The Netherlands is known for its tulips, cheese, and bicycles. Did you know that the Netherlands has more bikes than inhabitants?
Dutch bikes are unique. Find out more HERE.
If you’ve ever spent any time in the Netherlands, you probably realized pretty quickly that there are bikes EVERYWHERE. In 2019, it was estimated that there were approximately 22.9 million bicycles in the Netherlands, including some 2.4 million electric bikes. About one million bicycles are sold annually in the Netherlands.
And it turns out that the bikes in the Netherlands are different from the ones in other countries. Typical Dutch-style bikes are known as Omafiets, or “grandma bicycles.” The main reason these bikes are so common in the Netherlands is because in that country, as opposed to others, bicycles are seen as a tool for everyday transportation, as opposed to sport and exercise.
Dutch-style bikes are upright and are designed for comfort so people can wear their work clothes while they ride, run errands, and even take their kids to school.
In fact, the Netherlands is one of the few countries that has separate roads for bikes, and where no cars are allowed. There’s even a suspended bicycle path roundabout (located between Eindhoven, Veldhoven and Meerhoven). The path comprises of a 70-metre (230 ft) tall central pylon, 24 steel cables and a circular bridge deck made out of circa approximately 1,000 tons of steel.
And yes, we also have ‘normal’ road bikes and even mountainbikes here. The mountainbikes are usually XCO bikes (cross-country), although there are some bike parks where some tracks have been built, including some (small) downhill tracks.
If you are living in the Netherlands or planning to come over with some spare time, and want to go for a ride, let us know. We may even want to organise a VAT-ride.
But first: the VAT news from last week. Have fun with it!
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.
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WORLD
- Job opportunities in Hungary, the Netherlands, Poland, Sweden and United Kingdom
- Job opportunities in the Netherlands, Romania and Sweden
- The Global Rise of E-Transport Documents: A Comparison
- OECD and Taxation of the Digital Economy
- The ESG standards’ alphabet soup: a new headache for tax experts?
- How can harnessing tax data create value for all?
- EY Global Tradewacth Issue 1/2022
- Clearance model sooner than later
- International indirect tax guide
- The Global Rise of E-Transport Documents: A Comparison
- What you need to know about VAT recovery
WEBINARS / EVENTS
- Sovos Webinar: VAT Summer Summit (June 21)
- Sovos webinar: VAT Reporting and SAF-T: Current Trends and Initiatives (June 15)
AFRICA
- VAT Exemption on Cement, New Building Sales, and Essential Goods
- Congo (Dem. Rep.) Suspends Value Added Tax on Cement and Essential Goods
- Congo (Dem. Rep.) Implements Value Added Tax Suspensions
- Revenue Authority Says Tax Fraud Among VAT Taxpayers is “Massive”
- Govt suppliers will only pay VAT after their invoices are cashed
- VAT: Supermarkets fail to remit billions to URA
AMERICAS
- Third group of entities to join the e-invoicing regime in October
- Bolivia e-invoicing SFE update
- Mandatory E-Invoicing as of October 1, 2022
- Taxpayer billing information systems, registration rules
- Chamber of Deputies Approves Bill Setting 17% Maximum VAT Rate on Fuel, Other Essentials
- Brazil Lower House Approves ICMS Tax Bill
- Resolution No. NAC-DGERCGC22-00000024: e-invoicing obligations due to the coronavirus pandemic.
- Tax Authority Updates Procedure for Suppliers of Exporters to Request VAT Refunds
- Maryland Will No Longer Tax Commercial Software or SaaS Effective July 1st, 2022
- How To Collect Colorado’s New Delivery Fee in Top E-Commerce Sales Channels
- Fifth Circuit denies rehearing request on its decision that federal oil spill tax on exported crude oil is unconstitutional
- Five steps international sellers should take before selling in the US
- How to manage sales tax on outdoor recreation clothing and equipment
- Maryland to Exempt Some Commercial Software, Digital Products From Sales Tax
- State and Local Tax (SALT): What’s New and What’s Next
- Democratic Republic of the Congo Provides VAT Exemption on Cement, New Building Sales, and Essential Goods
- Maryland: New Law Amends Definition of Taxable Digital Products to Provide More Exclusions
- Louisiana: New Law Equalizes Interest Rates on Local Tax Assessments and Refunds
- Indiana: Updated Bulletin Addresses Remote Seller and Marketplace Facilitator Laws
- State of Minnesota Determines Credit Card Processing Fees Subject to Sales Tax
- Does North Carolina Charge Sales Tax on Services?
