Do you know the VAT rate in Japan? You probably don’t, I also had to look it up. Which is interesting, as we just had 3 weeks of Olympics in Japan (and the Paralympics in a few weeks), and we were only watching the sports. As real VAT enthusiasts, we should of course have been looking for the VAT profile of Japan as well…
Some highlights of this week’s newsletter:
- Pre-filled VAT Returns: It’s coming, and probably sooner then expected. You can put some question marks as to whether this is a good development. It’s efficient for the tax authorities, sure. But what do you do when you don’t agree with the pre-filled-in figures? And where and how do the tax authorities collect the data?
- ECJ case-law: the European Court of Justice is on vacation, but we have some interesting older cases that we highlighted. We do that regularly, also so that we continue to stay up-to-date and aware of everything that’s ‘out there’. With the enormous amount of information that we collect and provide every day, it’s sometimes easy to forget that these older cases contain a lot of interesting interpretations and conclusions, that are still relevant to our everyday situations in a business or as an advisor.
- E-invoicing, SAF-T, E-commerce and COVID-19: just some of the keywords that pop-up in different posts from around the world. If we make a top-10 of the key searches on our website, we also see these words scoring very high. These trends of automating the reporting of transactions, the wish (need) of governments to collect VAT on the ‘new economy’, and the continuous problems for businesses to cope with Corona restrictions and measurements are obviously keeping a lot of us very busy.
We will just make sure that you can read the latest news on www.vatupdate.com. Make sure you visit our site and add it to your favourites.
By the way: the VAT rate in Japan is 10%. Look it up on our website (there’s a link in this newsletter) if you want to know more.
Stay safe!
WORLD
- Jop opportunities in Luxembourg, Sweden, Switzerland and United Kingdom
- Job Opportunities in Belgium, Germany, Hungary, Ireland, Sweden and United Kingdom
- eClear opens Tax Technology Innovation Lab
- Vertex Launches Advanced Cloud-Based Solution for VAT Compliance
- OECD in 2005: Guidance for the Standard Audit File – Tax (SAF-T)
- What is an e-invoice?
- Why tax and finance functions must pay heed to plastic taxes
- Carbon taxes and international trade: What are the key issues?
- VAT and Tax Reforms: Some Ideas
- Global technology, e-invoicing and real time reporting developments in the world of VAT and GST (update 9 August 2021)
- Worldwide overview of recent Corona/Covid-19 VAT/GST measures (9 August 2021)
- OECD updates transfer pricing country profiles to include new fields on financial transactions and permanent establishments
- Article: VAT and e-Commerce operations control strategy
- EY Global Trade Watch – Issue 2/2021
- The role of e-invoicing and shared services at Mondelēz International
- Webinar Aug 11, 2021 – Less Grey on ”Experience on iOSS after 1 July 2021”
- Sovos Webinar: Managed Services: Complete the VAT compliance puzzle (Aug 26, 2021)
EUROPE
- Agenda of the ECJ VAT cases – First Cases will be dealt with on September 9, 2021, 3 decisions, 1 AG Opinions
- ECJ VAT Cases decided in 2021 so far related to ”Right to deduct VAT”
- Roadtrip through ECJ Cases – Focus on ”Exemption – The supply of buildings and the land on which they stand; the supply of land (Article 135(1)(j)-(k))
- ECJ VAT Cases decided in 2021 so far related to ”Exemptions”
- A New CJEU Decision Enriching The Jurisprudence On The Scope Of The Fund Management VAT Exemption
- Flashback on ECJ Cases C-532/11 (Leichenich) – The rental of a houseboat, with the associated berth and jetty, must be regarded as the leasing and…
- Flashback on ECJ Cases C-543/11 (Woningstichting Maasdriel) – No VAT exemption on delivery of undeveloped land after the demolition of a…
- Flashback on ECJ Cases C-326/11 (J.J. Komen en Zonen Beheer Heerhugowaard BV) – VAT Exemption if a Supply of immovable property (a site…
- Flashback on ECJ Cases C-461/08 (Don Bosco Onroerend Goed BV) – Exemption: Delivery of site with partially demolished building, on the site of which…
- Flashback on ECJ Cases C-308/16 (Kozuba Premium Selection sp. z o.o.) – Exemption for the supply of a building or parts thereof, and of the land…
- Brokerage transactions in the sale of the extension of the guarantee included in the calculation of the pro-rata deduction of VAT
- The Future of VAT for FSI – Outsourcing by financial service providers
- European VAT system for US-based businesses
- Real-time reporting and the definitive VAT system
- No VAT Fixed Establishment For Buildings Rented Without Staff
- Demistifying new E-Commerce VAT rules in the EU – Overview of changes to the special schemes as of 1 July 2021
- Revolutionary VAT changes in B2C transactions (E-Commerce)
- The Import One Stop Shop (IOSS) from an online retailer’s point of view
- AliExpress fears negative impact on sales due to new EU VAT rules
- Monaco Publishes Ministerial Order Introducing New VAT Refund Requirement for Taxable Persons Outside the EU
- The French E-invoicing Mandate: Your Questions Answered
- Proof of an intra-Community delivery: a DEB on dispatch accompanied by a certificate issued by the company receiving the of the goods are not…
- Monaco Introduces Electronic VAT Refund Request for Non-EU Taxable Persons
- Monaco: Electronic VAT Refund Request for Non-EU Taxable Persons through a VAT representative
- All you need to know about SAF-T in France
- Pre-filled VAT returns, the new way forward? These countries (will) implement(ed) it.
