Weight loss
I have been struggling with my weight for some time. All the excuses have been used: I was injured and therefore couldn’t do any exercise; I stopped using sugar but I can’t drink my coffee without it; I’m eating less meat but I need to compensate with more carbohydrates from other products; Etc. Personally, I believe that there are some small bacteria or little elves in my closet that make my clothes smaller every night.
Training long or short? Make sure you’re resting as well!
The good news is that it’s not necessary to spend a lot of time on exercising. A recent study shows that whether you exercise for a long or shorter time, both approaches provide a similar level of muscle tone, but if you’re looking to build strength, a little exercise every day is the answer.
According to the study’s findings, short bursts of exercise will keep you fit but to build strength, frequency is necessary. Muscle adaptations occur when we are resting; if someone was able to somehow train 24 hours a day, there would actually be no improvement at all. Muscles need rest to improve their strength and their muscle mass, but muscles appear to like to be stimulated more frequent.
As Joop Zoetemelk, a Dutch cycling champion, said: The Tour de France is won in bed! He knew how important resting is. If you don’t sleep well, you don’t feel well, you can’t concentrate well, and your muscles don’t relax enough.
I’m taking that advice to heart, and I will try to rest more. Although that may give the little critters in my closet more time to gnaw at my clothes, I’m sure that I will fit them the next morning anyway!
And I already did a great job of burning 500 calories this morning, when I burned my fresh croissants in the oven.
All the jokes aside, make sure you’re staying healthy. And if you start your day with VATupdate, at least you start your day fresh and with a smile.
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 France, the Netherlands and Romania
- Job opportunities in Belgium: VAT Consult & Bacardi
- Job opportunities in UK, LV and PL
- Global E-Invoicing mandates to be implemented Nov 1- Dec 31, 2022
- Carbon Taxes, Trade, and American Competitiveness
- VAT Talks – John McCallig
- Worldwide updates on E-Invoicing/Real Time Reporting/SAF-T in October 2022
- Futureproofing your business: VAT Compliance Managed Services
- The future of indirect taxation in a digital world – Transactions in the digital economy are becoming subject to greater levels of indirect taxation than the traditional economy
- What is Tooling VAT?
- Global Customs Newsletter #3/2022
- The future of indirect taxation in a digital world – Examples of double taxation and double non-taxation…
- The future of indirect taxation in a digital world – The digitalization of the economy
- SNI Tax Technology News – October newsletter
- The future of indirect taxation in a digital world – Crypto, NFTs and the Metaverse
- Global VAT changes November 2022
- SNI – Global Tax Technology Report 2022
- Death of the VAT Return? Global e-invoicing, SAF-T and pre-filled filings
- Agents of Chaos: How Tax Leaders Are Adapting to Global Disruptions
WEBINARS / EVENTS
- Sovos webinar: Selling on Marketplaces: 4 Steps to Keep your Business VAT…
- Pagero webinar – Essential updates relating to electronic invoicing obligations in France – November…
- Webinar Pagero: Essential updates on the e-invoicing mandate in France (Nov 17, 2022)
- E-Invoicing Exchange Summit Singapore – December 7 and 8, 2022
- Recorded webinar: 5 things you need to know to run international fiscalization
- Vertex Event: Indirect tax for eCommerce global growth (Nov 15, London)
AFRICA
- E-VAT system to check tax compliance, improve business processes
- Ghana begins the first phase of new e-invoicing system
- Court of Appeal confirms VAT as the principal tax on goods and services in hotels, restaurants and event centres
- Direct collection of taxes from online gaming transactions
- Facebook announces that WhatsApp Business services in Uganda are subject to VAT
- Uganda: Country Updates VAT Return Templates
AMERICAS
- GST/HST obligations of employer-sponsored pension plans, 31 December deadline
- Millions of Canadians will get GST credits
- Tax Court Confirms Satisfactory Input Tax Credit Documentation
- Updates List of Digital Service Companies Subject to VAT Withholding
- Application of VAT to cross-border digital services
- El Salvador Legislates For Upcoming E-Invoicing Requirements
- El Salvador Provides Update on Mandatory E-Invoicing Incorporation
- New requirements for tax documents
- Tax Administration Requires Small Taxpayers to Issue E-Invoices by 31 March 2023
- CFDI e-invoicing – 4.0 delayed again to April 2023
- Mexico delays mandatory start date of the new e-invoice format CFDI 4.0
- Maryland court strikes down Digital Tax Ad
- US imposes export restrictions on certain integrated circuits, computing components and products used in the production of semiconductors from China
- Recent US trade developments affecting supply chains
- Non-Fungible Tokens(NFTs) And Sales Tax: Why The Details Are Important To Pay Attention To
- Colorado: Sale and Redemption of Streaming Platform Credits Not Subject to Tax
- California: Tax Collection and Remittance Responsibilities for Cannabis Distributors
- Wisconsin DOR Says NFTs May be Taxable if Underlying Product, Good, or Service is Taxable
- US Maryland digital services sales tax struck down
- Wisconsin Quietly Announces Sales Tax Rules on NFTs
- Fees subject to sales and use tax (South Carolina)
- Sourcing of digital audio book sales (Pennsylvania)
- Texas: Web-based Weather Forecasting Service Not Subject to Tax
- What Is Economic Nexus and How Do I Track It?
