Are you longing for the summer already?
Today, March 21, is the start of spring. At least, that’s the official date. Meteorologically, spring started on March 1, already, and astronomically it depends on the position of the sun, causing spring to have started yesterday, om March 20 (although that can change per year).
With (hopefully) more sun and longer days, it also means that inevitably we will start hearing something that comes back every year: the summer hit song! It’s that song that you will hear in every bar or on the car radio, especially in July and August. And in 5 or 10 years from now, every time you hear that song it will remind you of that great sunny beach, that hiking trip or the lovely boy or girl that you met during the summer vacation.
Do you know that there’s actually a recipe for such a summer hit? Besides musical creativity and talent, someone may just create that earworm that you will hate when you find yourself singing along to it in September, but adding a couple of ingredients.
You can find a recipe for a summer hit HERE
You start with a key in a major chord. You add an up-tempo flavour, preferably an ‘exotic’ language (Spanish always works well), and an interesting, catchy rhythm. If you can add a nice video clip with sun, beach and sexy boys and girls, you probably only need a popular singer and BAM, you have your hit.
Or not. Creating music of course isn’t that simple. It’s like doing business, you also need a lot of luck and you need to be at the right place on the right time.
And it’s also like that with VAT. Every business is different. You apply the basic VAT rules to the photograph that you make of the business and its activities, and then you start to shape, mould, interpret and, if possible, discuss with peers. That’s also why VAT is so much fun. We create hit songs every day. Perhaps not everyone can hear it, but we know that if you visit VATupdate every day, we hear you humming catchy tunes under your breath: “ECJ cases, invoicing, reporting…”
We are glad to sing along!
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 the Belgium, Netherlands, Sweden and United Kingdom
- Job opportunities in France, India, Netherlands, Poland, Portugal and United States
- Job opportunities in Ireland, the Netherlands and United Kingdom
- How to check if a company is VAT registered?
- How to Cut VAT Refund Processing Time in Half
- SNI participates in the “Tax Digitalisation Online Symposium” (March 24)
- Online marketplace tax laws around the world
- Importance of keeping delivery and billing address separate
WEBINARS / EVENTS
MIDDLE EAST
- Reverse Charge Mechanism in VAT Its application in UAE, KSA, Oman and Bahrain
- GCC Indirect Tax Digest – 18 March 2022
- CPA probes complaints about VAT fraud by commercial establishments
- “Taxpayer Checklist” to be submitted with VAT returns
AFRICA
- Ghana VAT on foreign digital services – April 2022
- VAT on e-commerce: GRA, 2 regulators track online spending
- Rwanda Considering VAT on Digital Services
- Rwanda VAT on digital services review
- 18% VAT liabilities on non-resident B2C providers of streaming media, gaming and software
- Basic income grant almost certain to mean higher personal tax and VAT
- Remove VAT from chicken products as food crisis looms
AMERICAS
- Economist offers VAT reduction, fuel tax ease as alternate Budget measures
- VAT measures in 2022 budget
- VAT removed from care items, health drinks
- Reforming Brazil’s Consumption Taxes—Will It Finally Happen in 2022?
- DCTFWeb – how to deal with DARF below R$10.00
- Reducing sales tax on gas is a bad idea, Quebec finance minister says
- Canadian Sales Tax Rates for 2022
- Reminder, financial institutions’ annual GST/HST and QST returns due 30 June 2022
- Canada Department of Finance Consulting on Draft Legislation for Proposed Luxury Tax
- 4 Canadian provinces charge additional tax on cross-border digital services
- Canada announces update to sanctions related to Russia
- New procedures for simplified VAT regime for digital services
- Internal Revenue Service clarifies the additional tax on the sale of alcoholic beverages
- Proceeds from an interest-free loan are a payment for services
- Tax Court addresses how to determine if payments to foreign entities qualify as payments for digital services
- Are the US and EU losing their faith in global trade rules?
