use of partners
- Draft Bill: Implementation Directive on Exchange of Information on Income Generated through Digital Platforms (DAC7)
- Dwelling belongs to business assets, VAT due for private use by partners
- Post-calculation of outgoing VAT on entrance fee / cover charge
- Reverse settlement when importing services. The question of whether the business condition was met, and whether there was a right to a deduction for input VAT.
- Post-calculation of outgoing VAT: Questions about reducing turnover and outgoing VAT when using credit notes.
- European Commission agreed for the mandatory e-invoice in Poland
- New template of the VAT registration form
- Council Implementing Decision approved to allow Poland for mandatory B2B Invoicing starting from April 1, 2023
- Poland Will Make B2B Electronic Invoicing Mandatory
- Poland greenlight from EC for mandatory B2B e-invoicing Jan 2023
- Poland SAF-T JPK_VAT updates
- Taxpayers taxed in the form of a lump sum on recorded revenues are required to keep a record of revenues
- Supreme Administrative Court: The definition of motor fuels is irrelevant after the CJEU judgment
- How to determine whether the value of a shipment is eligible for settlement under the IOSS procedure
- New structure of electronic form for VAT invoices
- What should be considered when canceling an invoice?
- Negative consequences of not using the split payment method can be avoided by refunding and paying again
- Cryptocurrency brokerage is exempt from VAT
- VAT on gift certificates?
- FTA recommended procedure for paying VAT on electronic services by foreign companies
- Potential challenges in paying VAT on electronic services
- Invoice: purpose and rules
- Jewellery prices may rise by 50% due to the abolition of special tax regimes
- Russia lowers VAT for hotels to zero
- VAT refund period will be reduced from a month to 11 working days
- Backup of disposable packaging from the point of view of accounting and VAT – Part 2
- Slovakia bank account Whitelist has been published
- Royal decree: Reduced VAT rate on electricity due to Russia-Ukraine war
- Who is the subject of the new fiscalization system in Spain and what is the main requirement of it?
- Mandatory Spanish e-invoicing on the horizon
- Spain’s National Court challenges the deductibility of intragroup services in the absence of a written contract
- Landmark VAT case: Johnson Matthey PLC, the global leader in platinum metal recycling
- Don’t forget to reclaim your Swiss VAT
- Reminder to claim VAT refund for 2021 before June 2022 deadline
- Digital economy taxation in Turkey and the Gulf Cooperation Council (GCC)
- Turkey Adjusts VAT Rates on Various Supplies from April 2022
- New tax bill: Exemption on construction services, manufacturing electric motor vehicles, …
- Digital Services Tax (DST) – New precedential court victories released!
- Turkey Amends VAT Rate for Certain Goods and Services
- VAT on cleaning products to be lowered to 8 percent
- Turkey further VAT cuts
- How are tax liabilities and tax credits declared in VAT tax reporting during martial law?
- The “single” non-payer of VAT plans to engage in foreign economic activity: what about VAT?
- How to declare tax liability and tax credit during the war: a reminder from the State Tax Service
- How can VAT payers fill in Annex 1 for unconfirmed software and PCs?
- Ukraine VAT and other tax easements following Russian invasion
- USTR announces 232 tariff agreement with the United Kingdom, reinstates some China Section 301 product exclusions
- UK 20% tourism & hospitality VAT rate returns 1st Apr 2022
- HMRC Guidance: UK trade agreements with non-EU countries
- HMRC Guidance: Compliance checks: penalties for VAT and excise wrongdoing – CC/FS12
- Hippodrome Casino: floorspace-based override appropriate for casino – FTT
- HMRC Guidance: Check if you need to notify HMRC about an uncertain tax treatment
- VAT on transactions between associated businesses: Back to basics part 2
- Government rejects calls to cut VAT at public electric car charge points
- VAT Notice updated for nursing agency concession
- Stallion nominations (the right to nominate a mare to be covered by a stallion in one breeding season) and the covering of mares is treated as ‘work carried out on…
- VAT on repairs, fuel and other motoring expenses
- HMRC release new 64-8 Agent Authorisation Form
- HMRC Policy paper: The Value Added Tax (Installation of Energy-Saving Materials) Order 2022
- HMRC Guidance: Examples of tests and calculations for Plastic Packaging Tax
- HMRC Guidance: Prepare for the second-hand motor vehicle export refund scheme
- FTT: Restriction of deduction of input tax under the “Kittel” or “Fini” principles
- HMRC internal manual VAT Registration
MIDDLE EAST
- Digital economy taxation in Turkey and the Gulf Cooperation Council (GCC)
- GCC Indirect Tax Digest – 31 March 2022
- Guide to VAT Implication on Residential Real Estate Sector in the UAE
- Guide to Commercial Activities Certificate under VAT in the UAE