ASIA-PACIFIC
- Despite VAT registration, around 22% of companies are not submitting their VAT returns
- IMF recommends that Bangladesh reduces its (VAT) exemptions
- US imposes export restrictions on certain integrated circuits, computing components and products used in the production of semiconductors from China
- Recent US trade developments affecting supply chains
- Daily GST Updates – November 5, 2022
- No Claim of Refund When Appeal has already been Abated
- No Service Tax on amount received as Facility Charges attributable to Electricity Expenses
- Manufacturers of Excisable Goods can take Credit of CENVAT paid on Input Services
- Now GST payments can be made through 20 banks; GSTN added newly Federal Bank
- Input Tax Credit of GST: A ride destined towards “Cascading Effect”
- Haryana cancels GST registration of all non-filers of GSTR-3B till March 2021
- 13 Reasons Why Anti-profiteering provisions under GST laws are unconstitutional
- Daily GST Updates – November 3, 2022
- GST on Sale of Developed Land: Madhya Pradesh HC directs BDA to Reconsider 12% Levy on Plots
- Service Tax not applicable to Cycle Parking Stand: Punjab & Haryana HC orders Release of Security…
- Define game of chance, game of skill to decide on taxation: GST law panel
- Recent Updates related to Indian Economy and GST till 02.11.2022
- GST Demand Penalty cannot be based on Presumption: Allahabad HC
- Retainer Fee to Doctors not subject to TDS: Rajasthan HC
- Daily GST Updates – November 2, 2022
- CBIC prescribes Mechanism for Implementing Additional Excise Duty on Sale of Unbranded Petrol
- Amendment to S. 50 of Central GST Act on Interest on Late Payment of Tax has Retrospective Effect
- GST Dept cannot Refuse to Release Goods and Conveyance Once Assessee Complies with Provisions of S. 129 (1)(c)
- Fake Invoicing Under GST- An Overview
- Credit is admissible even when Windmill is not located inside Factory Premises: CESTAT
- Weekly GST Communique – Oct 2022, week 5
- Daily GST Updates – November 1, 2022
- CBIC notifies Export Duty Exemption to Specified Varieties of Rice
- GST Portal not Allowing to Open GSTR-3B for Taxpayers not filed GSTR-1
- GST to be paid on Value of Free Diesel filled in Vehicle
- Value of Goods Declared for Central Excise Purpose shall be Considered before Concluding upon under Invoicing of Products
- Rewards for sharing information about tax evasion and recovery
- Due to non-filing of GSTR-1, the GST Common Portal restricts GSTR-3B
- Daily GST Updates – Oct 31, 2022
- Payment of Pre-deposit through Form GST DRC-03 not Valid for Service Tax / Excise Matters
- Exemptions for Goods and Materials to be Processed, Assembled, or Installed on Other Goods with the…
- To raise excise tax rates for tobacco products by avg 10% in 2023
- Japan Tax Agency Posts FAQs on Additional Tax for Nonreporting, Underreporting
- Japan’s consumption tax reform will be effective from 1 October 2023 – Implementation…
- Modernising record keeping for GST
- New rules for GST invoicing in New Zealand effective 1 April 2023
- New rules for GST invoicing effective 1 April 2023
EUROPE
- Comments on ECJ C-397/21: ECJ ruled that it will be possible to recover unduly paid VAT ex officio
- ECJ C-537/22 (Global Ink Trade) – Questions – Deduction of VAT in case of a missing additional evidence/fictitious transactions
- ECJ C-532/22 (Westside Unicat) – Questions – Place of supply of video chat studio to a website…
- ECJ C-533/22 (Adient) – Questions – Fixed establishment solely on the basis that the two companies belong to the same group?