- US extends COVID related medical care tariff exclusions
- Superfund chemical excise taxes resuming July 1
- Four must-know pitfalls of US sales tax
- Arkansas: Purchase of Aircraft Did Not Qualify for Resale Exemption
- United States: New York Sales Tax Case Regarding Art Leasing
- How to Advance Your Career in Sales Tax
- Indiana: Purchase of Pre-written Software, Maintenance Agreements and IT Hardware Subject to Tax
- Uruguay Extends Deadlines for Incentive Regimes for Building Construction and Urbanization and Housing
- Government extends reduced VAT rate of 9% for the tourism industry until end of September 2022
- Further VAT and Customs Duties Exemption for Equipment and Goods for COVID-19
- Venezuela Provides Further VAT and Customs Duties Exemption for Equipment and Goods…
ASIA-PACIFIC
- Advice under development – GST issues
- Luxury car tax threshold rises for FY 2022-23
- Australia raises AUS$760 million in GST after withdrawal from the Low Value Imported Goods…
- GST and health
- Fraudulent GST Refunds Noticed By ATO
- Guidance under stamp duty act (New South Wales)
- China Cabinet Announces Package of Tax Measures to Stabilize Economy
- Shenzhen Introduces Collaborative Mechanism for Customs and Tax Transfer Pricing on…
- Support Services to Overseas Shipping lines/ Charterers attracts 18% GST: AAR
- Schools not entitled to Pay GST on canteen and Transportation Services: AAR
- Input tax credit fraud: GST notice to Swiggy operator
- No Proper Reason for Non-Appearance before Income Tax Authorities: ITAT imposes Cost of Rs. 10,000 on Assessee
- Personal liability of Directors/Partners & Legal heirs under GST for tax arrears
- Recent Updates In GST till 1st June 2022
- GST ITC not available on demo cars being not purchased with intention of further supply: AAAR
- Transfer of Going Concern Service is a Supply and Attracts NIL rate of GST: AAR
- GST: Small online retailers may soon be exempted from Indirect Tax Registration
- GST Compliance Calendar for the month of June 2022
- Common Errors to be Avoided in GST
- Service Provided by Educational Institution to its Students and Staff attracts NIL Rate of GST: AAR
- GST audits won’t be burden for biz
- Centre likely to lift veil on taxing NFT as virtual digital asset
- Compliance Calendar for the Month of June, 2022
- IDs of many Indore residents used in GST fraud, say police
- A2ZTaxCorp’s Weekly GST Communique dated May 30, 2022
- India Considers Tax Cut on Soybean and Sunflower Oil to Cool Prices
- Credit Notes not affecting Input Tax can’t be treated as taxable turnover: Kerala HC
- Late fees for filing GSTR-4 for FY 2021-22 waived from 01.05.2022 to 30.06.2022
- Inflationary concerns may delay GST rate rationalisation: Report
- Officers to face strict disciplinary action for coercive GST collection
- GST officials can’t force recovery during searches
- Economists disagree with reintroduction of GST
- Malaysians hope new GST will be lower than 6%
- FMM welcomes GST comeback
- ‘Study reason why GST was unpopular’
- NST Leader: GST? Now?
