Sometimes, I’m feeling old. Not just when I played tennis for an hour, or when I get up in the morning an try to get my socks on. I mean, I normally feel young, and even though I’m nearly 50 years old, I can more or less do anything a younger person also can. And sometimes even better.
But I just found out that MTV exists for more than 40 years. The first broadcast was on 1 August 1981. And believe it or not: MTV used to actually play music videos.
Check out the first two hours of MTV HERE
Actually, MTV’s first broadcast in the USA was in 1981. In Europe, MTV started 6 years later, in 1987. And it was a big thing at the time. It changed the way that whole generation enjoyed music, from listening to the songs to watching the videoclips.
In a way, that’s also what’s happening with VAT. The VAT rules exists for ages, but meanwhile, the world goes round and round. With new technological developments and business opportunities every day. We may have said so before, but the old VAT rules don’t always match the current trends and developments anymore.
And a whole new generation of VAT people grew up, without even knowing that there were no intra-Community supplies before 1993. A lot has changed in the past years. It was not that long ago that we didn’t have electronically supplied services. Or a Tax Control Framework. Or tax engines. VAT people just had to invent and do everything by themselves, in those old days.
In a way, all of us are still doing the same every day. Every situation is new and different. We can use the interpretations of others, such as the ECJ, and we can discuss with peers. But silently, we all like it that VAT grows along with all the latest trends in the world. Perhaps that’s what is keeping me young!
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
- Can unprecedented tax uncertainty lead to unprecedented collaboration?
- Peppol, the Four-Corner model and Continuous Transactions Controls
- The Advantage of Accuracy and Compliance for Marketplace Operators
- Did you know? VAT was invented in France
- PE Watch – Latest developments and trends, May 2022
- E-Book – SAF-T: An Introduction to the International Standard
- VAT Talks – Aiki Kuldkepp
- How many countries have VAT or GST regimes?
- More than 40,000 newsitems on www.vatupdate.com – HOW TO SEARCH?
- What is GST (And Which Countries Have It)?
WEBINARS / EVENTS
- Less Grey Webinar: One Stop Shop (May 18)
- Sovos webinar: VAT Snapshot: Navigating Global CTC Requirements (May 25)
MIDDLE EAST
- How does the proposed tax group regime for CIT purposes in the UAE compare to the VAT grouping?
- Abu Dhabi General Administration of Customs launches advance ruling tool for classification and rules of origin
- Don’t lose your VAT refund
AFRICA
- PwC: Africa Growing To Impose VAT On Foreign Digital Transactions
- VAT in Africa Guide 2022
- Africa Survived COVID-19 Due To Aggressive VAT Implementation – PwC
- Binding General Ruling BGR 21: Address to be reflected on a tax invoice, credit and debit note
- The evolution of value-added tax on electronic services
- Binding ruling about value of a supply of services
AMERICAS
- VAT Policy#42 : VAT & Sugarcane and Raw Brown Sugar (Revised March 15, 2022)
- VAT Policy#44 : VAT & Peas & Beans (Revised March 17, 2022)
- VAT Policy#38 : VAT & Cheese (Revised March 21, 2022)
- Mexico adds to approved non-resident VAT registered digital service providers list
- Mexico Gazettes List of VAT Registered Nonresident Digital Service Providers
- Requirement to include consignment note complement with electronic invoices
- Tool for validation of electronic invoices data
- Mexico Provides Tax Benefits for Primary Sector Activities in 2022
- United States suspends tariffs on Ukrainian steel
- Connecticut Online Learning Rendered Nontaxable
- New Florida Bill Has Sweeping Sales Tax Ramifications
- Kansas Axes Sales Tax on Food
- Washington: Electronic Integrated Service Offering is Deemed a Taxable Digital Automated Service
- Maryland: Proposed Rules Reflect Taxation of Digital Products Under Legislation Enacted in 2021
- What triggers a sales tax audit and how do you reduce the risks?
- Colorado DOR Explains Imposition and Application of New Retail Delivery Fee as July 1
- 5 Crucial Pieces of Your Sales Tax Compliance Filing Process
- Cryptocurrency and sales tax: what retailers should know
- US sanctions: Expansion against Russian industries
- Kentucky Enacts Tax Amnesty Program, Expands Sales and Use Tax, and Updates IRC Conformity
- USA – E-Invoicing Market Pilot Update
- 2022 Sales Tax Nexus and Economic Nexus: Everything You Need to Know
- Maine—Sales and Use Tax: Refund May Be Issued for Battery Energy Storage Systems
- Connecticut—Sales and Use Tax: Tax Offset Authorized for Certain Aerospace Manufacturing…
- Is Chicago Getting A Services Sales Tax?
