Hello and welcome to this week’s VATupdate Newsletter. It’s full of VAT news again. For some people that’s a joy, for others it may be less exiting. Although we cannot imagine that.
Want to know more about your personality? Check it out HERE.
We believe that people with the same hobby or profession, must have something in common. Similar to people sharing a favourite colour or taste, we just happen to like VAT. And even with all our other differences, it’s that what links us all together.
Scientists have developed many different ways to test people and classify them into different personalities, colours, or peer-groups. Which is very handy if you’re looking to find that one special person to fit that position in your company or team.
I have done many different management training courses and personality tests, and they give more or less the same result. But when I was 14 and I did check my astrological signs to find out if that pretty girls in my class was also in love with me, that test also gave the same result. In other words: a test can give you some guidance, but I would take it with a grain of salt (which is a Dutch saying for: don’t just believe what it says!)
Just know that whoever you are and whatever you do: we share your enthusiasm for VAT!
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 Belgium, Hungary, the Netherlands and United kingdom
- Job opportunities in the Netherlands, Sweden and United Kingdom
- Job opportunities in Belgium, Finland, Portugal and United Kingdom
- Job opportunities in Czech Republic, Hungary, the Netherlands and United Kingdom
- Job opportunities in Belgium, Hungary, Poland and United States
- These are the E-Invoicing developments of week 21/2022 (May 21-28, 2022)
- The growing influence of indirect tax on procurement
- Customs Duty Refunds on Transfer-Pricing Adjustments
- Taxchats – Taxing Robots (Rita de la Feria)
- Customs valuation: what it is and why businesses should care about it?
- The Effect of Inflation on VAT Rates
- Latest Updates on Global Tax Compliance: E-Invoicing
- Vertex and Aria
- Vertex and Zuora
- To avoid risks, MNEs are urged to standardize VAT reporting
- 3 Reasons for Automated Sales Tax Compliance
- A next generation model for Electronic Tax Reporting and Invoicing
- E-Invoicing & Digital reporting obligations per July 1, 2022, are you ready?
- Global Tax Technology Report 2022: Summary of the e-Invoice and e-Tax obligations as well as technical outlines…
- SNI Series: 5 Questions about E-Invoicing ….
WEBINARS / EVENTS
- Sovos webinar: VAT Reporting and SAF-T: Current Trends and Initiatives (June 15)
- 9th International VAT Conference 2022 (June 2 and 3)
- Sovos webinar: VAT Snapshot: Navigating Global CTC Requirements (May 25)
MIDDLE EAST
- ZATCA announced legislative pieces on e-invoicing for public consultation
- Saudi tax authorities (ZATCA) announced the launch of the E-Invoicing Developer Portal (Sandbox)
- Saudi Arabia will eventually consider reducing VAT – Finance Minister
- Al-Jadaan: Saudi Arabia will ‘ultimately’ consider cutting VAT
- Publication of the UAE Control List for Dual-Use Items
- VAT Return and Excise Tax Return Filing Deadlines
AFRICA
- As of July 1, B2C e-Receipt obligation will begin in Egypt!
- Finance Minister Suspends VAT on Imported Equipment, Machinery for Factories
- Uganda issues Tax Amendment Bills for 2022
- Uganda issues Tax Amendment Bills for 2022 (VAT measures)
- Tax Authority Requires Electronic Invoices/Receipts for Domestic Goods in Transit
AMERICAS
- South Dakota Administrative Guidance Addresses Taxation of Products Transferred Electronically
- Mississippi DOR Rescinds Proposed Rule Changes Involving Cloud Computing
- Massachusetts DOR Issues Release on Right to Apportion Tax Based on Where Software is Used
- Louisiana: Proposed Rule Addresses Sales and Use Tax Commission for Remote Sellers’ VDA Program
- Important Distinctions Between Collecting And Remitting Sales Tax For New Business Owners
- Washington Rules that Sales Tax Applies to Online Account Access Services
- US launches Indo Pacific Economic Framework for Prosperity
- Ranking Sales Taxes on the 2022 State Business Tax Climate Index
- Federal Court Tosses Constitutional Challenge of Louisiana’s Sales Tax System Lack of Jurisdiction
- Multi-channel selling sales tax: Direct/retail sales
- Colorado: Exemption for Tiny Homes Enacted
- Washington Rules that Sales Tax Applies to Online Account Access Services
- Iowa Legislature approves sales tax exemption for tampons, diapers
- What You Must Know About Sales Tax if You Have Customers in the United States?