- Unjust enrichment for refunds of overpaid service tax
- Malaysia to review tax regime
- Car finance firms fear loss of sales if SST not extended
- FTO Directs FBR to Ensure the Collection of Sales Tax on Retail Price on Specified Goods
- Ministry for collecting oil levy, GST
- FBR to reform GST on IMF diktat
- Standard VAT Rate Increases to 12% and Planning Further Tax Reforms to Increase Revenue
- Telecommunication tax to be increased from midnight today
- Sri Lanka Increases Standard VAT Rate to 12% and Planning Further Tax Reforms to Increase Revenue
- VAT and Telecom Tax to be increased
- Sri Laxmi Kala Mandir Guilty of not passing GST reduction benefit to Customers
- Digital Asset Market further boosted by exemption from 7% VAT when trading on authorized exchange
- Thailand Gazettes Decree Allowing VAT-Exempt Businesses to Pay VAT
- Crypto trading excluded from VAT until the end of 2023
- Excise tax and customs incentives for electric vehicles
- Thailand Gazettes Royal Decree Exempting VAT on Digital Currency Transfers
- Vietnam Prime Minister signs Decree extending VAT deadlines due to Coronavirus
- Two invoices required to benefit of the VAT rate reduction
- Vietnam brings financial intermediaries into VAT compliance
EUROPE
- Agenda of the ECJ VAT cases – 2 Decisions and 1 AG Opinion in June 2022
- This is what happened in the ECJ (VAT) in May 2022
- Comments on ECJ C-1/21: ECJ according to AG ECJ not competent to answer questions about joint and several liability
- Flashback on ECJ Cases – C-451/06 (Walderdorff) – A right to fish, under a ten-year lease, does not…
- Comments on ECJ C-489/20: No extinguishment of import VAT and excise duties upon…
- Comments on ECJ C-637/20: City cards sold by a Swedish company to tourists who visit Stockholm are classified as “multi-purpose vouchers”
- ECJ C-1/21 (Direktor na Direktsia „Obzhalvane i danachno-osiguritelna praktika“) – AG Opinion – ECJ not competent to answer questions about joint and…
- ECJ C-239/22 (Belgian State and Promo 54) – Questions – Condition of the first use of a building
- ECJ C-341/22 Feudi di San Gregorio Aziende Agricole vs. IT: New VAT case before the ECJ (but no details yet)
- ECJ C-232/22 (Cabot Plastics Belgium) – Questions – Belgian VAT fixed establishment for a Swiss principal, through its affiliated Belgian toll manufacturer?
- Flashback on ECJ Cases C-102/00 (Welthgrove) – Involvement of a holding company in the management of its subsidiaries constitutes an economic activity if related to taxable activities
- European Court may put intra-Community transaction on edge (2017)
- ECJ AG’s opinion: protection of legal privilege in the context of DAC6
- Comments on ECJ C-299/20: VAT On margin – Icade Promotion shutdown, what practical implications?
- Comments on ECJ C-333/20: A Subsidiary Cannot Be a Fixed Establishment under EU VAT in (Almost) Any Case
- Harmonising import VAT refunds on IOSS and Special Arrangements following 2021 EU…
- Postponement of the adoption of a definitive European VAT system – Extension of the reverse VAT charge until 2025
- EU VAT Policy ”VAT in the Digital Age” – Part 2: E-invoicing and the need for EU standards and interoperability
- Ukraine: Commission proposes legislation suspending all duties on imports
- EU VAT Policy ”VAT in the Digital Age” – Part 1: Single VAT Registration (SVR) – Transfer of own goods
- REX: update Guidance document
- The Carbon Border Adjustment Mechanism (CBAM): what do you need to know?
- ECJ will clarify who is responsible for blank invoices? Employee or company?
- EU adopts sixth package of sanctions against Russia
- Members of the European Parliament call for expanded carbon leakage instrument
- Interim Evaluation of the implementation of the Union Customs Code
- EU import VAT on returned goods – harmonising options
- Postponement of introduction of definitive European VAT system
- Press Release – VAT in the Digital Age: Single VAT ID Registration Roundtable
- Is a non-entrepreneur foundation liable for VAT on purchases within the EU?