- What’s new: state sales and use taxes
- Washington State to Tax NFTs
- How do you tax NFTs? States are in a quandary.
ASIA-PACIFIC
- ATO turns screws on SMSF property developers avoiding GST
- ATO: Help your clients to rectify GST fraud
- Five key questions about e-Invoicing in Australia
- ‘You are not anonymous’: Tax office goes after 40,000 people in $850 million scam
- VAT exemption on paper imports in Azerbaijan to increase economic sustainability of print media
- List of paper and book products, the import of which is exempt from VAT, has been approved
- VAT intelligence detects company hiding sales of Tk70.47C
- NBR for auditing big techs’ local VAT returns
- China’s Cabinet announced relief measures for SMEs and a VAT exemption for delivery services due to COVID-19
- Doing Business in China 2022
- China’s VAT credit refunds exceed 800 bln yuan in April
- Tax, fee cuts put enterprises in stronger position
- Daily GST Updates – May 14, 2022
- Govt may impose reverse charge on foreign crypto trade
- Liquidated damages does not attract Service Tax: CESTAT Hyderabad
- Key Highlights Of GST Notification And Clarification Circulars In April 2022
- Non-commercial construction in education institutions to draw less GST
- GST Compendium: May 2022
- Crypto industry seeks clarity on GST
- No proposal of 28% GST on crypto services, sources say
- IAMAI urges govt not to hike GST on online skill-based gaming sector
- Technical glitches in GST portal leave dealers worried
- CESTAT set asides Denial to avail CENVAT Credit on Service Tax paid during GST regime under Reverse Charge Mechanism
- GSTN introduced 6% slab on certain goods on the GST portal to include in GSTR-1
- IAMAI urges govt not to hike GST on online skill-based gaming sector
- Purchase of under-construction real estate
- GST net on crypto may expand to include their sale, purchase
- HC verdict on GST on under-construction flats to reduce tax outgo for buyers: Experts
- GST Council mulling 28% tax on Bitcoin, other cryptocurrencies
- A2ZTaxCorp’s Weekly GST Communique dated May 09, 2022
- Reimbursement of Salary based on Cost to Cost without any Profit element cannot attract TDS Liability u/s 195:…
- Bombay High Court allows Correction of GST TRAN-1 & TRAN-2 Manually
- Cryptocurrencies may soon attract 28% GST like betting and casinos in India
- Regulations governing VAT and income tax treatment of cryptoasset trading issued
- Indonesia Revises Regulations for VAT on Digital Goods and Services
- Indonesia Revises Regulations for VAT on Digital Goods and Services
- Insurance sector adjusts to VAT imposed on services of agents and brokers
- Indonesia Updates Guidelines for VAT on Import of Digital Goods and Services
- Tax Corporate Governance Framework introduced
- Would the goods and services tax (GST) have helped?
- Malaysia Issues New Tax Audit Frameworks Including Reduced Penalties
- Malaysian Automotive Association asking to extend SST exemption to end 2022 to fulfil backlog orders
- Vietnam goes to single VAT rate
- Ministry proposes VAT on fertiliser
- Vietnam will raise special consumption tax on cigarettes, beer, and spirits
- Paper Invoices are to be Replaced by Electronic Ones
EUROPE
- Bulgaria, Ireland, and Sweden are currently holding public consultations on digital value-added tax reporting and e-invoicing
- Eastern European Jurisdictions: CTC update
- Call for level playing field on legal services VAT
- Overview of Current EU Sanctions on Russia and Challenges Ahead
- Commission to establish Solidarity Lanes to help Ukraine export agricultural goods
- Eastern European Jurisdictions: CTC update
- Flashback on ECJ Cases – C-204/13 (Malburg) – VAT due on transfer of clientele is not deductible
- Flashback on ECJ Cases (Customs) – C-294/14 (ADM Hamburg) – Preferrential Origin – Consignments of crude palm kernel oil may be recognised
- Flashback on ECJ Cases – C-82/14 (Nuova Invincibile) – EU law requires Member States to take all…
- ECJ C-235/21 (RAIFFEISEN LEASING) – AG Opinion – A written contract may exceptionally be regarded as an invoice
- ECJ C-250/21 (O. Fundusz lnwestycyjny zamknięty reprezentowany przez O) – AG Opinion – Exemption for the granting of credits apply does not apply to sub-participation agreements
- ECJ C-714/20 (U.I.) – Judgment – Indirect customs representative is only liable for the customs duties, not for VAT
