My daughter likes watching TikTok movies. My little niece likes watching TikTok movies. And apparently millions of other people like it as well.
It’s at those times that I’m feeling very old. I use a computer every day, I have a mobile phone. And generally, I believe that I know my way around modern communications pretty well. But there’s a whole world that exists, that probably many people over 40 don’t know about. Or perhaps they’ve heard about it, but they would never go there themselves.
For example, there is a TikTok channel where a girl cuts-up a watermelon. Every day! And while she’s doing that, she’s chatting about all kinds of things. Her pet, her youth, her visit to the psychiatrist, her girlfriends, global warming… you name it. Sounds exiting, right!?
Read the article on this phenomenon and watch samples HERE.
What’s confusing me, is that she has 2.3 million followers. 2.3 million: that’s more than twice as much views we have on VATupdate, per year! And she’s not the only one, there’s lots of channels and movies with ‘live hacks’.
The VATupdate Team is very small, and while we make our website with lots of love and enthusiasm, we only have limited time and tools available. Otherwise, we may have considered starting a vlog on watermelons ourselves! Well, probably not watermelons, but on the VAT rate on watermelons. And other foodstuffs. Like chocolate.
So please visit our site and spread the word: VATupdate posts ‘VAT live hacks’, such as overviews of ECJ cases and the EU VAT Directive.
If you know the VAT rate of watermelons in your country, please let us know by sending us an email or leaving a comment on LinkedIn.
See you next week!
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
- More than 40,000 newsitems on www.vatupdate.com – HOW TO SEARCH?
- IMF: Value-Added Tax Continues to Expand
- Collection on Fiscalization – the progressive development of legal regulations for the use of electronic recording systems
- Top 10 tax invoicing issues and pitfalls
- VAT and GST tax compliance in a data-driven digital age
- Vertex – Breaking the Boundaries of Tax Exchange Europe 2022 – Tuesday 26 April | London
- Four Emerging Megatrends in VAT
- 5 Ways to Revamp Your Sales Tax Strategy
WEBINARS / EVENTS
AFRICA
- Amendment to allow foreign representatives to purchase motor vehicles from a customs and excise manufacturing warehouse
- Red tape on VAT registration impedes SMEs
- Carbon tax rate goes up but emitters get more time to clean up
AMERICAS
- ICMS on interstate transactions leads to controversy in Brazil
- New Regulation for ICMS Tax on Interstate Transactions in Brazil
- Brazil cuts IPI tax by 25% on inflation worries
- Canada UBL e-invoicing
- Canada cuts Russia and Belarus from Most-Favoured-Nation Tariff treatment
- Canadian Telco Loses Court Bid for Millions in Sales Tax Refunds
- Québec Sales Tax (QST) – Explained
- Financial Service As An Exempt Supply From GST/HST – Guidance From A Canadian Tax Lawyer To Applewood Holdings Inc. v The Queen
- C. Introduces New Marketplace Facilitator Rules For Its Provincial Sales Tax
- Application Of GST In Commercial And Residential Real Estate Transactions
- Export and Brokering of items listed on the Export Control List and the Brokering Control List to Russia
- S. government’s comments opposing Canada’s digital services tax proposal
- Proposal to impose VAT on digital services provided from abroad
- Call for public consultation for the Draft Regulation for non-resident Digital Service Providers
- VAT on the transfer of industrialized goods and services (ITBIS) for non-residential digital service providers
- Input VAT may no longer be creditable for activities performed outside Mexico+
- CFDI deadline extended
- S. government’s comments opposing Canada’s digital services tax proposal
- IT protective services subject to sales tax (New York State)
- How to Use a New Mexico Resale Certificate
- Taxation of services
- Parish-By-Parish: A Helpful Guide To The Complex Louisiana Sales Tax System
- Federal Menthol Cigarette Ban May Cost Governments $6.6 Billion
- Missouri’s Tax Competitiveness
- Online Virtual World “Second Life” to Charge Sales Tax on Subscriptions and In-Game Purchases
- Virginia Extends Sales Tax Exemption of Gold, Silver, Platinum Bullion and Legal Tender Coins Through 2025
- SMBs are Experiencing Employee Burnout at a Rapid Rate Due to Sales Tax Management