- VAT relief for businesses affected by the flood and aid workers
- Despite OSS: Do returns, credits and refunds still need to be reported locally?
- Apply for an IOSS number: How the IOSS registration works
- MOF guidance updates VAT treatment of supervisory board members
- All you need to know about the e-balance sheet in Germany
- Distance Sales: OSS procedure and still compulsory registration in other EU Member States?
- European Commission Proposes to Authorize Germany to Apply Reverse Charge Mechanism to Trading of Emission Allowances
- Greece Extends Reduced VAT Rates for Sports Tickets and Defibrillators and Extends VAT Suspension for Construction Companies
- All you need to know about myDATA in Greece
- Pre-filled VAT returns, the new way forward? These countries (will) implement(ed) it.
- Italy Publishes Technical Rules for Electronic Invoicing for Transactions with San Marino
- Ruling #475/2021: VAT treatment of training services rendered by individual speakers to training course organisers
- Ruling #495/2021: Helicopter leasing contract – deductibility of VAT paid on leasing payments
- Answer 503/2021: Tax Authorities Clarify Definition of Ancillary Supplies
- VAT rules for zero-rating of ocean-going vessels, pleasure boats
- COVID-19: Right to deduct VAT on vaccines even if onward supply is VAT exempted
- Credit note during a judicial annulment
- Incorrect VAT deduction and 90% penalty
- Supreme Court: no input VAT deduction for deposit for preliminary sale of property
- Call off stock: the new national VAT rules are on the way
- New administrative circular sets guidelines for the imposition of tax fines
- All you need to know about SAF-T in Luxembourg
- Guidance on administrative fines related to tax infractions and procedures applicable to criminal tax offenses
- Supplementation duty may conflict with nemo tenetur principle – a default fine can be imposed
- No deduction of plot and house due to lack of direct and immediate connection with supply of energy from solar panels
- Tax Authorities blunted twice in VAT dispute over solar panels
- Negative supplementation is not an objection to a refund decision
- No input tax deduction because the intention to rent out the plot is not plausible
- Parking at amusement park not subject to reduced rate
- Quarrels between customers do not affect obligation to issue invoice
- Quarrels between buyers are separate from the invoicing obligation
- No reduced VAT rate for parking at amusement park
- Appeals are admissible despite substantial exceeding of the motivation period
- No deduction for Mini Cooper, dinghy, electric bicycles and jet ski for non-entrepreneurs
- No input tax deduction because yacht rental is not plausible
- Prison for a flight-threatening tax specialist for tax fraud as a partner
- 9% VAT for mosaic plate supplied by the maker
- Changes to the Polish VAT law as of July 2021
- Issuing compliant invoices in Poland – mandatory invoicing requirements
- National System of e-Invoices – draft version of the logical structure of e-Invoices – Optional use delayed till Jan 1, 2022
- Changes in the rules for issuing invoices a bit later
- Taxpayers are asking the tax office more and more often
- Provincial Administrative Court in Gliwice: A German entity involved in the implementation of projects related to renewable energy sources leads to a…
- Activities for the development and promotion of sport – VAT exempt
- Suspension of activity does not release from the obligation to correct VAT
- New draft law on structured invoices and the National System of e-Invoices
- The issue of VAT taxation of the amount of subsidies received by the company as a project partner to cover eligible expenses
- Scope of the concept of “restaurant service” to which the reduced VAT rate applies
- Draft version of the e-Invoice logical structure released by the Ministry of Finance
- Main points of the “Polish Deal” TAX programme
- Companies pay a sugar tax, but don’t know how to calculate it correctly
- Polish Parliament Considering Draft Bill for Digital Services Tax
- The idea of the VAT groups is good, but needs some improvements
- VAT exemption for the catering industry, applicable from Jan. 1, 2024
- Intra-group services by multinational companies to subsidiaries in Russia
- Pre-filled VAT returns, the new way forward? These countries (will) implement(ed) it.