- Comments on ECJ C-267/21: Place of supply of claims handling and settlement services (B2C)
- Comments on ECJ C-98/21: No Input VAT recovery by holding for free services to subsidiaries that perform mostly VAT exempt activities
- Comments on ECJ C-235/21: Inappropriate VAT in the case of a sale-and-leaseback agreement
- Comments on ECJ C-293/21: Correction of input VAT in the case of liquidation
- Agenda of the ECJ VAT cases – 6 Judgments, 3 AG Opinions and 1 Hearing till Dec 1, 2022
- Comments on ECJ C-250/21: VAT-exempt granting of credit
- Comments on ECJ C-397/21: Direct claim in VAT and interest on arrears
- Comments on ECJ C-641/21: Place of supply does not change if the recipient of the service committed VAT…
- Comments on ECJ C-641/21: Place of service does not change due to involvement in VAT fraud
- Flashback on ECJ Cases – C-511/10 (BLC Baumarkt) – Germany may apply surface ratio for mixed-use VAT…
- Flashback on ECJ Cases – C-622/11 (Pactor Vastgoed) – Revised VAT deduction that the supplier must repay cannot be levied from the customer
- Preliminary questions to the ECJ on compensation of Irimie interest to the municipality
- Flashback on ECJ Cases – C-25/11 (Varzim Sol) – “Grants” used to purchase goods and services — Limitation of right to deduct
- Flashback on ECJ cases C-204/03 (Commission v Spain) – The receipt of subsidies by itself cannot limit the…
- Flashback on ECJ Cases C-480/10 (Commission v Sweden) – Sweden may limit VAT grouping to providers of financial services and insurance services
- Flashback on ECJ Cases C-63/04 (Centralan Property) – Adjustment period of…
- VATConsult Newsletter – November 2022
- (Part 11) Get ready for Nov 16, 2022: Platform Economy – Comparison of Policy Options
- EU Launches New Initiative Targeting Tax Advisers
- (Part 10) Get ready for Nov 16, 2022: Platform Economy – Policy Options
- VAT in the Digital Age – conclusions of the European Commission’s DDR study
- Second release of the EU’s advance cargo information system, ICS2, goes into effect on 1 March 2023
- EU Digital Reporting Requirements – ”Mandatory interoperability framework for E-reporting of intra EU transactions’
- eDelivery presented at Open Peppol Cross-Community Meetings 3 November 2022
- (Part 9) Get ready for Nov 16, 2022: Platform Economy – What is the problem?
- EU developments: DAC 7, CESOP, e-invoicing, e-reporting… are you still following?
- (Part 8) Get ready for Nov 16, 2022: Platform Economy – Legal issues
- VAT in Europe: Option to tax in the financial world
- This is what happened in the ECJ (VAT) in October 2022
- EU VAT liabilities on crypto currencies and NFT platforms
- VAT on Imports: How to Keep Records?
- DAC7: the next step in taxing the digital economy
- Customs: new agreement to improve trade flows between the EU and Moldova enters into force on 1 November
- Austrian implementation of DAC7 introduces comprehensive reporting obligations…
- Austria’s Finance Ministry uncovers luxury car VAT fraud schemes
- Finance minister prepares first set of tax measures: E-Invoicing/E-Reporting, Excise taxes on tobacco and new products
- Circular 2022/C/93: application of the reduced VAT rate of 6% in the case of demolition and reconstruction of private homes
- Circular 2022/C/90: extension temporarily reduced VAT rate for mouth masks and hydroalcoholic gels
- Circular 2022/C/90: extension of the temporarily reduced VAT rate for mouth masks and hydroalcoholic gels
- Bill to Harmonize VAT Rules With EU Directives, Court Decisions, and allow VAT bad debt claims
- A new portal for electronic services has been introduced in Bulgaria
- Estonia reduces VAT rate on press releases to 5%
- Estonia MOF Announces Approval of Bill to Implement DAC7 Reporting Requirements for Digital Platform Operators
- Estonian Government Approves Draft Bill to Implement DAC7
- France’s E-invoicing and E-reporting developments and news
- Will PDF invoices still be accepted under the e-Invoicing mandate in France?