- Eurozone energy inflation 39% May 2022; temporary VAT subsidies for domestic power, foods and other basics
- Convergence Report reviews Member States’ preparedness to join the euro area and paves the way for Croatia’s euro adoption on 1 January 2023
- Group of the Future of VAT – 38th meeting on May 6, 2022 – Minutes & Working documents available
- EU addresses misuse of IOSS identification numbers in VAT fraud
- EU VAT triangulation simplification
- OSS Scheme: A Guide
- EU Expected To Introduce VAT Exemption For Ukraine Humanitarian Effort
- Factoring and receivables financing in Belgium: frequently asked questions
- VAT refund applications by non-EU businesses can be made electronically as of 1 July 2022
- Belgium to implement business to business (B2B) electronic invoicing
- Belgium B2B e-invoicing update 2024 launch
- DAC7: FAQ regarding the obligations of operators of a digital collaboration platform
- New fiscal law will require fiscalization of sales via vending machines
- Proposal: Lower VAT rate of 5% for basic foodstuffs, luxury goods 22% VAT rate
- Treatments of food vouchers in Bulgaria
- Bulgaria VAT country guide
- Draft Rules for amendment and supplement of the Rules for application of the Law on Excise Duties and Tax Warehouses
- VAT compliance and reporting rules
- Tax Agency clarifies application of reduced VAT for natural gas supply, distribution Services
- Croatia to Adopt the Euro from 2023
- Croatian VAT Guide
- Convergence Report reviews Member States’ preparedness to join the euro area and paves the way for Croatia’s euro adoption on 1 January 2023
- The VAT registration limit could be increased in the Czech Republic
- European Council allows proposal to implement VAT exemptions for small businesses
- SAC upholds entitlement to higher compensation for withholding VAT deductions
- Tax Agency Updates FAQs on E-Invoicing
- Intra-EU distance sales (B2C) before the 1st of July 2021: a voluntary disclosure by foreign operators is opened by the French Tax Authorities
- Allowances and Subsidies – BOFIP – Public Consultation until July 31, 2022
- VAT on supplies by company HQ to a foreign branch: New French guidance
- French E-Invoicing and E-Reporting
- Introduction of a turnover limit in § 24 paragraph 1 sentence 1 UStG by the Annual Tax Act 2020
- Tax avoidance in the world of VAT
- Infographic: A guide to VAT in Germany
- German Tax Court Rules Renting Virtual Land is VAT Free
- Government issues VAT treatment of airport lounge access
- Conditions for revocation of VAT return due to non-compliance
- Circular: Repayment of VAT credit balance of previous tax periods
- Greece Codifies VAT Legislation
- Extension of deadline for submission of sales and purchases data
- MOF Announces 2022 Budget
- VAT Treatment Of Depository Services And Global Custody Services
- Ireland VAT country guide
- Split payment also for the Federation still registered in the IPA
- VAT and excise tax cuts: risk of penalties for operators in the fuel distribution chain
- Agency Clarifies VAT Treatment on Corporate Restructuring of Group Companies
- VAT number – what is it and who needs it?
- More changes in receipt lottery
- Ruling 322/2022: Fee paid to the Municipality for vehicle removal services subject to VAT
- Ruling 320/2022: Split Payment – Article 17-ter of Presidential Decree No. 633 of 1972
- E-invoicing in Italy – Upcoming Changes From July 2022
- Ruling 316/2022: Treatment of public grants and input VAT paid
- Ruling 318/2022: Transfer of functions and personnel intercurrent between parent and permanent establishment, as well as between two permanent…
- How to prepare your business for Italy’s new cross-border e-invoicing mandate
- The bankruptcy creditor can recover the recourse VAT even if he has gone out of business
- Ruling 313/2022: Reduced rate, supply of vehicles for the disabled
- Does Lithuania expect the new fiscalization system?
