Here we are again with our weekly VATupdate Newsletter. Lots of posts this week, so we won’t bother you that long with this introduction.
Or does this introduction actually have a function? In fact: yes it does.
What is effective time management? You probably think of some of the following: setting priorities, focus and concentrate on these priorities, get them done, and move to the next, without getting too much bothered or distracted with less important things.
Elon Musk knows the secret to time management. You can find out as well HERE.
Is that really the most efficient way to increase productivity? You can look at your agenda and cut-out all your nonessential meetings, but there’s still too much stuff left to do. You could drink less water, so you don’t have to go to the bathroom so many times, and save some precious minutes…
We are certainly no experts on this topic. But we believe that the most important factor in getting things done, and minimize stress when your priority list is growing and growing is very simple. It’s Fun!
If you like what you’re doing, you’re probably good at it. And if you’re good at something, you probably like doing it. Productivity and fun go very well together.
Of course, the key is that you’re doing something that you like. The good news is that VAT is fun! We told you before, and the fact that you’re reading this newsletter and go to our website every day means that you share that enthusiasm. At least a little.
There are a limited number of hours in the day, and focusing on time management just makes us more aware of how many of those hours we waste. Instead, make sure that you enjoy what you’re doing and focus on those parts in your work where you really feel that you’re adding value.
That’s why we post all the VAT news from around the world every day. To make you, and ourselves, very happy! And part of that is via this intro, we hope we gave you a smile on your face today.
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 Hungary, India and Slovakia
- Job opportunities in Germany, Luxembourg, the Netherlands, Slovakia and United Kingdom
- Global 2022 VAT / GST changes
- Good things to remember: OECD International VAT/GST Guidelines (2017)
- What’s the difference between e-invoicing and real-time reporting?
- Continuous transactional controls, an international groundswell
- The shift in approach to e-invoicing by businesses – from local and tactical to scalable and strategic
- Next for taxation: Tax authorities start defining NFTs…
- OECD releases cryptoasset reporting framework and CRS amendments
- VAT TV May 2022 news & views
- E-Book: SAF-T: An Introduction to the International Standard
- Time to get ready for e-invoicing and CTC mandates
- May 2022 global VAT & GST changes
- More than 40,000 newsitems on www.vatupdate.com – HOW TO SEARCH?
WEBINARS / EVENTS
- Webinar Less Grey: One Stop Shop (May 18)
- Sovos webinar: Three Steps to SAF-T Compliance: Extract. Analyse. Generate. (May 12)
AFRICA
AMERICAS
- Chile Tax Agency Clarifies VAT Exemption on Services Provided to Institution Staff
- Chile Tax Agency Clarifies VAT on Property Development Joint Venture
- Tax Authority Modifies Requirements for Circulation of Electronic Invoices as Negotiable Titles
- Customs and VAT effects of extension of health emergency (COVID-19)
- Support Document Implementation Date Postponed
- Peru Regulates Input Tax Credit for Sale of Basic Foodstuffs Covered by Temporary VAT Exemption
- Tax Authority Clarifies Exclusion from VAT Obligations for Financial Companies Providing Trustee Services
- Comparing the Corporate Tax Systems in the United States and China
- State Sales Tax Breadth and Reliance, Fiscal Year 2021
- 5 Common Sales Tax Mistakes That Can Put You At Risk for Non-Compliance
- Maine Legalizes Mobile Sports Betting, Enacts Income and Sales Tax Exemptions for Tribes
- An Important Update On Software-as-a-Service (SaaS) And Sales Tax Questions And Answers
- Floridians Can Enjoy 9 Sales Tax Holidays & Exemptions
- Texas Supreme Court Denies Reviewing Case Awarding Taxpayer a Manufacturing Exemption
- California Considers Sales Tax Exemptions for Manufacturers
- Radiobroadcasting – Place of performance – Guiding factors
- Expanded marketplace facilitator definition (Oklahoma)
- Free gift cards and sales tax (New York)
- Credit card surcharges subject to sales tax (Minnesota)
- Service Providers: Don’t Assume You Are Always Tax-Free!
