Many people think that VAT is the most complicated tax there is. Perhaps that’s true. But this perception also exists because companies have to deal with VAT every day. Every transaction is subject to VAT, whereas other taxes only apply to specific occasions or periods. It still baffles me that most multinationals that have a tax department have more people dealing with tax on profits than tax on turnover or sales.
With VAT being a transactional / operational tax, the growth of technology seems logical, as companies (and governments) want and need the information quicker and more detailed. Systems and (also very important) processes must be adapted so that the VAT rules can still be applied correctly, but reporting can be done real-time.
And as technology becomes more important every day, we see that the role of a VAT specialist is also changing. The traditional lawyer or economist who interprets and explains the laws and rules is slowly replaced by the person who knows these rules, but who also knows and understand how these rules can be applied and implemented efficiently.
Just a thought, but did the fact that the VAT person in a company often was alone, result in the advance of technology in the VAT world? ‘Desperate’ VAT people trying to get the extra hands (and to some extend the extra brains) they need to get all the work done?
Microsoft, Apple and Google may do a fine job. But the real hero’s of the technological evolution may well be us: the readers of VATupdate. Because we know VAT!
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WORLD
- B2G e-Invoicing and PEPPOL in Europe and Beyond
- Discover the Global Indirect Tax Developments/Law Changes applicable as of 2022
- Reduce E-Filing Complexity with Intelligent VAT-related Data Mapping
- Global VAT rate changes as of November 1, 2021
- Discounts, flash sales and customs valuation
- Sovos White Paper: Bridging the IT-Tax Compliance Gap
WEBINARS / EVENTS
AFRICA
AMERICAS
- Canada: Online platform operators and streaming service providers in Manitoba pay 7% retail sales tax, effective Dec. 1, 2021
- Digital platforms in Manitoba responsible for Retail Sales Tax (RST)
- Guidance on non-invoiced inventory outflows
- VAT treatment of e-book sales: Online sales exempt from VAT if scientific or cultural
- Mexico, China, and Hong Kong Origin Issues in the Trade Spotlight
- VAT rates in Mexico
- 2022 Budget: No VAT credit for activities outside scope of VAT
- VAT rates in Peru
- Draft VAT measures: VAT in Digital Economy, extend VAT exemptions, life insurance policies subject to VAT
- Puerto Rico’s Treasury Department announces new monthly return for consolidated sales and use tax and tax on imports effective for the month…
- Puerto Rico Introduces Consolidated Monthly Return for Sales and Use Tax and Import Tax
- VAT rates in Puerto Rico
- New consolidated form for monthly reporting of sales and use tax and tax on imports
- US and EU agree to end steel and aluminum tariffs and cooperate to address carbon intensity
- EU and US agree to start discussions on a Global Arrangement on Sustainable Steel and Aluminium
- Kentucky’s Manufacturing Supplies Sales Tax Exemption: Century Aluminum
- Colorado voters appear to reject marijuana sales tax hike
- Kansas: Clarification of obligations marketplaces and remote sellers
- Iowa DOR Addresses Taxability of Web Hosting Services in Relation to Certain Digital Products
- Illinois: Whether Out-of-State Retailer Qualifies as a Marketplace Facilitator
- Colorado: Taxability of Online Learning Products and Internet Ad Services
- Michigan removes sales tax on tampons, other menstrual products
- Illinois’ online shoppers face full local sales tax rates this holiday season
- What You Need To Know About Holiday Shopping And Online Sales Tax
- Retailer, Not Amazon, Must Collect and Pay California Sales Taxes, Says Office of Tax Appeals
- Charitable Purpose Alone Not Enough to Qualify for Sales Tax Exemption in Minnesota
- Ohio Republicans Propose to Exempt Certain Firearms from Sales Taxes
- Is Alaska Adopting a State Sales Tax?
- Is food taxable in Colorado?
- When should a business charge sales tax on services?