- Seeing green: States learn the importance of sales tax
- Arizona business owner complains Louisiana sales tax is unconstitutional for out-of-State sellers
- New York Guidance on Sales of Solar Energy Systems
- US takes more trade actions against Russia
- Gas Sales Tax Repeal Floated in Multiple States
- So You Haven’t Registered in a State Where You Have Nexus…
- Florida Sales Tax Compliance And Rates
- South Dakota: Act to include carbon dioxide and carbon dioxide capture companies in certain provisions regarding pipeline taxation
- How to create a robust US sales tax strategy for online trade
- How to Use a Wyoming Resale Certificate
- Maryland: Federal Judge Partially Dismisses Lawsuit Challenging New Digital Advertising Tax
- What’s new in state sales and use taxes
ASIA-PACIFIC
- Edible oil’s VAT at production, trading stages waived
- Government cuts VAT on cooking oil imports to 5%
- Streamlining VAT collection system
- GST: Pizza Lovers, Calm Down
- Govt working on classification of cryptocurrency under GST law
- No GST levy on exam services, says Gujarat HC
- GST Updates – March 19, 2022
- GST Updates – March 18, 2022
- Rusk is different from bread, VAT exemption available to bread can’t be extended to rusk: Meghalaya HC
- Maharashtra State Amnesty Scheme
- Cooking Cream attracts 18% GST, No infirmity in the Ruling of AAR: AAAR
- Supply of Security Services to Municipal Corporations Exempted from GST: AAR
- Checklist of important GST activities to complete prior to starting the next financial year
- GST ITC not allowable to BMW on demo car or vehicle: AAAR
- GST E-Invoice: CBIC enables Registration and Login for Taxpayers with Turnover Rs. 20cr
- GST Updates – March 16, 2022
- 18% GST payable on Pizza Topping as Pizza Topping is not Pizza: AAAR
- GST Updates – March 15, 2022
- GST Updates – March 14, 2022
- Malaysia customs agency explains service tax exemption amendments for stock brokerage services
- Kuala Lumpur High Court allows GST remission appeal
- Update on treatment of services between a branch and its headquarters
- Special voluntary and amnesty program for indirect taxes
- On the role of digital platforms in the taxation of the gig and sharing economy
- Te Pāti Māori want to remove GST from all food in NZ
- New Zealand Consulting on GST Apportionment and Adjustment Rules
- New Zealand Consulting on the Role of Digital Platforms in the Taxation of the Gig and Sharing Economy
- Five key questions about e-Invoicing in New Zealand
- New Zealand consults on gig and sharing economy platforms and GST
EUROPE
- Agenda of the ECJ VAT cases – 7 cases announced till April 7, 2022, 3 decisions, 3 AG Opinions, 1 hearing
- Flashback on ECJ Cases – C-332/14 (Wolfgang und Wilfried Rey Grundstücksgemeinschaft GbR) – Input tax deduction correction – Mixed Use buildings
- Flashback on ECJ Cases – C-366/12 (Klinikum Dortmund) – Supplies of cytostatic drugs by a German hospital to outpatients treated with chemotherapy are…
- ECJ C-180/22 Finanzamt Hamm Case vs DE (Questions)
- Flashback on ECJ Cases – C-594/13 («go fair» Zeitarbeit) – Concept of ‘organizations which are recognized as institutions of a social nature’
- Flashback on ECJ Cases – C-515/07 (Vereniging Noordelijke Land- en Tuinbouw Organisatie) – Activities by which an association promotes the general interests of…
- ECJ C-42/22 (Global Companhia de Seguros) – Questions – Does the concept of ‘insurance and reinsurance transactions’ also includes related or…
- Flashback on ECJ Cases – C-308/01 (GIL Insurance and Others) – Insurance Premium Tax is not a turnover tax
- ECJ C-641/21 Tackling the VAT Carousel Frauds
- ECJ C-333/20 (Berlin Chemie A. Menarini SRL): Long awaited judgment on Fixed Establishment will be published on April 7, 2022
- Is VAT on sponsoring expenses refundable? (ECJ C-334/20)
- E-commerce tax news: avoid paying VAT twice!
- Temporary VAT rate changes on Energy in the European Union (Update March 20, 2022)
- EU Group on the Future of VAT backs IOSS double taxation fix
- Import One-Stop Shop Scheme and EU VAT threshold regime
- New exemption certificate for defense efforts and Covid-19 is ready
- The EU will expand the VAT taxpayer reversal mechanism
- Council moves a step further in the adoption of a Carbon Border Adjustment Mechanism
- VAT on online shopping generates €1.9bn in 6 months
- EU measures following the Russian invasion of Ukraine
- VAT Committee: Unanimous approval of the solution to regularise double taxation in the IOSS VAT return
- EU Finance Ministers reach agreement on EU Carbon Border Adjustment Mechanism
- Periodic reporting requirements around the EU
- European Commission unveils latest plan regarding fast tracking of renewables, hydrogen and biomethane to replace gas imports from Russia to the EU
- EU Economic and Financial Affairs Council Reaches Agreement on Carbon Border Adjustment Mechanism
- Why you need a VAT Identification Number?
- EU Member States will have to implement DAC7 regulations per Jan 1, 2023
- What is the Carbon Border Adjustment Mechanism (CBAM) in the EU?