- Current fiscalization system in Lithuania
- Lithuania Tax Agency Seeks Comments on Draft Article to Exempt VAT on Specific Medical Products
- North Macedonia Applies Reduced VAT Rate to Basic Food Products
- North Macedonia Applies Standard VAT Rate for Fuel
- Parliament Passes Decree Further Extending Reduced VAT Rates on Hotels, Restaurants Due to War
- Moldova Tax Agency Posts FAQ Explaining VAT Regime for Specific Services Provided by Nonresidents
- 0% VAT Rate for Flour and Sunflower Oil and Reduced Rate for Heating Pellets
- List of products taxed at a reduced and zero VAT rate for 2022
- Montenegro Sets 0% VAT Rate for Flour and Sunflower Oil and Reduced Rate for Heating Pellets
- Montenegro Introduces Temporary VAT Exemption for Supply of Flour and Sunflower Oil
- Room for policy in respect of the VAT rate directive
- Delivery of leased real estate by developer nevertheless transition of generality of goods for VAT
- Netherlands cash register requirements
- Energy companies must immediately incorporate the announced VAT reduction on energy in their customers’ monthly payments
- Delivery of leased real estate by developer nevertheless transition of generality of goods for VAT
- Deregistration of vehicles with National Road Transport Agency and delivery with white number plate subject…
- Personal contributions clients for addiction care institutions exempt from VAT
- No VAT levy on personal contribution in healthcare institution
- Artist without turnover, administration and objective intentions not a VAT…
- No appeal in cassation against interest received on refund of VAT which was levied in violation of EU law
- Former director puts VAT obligations on new director in vain
- Delay Expected For New VAT Group Rules
- Cash registers in car washes a bit later
- What is a built-up area? When does the sale of a “developed plot” not benefit from VAT exemption?
- VAT taxation of financial services – benefits and doubts
- Electronic invoices in Poland mandatory by 2023
- Fixed establishment of German entity under VAT law (court decision)
- Poland Postponing VAT Group Regime to 2023
- Tax obligation for an advance invoice
- Online cash registers – when to sell, and when is catering?
- Poland Postponing VAT Group Regime to 2023
- Do transfer pricing adjustments affect VAT settlements?
- The cancellation of debts to contractors in a difficult life and financial situation does not give the right to issue correcting invoices
- How to create, settle and function in the VAT Group?
- VAT groups, however, not from July 2022
- Higher interest on tax arrears
- Receipt of compensation due to the buyer’s failure to comply with the terms of the contract and failure to collect the ordered goods is not subject to VAT
- Judgment of the Provincial Administrative Court in Szczecin on Fixed Establishments related to Real Estate rental
- Judgment of the Provincial Administrative Court in Warsaw: Verification of customers whether they have a Fixed Establishment
- Polish Supreme Court sent a question to ECJ: Is a company liable to VAT if an employee issued false invoices?
- Poland VAT Group implementation delayed to Jan 2023
- July changes in VAT signed by the president
- e-Fatura (e-invoice) App
- PDF invoices in Portugal
- Postponement of the Stricter Authenticity and Integrity Requirements
- Portuguese invoice requirements delayed again to 1 Jan 2023
- Portugal VAT country guide
- VAT compliance and reporting rules in Romania
- RO E-Factura Platform Advances B2B and B2G Electronic Invoicing
- Romania: B2G and B2B e-invoicing with the RO e-Invoice platform
- The electronic invoicing – one month until implementation
- Romania VAT guide
- Romania to introduce mandatory business to government (B2G) e-invoicing from July 2022
- 0% rate for hotels in Russia may be extended to water parks and yacht clubs
- Russia to abolish VAT on goods sold abroad
- VAT exemption does not apply to vending trade
- The list of VAT-free equipment has been expanded
- Russia Implements Tax Exemption For IT Firms
- Government expands the list of VAT-free equipment
- Federal Agency for Tourism has begun work on the possibility of zeroing VAT for Russian tour operators