- California: Publication 109, Internet Sales October 2021
- Florida to Amend Sales Tax Rules for Marketplace Sellers
- Marketplace Facilitator Nexus Criteria in Every US State
- The strategic value of tax technologies (State and local perspective)
ASIA-PACIFIC
- Finance Ministry invites suggestions for changes in direct, indirect taxes from trade, industry bodies
- Verzenden Full Citation Full Order Save Document Print Supply of potable water as per agreement with municipality is exempt from GST: AAAR
- Opposition asks Kejriwal to roll back VAT on fuel
- GST advance rulings are applicable within the particular state only
- Blocking and Unblocking of E-Way Bill FAQs
- After govt reduces excise duty, states slash VAT on fuel
- Payment of Salary by Supplier can’t be excluded from Value of Supply for the purpose of Valuation under GST: AAR
- No Separate GST Registration required for Selling Goods before clearing it for Home Consumption from Port of Import: AAR
- GSTR-3B July, 2017 to Sept, 2017─ Unilateral Rectification Invalid
- GST Compliance Calendar for the month of November 2021
- A2ZTaxCorp’s Weekly GST Communique dated November 01, 2021
- Tax proposals in budget for 2022 includes changes for digital services/platforms/e-commerce
- Malaysia Sales Tax on low-value B2C imported goods 2023; Service Tax on delivery services 2022
- Singapore issues guidance about the responsibilities of a GST-registered business
- Singapore issues guidance about GST rules for export of goods
- Singapore issues guidance about GST rules for logistics and freight Forwarding
- Taxation of e-commerce and digital-based transactions
- 30% VAT reduction from 1 November to 31 December 2021
- Vietnam: From January 1, 2022, e-commerce and digital businesses need to register and declare tax on B2C transactions
EUROPE
- Roadtrip through ECJ Cases – Focus on ”Exemption – Financial transactions – deposit and current accounts, payments, transfers, debts, cheques and other…
- Roadtrip through ECJ Cases – Focus on ”Exemption – Financial transactions – Credits and transfer of Credits” (Art. 135(1)(b))
- ECJ C-521/21 Aquila Part Prod Com vs HU (Questions): Denial of input VAT due to fraud, without carrying out checks
- Commentary to ECJ C-324/20 (X-Beteiligungsgesellschaft) – One-time supply of services with payment in installments can cause a serious cashflow issue for the…
- Flashback on ECJ Cases – C-461/12 (Granton Advertising) – No exemption for the sale of a discount card
- Flashback on ECJ Cases C-281/91 (Muys’ en De Winter’s Bouw- en Aannemingsbedrijf BV) – Grant of deferred payment against consideration of interest, by…
- ECJ C-459/21 (The Navigator Company et Navigator Pulp Figueira) – Question – Right to deduct VAT on motor vehicle expenses, travel and…
- ECJ C-213/19 (Commission v United Kingdom) – AG Opinion – Combating fraud on undervaluation of goods
- ECJ: VAT on entire amount of brokerage commission payable immediately even if fee is paid in instalments
- Flashback on ECJ Cases – C-128/05 (Commission v Austria) – Non-established taxable persons carrying out passenger transport services in Austria to submit tax…
- Flashback on ECJ Cases – C-187/14 (DSV Road) – No deduction of VAT on import by the carrier
- Roadtrip through ECJ Cases – Focus on ”Right to deduct VAT – VAT paid on the importation of goods” (Art. 168(e))
- EU reduced VAT rates raises compliance costs
- Input VAT deduction only with invoice but without need for minimum mandatory information?
- Master thesis of Juliana Silva: The concept of fixed establishment: relevance, difficulties and achievements
- Summitto’s take on the European Parliament’s report: how to reduce the VAT gap without increasing compliance costs?
- Fiscalis 2021 Workshop “VAT in the Digital Age”
- A one-time supply of services which are remunerated by means of payment in installments can cause a serious cashflow issue for the supplier because they may…
- Importance of environmental taxes – Plastic Packaging Tax
- US and EU agree to end steel and aluminum tariffs and cooperate to address carbon intensity
- EU and US agree to start discussions on a Global Arrangement on Sustainable Steel and Aluminium
- Understanding VAT Obligations When Organising European Events
- Mining and exchange of cryptocurrencies as a tax-exempt service
- Special scheme for Tour Operators (TOMS)
- Higher court confirms the granting of interest for overdue VAT credits
- Proposed VAT measures pending in draft law
- Transfer of materials by a Belgian contractor to another Member State as part of a construction site
- Changes to Belgian VAT exemption for (para)medical activities per Jan 1, 2022
- Belgian VAT authorities limit the VAT exemption for services related to export (C-288/16)
- Czech VAT registration threshold doubles to CZK 2million 2022
- Czech finance ministry seeks increase in VAT threshold
- Ministry of Finance will ask the European Commission to increase the VAT registration threshold
- The Ministry of Finance will ask the European Commission to increase the limit for VAT payers
- Guidance: Temporary stops in Denmark are made solely for logistical reasons – goods are therefore not supplied from DK
- Guidance: Unregistered taxable business with bingo and other additional games was not exempt from VAT
- Guidance: VAT – right to deduct expenses incurred by partners
- First flavour of the planned ambitious e-invoicing and e-reporting reform
- Fictitious invoice: the 50% fine in accordance with the Constitution
- Invoicing requirements for input VAT deduction
- VAT fully chargeable at the time a supply is carried out – even in the case of instalment payments
- Postponed: warranty commitments granted for remuneration as insurance transaction
- Sale of admission tickets for events, non-objection regulation