- Sales Tax Carveouts: They’re All About That Base
- E-invoicing and digital reporting in the USA
- US Maryland reimposes digital services sales tax
- South Dakota sales tax relief dies in Legislature
ASIA-PACIFIC
- Australia Boosts B2B E-invoicing
- A glance over the Tasman Sea for future GST compliance activity in NZ
- Integrated VAT audit system emphasised
- NBR prosecutes two Famous Group companies over concealing sales to dodge VAT
- Obesity is not a disease: 12% GST payable on pharmaceutical pellets, granules except orlistat pellet: AAR
- Construction of administrative buildings for TSIIC attracts 18% GST: AAR
- Education and training in physical, mental, spiritual practices of yoga attracts 18% GST: AAR
- GST Evasion: CGST Raigad busts fake GST Input Tax Credit racket
- Mango Pulp/Puree attracts 18% GST: AAAR
- GST Council may consider proposal to raise lowest slab to 8%
- GST Updates – March 4, 2022
- GSTN issued advisory on auto-population of e-invoice details into GSTR-1
- Auto-population of e-invoice details into GSTR-1- Advisory
- GSTN issues Advisory on Auto-population of E-Invoice details into GSTR-1 on GST Portal
- 25 March/April Task for Year End Compliances for GST & Income Tax
- GST Updates – March 2, 2022
- GST Compliance Calendar for the month of March 2022
- India Expands E-invoicing Scope From 1 April 2022
- GST Updates – March 1, 2022
- A2ZTaxCorp’s Weekly GST Communique dated February 28, 2022
- Upcoming important updates w.r.t. GST system enhancement
- New e-invoicing rule to bring 180k more firms into GST compliance fold
- Membership Fee collected by Rotary Club subject to GST, Registration Required: AAR
- India lowers e-invoice threshold to 20 Cores April 2022
- GST AAR Rajasthan: GST on educating & training physical, mental & spiritual practices of Yoga
- GST Updates – February 27, 2022
- Credit Note Adjustments on Service Tax Component
- Treatment of services between a branch and its headquarters
- A glance over the Tasman Sea for future GST compliance activity in NZ
- Mandatory e-Invoicing period comes into effect in New Zealand from 31 March 2022
- Decision: Whether GST Taxable Activity and whether in business
- Decision: Deemed consideration for taxable supply
- New Zealand signs historic free trade deal with the United Kingdom
- Pacquiao to give Local government units equal share of VAT proceeds
- Transport strike looms amid call to suspend VAT
- No more VAT in Maynilad, Manila Water bills
- Commuter group seeks suspension of VAT on fuel
- Guidance: Reporting Tax Evasion or Fraud
- Singapore’s New Initiatives for Tax Governance and Tax Risk Management
- Uzbekistan clarifies Representative Offices are not VAT payers
- Are the services of a law firm subject to VAT?
- Uzbekistan Extends VAT Exemption Period for Imported Meat and Vegetable Oil
- Uzbekistan Extends VAT Exemption for Vegetable Oil and Certain Foods
- Characteristics of the electronic invoice in Vietnam
- VAT reduction: impacts and problems in execution
EUROPE
- ECJ C-98/21 (Finanzamt R) – AG Opinion – No Input VAT recovery by holding for free services to subsidiaries that perform mostly VAT exempt activities
- Flashback on ECJ Cases C-16/00 (Cibo Participations) – Costs connected to the acquisition of a shareholding in a subsidiary forms part of its general costs are…
- Flashback on ECJ Cases – Joined cases C-180/10 & C-181/11 – Ex-farmer should not be regarded as a VAT entrepreneur if he wishes to sell this land
- Flashback on ECJ Cases – C-263/11 (Rēdlihs) – Owner of private forest can be taxable person for VAT purposes
- Flashback on ECJ Cases – C-62/12 (Kostov) – A natural person who is already a taxable person is also a ‘taxable person’ in respect of any other economic activity carried…
- Flashback on ECJ Cases – C-29/08 (SKF) – VAT deduction related to disposal of shares if there is a direct and immediate link with the overall economic activities
- ECJ Customs C-752/21 (Otdel Mitnichesko razsledvane i razuznavane) – Questions – Goods confiscated for the benefit of the state
- ECJ Energy Tax C-833/21 (Endesa Generacion) – Questions – Is a coal on tax used for the production of electricity protecting the environment?
- ECJ Customs – C-24/22 (PR Pet) – Questions – Combined nomenclature, cat scratching posts, furniture
- ECJ Customs C-788/21 (Global Gravity) – Questions – Which criteria should be applied to determine whether a product is a container?