- Council Implementing Regulation: VAT and/or excise duty exemption certificate
- European Commission Extends Consultation on Initiative for VAT in the Digital Age till May 5, 2022
- Council of the EU agrees on the Carbon Border Adjustment Mechanism (CBAM)
- Temporary VAT rate changes on Energy in the European Union (Update March 16, 2022)
- EU countries agree on Carbon Border Adjustment Mechanism
- European Council: Possible compulsory use of a single box and abolition of the limit of 150 euros
- VAT quick fixes and potential double taxation
- Council of the European Union adopted conclusions on the implementation of the VAT e-commerce package
- European Commission Publishes Taxation and Customs Union Department Management Plan for 2022
- Council of the EU adopted conclusions on the implementation of the VAT e-commerce package
- New VAT rules for online purchases brought €1.9 billion in revenues for Member States in their first six months alone
- European Commission publishes 2022 tax management plan
- European Parliament resolution of 10 March 2022 with recommendations to the Commission on fair and simple taxation supporting the recovery…
- European Parliament calls on the European Commission to set-up a harmonised common standard for e-invoicing across the Union without delay and by 2022
- Sharing best practices on tax administration and collections to reduce missing VAT
- VAT on Amazon FBA Fees Refunded
- Are the US and EU losing their faith in global trade rules?
- Temporary VAT reduction to 6 percent for solar panels and heat pumps
- Reduced VAT rate for demolition and reconstruction extended for 1 year
- When does the rental of a holiday home take place with VAT?
- Temporary VAT tolerance for donations to Ukraine
- Customs: Export/Shipment of humanitarian material to Ukraine
- No VAT regulation on donations to Ukrainians citizens
- VAT exemption for transport services directly related to the export of goods: application postponed again, this time until 1 September 2022
- Belgium Expands B2G Mandatory E-Invoicing – Will B2B Come Next?
- Circular 2022/C/26 on the VAT exemption for transport services directly related to an export of goods (Addendum to Circular 2021/C/96 of 27.10.2021)
- Belgians also helped with lower VAT and excise duties
- Exemption for transport linked to exports / additional postponement until September
- Submit your 2021 customer listing before March 31, 2022
- Reduced VAT rate of 6% on electricty and gas till end of Sept 2022, Lower Excise duties on diesel and petrol
- Reduced VAT rate of 6% on electricity between March 1 and June 30, 2022
- VAT registration: Which solution to choose?
- Benelux countries want to close VAT gap
- Exemption of gas/electricity and fuel supply
- VAT rate on the delivery of contact lenses
- VAT tax relief related to the situation in Ukraine
- Czech Republic Abolishes Electronic Sales Recording Requirements
- Mandatory e-invoicing and e-reporting in France from July 1, 2024
- Senate is considering a draft ordinance amending the Goods and Service Tax Code
- EU VAT group directive transposed into French law
- Senate is considering a draft ordinance amending the Goods and Service Tax Code
- Four VAT reporting changes in France – What’s new and what’s next?
- Input VAT deduction for the construction of a suspension rope bridge
- VAT exemption for venture capital funds
- Tax measures to support those affected by the war in Ukraine
- Input VAT deduction for the construction of a suspension bridge
- BFH on the VAT liability of a sports club for subsidies from a municipality for the management of the sports facility used by the company
- VAT exemption for Venture Capital Funds
- Bundesrat: Draft Bill Organised Tax Evasion
- VAT exemption for export deliveries in non-commercial travel
- VAT on child care products
- Leaflet on VAT exemption for export deliveries in non-commercial travel
- German Federal Fiscal Court rules in favour of ECJ: No VAT exemption for swimming lessons
- VAT benefits based on the additional agreement to the NATO troop statute; New edition of the list of official procurement bodies
- Tax Court Decision No. XI R 2/20, explaining the differential taxation of intra-community supplies under EU laws
- Proposal: Super-reduced 6% VAT rate for fertilizers, exemption excise for diesel oil for agriculture business
- Greece extends again temporary reduced VAT till 31 Dec 2022
- Greece Proposes Application of Super-Reduced 6% VAT Rate for Fertilizers
- Government’s intention to further extend the reduced VAT rates provided for catering, transport, gyms, cinemas, and theaters till Dec 31, 2022
- Tax developments impacting climate change in Ireland
- Updated Section 56 zero-rating of goods and services
- VAT rate – Construction services of plant for the treatment of liquid extra-sewage waste, operation and maintenance services
- VAT exemption for investment advice and research in favor of an asset management company
- Reduced VAT rate for food supplements: in which cases?