- Draft: The Government wants the electronic invoice to be mandatory in all transactions of freelancers and businesses
- Which catering transactions are exempt from VAT?
- Vehicle evacuation services by a resident to a resident are subject to 20 UA VAT
- Is a free transfer of assets subject to VAT?
- Determining the VAT and excise tax base for retail trade in excisable goods
- VAT and the sharing economy: Summary of responses
- Scanwell Logistics (UK) Ltd – FTT decision – whether Onward Supply Relief was available – no – taxpayer loss
- VAT On Supply Of Means Of Transportation (A Bus Or Train) Used For Public Transportation
- Post-Brexit: Businesses Must Have a VAT Compliance Plan-of-Action in Place
- VAT Returns – Failure to submit or pay VAT on time – Surcharges and penalties
- The changing face of the humble take-away
- What you need to know about business VAT registration with HMRC
- A company can not back-date its membership of a VAT Group
- Isle of Man Issues Release on Change in Temporary VAT Reduced Rate for Certain Supplies from October 2021
- Back to basics: Transactions with associated business
- HMRC Policy paper: EU e-commerce package
- Guernsey Considering New VAT To Solve Financial Woes
- HMRC Guidance: Opting to tax land and buildings (VAT Notice 742A)
- HMRC Guidance: Check if you can pay a reduced amount of Customs Duty
- Form: Set up a Direct Debit for VAT Annual Accounting Scheme payments
- VAT Investigations
- Fraudster ordered to pay £37 million
- Land and property exemptions
- One Stop Shop – Northern Ireland
- Overseas VAT Refund Scheme
- Penalty Regime for Deferred VAT
- Proplend launches VAT lending product
- Jail for man who exploited VAT loophole to ‘steal £1.89m from public’
- Ministers urged to scrap VAT on holiday Covid tests as a family of four would fork out £1,328 to travel to Spain
- Jailed VAT fraudster spent stolen cash on Spanish villas
- Digital Services Tax – Interaction with VAT Reverse Charge
- VAT Investigations – HMRC’s methods of establishing underdeclarations
- End of the 90 day rule for notifying VAT options to tax
- Import Agents and VAT Recovery
AFRICA
- Guide to fiscal information – Key economies in Africa 2021
- East African Community implements tariff changes
- It’s illegal for FIRS to collect VAT in Rivers – Court
- Administration of Value Added Tax In Nigeria: Goods And Services Exempt
AMERICAS
- Federal Court Of Appeal: Aeroplan Promos To CIBC Subject To GST
- Canada Department of Finance Consulting on Border Carbon Adjustments
- Ways to Minimize the Cashflow Impacts of GST/HST
- Relevant Factors in Employee or Independent Contractor Determination
- Mexico delays deadline for complying with the tax implications of the recent outsourcing reform
- Tax Declaration for Digital Service Providers in Mexico
- Missouri DOR Letter Ruling Addresses Compliance Aspects of Marketplace Seller’s Online Sales
- Alabama DOR Issues Simplified Sellers Use Tax and Marketplace Facilitator Guidance
- Senate-passed infrastructure bill would reinstate superfund excise taxes
- Retail sales tax nexus for out-of-state seller (Washington State)
- Sales tax relief for food establishments (Connecticut)
- Non-taxable cable television services (Colorado)
- Minnesota Updates Q4/2021 Local Sales and Use Taxes
- Ohio: Repeal of sales tax on employment services
- Maryland updates digital products sales tax guidance
- North Dakota: Q4/2021 Local Sales and Use Tax Rate Changes
- Multistate: Marketplace Facilitator Law Roundup
- How Pennsylvania reaped an online sales tax windfall
- North Dakota Publishes Q4/2021 Local Sales and Use Tax Rate Changes
ASIA-PACIFIC
- Facebook pays $ 0.288 m in VAT for first time in progressive Bangladesh
- VAT evasions galore despite exemptions
- Intel unit finds Tk 1,676cr in VAT evaded in FY20-21
- Google pays Tk 2.3cr VAT to NBR
- Now gift and cashback vouchers will attract 18% GST
- Online gaming industry in India seeks clarity on taxation
- Car Seat Covers attract 28% GST: AAR [Read Order]