- ECJ C-627/21 (Administraţia Judeţeană a Finanţelor Publice Sibiu … )- Order – Right to deduct VAT…
- ECJ Customs C-809/21 (Nokia Solutions and Networks) – Question – Infringement of EU Law Related to Post-Importation Customs Declaration
- Flashback on ECJ Cases – C-653/11 (Newey) – Contractual provisions are not decisive when…
- ECJ on the payment of interest on customs refunds
- Flashback on ECJ Cases – C-550/14 (Envirotec Denmark) – Art. 198(2) applies to of ingots resulting from an…
- Flashback on ECJ Cases – C-123/14 (Itales) – Deduction of VAT even if buyer has not proved the origin of the…
- Comments on ECJ C-637/10 – City Card constitutes a multi-purpose voucher for VAT purposes
- Comments on ECJ C-235/21: Written agreement can serve as an invoice according to AG CJEU
- ECJ C-288/22 Administration de l’Enregistrement, des Domaines and de la TVA (LU)
- Agenda of the ECJ VAT cases – 1 (yes 1) case announced on June 2, 2022
- ECJ: VAT treatment of city-card for tourists as multi-purpose voucher
- Comments on ECJ C-218/21: Low VAT rate for repair and renovation services for elevators in…
- Comments on ECJ C-605/20: Repairs of Goods in the Warranty Period: the missing VAT Warranty
- Comments on ECJ C-218/21: Reduced rate for the repair, no reduced rate for the maintenance of…
- ECJ (Non-VAT): Cumulation of administrative and criminal sanctions
- ECJ (non-VAT): An obligation to provide information for the purpose of levying tourist tax falls within the field of ‘taxation’
- Comments on ECJ C-228/20: AT exemption for private hospital that is not governed by public law and has no…
- Comments on ECJ C-696/20: Acquisition already taxed due to incorrect designation in chain transaction
- Comments on ECJ C-333/20: Reaffirmation on the scope and concept of the “fixed establishment”
- Airbnb Ireland (C-674/20): CJEU rules electronic platform operators’ reporting obligations do not…
- EU VAT Directive 2006/112/EC explained: Art. 11 – VAT Grouping
- VAT on margin – works council decision concerning the ICADE PROMOTION case (ECJ C-299/20)
- Roadtrip through ECJ VAT Cases – Focus on ”Fight against Fraud”
- SAPbusiness one: Intrastat Configuration
- European Commission announces its plan to regulate tax advice in the EU
- VAT in the digital age – Business Europe reply to the public consultation
- VAT modernisation: the Continuous Transaction Control challenge
- EU reconsiders Financial Services VAT exemption – 2023 proposals at risk with inflation surge
- Trends in VAT Audits – Increased Interest From the EU
- Single VAT Registration Roundtable on 1 June (Brussels)
- Group on the future of VAT tackles VAT in the digital age
- Trends in VAT Audits – Increased Interest From the EU
- EU VAT Directive 2006/112/EC explained: Art. 226 – Content of an invoice
- 9th International VAT Conference 2022
- EU platform economy issues on full liability model – VAT in the Digital Age
- IVA 2022 Spring Conference on May 12 & 13 in Edinburgh, Scotland
- European Parliament Approves Proposed Extension of VAT Reverse Charge and Quick Reaction Mechanisms
- Group of the Future of VAT – 38th meeting on May 6, 2022
- European Parliament Approves Proposed Extension of VAT Reverse Charge and Quick Reaction Mechanisms
- Member States losing veto right over European tax measures?
- CFE: Opinion Statement FC 3/2022 on the EU Commission VAT in the Digital Age Consultation
- Accumulation of sanctions subject to conditions not contrary to EU law
- EU imposes sanctions in response to war in Ukraine
- All You Need to Know About Intrastat Declaration
- Reduced VAT rates, distortions of competition and greener taxation
- European Council confirms that VAT is due on online events in the country of the consumer
- Legal certainty prevails even if position of the Tax Authorities was contra legem
- 6% VAT on demolition and reconstruction by the same person, non-discriminatory
- Circular 2022/C/46 on partnerships between healthcare institutions
- VAT return for September/Q3 2022 is extended to 25 October 2022
- A thinking exercise by the High Council of Finance proposes to increase the VAT rate to 22%
- Belgian Circular on Reduced VAT Rate For Demolition and Reconstruction of Housing
- FISCONET plus again offers you the possibility to create a personal space to collect your alerts and list of documents
- Internationally active? Fiscal gets 10 years, no more!
