What are the things that you remember best? Probably, these are things that relate to change. It can be as simple as a change in the weather, or something that has (had) a big impact on your life or work such as an illness or an accident. It’s understandable that you remember things because of these changes.
VAT policy makers don’t like changes. They prefer everything staying the same as it is, because that way they can ensure that the rules can always be applied the same. But we all know that a world without change is not going to happen. Look at technology and how much that has changed the world in the past 100 years.
It’s understandable that tax policy makers and tax authorities have a hard time keeping up with all the changes. Their simple solution for that: let’s have all the businesses take care of the compliance, so that the tax inspector only has to sit back and hold up his hand. And tell the business where he’s doing something wrong.
That always seems unfair: businesses having to run hard to comply with all the rules, and effectively acting as unpaid tax collector. Only risk and no benefits… Or not?
We can think of a few advantages for businesses (although we had to think very hard). VAT is due on every transaction, and thus has an effect on many processes in the business. This can help the business to ensure that all the processes are documented and set-up completely and correctly. In practice, the VAT process is often linked to the existing business processes, but the other way around, the VAT process can be valuable for completing the business processes.
We told you we had to think very hard…
If you have any (better) thoughts, please share them with us. Either send us an email at [email protected] or leave a comment under the posts of this newsletter on LinkedIn.
Have a great week!
To go to the specific region of your interest, follow the link below.
We’re looking forward seeing you again next week.
WORLD
- Customs tariff codes need to be adapted on Jan 1, 2022
- Green Tax Tracker
- PE Watch | Latest developments and trends, November 2021
- VAT Obligations for Event Organisers – top tips in 4 minutes
- Tax administrations advance with digital transformation
- Job opportunities in Hungary, Ireland and Spain
- Job opportunities in Canada, United Kingdom and United States
- Job opportunity: European VAT compliance manager, Amsterdam, The Netherlands
- Job opportunities in Belgium, Netherlands, Romania, Spain, UAE, United Kingdom and United States
- Job opportunities in France, Hungary, Poland, Sweden and United Kingdom
WEBINARS / EVENTS
- Sovos webinar – VAT Snapshot: What’s new in the world of e-invoicing (Dec 2, 2021)
- Webinar by SNI on November 17, 2021: How can taxpayers adapt to the new SAF-T regulation in Romania?
AFRICA
- Tax implications of digital transformation in the consumer goods and retail sector
- E-invoicing and interaction with transfer pricing: a Middle East and African perspective
- Tax Appeal Tribunal rules on use of Transaction Value Method for customs valuation
- Revenue Authority takes further measures to help taxpayers comply with VAT requirements
- VAT amendments, revised definitions intended to provide relief for certain sectors
- Guidelines On Simplified VAT Compliance Regime For Non-Resident Suppliers
- Nigerian states launch VAT tax grab
- VAT row: FG eyes out-of-court settlement
- Simplified VAT regime for goods or services sold via electronic or digital platforms
- Interpretation note 70: Definitions of “enterprise”, “taxable supply”, “input tax”, “donation” and “consideration”
- VAT Rulings Process Reference Guide
- Guidance/interpretation: VAT implications resulting from the participation in loyalty programmes
AMERICAS
- National Assembly approves the implementation of E-Invoicing System as of July 30, 2022
- Panama Assembly Considers Bill to Extend VAT to Digital Services
- Alabama DOR Reminds Taxpayers About Annual Tax Account License Renewal Requirements
- Streamlined sales tax for SaaS
- Kansas clarifies sales tax responsibilities for remote retailers and marketplaces
- Compliance in the New Year: Are you prepared for 2022?
- Who needs to collect district sales and use tax in California?
- Iowa Adds Guidance About Sales Tax for Web Hosting Services
- Minnesota Clarified Rules for Non-Profit Sales Tax Exemptions
- Wisconsin Proposes a Bill to Exempt Diapers and Feminine Products from Sales Tax
- Etsy Sellers Guide to Sales Tax
- California’s retroactive sales tax ‘devastating’ for third-party sellers
- Florida, Kansas, and Missouri enact remote seller and marketplace facilitator collection requirements
- Mississippi repeals prepayment requirements
- Missouri requires electronic filing
- Massachusetts requires sales tax prepayments
- Louisiana: Changes to Sales Tax Filing and Payment Requirements for Consolidated Filers
- Is food taxable in Louisiana?