- Flashback on ECJ Cases – C-331/14 (Trgovina Prizma) – Sale of land classified as private property are subject to VAT since that taxable person acted as such
- Commentary on ECJ C-637/20 (Opinion) – AG proposes that a city card should be seen as a multi-function voucher
- ECJ C-146/22 Dyrektor Krajowej Informacji Skarbowej vs. PL (Questions)
- Comments on ECJ C-98/21 – According to AG ECJ, holding cannot deduct VAT if subsidiary is not entitled to it when purchasing services directly
- Commentary on C-98/21 (Finanzamt R) (Opinion) – Interposing a holding company – Deduction of input tax linked to a contribution
- Flashback on ECJ Cases C-60/90 (Polysar Investments Netherlands) – A holding company only acquiring shares in other undertakings is not a taxable…
- Russia’s war on Ukraine rewrites EU’s upcoming military strategy
- Fasten the seatbelts for the Upcoming E-Invoicing implementations in the European Union
- Late payment interest on overdue VAT liabilities – An overview of a selection of EU countries
- European Commission proposes new Directive on corporate sustainability due diligence aimed at establishing legal accountability for global value chains
- REPORT on the draft Council directive amending Directive 2006/112/EC as regards rates of value added tax by Committee on Economic and Monetary Affairs
- Real-time reporting and the reverse charge mechanism
- European Parliament provides recommendations on EU Carbon Border Adjustment Mechanism
- Grant Thronton – Indirect Tax Update – ECJ Cases
- VAT in the Digital Age 2022 Initiative Explained
- VAT exemptions make health care more expensive & reduce availability – contrary to purpose
- European Commission to further extend the VAT reverse charge mechanism to combat intra-community fraud in the EU
- This is what happened in the ECJ (VAT) in February 2022
- Agenda of the ECJ VAT cases – 3 cases announced till April 1, 2022, 2 AG Opinions, 1 hearing
- EU VAT Directive 2006/112/EC explained: Art. 220a & 226b- Invoicing – Simplified Invoice
- EU VAT Directive 2006/112/EC explained: Art. 220 & 221 – Invoicing – For which transactions should an invoice be issued?
- EU Finance Ministers Agree On Reduced VAT To Support Climate Goals
- EU to extend VAT fraud reverse charge measure
- How to check if a company is VAT registered
- Obligation to provide an overview of payments to foreign companies in violation of EU law
- Council Regulation (EU) 2022/328 of 25 February 2022: restrictive measures in view of Russia’s actions destabilising the situation in Ukraine
- What will change in VAT in 2022 and beyond?
- VAT exemption for international transport changes from April 1, 2022
- Temporary reduction of VAT rate, electricity for residential use
- B2B e-Invoice Implementation Will Be Mandatory From 2023
- Belgium introduces B2B E-Invoicing
- Authorities issued FAQ’s on the temporary VAT reduction on Electricity
- Belgium Confirms Temporary VAT Rate Cut on Electricity (6% from March 1 till June 30, 2022)
- Temporary VAT reduction for electricity
- VAT: what’s new in 2022?
- AmCham Belgium urges the Belgian tax authorities to issue an updated circular on Fixed Establishments
- VAT Committee WP 1035 – Belgian consultation on reduced VAT rates for electricity
- Cyprus cuts consumption tax on fuel
- Ukrainian crisis most probably will extend reduced VAT electricity rate
- Three key takeaways from the French Ministerial conference on E-Invoicing
- Important changes from 1 January 2022 in France for Swiss companies importing goods into France
- BMF on the treatment of sales tax in insolvency proceedings
- Federal Ministry of Finance on the treatment of VAT in preliminary insolvency proceedings
- Services in connection with assisted living are exempt from VAT
- Problems of sole proprietorships in the VAT ID verification process
- Services in connection with assisted living are exempt from VAT
- German Ministry of Finance Publishes Draft Bill to Comply with Court Decision on Interest Rates
- New Intrastat rules effective as from 1 January 2022
- Unconditional recovery of VAT on construction expenses on third party real estate
- VAT of tourist cruise ships – Restricted coastal vessels in territorial waters, with partial charter conditions
- Ireland Clarifies Effective Date of VAT Group Applications
- Ireland Provides Updated Guidance on the VAT Treatment of Staff Secondments from Related Foreign Companies
- Updated Guidance on the VAT Treatment of Staff Secondments from Related Foreign Companies
- ECJ C-550/21 Leonardo SpA vs. IT (Order): Inadmissible – Italian court provided insufficient information
- 10% VAT for WEEE
- Circular about Covid-19 measures, associative bodies and international transport services
- Cleaning services relating to buildings and VAT reverse charge
- Guideline Special VAT Scheme for electronic communications, broadcasting and electronically supplied services
- Latvia Declines to Exchange Customs Information with Russia
- Rental apartments: VATable short stays?