- VAT treatment of fuel cards, interest on retained VAT deductions
- VAT on payments from the group to offset the profitability of Czech companies
- Changes of VAT rules on travel services
- A new tax code on goods and services (CIBS)
- Tax base – Rules applicable to all taxable transactions
- Tax base – Rules applicable to all taxable transactions – Miscellaneous costs included in the tax base
- Tax base – Rules applicable to all taxable transactions – Subsidies and allowances
- Sectoral regimes – Travel agencies and organization of tourist circuits
- Tax base – Rules applicable to all taxable transactions – Miscellaneous items excluded from the tax base
- Tax base – Rules applicable to all taxable transactions – Volume and target bonuses, aid for waste disposal
- Government releases Administrative Doctrine on VAT exemptions
- BFH on VAT liability for sports clubs
- Proposal on implementation of Extended Producer Responsibility regime for single-use plastic items
- Germany MOF Releases Court Decision Clarifying VAT Deduction Rules for Input Services
- E-Invoicing: DStV demands data security when transmitting EU registration data
- Germany – April 2022: Country-specific updates
- Greece introduces new electronic services for electronic document transmission to the tax authorities
- Bank of Greece recommends anti-fraud VAT measures
- VAT deduction in additions and improvements of property for rent less than 9 years
- How to protect your business from becoming involved in VAT fraud
- Revenue eBrief No. 109/22 of13 May 2022 VAT – Postponed Accounting
- Customs Manual On Valuation
- Taxing Cryptocurrencies In Ireland
- Ireland Extends Reduced VAT Rate for VAT for Hospitality and Tourism Through February 2023
- All you to know about VAT Grouping in Ireland
- Ireland extends again hospitality and tourism 9% VAT to Feb 2023 as inflation rises
- Minister Donohoe announces extension of 9% VAT rate for the tourism and hospitality sectors
- Ireland – April 2022 Country-specific update
- Retaining 9pc VAT rate ‘would cost State €500m’
- Standard rate for litter boxes consisting of pellet cylinders obtained from recycled waste paper, intended for cats and small pets
- We will abolish IRAP and simplify VAT and IRES
- The Italian VAT regime on the leasing and chartering of pleasure vessels
- Electronic Invoicing Scope Officially Expanded
- Non-deductible VAT for the professional who renovates the leased property
- Ruling 261: First home purchase under 36 with 4% VAT
- Sale of a building under construction: VAT aspects
- VAT refunds to non-residents established if requested by the tax representative to whom the customs bills are made out
- A new group of taxpayers will be brought into the scope of e-invoicing
- Ruling no. 212: Sums agreed under settlement agreements are subject to VAT when they are paid as consideration for the supply of goods or services
- Limits to VAT exemption for on-board supplies
- VAT fraud and denial of deductibility: the importance of the taxpayer’s good faith
- Italy SdI e-invoicing: July 2022 major changes
- Guidance about VAT for services
- Latvian Prime Minister skeptical about reducing VAT rate for certain goods now
- Moldova Further Extends 6% Reduced VAT Rate for Accommodation and Restaurant Services
- Moldova extends again cut in hospitality VAT rate to June 2022
- Montenegro adopted the amendments to the Law on VAT and Law on Excise Taxes regarding tax reductions!
- Montenegro adopted the amendments to the Law on VAT and Law on Excise Taxes regarding tax reductions!