- How Do You Calculate Sales Tax if You’re a Remote Seller? US Sales Tax Thresholds
- Nebraska: Department Updates Guidance on Taxability of Auction Sales
- Uruguay extends reduced VAT rate for tourism sector
- Uruguay Extends VAT Rate Reduction for Tourism Sector
ASIA PACIFIC
- Shenzhen Introduces Collaborative Mechanism for Customs and Tax Transfer Pricing on Imports
- Extension of the policy for refunding excess input VAT credits to more industries
- Daily GST Updates – May 28, 2022
- Daily GST Updates – May 27, 2022
- India delays GST filings and payment
- Compliances for E-commerce Operators & Participants under GST & Income Tax
- GST / Customs Duty Recovery from Companies undergoing Liquidation: CBIC issues SOP for NCLT…
- GST Return: CBIC waives GSTR-4 Late Fee
- Daily GST Updates – May 25, 2022
- No Compulsory Recovery of GST Dues during Search & Investigation
- India puts GST rate tweaks on hold till it has a grip on inflation
- No GST payable by Indian importer on reverse charge on ocean freight paid by foreign seller
- Supreme Court Confirms Service Tax On Secondments To Indian Entity From Overseas Group Entities, May Lead To Disputes Under GST
- ‘Rusk’ cannot be classified as ‘Bread’, No VAT Exemption: Meghalaya HC
- The New Rule for GST by the Supreme Court?
- Finance Minister Discusses Fraud GST Refunds With Chartered Accountants Delegation
- Illegal Detention of Chartered Accountants in GST Refund Fraud Case: 2 GST Officers Suspended
- CENVAT Credit available on Construction/Works Contract Service for Re-carpeting of Road in Industrial Estate: CESTAT
- CESTAT upholds Penalty on Importer of Ship Breaking Vessels for Sale of Gas Cylinder without Scrapping
- Daily GST Updates – May 24, 2022
- A2ZTaxCorp’s Weekly GST Communique dated May 23, 2022
- SAP S/4HANA – Treasury and Risk Management – India (TRM) – Customizing for GST
- Apex court’s GST ruling gives more flexibility to states
- Centre, States are conferred equal power to legislate on GST, says SC
- GST Council likely to modify monthly tax payment form for ITC clarity
- Taxpayers can now claim refund of IGST on ocean freight, say Experts
- Daily GST Updates – May 23, 2022
- Fiscal consolidation plan includes repealing VAT exemptions
- Proving VAT zero-rating on local purchases of IPA-registered export enterprises
EUROPE
- Flashback on ECJ Cases C-80/95 (Harnas & Helm) – The mere acquisition of ownership in and the holding of bonds is not an economic activity
- Flashback on ECJ Cases C-142/99 (Floridienne and Berginvest) – Dividends paid by subsidiaries to their holding company to be excluded from the denominator…
- Flashback on ECJ Cases C-155/94 (Wellcome Trust Ltd) – Purchase and sale of shares and other securities by a trustee in the course of the management of the assets of a charitable trust is not an economic activity
- Flashback on ECJ Cases C-678/13 (Commission vs. Poland) – Application of a reduced VAT rate on medical equipment, aids and other devices as well as on pharmaceutical products
- Flashback on ECJ Cases – C-639/13 (Commission v Poland) – Items intended for fire protection…
- Comments on ECJ C-714/20: Indirect Customs Representative: No Joint and Several…
- Flashback on ECJ Cases – C-283/06 & C-312/06 (KÖGÁZ and Others) – EU Directive allows the enforcement of a tax levy with characteristics such as those of a local business tax