- Florida: Changes to the tax rules for Marketplace Sellers
- Texas Comptroller Says Social Media Management Services May Constitute Taxable Data Processing
- Pennsylvania DOR Explains Taxability of and Compliance Requirements for Equipment Rentals and Services
ASIA-PACIFIC
- Banks asked to submit non-resident cos’ VAT details to customs
- NBR to remove VAT exemption certificate requirement for port services
- High Courts Weekly Round-Up
- GST Department Is Issuing Notices For Mismatch In Input Tax Credit
- What is TDS (Tax Deducted at Source)? TDS File, TDS Return & TDS Rates
- Transfer of going concern – Re(de)fining GST exemption
- GST Council likely to focus on rate rationalisation
- GST officer locked up and beaten inside pub
- No Separate GST Registration in Karnataka required. Invoice can be raised by charging IGST from their Registered Office
- CBIC for strict enforcement to check fake invoicing
- Implication of GST rate change in carbonated beverage with fruit
- CBIC not empower to issue clarification on GST Rate: Madras HC quashes CBIC Circular on Fish Meal used for making Cattle, Poultry, Aquatic Feed
- Kerala HC ask GST Council reasons for non-inclusion of Petrol/Diesel under GST
- GST Compliance calendar for November 2021
- Cryptos are likely to attract both income tax and GST
- Registration with Department, not a prerequisite to claiming GST Refund
- Kerala High Court Seeks GST Council’s Response on exclusion of Petrol & Diesel From GST
- GST Refund can’t be denied for mere existence of Non-Functional Alternate Forum on Paper
- GST On Educational Institutions
- ITC cannot be availed on second hand car if applicant opted for concessional rate
- A2ZTaxCorp’s Weekly GST Communique dated November 08, 2021
- Indonesia e-Factur Pajak electronic invoicing
- Tax law amendments: Removal exemptions for medical & financial services, introduction carbon tax
- Technical decision summary – Undisclosed cash sales and liability for shortfall penalties
- Draft interpretation statement: GST and finance leases
- FBR to abolish sales tax concession on sugar by month-end
- Pakistan Announces Development of Single Sales Tax Portal
- Updated FAQs published on e-services tax
- VAT exemptions for asset transfers within 180 days of registration as a public financial institution
EUROPE
- ECJ C-398/20 (ELVOSPOL) – Decision – Bad debts: Condition that debt did not arise during the 6 months preceding the declaration of bankruptcy is invalid
- ECJ T-561/21 State aid – Postal sector – VAT exemption for certain transactions carried out by the universal service provider
- ECJ C-281/20 analyzed – Part 2: ”naming” and ” status” of the supplier, formal or material condition for the right to deduct VAT
- ECJ C-281/20 analyzed – Part 1: Formal vs. material requirements of the Right to deduct VAT
- Flashback on ECJ Cases – C-440/12 (Metropol Spielstätten) – Regulation of a Member State subjecting the operation of low-price slot machines to VAT and…
- Flashback on ECJ Cases – C-58/09 (Leo-Libera) – Exemption for games of chance may only apply to certain games of chance and money
- ECJ C-596/21 (Finanzamt M) – Questions – Right to deduct VAT in case of Tax Evasion in a prior transaction
- Flashback on ECJ Cases – C-446/15 (Signum Alfa Sped) – Right to deduct VAT even if the issuer of those invoices could not have been the actual supplier of those…
- ECJ C-281/20 (Ferimet, S. L.) – Decision – No Input VAT deduction for self-invoice with reverse charge VAT with fictitious supplier
- The EU Self-Surplus Puzzle: An Indication of VAT Fraud?
- Are fiscalization rules affecting E-commerce?
- VAT Refund in case of discounts: The Boehringer Ingelheim Judgments
- Revision of the EU Combined Nomenclature
- Filing VAT Returns and Other Obligations
- Medicine-related subsidies paid to health insurance company treated as price reduction for VAT purposes
- Which EU Member States implemented ”Domestic Reverse Charge” (Art. 194 of the EU VAT DIrective 2006/112/EC)?
- VAT and digital platforms facilitating supplies of services: Act in own name?
- VAT for funds: beyond the exemption for fund management services, other methods to improve the VAT position of investment funds?
- European Commission published a study of supplies made on board means of transport
- New Technologies in VAT Reporting, Collection and Auditing: Legal Opportunities and Challenges (VATTECH)
- Update on Northern Ireland Protocal meeting between EU and UK
- Belgian Minister of Finance confirms intention to mandate B2B e-invoicing
- Proposed amendments to the Belgian VAT Act
- Guidelines on application of DAC 6 legislation issued
- Employers want lower VAT on electricity bills for 3 months
- VAT Refund for Online Purchases Outside the EU
- VAT refund for IOSS items
- French 2022 Finance Bill imposes additional new criteria on Intermediaries filing IOSS returns
- Import VAT reverse-charge will be automatically applied as from January 2022 in France
- French Tax Unification Update: Automatic Reverse Charge of Import VAT from January 2022
- Finance Bill for 2022 – Simplification and compliance with EU law
- Authorities issued detailed guidance on Import VAT deferral
- New Caledonia – Increase of VAT rates to 11% for services as of 2022, increase of standard and reduced rate as of July 2022
- Automatic reverse charge of import VAT as of 2022
- VAT rates in New Caledonia
- Electronic invoicing: the countdown has begun!