- Rental of a building in another Member State: the VAT incurred in France is deductible
- French Tax Authority Publishes VAT Group Administrative Guidelines
- French CTC Regime: How to Comply as a Service Provider and Taxpayer
- France to introduce mandatory B2B e-invoicing and reporting
- E-reporting frequency is published by the French Government
- Tax Authorities released updated FAQs on VAT e-invoicing
- No schedule for VAT real time reporting system
- VAT exempt medical treatment within a therapeutic continuum
- No timetable for a E-invoicing/E-Reporting system
- Germany Extends Reduced VAT Rate for Restaurant and Catering Services
- BMF: Tax rate for transactions with silver coins
- BFH: Limits of the retroactive effect of an invoice correction
- BFH: Transfer of vehicle to staff for private purposes as a transaction similar to an exchange
- BFH: Input VAT deductions and reducing staff (so-called outplacement consultation)
- German Federal Fiscal Court: Invoice without correct VAT amount cannot be amended with retroactive effect
- Government approves extension of excise tax exemption for plug-in electric vehicles
- Sixth Regulation on the Amendment of Tax Regulations (Proof IC Supply & Refund, OSS)
- Deduction of input VAT on “outplacement consultation” services
- Finance Bill 2022 – Key Indirect Tax Measures
- VAT rate changes announced in the Irish Budget for 2023
- Ministry of Labour reviews table for professionals and VAT numbers
- The anomaly communications for VAT returns for 2019 are coming
- Two ways to recover VAT from pharmaceutical payback
- Ruling 544: Group VAT payment also for companies resident in other Member States
- Government explains 4% reduced VAT rate for medical nutrition food products
- No VAT recoverability in case of non-existent transactions
- Plastic and sugar tax also suspended in 2023? Even abolished?
- Government explains 4% reduced VAT rate for medical nutrition food products
- VAT refund allowed for building works on third party land
- Ruling 540: Use of the usual exporter’s plafond accrued in the context of intra-Community triangular transactions
- Ruling 541: Non-deductible VAT for IRES and IRAP purposes due to settlement agreement
- Minister supports extending lower rate VAT on restaurants for entire year, not just 6 months
- Lithuania Parliament Considers Bill to Reduce VAT Rate on Specific Services Provided by Performers
- Permanently Extension of 9% VAT Rate for Certain Supplies
- Preferential VAT rate of 5% for repairs and certain household items
- Lithuania extends the VAT rate cut on hospitality and hotel services
- The provision of sports parks by the municipality to football associations is rental
- The VAT Deferment Scheme: Explaining Article 23
- Supreme Court answers questions about the concept of ‘essentially new construction’ in VAT
- Supreme Court defines new construction concept
- Supreme Court answers preliminary questions about interpretation of the concept of ‘essentially new construction’
- Entrepreneurial fund, not a VAT entrepreneur, right to deduct?