- ECJ – Formal vs. material requirements of the Right to deduct VAT
- ECJ: AG Opinion on Case No. C-487/20 (Philips City SRL)- Legislation on the Right to Deduct VAT and compensation of the excess VAT
- European Commission closes Infringement Procedure against Lithuania regarding transposition of VAT E-Commerce Package
- Flashback on ECJ Cases (Customs) – C-80/15 (Robert Fuchs) – Remunerated flights for helicopter flight…
- Flashback on ECJ Cases – C-144/14 (Cabinet Medical Veterinar Dr. Tomoiagă Andrei) – Member States are…
- Flashback on ECJ Cases – C-161/14 (Commission v United Kingdom) – UK reduced rate VAT for energy-efficient materials infringes VAT Directive
- Flashback on ECJ Cases – C-22/15 (Commission v Netherlands) – No exemption for the rental of moorings and storage places for vessels to members of water sports associations
- ECJ C-314/22 Consortium Remi Group vs BG (new questions, but no details yet)
- Flashback on ECJ Cases – C-97/06 (Navicon) – Exemption for both total charter and partial charter of ships for navigation on the high seas
- ECJ C-146/22 (Dyrektor Krajowej Informacji Skarbowej) – Questions – VAT rate of ‘Classic Hot…
- Comments on ECJ C-235/21: Contract regarded as a VAT invoice?
- Comments on ECJ C-250/21 : AG Opinion – Credit exception does not apply to sub-participation…
- Roadtrip though ECJ Cases – Focus on “Liability to pay VAT upon Importation” (Art. 201)
- Comments on ECJ C-333/20: No fixed establishment through subsidiary providing marketing and representation services
- Agenda of the ECJ VAT cases – 1 Decision and 1 AG Opinion in June 2022
- Comments on ECJ Customs C-489/20: No extinguishment of import VAT and excise duties upon…
- Comments on ECJ C-714/20: Indirect customs representative not jointly and severally liable for import VAT
- Comments on ECJ C-637/20: European Court judgment regarding VAT treatment of vouchers
- EU VAT triangulation simplification
- European Commission Notes Success of New EU VAT Rules for E-Commerce
- Council of the European Union Approves One-Year Suspension of Duties on Imports from Ukraine
- City card as a multi-purpose voucher C-637/20 (DSAB Destination Stockholm)
- Joint defence operations of the Union and NATO: modification of VAT and excise duty
- Indirect Customs Representative: No Joint and Several Liability for Import VAT
- WU GTPC — Additional VAT Questionnaire
- VAT position of a holding company in the EU
- EU VAT Directive 2006/112/EC – Official Updated version published as effective as of April 5, 2022
- DAC7 adds reporting obligations for EU digital platform operators
- Common Triggers of a VAT Audit
- DAC7 adds reporting obligations for EU digital platform operators
- VAT TV – VAT in the Digital Age update
- The Costly Stalemate of EU VAT Harmonization
- European Commission Announces Successful VAT Revenue Figures After the First 6 Months of Application of the E-Commerce Package
- VAT after Brexit: VAT recovery by British companies in the European Union after Brexit.
- IOSS simply explained: The Import One Stop Shop
- New EU VAT rules for e-commerce: In first 6 months, €6.8 billion extra revenues!!
- Provisional agreement reached on EU single window which will make customs clearance easier and faster
- Distance selling in the EU: how to do it right
- Mandatory B2B E-Invoicing in Belgium … what we heard ….
- Belgium may implement mandatory B2B E-Invoicing via Peppol … but what is Peppol?