- Renewed tool for NL Intrastat Declarations: IDEP+ 2022
- Garage owner with substandard accounting holds accountants liable in vain
- Supreme Court explains VAT fiscal unity
- Additional VAT assessment not insufficiently motivated
- Business premises and VAT: 7 questions and answers
- No low VAT rate for trying on wedding dresses
- XML based VAT reporting
- Norway MOF Announces Six-Year Extension of VAT Exemption for Electronic News Services
- Aid for the victims of the conflict in Ukraine without VAT
- Humanitarian aid for Ukrainian citizens – rules of exemption from customs and VAT of goods transported to Poland from outside the EU
- Poland extends VAT split payments
- New regulations regarding the controlled purchase
- Poland Sets 2022 Thresholds for Simplified VAT, …
- The new version of the SAF-T_Invoice (4) structure!
- Split payment stays for longer. The EC agreed to extend the use of the obligatory SPM.
- VAT correction benefiting from bad-debt relief allowed (court decision)
- The obligatory split payment mechanism extended for the next 3 years
- Romania may suspend objection for further investigation into fraud
- Late payment interest rates
- B2B E-Invoice system optional as of April 1, 2022 and mandatory as of July 1, 2022 for risky products
- Romania to Cut VAT Rate for Auto Fuels
- VPS mandatory for all taxpayers and SAF-T clarifications proposed
- Clarification on the VAT Exemption for Catering Services Applies for Caterer Established by a Foreign Company
- Planned to abolish VAT on precious metals for citizens from March 1
- Russian Parliament Considering VAT Exemption on Intellectual Property Sales
- Free transfer of movable property is subject to VAT
- Russia Clarifies VAT Treatment of Gratuitous Transfer of Property
- Russia Amends List of VAT Exempt Technological Equipment
- Latvia Declines to Exchange Customs Information with Russia
- Sanctions in the RU-UA conflict
- E-invoicing in Spain: one step forward with draft proposal on technical requirements for invoicing
- Main requirements from the fiscalization perspective in Spain (state level)
- Spain 10% VAT rate electricity extended again to June 2022
- Improving administrative cooperation and exchange of tax information with the EU on Digital Platform Operators
- Interchange fees in Sweden fall within the scope of VAT
- A landlord’s sale of electricity for charging vehicles
- Turkey Tax Agency Updates Special Consumption Tax Rates on Fuels
- Digital services and advertising services subject to 6% sales tax
- Turkey Reduces VAT Rate for Delivery of Electricity to 8%
- To the attention of VAT payers (in connection with the introduction of martial law)
- Sanctions in the RU-UA conflict
- ATA Carnet for temporary import to the UK
- Consultation on Online Sales Tax released
- VAT Grouping: Latest from HMRC
- HMRC Guidance: How to work out the weight of packaging for Plastic Packaging Tax
- Consultation on Online Sales Tax released
- Taxman says flapjack isn’t food so I have to pay VAT
- Upper Tribunal rules on VAT grouping conditions
- 5 Major Indirect Tax Developments in the UK
- Revenue and Customs Brief 4 (2022): End-customer claim refunds of VAT wrongly charged
- Making Tax Digital (MTD) for income tax will take effect from April 2024
- Upper Tribunal rules on VAT grouping conditions
- UK Customs Duty Increase
- HMRC Guidance: Group and divisional registration (VAT Notice 700/2)
- HMRC Policy paper: Revised guidance on dealing with VAT grouping registration
- Non-economic activity – VAT’s the problem?
- The Brexit effect revealed: Customs duties rise by 64%
- Policy paper Revenue and Customs Brief 4 (2022): end-customer claim refunds of VAT wrongly charged
- UK HM Treasury Launches Consultation for Online Sales Tax to Help Rebalance Taxation of the Retail Sector
- UK considers 1% Online Sales Tax (OST) for e-commerce
- Parliamentary Bill: Children’s Clothing (VAT) Bill
- Protein drinks are standard rated (they are not “food”) although they “deliver nutrition” to consumers and are derived from milk, which is itself zero rated.
- VAT on early termination and compensation payments
- New Zealand signs historic free trade deal with the United Kingdom
MIDDLE EAST
- Case study on VAT treatment in a designated zone and mainland company in the UAE
- Trading and commodities in the United Arab Emirates
- A Comprehensive Guide to Special VAT Refund Schemes in the UAE