- Draft Law on Amendments to the Law on Value Added Tax
- Answers to parliamentary questions about the VAT rate on public transport
- Intrastat – Statistical declaration for B2C distance sales using OSS scheme
- Answers to parliamentary questions about lowering VAT on fruit and vegetables
- MoF reply letter about VAT on live streaming of performances and concerts
- VAT rate on live streaming performances and concerts
- Introducing zero VAT rate on fruit and vegetables in the short term not possible
- Higher education for the elderly falls under VAT nomination exemption
- Monitoring border effects of excise duties and VAT
- Auction site VAT due at the time of issue coupon
- Monitoring border effects of excise duties and VAT
- The VAT umbrella exemption clear after inventive interest procedure
- Can the flat rate (VAT) be automatically updated? (municipalities)
- Higher education for the elderly is covered by VAT exemption
- VAT due upon acceptance of winning bid auction
- Bill on VAT zero rate solar panels
- No input tax deduction for invoices related to fictitious activities
- Full compensation of VAT on the construction of sports facilities in 2022
- Reporting scheme import low value goods: Abolition of the temporary declaration exemption
- Norway to remove VAT exemption for pricey electric cars
- VAT exemption for electric cars is replaced by a subsidy scheme
- Norway scraps EV VAT Exemption
- Norway VAT Guide for Businesses
- Norway has proposed to introduce VAT on all type of intangible services not explicitly exempt for VAT
- Deduction for input VAT on costs for the rehabilitation of a parking garage
- Rental of residential real estate to local governments without VAT
- VAT can be deducted from leasing fees
- Companies are getting ready for electronic invoicing
- Sejm passed an amendment to the VAT act exempting from this tax the import of goods by the armed forces of EU countries
- Taxation of the rental service along with the supply of electricity, which VAT rate to apply?
- Deadline for notification about payments to accounts outside whitelist of VAT taxpayers will…
- Romania has once again given up its bid to join the Eurozone
- Fiscalization in Romania
- The new implementation for Romanian taxpayers on ANAF website
- Palm oil fractions are excluded from the list of food products subject to VAT at a rate of 10%
- Invoice issued later than expected is not an obstacle for VAT deduction
- Cabinet deprives palm oil fraction of VAT benefits
- How to confirm the zero VAT rate for freight forwarding services
- Ministry of Finance did not support the proposal to abolish VAT on books
- Russia Tax Agency Clarifies VAT Exemption on Intellectual Property Rights Transfers
- Russia Reduces Key Interest Rate to 14% Impacting Controlled Debt Rules and Interest Penalties
- Fiscalization Essentials: Slovakia
- Slovakia CTC implementation phase postponed
- In Slovakia, e-Invoice implementation period has been postponed
- Application of the reduced 10% VAT rate to electricity consumption is extended until June…
- Specific VAT regime for the organising entity, teams or players related to the hosting of the UEFA Europa…
- Why the plastic bag tax should be abolished / report: Crappy plastic tax
- Swedish tax authority has started work on three different types of reporting(E-Invoicing, RTR, SAF-T)
- VAT analysis of tokenized commodities trading
- Swiss Federal Council Approves Draft Bill for Federal Tonnage Tax
- VAT changes: renewal of registration of PN and RK, in-house inspections and share of reimbursement
- Ukraine Parliament Considers Bill to Exempt VAT, Excise Tax on Specific Products Due to War
- Restoration of mandatory registration of PN and responsibility for non-payment of taxes during the war: the law was passed
- Resumption of Compulsory Registration, Reporting, and Payment of Taxes: Committee Recommends Bill
- UEEB switches to gas trading without VAT from June
- Does the charitable assistance affect the VAT registration amount?
- Renewal of VAT registration and VAT refund: new details
- HMRC Guidance: VAT and overseas goods sold to customers in the UK using online marketplaces
- HMRC Guidance: VAT and overseas goods sold directly to customers in the UK
- HMRC Policy paper: Revenue and Customs brief 8 (2022): Single DIY Claim — First-tier Tribunal Andrew Ellis and Jane Bromley
- Indirect effects: the fly in the flapjack?
- A shopping basket full of concerns about an Online Sales Tax
- VAT penalties and interest from 2023
- Zero VAT rate to help with saving energy
- Supreme Court ruling blocks £1 billion VAT claim
- HMRC Guidance: Complete your VAT Return to account for import VAT
- 5 Common Sales Tax mistakes that can put you at risk for non-compliance
- UK delays import checks on EU products
- The importance of due diligence. The 50 Five (UK) Limited case
- FTT: Whether fees paid to the scheme administrator of SIPP pension consideration for an exempt supply of insurance
- FTT: Insurance intermediary exemption – whether services supplied by associated company were within that exemption
- FTT: Appeal withdrawn – subsequent claim made for recovery of VAT, including periods included in…
- UK VAT And Fintech – Partial Exemption And What It Means For You
- VAT: Global Accounting simplification
- UK music industry braces for VAT increase on concert tickets
- HMRC Guidance: Additional duties on goods originating in Russia and Belarus
- UK VAT And Fintech – Partial Exemption And What It Means For You
- New VAT charge on termination of a car leasing contracts
- UK – April 2022 Country-specific updates
- Small scale fuel distributor battling to get fuel levy refund