- Tax authorities will notify when the right to exemption from VAT under Article 145 of the Tax Code is lost
- Tax Agency Explains VAT on Delivery Services for Online, Distance Sale of Goods
- Changes in VAT legislation in 2022 – EU VAT Directives integrated in Slovenian VAT law
- Everything about VAT calculation and refund, flat-rate compensation, taxpayer’s bookkeeping and VAT reporting
- VAT refunds to taxable persons established in Slovenia and outside Slovenia in Slovenia
- VAT rate on the online supply of goods
- Slovenia Tax Agency Updates Guidance on VAT
- VAT on non-fungible tokens (NFTs)
- NFT treatment in the scope of VAT in Spain
- Spanish Tax Administration clarifies the VAT treatment of the supply of NFTs
- Tax Agency Clarifies Elimination of Restaurant Services VAT Category
- The position “Restaurant services, VAT” shall no longer be applied
- Possible revisions of VAT law include measures affecting electronic platforms
- A new partial revision of the Swiss VAT law is coming
- Gazettes General Communique Exempting VAT for R&D, Manufacturing, Tourism Industry
- Continuous reporting requirement of certain information for property listings published on the…
- Communiqué Amending VAT General Implementation Communiqué (Serial No: 42) has been…
- Turkey Extends Application of 0% Entertainment Tax
- Turkey Clarifies Certain VAT Exemptions
- Privileges are prepared for VAT payers by the cash method
- Is it necessary for a VAT payer who is on the simplified taxation system at the rate of 2 percent to be reflected in the VAT fiscal check?
- Changes in the formation of the VAT tax credit for the war as of May 27, 2022
- Can a person with a rate of 2% use the funds from the VAT SER?
- Cabinet Proposes Rada Return VAT On Imported Goods
- Webinar “Taxes in the war: what are the main changes in the work of taxpayers? (May 31, 2022 – 11:00)
- VAT taxation of international postal and express items
- How is VAT provided for the provision of warranty repair services?
- Sale of TV studios not a VAT TOGC
- HMRC Penalties – Not getting your Making VAT Digital processes compliant
- UK HMRC Urging Businesses to Move to New Customs IT Platform
- The Effect of Inflation on VAT Rates – Temporary VAT reductions
- Electric vehicles: Cost of EV rapid charge rises by a fifth as experts call for public charger VAT cut
- Administrator Fees for self-invested personal pensions (SIPPs)
- Was a supply a black box made to insured parties?
- Exempt insurance activities or taxable marketing and advertising?
- Bringing back goods to Great Britain from the EU
- HMRC Guidance – Compliance checks: How to avoid penalties for Making Tax Digital for VAT – CC/FS69
- HMRC Policy paper Revenue and Customs Brief 10 (2022): VAT — business and non-business activities
- Sofology Ltd & DFS Furniture Company Ltd – FTT – attribution of input tax – PPC advertising
- Tax Guides
- HMRC Targeting Supply Chain VAT Fraud
- Zero Vat for installation of Heat Pumps and other “energy saving materials”
- Electric vehicles: Cost of EV rapid charge rises by a fifth as experts call for public charger VAT cut
- HMRC Guidance: Using the Trader Dress Rehearsal service
- A VAT Did you know?
- Poll: voters pick VAT cut over windfall tax
- UK delays digital platform transaction reporting until 1 January 2024
MIDDLE EAST
- Electronic invoices test sandbox for testing prior to Jan 2023 full integration
- Penalty waiver relaunched for all taxes, including VAT and excise tax
- E-invoicing Phase 2 Developments
- Saudi Arabia: Exemption from fines and financial penalties initiative
- ZATCA Exempts Its Taxpayers from Fines and Financial Penalties
- KSA Tax Authority publishes a newly updated VAT Guideline on Employee Benefits
- KSA Tax Authorities announces a tax amnesty effective from 1 June 2022 to 30 November 2022
- E-invoicing Phase 2 Developments
- KSA Tax Authorities to subsidize the purchase of e-invoicing Software solutions for Taxpayers
- E-invoicing Phase 2 Developments: Launch of the e-invoicing portal & Proposed changes to…
- Saudi Arabia: VAT Filing and Payment Deadline for April 2022 Returns
- UAE: Compliance with VAT Regulations Rises During Q1 2022
- Voluntary disclosure penalties under revised tax-related penalty regime