- Separate VAT option for real estate fund activities
- The condition of navigation on the high seas does not refer to ships for rescue operations
- New rules for recovery of VAT with credit notes
- Transfer of preliminary contract
- Exemption for management activities of mutual funds art. 10, first paragraph, no. 1), Presidential Decree 633/1972
- FAQ’s on OSS/IOSS
- VAT rate reduction for petroleum products
- Latvia to cut basic foods VAT to 5% for 2 years as inflation soars
- Benelux countries want to close VAT gap
- Cover letter with answers to parliamentary questions (VSO) about advice EU VAT e-commerce
- Correct VAT 2021 before April 1, 2022
- Purchase of nickel for working capital management data system company: VAT deductible
- Making karaoke booth available not taxed at a reduced VAT rate
- Proposal: a reduction in the VAT rate on energy, a reduction in the excise duty on petrol and diesel and an increase in the energy surcharge
- Cabinet also lowers excise tax on LPG
- No contribution from VAT Compensation Fund for activities with separate waste collection
- Court considers that there is no question of VAT-taxed short-stay rental of homes
- Supreme Court provides explanation when determining organizational interdependence and status decision VAT fiscal unity
- Approval of application of zero VAT rate on delivery of certain COVID (self) test kits expanded
- VAT return as a reference point for an estimate of income tax assessment
- Corrective VAT returns 2021 to be submitted before 1st April in Netherlands
- Correction of VAT deduction for unpaid invoices for too long
- Reduced VAT rate for arcade rightly refused
- Incorrectly invoiced VAT is still deductible
- Inclusion on the balance sheet of transferred kitchen furnishings leads to additional VAT assessment
- Proposed purchasing power measures 2022 due to higher energy bill
- Netherlands Reducing VAT on Energy and Excise Duty on Fuel
- Corrective VAT returns 2021 to be submitted before 1st April in Netherlands
- Proposed purchasing power measures 2022 due to higher energy bill
- Costs of land and construction house also incurred if solar panels are not purchased
- Waste collection by the municipality is an economic activity not government action
- Cabinet will lower excise duties on fuel as of April 1, 2022
- North Macedonia VAT Reductions for Basic Food Products, Fuel and Electricity
- North Macedonia removes VAT on basic foods, lowers fuel excise duties
- Fiscal reports in Poland
- Lower VAT rates in Poland
- Charging electric cars: Supply of services or supply of goods? Question raised to ECJ?
- VAT on financial services not so obvious
- Poland: VAT-free assistance to Ukraine’s Crisis victims
- After-sale discount can only apply to certain goods
- Portugal VAT cut on petrol and diesel to 13% plan
- Extension of the measures to offset rising energy prices: Refund increased VAT revenue through a reduction in the Tax on Petroleum Products
- New round of state subsidies for the transition to a new model of fiscalization
- Serbia announced the mandatory transition period to e-Invoicing
- E-invoice system in Serbia: new documents have been published
- Latest updates regarding the new fiscalization system in Spain
- Requirements set for business billing programs starting in 2024
- VAT on cryptocurrencies: Staking, buying and selling and custody
- Draft legislation on new invoicing requirements
- Imports for defence, people to be exempt from VAT, duties, red tape – Zelensky
- The nuances of the application of VAT benefits due to the war under the new law: explains the State Tax Service
- Ukraine State Tax Service Announces Temporary Suspension of Responses to Taxpayer Appeals for Tax Consultations
- VAT in martial law
- Ukraine parliament extends martial law by a month (till April 25, 2022)
- State Tax Service of Ukraine: VAT during the martial law
- Ukraine State Tax Service Confirms Taxpayers Have Three Months After Martial Law to Submit Returns
- Instead of income tax and a value added tax, the government is only going to levy a simple rate of 2% of turnover, according to Zelensky
- Cabinet offers to lift excise tax, cut VAT rate on fuel
- STARZ TRADERS LIMITED – appeal against assessments based on allegedly unexplained deposits in a bank account
- What is consideration and why is it important?
- A win in the First Tier Tax Tribunal for City YMCA London
- Climate think tank E3G suggests cutting VAT on insulation
- UK – April VAT Updates
- UK Northern Ireland uncertainty in energy VAT rate cut
- Making Tax Digital for VAT – Expansion
- HMRC Guidance: Tariffs on goods imported into the UK
- UK Northern Ireland uncertainty in energy VAT rate cut
- Ministry of Finance postpones the obligation to integrate payment card accepting devices with cash registers
- HMRC internal manual: Insurance Premium Tax
- Matchmaking services were subject to special place of supply rule for B2C consultancy services
- Crime doesn’t pay……..VAT. Is there tax on illegal activities?
- Revenue and Customs Brief 6 (2022): Lennartz mechanism and VAT accounting
- Exploring the pros and cons of an online sales tax
- Has my not-for-profit organisation /charity/ business paid too much VAT using the Lennartz mechanism?
- Avoiding a Default Surcharge. Reasonable Excuse – Update
- HMRC Guidance: Launch of new services for guarantee checking and New Computerised Transit System (NCTS) availability for traders
- HMRC Press release: UK announces new economic sanctions against Russia
- UK owes EU over undervalued Chinese goods, says ECJ
- Uber fares to rise in UK as 20% VAT applied