- GSTN issues Advisory on GSTR 1 JSON Errors and Resolutions
- Revenue Secretary Tarun Bajaj: GST Council to take up rate rationalisation; assures industry of stable tax regime
- Blocking of e-Way Bill generation Facility for Non-filing of GST Returns
- Cryptocurrencies & GST
- GST on Ecommerce industry
- 18% GST payable on Diesel as part of a Composite Service
- GST dept starts campaign against unregistered businesses
- Advance Ruling18% GST payable on Diesel as part of a Composite Service 18% GST payable on Diesel as part of a Composite Service
- A2ZTaxCorp’s Weekly GST Communique dated August 09, 2021
- Input tax credit available on installation of Solar Power Panel as electricity so generated captively used for manufacture of taxable goods
- Supply of vouchers and it’s taxability under GST – Dispute Continues
- GST Council Secretariat Newsletter – July 2021
- Supply of vouchers & it’s taxability under GST – Dispute Continues
- 18% GST payable on Manpower Services like Data Entry Operator, to City Corporation or Municipalities: AAR
- Non-filing of GST returns restricting independence of taxpayers
- GST rate for supply of electrically operated vehicles without fitting of battery
- No Service Tax on liquidated damages recovered for not adhering to time limits mentioned in contract
- IIM is Government entity and liable to pay GST under RCM on receipt of legal services: AAR
- Four Years Of GST – What Can India Do To Improve GST Efficiency?
- Avoidance of GST by E-commerce Companies
- CGST Act 2017 updated till 01st August 2021- Free E-Book
- GST Annual Return & Audit (GSTR 9 & GSTR 9C) For FY 2020-21
- Tax Compliance & Statutory due dates for August, 2021
- CBIC clarifies 5% GST on milling of grains into flour
- Haryana: Dushyant Chautala launches Model-2 of GST implementation
- GST Compliance booklet
- LLPs are not covered under the definition of ‘body corporate’ not liable to pay service tax under RCM
- No interest on reversal of wrongful availment of credit
- Blocking of E-Way Bill generation facility resumed from August 15, 2021
- CBIC launched Indian Customs Compliance Information Portal
- India Notes Level GST Input Tax Fraud and Counter Measures
- Pooled investment funds likely to attract service tax
- 10% VAT exemption for renting business space, valid for three months
- Criteria for a VAT-free house
- Indonesia Providing VAT Relief for the Retail Sector
- COVID-19 Pandemic: Government Announces VAT Incentive on Leased Spaces for Retail Traders
- Sales Tax (Persons Exempted From Payment Of Tax) (Amendment) (No. 3) Order 2021
- Deloitte Malaysia’s Indirect Tax Chat July 2021
- Sales tax exemption
- Singapore Publishes Updated GST Guide on Exemption of Investment Precious Metals
- 6 men charged for alleged involvement in GST fraud involving S$114 million of fictitious sales
- VAT on digital services (e-services) provided by foreign operators will apply as of 1 September 2021
- Thailand’s application of VAT on digital services (e-services) provided by foreign operators will apply as of 1 September 2021
- Will the E-Service Tax Law in Thailand Create a Fair Business Environment between Domestic and Foreign Service Providers?
- Thailand Explains New VAT Rules For B2C Electronic Services
- COVID-19: a 30% VAT reduction would be provided for certain service sectors and relief from penalties for late payments arising in 2020 and…
- Vietnam Tax Guide 2021
- Updates on the proposed taxing mechanism for cross-border e-commerce & digital transactions in Vietnam
- Vietnam Introduces and Suspends E-Commerce Tax Rules for Business Households and Individuals
- COVID-19 Pandemic: Vietnam Proposes VAT Payable Reduction for 2021
MIDDLE EAST
- How does the FTA Define VAT Treatment of Disbursement and Reimbursements?
- Relaxation in Customs Service Fees for movement of goods via Dubai Trade Ecommerce platform
- Dubai: Customs Notice 13/2021: Movement of E-Commerce Goods between companies
- VAT between Effective Date & Notification of VAT Registration!