ASIA-PACIFIC
- ATO warns community: do not engage in GST fraud
- GST refund fraud attempts
- Reverse Charge rule update
- Diving in too deep: Swimming teacher jailed for GST fraud
- E-Commerce VAT Compliance Outside the EU – Low Value Goods
- Update – China Provides VAT Exemption for Express Delivery Services
- Comparing the Corporate Tax Systems in the United States and China
- Gujarat HC Strikes Down Portion of GST Notification mandating 1/3rd Deduction of Land
- Time of Supply under GST
- Daily GST Updates – May 5, 2022
- Supreme Court upholds Over 90,000 Re-Assessment Notices deeming them as Sec 148A Notices
- Daily GST Updates – May 4, 2022
- India: Indirect Tax Newsletter January 2022
- GoM likely to moot flat 28% GST slab for online gaming
- Online Gaming may soon attract 28% GST; Move to discourage gambling & betting
- GST Updates – May 2, 2022
- No Denial of Cenvat Credit merely on Procedural Irregularity: CESTAT
- A2ZTaxCorp’s Weekly GST Communique dated May 02, 2022
- GST Compliance Calendar for the month of May 2022
- Levy of GST on Mining Royalty and allied charges: Jharkhand HC grants interim protection
- GST collection touches all-time high amid inflation, global volatility
- Restriction of import of certain goods related to waste and scrap of precious metals
- Regulation governing income tax and VAT treatment of financial technology issued
- New VAT invoice regulation issued
- e-Invoicing in Indonesia
- Indonesia Introduces New VAT and Income Tax Requirements for Crypto Asset and Fintech Operations
- E-Commerce VAT Compliance Outside the EU – Low Value Goods
- Technical Decision Summary No. 22/06 – Careful recording and clear documentation are required for GST input tax deductions
- Philippines is also preparing to tax digital service providers
- BIR Issues Clarifications On VAT Zero-related Transactions In Revenue Regulations No. 21-2021
- E-Commerce VAT Compliance Outside the EU – Low Value Goods
- Update on initiatives to demonstrate good tax governance and tax risk management
- Vietnam Tax Authority Posts Letter to Foreign E-Commerce Providers
- Vietnam Launches Online Portal for Tax Payment of Cross Border Activities
EUROPE
- Flashback on ECJ Cases – C-284/11 (EMS-Bulgaria Transport) – Limitation period for the exercise of the…
- Flashback on ECJ Cases – C-335/05 (Řízení Letového Provozu) – Thirteenth Directive…
- Comments on ECJ C-637/20: Ticket to ride – the VAT treatment of a city card
- Comments on ECJ C-333/20: CJEU confirms a broad definition of a fixed establishment
- Comments on C-637/20: Ticket to ride – the VAT treatment of a city card
- Comments on C-612/20: Happy Education – School after school program not VAT exempted
- Comments on C-637/20: Vouchers and VAT: the interpretation of the EU Court of Justice on the citycard
- ECJ on the classification of city cards as (multi-purpose) vouchers
- ECJ Customs C-415/20 (Gräfendorfer Geflügel und Tiefkühlfeinkost) – Interest on export refund and duty repayments
- Flashback on ECJ Cases C-137/02 (Faxworld) – Right to deduct VAT for preparing taxable activities of another person
- Flashback on ECJ Cases – C-294/11 (Elsacom) – 8th VAT Directive Refunds – Six-month period is a strict…
- ECJ C-227/21 (HA.EN.) – AG Opinion – No Denial of input VAT if the seller would not pay output VAT
- ECJ C-218/21 (Autoridade Tributaria e Aduaneira) – Judgment – Reduced rate for the repair, no reduced rate for the maintenance of elevators
- Flashback on ECJ Cases – C-591/10 (Littlewoods Retail and Others) – Local court must determine interest compensation itself in the event of a refund of…
- EU Parliament votes VAT reverse charge extension to Dec 2025
- The EU agreement on the reform of VAT rates is already in force (and by the way, pay attention to online…
- Accountancy Europe: Response into EC public consultation ”VAT in the digital age”
- EU VAT Expert Group – Activities since Jan 1, 2021 – No meetings have been held yet in 2022
- EU relaxes its rules on reduced rates of VAT