- Evidence unlawfully obtained during a visit from the tax authorities is not necessarily excluded
- Deadline for submitting VAT returns for the third quarter of 2022 and for the month of September 2022 delayed
- Changes in the VAT Act for 2022
- Reporting due dates in Bulgaria – June 2022
- Public consultations in Bulgaria regarding mandatory e-invoicing in B2B transactions
- Bulgaria Anti-Crisis Package to Help Mitigate Effects of Inflation
- The government will ask the EU for an exemption from excise duties on electricity and natural gas
- Legislative proposals regarding interest surcharges for tax corrections, including for VAT
- Danish Government Reaches Agreement on 6% Cultural Contribution on Streaming Services
- Denmark Will Impose 6% Digital Streaming Services Levy
- Government Proposes to Apply VAT Zero-Rate to Certain Supplies to Ukrainian Refugees
- Finland VAT Guide
- End of transitional period for Import VAT changes in France
- The electronic invoice: a real turning point for Chartered Accountants
- France VAT Guide
- What is the procedure for challenging a decision to refuse a VAT refund claim?
- Reverse charge for other services in the field of telecommunications
- Input tax deduction of a shareholder from investment turnover
- Denial of input tax deduction in the case of third-party “VAT fraud
- Supply of meals in a company canteen
- Federal Fiscal Court: Doubts about the lawfulness of the apportionment requirement for supplies of accommodation services
- BFH: Doubts about the legality of the requirement for the allocation of accommodation sales
- Deadlines for EC Sales Lists irrelevant for VAT exemption of intra-Community supplies
- VAT for hotel overnight stays with breakfast and use of the spa
- Deadlines for EC Sales Lists irrelevant for VAT exemption of intra-Community supplies
- Germany VAT Guide
- Administrative codification of the VAT Code by AADE
- Future changes that are expected in Greece in terms of the interconnection of POS and cash registers and data transfer to Tax administration
- Government declares extension of special 9% VAT Rate for Tourism and Hotel Sector
- Irish Revenue Publishes New Guidance on VAT Treatment of Depositary Services…
- Revenue eBrief No. 113/22 – 23 May 2022 – VAT treatment of depositary services and global custody services
- Irish Revenue Publishes Updated Guidance on VAT Treatment of eGaming Services
- Revenue eBrief No. 112/22 of 21 May 2022: VAT Treatment of eGaming Services
- Reduction of excise taxes and VAT on energy/fuel until July 8, 2022
- Ruling 309/2022: Bad debts, terminated bankruptcy creditor
- Netflix pays $59 million to settle tax dispute in Italy
- Ruling 299/2022: Exemption of securities brokerage activities
- Ruling 300/2022: Termination/continuation of the VAT group due to reorganization
- Ruling 304/2022: Treatment of complex international transactions
- VAT on corporate welfare: deductible or not?
- Possible changes in the Italian receipt lottery
- Digital economy: Netflix Italian Dispute – the first audit that can lead to wider inspections in the UK and EU?
- Ruling 284: Transfer of thermal energy through energy service contract and district heating contract – Applicable VAT rate
- Ruling 285: VAT treatment of consulting services rendered to an Italian Ministry by…
- Luxembourg cuts VAT on fuel
- Temporary reduction of the excise duties of certain petroleum products
- Luxembourg Tax Authority revises MDR guidance
- Implementation of mandatory e-invoicing for public authorities in Luxembourg
- Luxembourg entities, renting out real estate located in another EU Member State, do their VAT obligations change?
- Two cases about TOGC and transfer of apartments
- Error message VAT identification number is incorrect
- Answer to parliamentary questions about VAT rate on solar panels
- Additional purchasing power measures for 2023 in August reviewed
- 0% VAT on fruit and vegetables?
- Reaction of the Committee on Legislation Proposals of the Dutch Association of Tax…
- Subscription to use a specific sailing yacht, no sports: 21% VAT
- Subscription to use a specific sailing yacht, no sports practice: 21% VAT due
- Tax measures announced in the Spring Memorandum: Temporary VAT rate and Excise Duty reductions for energy and fuel
- Netherlands VAT country guide
- Government pushes VAT exemption for Fruits and Vegetables
- Non-redeemed voucher auction site already VATable on receipt of the voucher
- Reduced VAT rate on live streaming not via policy decision
- Reduced sales tax rate for group satsangs, not for Vipassana retreats
- Extension of the scope of VAT to remotely delivered services
- Purchase of services from foreign subcontractors in the management of mutual funds
- Measures to increase the share of electric cars in the leasing market
- Is it possible to export IE599 goods and apply a 0% VAT rate?