- The VAT Deferment Scheme: Explaining Article 23
- Supreme Court answers preliminary questions on the concept of ‘essentially new construction’
- Senate wants to abolish VAT on fruit and vegetables
- Tax and Customs Administration publishes knowledge group positions on website accessible to citizens and businesses
- Possible fraud with VAT of 1.3 million euros
- Netherlands Implementing New Reporting Obligations for Payment Service Providers to Combat VAT Fraud
- Provision of football fields by the municipality constitutes VAT-exempt rental of immovable property
- Tax authorities: late VAT filing and SMS-reminder
- VAT on car rightly deducted
- Poland VAT Group guidelines for Jan 2023
- The obligation to use cash registers for car washes deferred until February 1, 2023
- Exemption from cash registers and VAT deduction for local governments when distributing coal
- Technical problems with the list of VAT taxpayers
- Poland VAT rates temporarily reduced
- What’s new in VAT? – summary of October 2022
- Prerequisites for establishing the existence of a Fixed Establishment
- New draft bill to implement EU single-use plastics directive
- Government approves extension of excise tax exemption for plug-in electric vehicles
- Notice for the submission of the VAT-O form for the period from July to September 2022 (three-month…
- A new service for taxpayers in Spain
- Report on compulsory electronic invoicing for traders and professionals
- Extension of the scope of mandatory TicketBai in Gipuzkoa as of Nov 1, 2022
- Mandatory TicketBai for all taxpayers in Alava as of December 1, 2022
- VAT questions for the treasury function
- Case law: The Supreme Administrative Court has considered that acquisition of the claim and subsequent measures to have it determined do not constitute turnover
- Legal case: The Supreme Administrative Court has considered that a so-called experience card is a multi-purpose voucher because the value added tax amount is not known when the card is issued
- Is the transaction of the transfer of goods by a VAT payer to another VAT payer (or a…
- Electric generators are proposed to be exempted from taxes
- Is the sale of a trademark subject to VAT?
- Nuances of filling out the data table when blocking PN
- Nuances of VAT taxation of e-services of non-residents to natural persons after March 31
- How is the table of data of the VAT payer, which is submitted in the event of stopping the registration of the tax invoice/calculation of adjustment in the ERPN, filled in?
- HMRC Guidance: Claiming preferential rates of duty between the UK and EU
- HMRC Guidance: Protective equipment (VAT Notice 701/23)
- New penalties and interest for late returns and payments
- Change of registration details – update
- Parliamentary Committee reviews Digital Services Tax
- Uber Settles GBP 615 Million VAT Claim with UK HMRC
- Calls for VAT to be slashed as one-third of hospitality firms at risk of failure
- What is unjust enrichment?
- New penalties and interest for late returns and payments
- HMRC Collection: Working out the customs value of your imported goods
- British charging operators want to see reduced VAT on electric car charging
- Update from HMRC for Importers/Exporters on CHIEF user’s migration to CDS
- Uber handed £615million VAT bill payable to HMRC next quarter
- HMRC Guidance: VAT guide (VAT Notice 700)
- New VAT Penalties? How Do They Work?
- HMRC Guidance: Common Transit Convention countries
- HMRC Guidance: Definitions of finished components and substantial modifications for Plastic Packaging Tax
- HMRC Guidance: Register for Plastic Packaging Tax
- HMRC Guidance: Get tax relief on exported and converted components for Plastic Packaging Tax
- E-invoicing requirements in the United Kingdom
- Upper Tribunal: Northumbria Healthcare NHS Foundation Trust – VAT declared on parking charges
- Supreme Court: NHS Lothian Health Board – Fleming claim for the repayment of input VAT
- HMRC plans for Digital Platforms to report trading data of users – Consultation open
- HMRC publishes flat rate regime reference guide for small businesses
MIDDLE EAST
- Oman – Amendments to VAT Executive Regulations
- Decision No. 456 of 2022 and Amendments in Oman VAT Executive regulation thereof
- World’s most innovative economic zone launched in Riyadh
- ZATCA releases User Manual on Fatoora Portal
- ZATCA – Public consultations on VAT amendments
- ZATCA – Input VAT Real Estate developers
- Introduction of a new Tax Procedures Decree-Law
- UAE Federal Court rules no tax penalties on payment delays caused by the tax authority
- BREAKING: UAE publishes new Federal Tax Procedures Law
- UAE amends VAT Decree Law
- FTA publishes amendments to Excise law
- UAE hails success Excise tax regime in past 5 years
- UAE introduces amendments to VAT law
- Federal Tax Authority refunds tax incurred on building and operating mosques
- UAE Finance Ministry modifies certain VAT Regulations, beginning January 2023
- UAE Ministry of Finance amends provisions of VAT Law
- UAE January 2023 VAT updates
- Amended VAT law provisions; new article related to statute of limitations
- A Comprehensive Guide to VAT Treatment of Charities in the UAE