- E-Book: E-invoicing and VAT in the Digital Age
- European Parliament: Report on extension of the application period of the optional reverse charge mechanism and the Quick Reaction Mechanism
- VAT in the digital age – BusinessEurope reply to the public consultation
- LAST CALL FOR INPUT: European Commission Extends Consultation on Initiative for VAT in…
- Agenda of the ECJ VAT cases – 5 cases announced in May 2022, 2 decisions, 3 AG Opinions
- EU: Russia removed Russia as a destination from the scope of Union general export authorisations
- EU Policy Developments in April 2022
- Public consultation – Excise duty on alcohol and alcoholic beverages – evaluation of excise duty rates and tax structures
- Delivery of goods to an electronic interface: VAT exemption conditions
- Good things to remember: New E-Commerce VAT rules launched in the EU per July 1, 2021
- EU VAT Refunds – Tax authorities are not necessarily fair-play!
- This is what happened in the ECJ (VAT) in April 2022
- Import One Stop Shop (IOSS) already benefits 8,000 business selling into the EU
- EU – Payment Service Providers (PSP’s)
- What type of invoice must be submitted for VAT refund claims?
- European Commission Reports on VAT Registration and Publishes Recommendations to Improve VAT Collection
- European Commission Adopts Implementing Regulation to Combat VAT Fraud in E-Commerce
- Proposal European Commission to suspend Import Duties on Ukrainian products
- Proof of shipment necessary for intra-EU trade
- Circular 2022/C/45 on the temporarily reduced VAT rate for the demolition and reconstruction of housing throughout the Belgian territory and their supply
- Belgian reporting (tax) obligations for platform operators in anticipation of DAC 7 seem safe from an EU perspective
- Changed VAT rules for renovation?
- Deduction of VAT on company cars: the relaxation of the rules is extended
- Belgium Clarifies Option to Use VAT Exemption for Small Businesses
- Revised guidelines on VAT exemption for insurance and related services
- How Does The Reverse Charge Of Import VAT Work?
- France issues Administrative Doctrine clarifying VAT exemptions on insurance transactions by brokers and intermediaries
- VAT and Virtual Worlds – A German Precedent?
- Use of credit cards for official purchases by the American armed forces
- BMF: The Reemtsma claim – help in the event of a failed input tax deduction?
- Denial of the input VAT deduction in cases of fraud
- Input VAT deduction by a shareholder of investment transactions
- Business characteristic of supervisory board members
- “Leasing” of virtual land in an online game
- Recipient of a supply in the case of the transfer of half of a joint property
- KPMG Germany VAT Newsletter April 2022
- “Leasing” of virtual land in online game not subject to VAT; other VAT developments
- Monthly updated overview of VAT exchange rates for 2022
- Fiscalization in Greece
- Services related to real estate for the application of article 14 of VAT – Expenses for rent, storage and maintenance of good condition of products, landscaping on real…
- Ireland updates tax compliance interventions and B2G e-invoicing guidance
- Temporary VAT Rate Reduction on Gas and Electricity supplies
- Ireland publishes guide promoting Irish public sector e-invoicing
- Ireland confirms VAT obligations on crypto-assets
- Tax Agency clarifies VAT Refund rulings for Electronic Services
- Price adjustments: treatment for VAT and customs purposes
- Mandatory Electronic Invoicing also for Small Businesses
- Additional Urgent Measures to Provide Relief from High Energy Prices and Support Productivity…
- Ruling 242: Bookmaker – Exemption from the obligation to certify the fees – compensation received exempt from VAT
- Value Added Tax (VAT) Guidelines: Italy
- Latvia to cut basic foods VAT to zero as inflation hits new records in April
- Guidance: VAT 0 % direct application on the basis of VAT and/or excise duty exemption certificate