- Supreme Court of Germany released the decision regarding the input tax claim appeal for retail sales
- Taxable base for gambling slots
- Germany VAT rate cut boosted household spending
- Federal Fiscal Court: Input VAT on the acquisition of the authorization to use the supplier’s sales areas to market their own products
- Germany highlights slow IOSS adoption
- New obligation to submit cross-border e-invoice data applies as from 1 January 2022
- Payment of VAT for the registration of non-EU cars
- New VAT compliance rules, e-invoicing extended to cross-border transactions effective January 2022
- Management of public housing assets – Mandate without representation without representation – Liability – Right to deduct – Split payment payment
- VAT rate for construction of reception centers for migrants
- VAT treatment of post-Brexit transactions between an Italian branch and a parent company belonging to an English VAT Group
- VAT treatment of the “Sale and sale back” – Court of Cassation
- New reporting requirements for cross-border transactions from 1.1.2022
- European Commission authorizes Italy to apply mandatory B2B E-Invoicing till end of 2024
- Treatment applicable to the contracting out of a variety of services services performed as part of a library
- Italian e-invoicing regulation overview
- Italy replaces Esterometro with SdI from 2022
- EC calls on Denmark, Croatia and Lithuania to explain how they implemented the VAT e-commerce package
- Lithuania i-MAS VAT reporting
- Post-Master EU VAT (in English) Erasmus University Rotterdam
- Wider scope for VAT exemption collective asset management
- Mind sports organizations subject to VAT from 2022
- Horse export to the United States not made plausible
- Amendment to ‘sailing on the high seas’ in OB Decree Regulation Table II
- Instruction for mind sports in turnover tax decree Explanation Table I amended
- Portal to submit Dutch VAT returns updated as from January 2022
- PostNL notices impact of new VAT rules for items shipped from outside the EU
- Refusing a shareholder as an authorized representative does not limit organizational interdependence
- Questions about tax liability and VAT liability in the sale of sexual services (prostitution)
- Remuneration for taxable conversion service
- Change of VAT regulation for foodstuff (reduced rate)
- Submitting Active Regrets no longer required from January 1, 2022
- From 1 January 2022, Poland will implement KSeF
- Qualified signature using the SHA-1 algorithm only until the end of 2021
- Reverse charge in Poland
- E-commerce package and cash registers
- Probation officer remuneration after the 2019 amendment with VAT
- VAT payments under the OSS procedure on special terms
- Revolutionary changes in invoicing are getting closer
- Error in JPK_VAT without active regret
- Romania plans digital tax on streaming services
- SAF-T: New entrants on the list of major taxpayers will have to submit the first Declaration 406 by 31 January 2023
- Plans to impose on streaming service operators, such as Netflix, HBO, Amazon Prime, a 4% tax on revenues obtained in Romania
- VAT rate for firewood reduces to 5% as of December 1, 2021
- ANAF issues Order on SAF-T Reporting
- Launch of New Communication and IT System for e-invoicing
- List of bank accounts to be introduced in Slovakia – Reporting obligation must be fulfilled by 30 November
- VAT Reporting Obligations – Obligation to notify the bank accounts used for VAT taxable transactions
- Slovakia e-invoice proposal: 1 January 2023 for mandatory B2B and B2C domestic transactions
- Obtaining services from a non-resident in Ukraine for use in non-economic activities: what are the VAT consequences?
- Leased property returned – subject to VAT?
- Should I charge VAT on the transfer of goods within a legal entity?
- Features of VAT taxation of re-import of goods
- Updated rules of VAT exemption of diplomatic missions and consulates apply from October 28
- Update on Northern Ireland Protocal meeting between EU and UK
- HMRC Guidance: Check if you need to register for Plastic Packaging Tax
- HMRC Guidance: Claim a waiver for duty on goods that you bring to Northern Ireland from Great Britain or countries outside the UK and EU
- Guidance: Finding commodity codes for imports into or exports out of the UK
- What are Freeports? VAT implications
- Leaflets for hauliers about new rules for moving goods between the EU and Great Britain
- HMRC Guidance: Apply to access Customs Handling of Import and Export Freight (C1800)
- Cambridge rowers beat HMRC in VAT case
- Stormont Finance Minister urges VAT exemption on energy bills
- UK HMRC Resolving Repayment Issues for Overseas UK VAT-Registered Traders Following Brexit
- Are you prepared for the Plastic Packaging Tax?
- Impact assessment Overseas UK VAT-registered traders – non-established taxpayers (NETP)
- EU could shelve Brexit trade deal if UK triggers article 16, Irish minister warns
- HMRC internal manual: VAT Valuation Manual
- HMRC Guidance: Find out when to make an exit summary declaration
MIDDLE EAST
- Lessons Learned from VAT Audits and Inspections in the GCC
- GCC Indirect Tax Digest – 11 November 2021
- Qatar still considering implementation of VAT
- Qatar General Tax Authority president: VAT under legislation
- No income tax, VAT still under legislation: Qatar tax official
- 6 key questions about e-invoicing in Saudi Arabia
- ZATCA issues updated VAT guide on entertainment activities
- Bahrain VAT rate hike may boost sales of UAE retailers
- Tax Procedures Public Clarification – TAXP003
- Summary of Cabinet Decision on Refund of VAT on Goods and Services Connected with Expo 2020
- Key Changes in the Tax Disputes Procedures
- Tax Registration Number Linking with Customs Registration Number
- Dubai Customs launches an app to help with goods classification