- Germany Steps Closer to Introducing Continuous Transaction Controls
- German VAT Cut Unleashed $39 Billion Spending Spree
- Revocation of a waiver to a VAT exemption on real estate transactions
- Fuel card sales – draft of a new BMF letter
- Germany MOF Releases Court Decision Explaining VAT on Intensive Care Services
- Fuel Cards – Draft of a Circular from German Ministry of Finance (C-235/18)
- VAT exemption for delivery by taxable person established within the country to a tourist not established inside
- myDATA: second phase of the mandate starts on 1 November 2021 and extends to all other taxpayers
- Refund of VAT and invoice issued by mistake or with errors
- Deadline to adhere to online service for electronic invoices extended till Dec 31, 2021
- Budget 2022: VAT rate on feminine hygiene products is reduced from 22% to 10%
- Italy Publishes Lists of Companies Subject to VAT Split-Payment for 2022
- Answer 757: VAT Group – Delineation of the subjective perimeter – Starting date for the inclusion of newly established companies in the VAT Group
- Answer 756: VAT regime of post-Brexit transactions between Italian branch and parent company belonging to an English VAT Group
- Answer 758: Holding company and VAT deduction
- Answer 759: VAT to services related to devices implanted in the human body
- Answer 760: VAT to services rendered to subjects carrying out the activity of collecting bets
- Broader application of VAT exemption for asset management fund exemption
- Fund Management Exemption Decree updated
- Amendment of the VAT Decree: broader application of asset management exemption
- No revision via VAT return of incorrectly invoiced VAT
- Claim your Dutch VAT over past 5 years
- New Norwegian VAT return from 01.01.2022
- Typical VAT implications in Public-Private Partnership Projects
- Reverse charge for non-established companies
- Changes in the Polish VAT Act – SLIM VAT 2 – Bad debt, Triangulation, Deduction VAT on I/C Acquisitions
- Sejm passed the act implementing the National System of e-Invoices (KSeF), now the President needs to sign
- Romania Takes the First Steps to Introduce National E-Invoicing
- Implementation of the Standard Audit File for Tax (SAF-T)
- Romania – the chaos of the VAT rate for immovable property
- Order published on the Model and Procedure for the organisation and registration in the RO e-Invoice Register
- What’s new when it comes to the introduction of the SAF-T reporting system in Romania?
- Romania SAF-T – Declarației informative D406 – 2022
- eFiscalization Main Novelties in Serbia
- VAT representative in Serbia
- Serbia e-invoicing 1 January 2022
- Switzerland: a country without customs duties?
- Consultations for VAT and services to aviation companies (deadline for comments completed)
- Consultations for VAT and electronic billing (deadline for comments completed)
- Consultation for VAT treatment of pharmacists (deadline approaching)
- Consultation for VAT treatment of trusts and foundations (deadline approaching)
- Consultation for private share of business vehicles (deadline approaching)
- Swiss Federal Tax Authorities – New website
- Non-deductible VAT to be included in the cost price
- VAT exemption for social media content producers and app developers
- Taxation of motivational fees
- Write-off of “low price”: what about VAT?
- Importation of goods under the customs regime of re-import
- VAT rate for art and cinema
- Taxation of motivational fees (premiums, bonuses, other incentives)
- Transactions within legal entity: is there an object of VAT taxation?
- Facebook and Google advertising services to individuals: draft order of the Ministry of Finance
- Yevhen Oleynikov: It has become much more difficult for fraudsters to implement VAT abuse schemes
- Scheme of VAT evasion worth more than 114 million hryvnias was exposed in Kharkiv region
- Features of electronic account replenishment in VAT SER
- HMRC Guidance: VAT Rates Food products (VAT Notice 701/14) (Updated)
- HMRC Statutory guidance: Notices made under the Taxation (Cross-border Trade) Act 2018 (Updated)
- VAT exemption does not apply for temporary consultant haematologists: Upper Tribunal
- Jersey to bring foreign e-commerce and marketplaces into GST net 2023
- Plastic Packaging Tax – Legislation in UK Budget Finance Bill and consultation on new regulations
- VAT Registered Businesses Not Already Making Tax Digital Compliant Need To Prepare For Changes Next Year
- Italy’s Department of Finance has published the latest lists of companies subject to the value added tax (VAT) split-payment system, which apply for 2022.
- HMRC issues updated guidance on VAT self-supply charge
- Own Goods Movements/ Movements Of Goods Around A Corporate Group Post Brexit
- HMRC Collection: Customs, VAT and Excise UK transition legislation from 1 January 2021
- Oops! – Top Ten VAT howlers
- Selling Your Land For Housing Development – VAT Considerations
- Plastic Packaging Tax: Statement on invoice that tax has been paid, is delayed
- UK Online Sales Tax review to reduce high street retailers’ business rates
- An Often Overlooked Area- Own Goods Movements/ Movements Of Goods Around A Corporate Group Post Brexit
- HMRC Policy paper: Notification of uncertain tax treatment for large businesses
- VAT and Electric Vehicles
- VAT Reclaim and International Business Travel After Brexit
MIDDLE EAST
- ZATCA Initiates Tax Inspection Campaign
- ZATCA Proposes Amendments to VAT Regulations: Tax Invoices, Credit and debit notes and Records
- ZATCA issues Entertainment activities guide
- ZATCA introduces New B2G Tax Point
- A state of play on tax litigation in KSA
- UAE Federal tax authority (“FTA”) revises the VAT rules regarding “Designated zones”
- Amendments to Tax Procedures law
- Filing VAT Returns in the UAE? Avoid these Common Mistakes
- Tax procedures effective Nov 1, 2021