- The coalition will put on the agenda the issue of reducing VAT on food
- Government approves proposal to amend VAT refund regulations for exported services
- Government approves proposal to amend VAT refund regulations for exported services
- Court decides VAT dispute holiday auction site about non-refunded vouchers in favor of the tax…
- Withdrawal of an appeal in cassation about supplementation and negligence fine
- Documents tasks Central Register Short Vocational Education public
- Reduction of VAT on energy – pay attention to correct billing
- Netherlands Publishes Implementing Decree on Beneficial Ownership Register for Trusts and Comparable Legal Constructions
- No VAT due if the management contract only provides liability to the company
- VAT in notary fees is valid or not? – The Commissioner for Human Rights has doubts
- Supreme Administrative Court: VAT on intra-Community acquisition of motor fuels
- Poland Will Make B2B Electronic Invoicing Mandatory
- Romania B2B RO e-invoicing eFactură July 2022
- Draft amendments to e-Factura regulation were just published in Romania
- Premiums in the amount of the discount for the end customer are not included in the VAT tax base
- Clarified what documents to confirm zero VAT in the provision of forwarding services
- Companies set to enjoy new tax benefits for intellectual property
- Serbia B2B e-invoicing Jan 2023
- Recognition of Corporate Cards for Purchase of Goods and Services in Fiscalization and VAT Regulations
- Spain rules on electronically produced invoices Jan 2024
- As of Jan 1, 2024, only state or VERI*FACTU approved invoicing software may be used to prepare and submit invoices
- E-Commerce VAT Compliance Outside the EU – Low Value Goods
- Swiss Federal Council adopted a dispatch on a Federal Act introducing a tonnage tax
- Proposal of CH VAT Administration for VAT handling Fuel cards Recharging electric vehicles
- UK and Switzerland Negotiating New Trade Agreement
- Is it necessary to accrue VAT liabilities on non-current assets for which a tax credit was formed before the transition to a simplified system of taxation at a rate of 2 percent. income and after the end of martial law,…
- They bought OZ and moved to a special group: is it necessary to charge VAT after the end of the war?
- How VAT will be reimbursed during the war: Marchenko’s position
- Due to the war and lack of funds, budget VAT refunds are planned in bonds
- UK and Switzerland Negotiating New Trade Agreement
- E-Commerce VAT Compliance Outside the EU – Low Value Goods
- HMRC Guidance: Apply to import multiple low value parcels on one declaration
- HMRC Form: Change your VAT registration details
- HMRC Guidance: Insolvency (VAT Notice 700/56)
- Buy Now, Pay Later providers need the right VAT strategy now, not later
- VAT after Brexit: new changes in procedures
- HMRC Guidance: VAT guide (VAT Notice 700)
- HMRC Guidance: Yearly average and spot rates
- Remaining import controls on EU goods not to be introduced this year
- WTGIL: no VAT recovery on black box insurance devices – FTT
- HMRC Form: Appoint a tax representative if you are a non-established taxable person registering for…
- The treatment of plastic packaging – A newly manufactured tax
- UK Tax Authority updates Plastic Packaging Tax Guidance
- FTT: taxpayer-friendly interpretation of the deemed supply rules
- Issue with March 2022 postponed import VAT statements not displaying for some users has now been resolved
- UK Announces New Trade Measures as Part of Broad UK Economic Support to Ukraine
- HMRC Guidance: Barristers and advocates (VAT Notice 700/44)
- HMRC Guidance: Get confirmation from HMRC that you are trading in the UK
- Problems with Postponed VAT Accounting Statements – HMRC News
MIDDLE EAST
- Oman Publishes VAT Taxpayer Guide on the Financial Services Sector
- Oman e-invoicing Jan 2023
- Oman Clarifies VAT Treatment of Financial Services
- FATOORAH, electronic invoicing project phase 2 as January, 2023
- Changes to VAT, invoicing and customs charges