- Backward settlement may falsify the value of the discount received
- Mandatory e-invoices are getting closer
- Selling for 1 PLN does not deprive you of the right to deduct VAT
- National e-invoicing system; contractual penalties for VAT withdrawal; VAT grouping provisions
- Voluntary e-invoice as of 1 January 2022
- Problems with issuing invoice packages at the KSEF – what if the system rejects the invoice?
- The new VAT-R form
- VAT rates on operations in the Azores and Madeira regions as taxable at the place of permanent establishment
- Portugal delays qualified electronic signature invoice format again
- Introduction of National e-Transport System
- Romania e-Invoicing – What is RO e-Factura Platform?
- Self-invoicing is not allowed in relation to local suppliers
- In Romania, importers and exporters must comply with RO e-Transport by July 2022
- Romania Makes E-Factura Electronic Invoicing System Mandatory for B2G Transactions
- 5 Major VAT Developments in Romania
- Five key questions about e-Invoicing in Romania
- What Businesses Need to Know About the Romanian E-Transport System
- Retail online store: we confirm zero VAT on exports
- Alrosa named the advantages of abolishing VAT on diamonds for Russians
- Ministry of Finance of the Russian Federation opposed the reduction of VAT on the import of sports equipment…
- Postponement of e-Invoicing implementation in Slovakia
- Guaranteed electronic invoicing (“e-invoice”) and sending invoice data to the financial administration
- E-invoicing obligations in the B2B and B2C areas are planned to come into effect from 1 January 2024
- VAT consequences of common cryptocurrency transactions
- How are NFT’s sales operations taxed?
- Spain assesses VAT on Non-fungible token as electronic service
- Tax Agency changes position on home office driven permanent establishments
- Sweden Publishes Laws to Implement 2022 Budget VAT Measures
- Switzerland is finally to receive a tonnage tax
- Electronic invoice in Switzerland: Where are we?
- Swiss Parliament to debate tonnage tax bill
- The full-fledged work of ERPN and VAT SER will be launched on May 27
- How are calculations with the budget on VAT in martial law?
- Should free fuel transfer transactions be subject to VAT?
- Government passes bill that would exempt certain products from VAT and excise duty due to the war
- VAT on Ukrainian audiobooks has been abolished in Ukraine: a law has been passed
- Reporting by digital platforms: 2024 start date confirmed
- HMRC policy regarding single VAT claims under the DIY Housebuilders Scheme
- UK outsources post-Brexit border checks to EU
- HMRC updates VAT fraud reporting requirements
- Trader Checklist – Moving to Customs Declaration Service
- Understanding the Plastic Packaging Tax
- HMRC Guidance: Electronic invoicing (VAT Notice 700/63)
- VAT groups: goods moved from GB to NI
- VAT treatment of passenger transport
- Free webinars to learn more about VAT
- HMRC Guidance: Domestic reverse charge procedure (VAT Notice 735)
- UK delays digital platform transaction reporting until 1 January 2024
- UK delays reporting rules for digital platforms
- United Kingdom VAT Guide
- FTT: Advertising costs had a direct and immediate link with taxable supplies
- HMRC Guidance – Apply to use simplified declarations for imports
- HMRC Guidance – Agent Update: issue 96
- Cumbria Chamber of Commerce respond to calls to lower VAT
- Top Luxury Group Urges Reversal to UK’s ‘Disastrous’ VAT Decision
- VAT on burial vaults – tribunal finds that death and taxes are not always inevitable
- Bad debt relief – This factsheet explains the situations where the VAT bad debt relief applies
- UK Introducing Reporting Rules for Digital Platforms from January 2024