The Internet is a great thing, a repository of everything that has ever been known and more. A huge mixture of creative thoughts, experiments and failures, opinions and facts. But also a lot of rubbish.
The internet is rotting, read more HERE
I once read an article where the old Roadrunner cartoon was compared with technology. In the cartoon, you see Wile E. Coyote running of a cliff, unaware of its ledge and continues forward without falling. The Coyote defies gravity until he looks down and sees that there is nothing under him. His mental gears turn as he contemplates his predicament. Then: Splat.
That’s also what’s happening with technology. Most modern apps, tools and gadgets are designed by people who shared the same love of amateur tinkering as the Coyote and who deal with problems only as they arise—or leave them to individual users to deal with.
VAT people often come across this as well. ERP systems are not designed for VAT logic and VAT reporting. Many (if not most or even all) companies that use an ERP system, don’t use the ‘standard’ system to deal with VAT. There probably doesn’t even exist a standard system, only some standard price calculation in which a tax element is hidden.
It’s therefore that VAT people always have to get involved, or at least gain some knowledge, on the VAT logic and VAT reporting settings. ‘Garbage in is garbage out’, is something that we hear a lot, but even if the input is correct and complete, we run the risk that we are running of a cliff, until we look down without any ground left below our feet.
Then: Splat!
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 Belgium, Germany, Romania, South Africa and United Kingdom
- Job opportunities in Belgium, Germany, the Netherlands and Sweden
- Job opportunities in Belgium, Hungary, United Arab Emirates and United Kingdom
- OECD Sees Lower World Growth Due To Ukraine War’s ‘Hefty Price’
- Processes in retail
- NFT and VAT
- Demystifying NFTs and VAT
- PE Watch | Latest developments and trends, June 2022
- Future of consumer and retail—tax perspective
- Live VAT / GST transaction reporting and e-invoicing global tracker
- How to Prepare for a VAT Audit
- Where do ESG and Tax meet?
- OECD on VAT and Digital Taxation – An overview
WEBINARS / EVENTS
- SNI Webinar – Crucial Information on Serbia’s Mandatory e-Invoicing: Sistem e-Faktura (June 8)
- Sovos Webinar: VAT Summer Summit (June 21)
AFRICA
- Egypt e-Invoice will reduce the grace period!
- Egypt’s Finance Minister ask businesses to pay taxes before end-June to realize new facilities
- FIRS set to begin nationwide tax compliance monitoring
- FIRS to commence VAT compliance monitoring exercise July 1
- Nigerian govt’s revenue saved by taxes, as oil income hits 4-month low
- Court adjourns Rivers, FIRS suit till September
- South Africa Gazettes Notice on Domestic VAT Reverse Charge Regulations for Precious Metals
- Looming Triple Jeopardy For South African Banks, SARB And SA Mint Acquiring (refined) Second-hand Gold
- Travel Agency Gets VAT Rate Of 0%
- VAT relief for fixed property developers
AMERICAS
- Brazil Senate Considers Complementary Draft Law Setting VAT Rates on Various Goods, Services
- Brazil Chamber of Deputies Approves Maximum State VAT (ICMS) on Fuel, Electricity, Communications, and Public Transport
- Mulls Cut Diesel ICMS Tax to Zero, to Pay BRL20b: Folha
- Assigned Reporting Periods for GST/HST Returns
- Why Online Marketplaces And E-commerce Businesses Should Review Their Canadian Sales Tax…
- Excise and GST/HST News – No. 111
- Proposed GST/HST Treatment of Assignment Sales
- Chile Tax Agency Issues Resolution Establishing VAT Withholding Rules for Specific Intermediaries in…
- Chile Establishes New VAT Withholding Rules for Digital Services
- New resolution establishing e-invoicing obligations to taxpayers previously out of scope
- Trade can worsen income inequality
- What’s new in May for state sales and use taxes
- Does Ohio Charge Sales Tax on Services?
- Louisiana: New Law Excludes Certain Video Programming and Streaming Content from Franchise Fees
- Tennessee DOR Explains New Law Broadening Scope of Exemption for Computer Software Development
- Florida: Adopted Rules Reflect Remote Seller and Marketplace Laws and Rounding Algorithm
- 3 Ways for Retailers to Spend Less Time Managing Sales Tax
- Indiana: Compliance Requirements for Remote Sellers and Marketplace Facilitators Guidance Updated
- Multi-channel selling sales tax: Marketplace facilitators
- Apportioning sales and use tax for software used in more than one state (Massachusetts)
- Nexus and VoIP (Oregon) and online marketplace (Washington State)
- Alaska cities tap into online sales taxes
ASIA-PACIFIC
- VAT registration compulsory for all foreign entities in Bangladesh
- Rights organisation ‘Odhikar’ denied registration renewal
- Tech giants like Google, Facebook may come under tax net in Bangladesh
- China to extend VAT credit refunds to more sectors
- 7 more industries in for tax benefits
- Alibaba cutting costs as profits dip due to amended European VAT rules
- Hainan and changing supply chains – Adapting to a new business landscape
- Long-awaited draft implementing rules released pursuant to the new Export Control Law
- Drones, GST numbers to be used to find tax defaulters
- Electric vehicles: India may slash GST on lithium-ion batteries to 5%
- CBDT to release Crypto Tax FAQ before July 1 to provide more ‘Clarity’
- Government exploring all options against SC rulings related with IGST on Ocean Freight
- No denial of Refund If Export Supply misreported in GSTR-3B
- GST Compendium: June 2022
- New VAT likely for handsets, internet
- States gained Rs 49k crore when fuel prices rose, have room to cut VAT: SBI
- Manipur state reduces VAT on aviation fuel to 1%
- GST not applicable on Lease Income from Residential Property: AAR
- DGFT provided certain relaxation in submission of Bill of Export for exports made to SEZ units…
- GST: Govt waives Interest for Non-Filing of GSTR-8 by Prescribed E-Commerce Operators
- Kerala GST dept invites Applications for Amnesty Scheme
- GoM may suggest pruning GST exemption list ahead of Council meeting
- Proforma Invoice Under GST Regime- Meaning, Purpose And More
- VAT reduced for Aviation Turbine Fuel
- Another Useful Tab Added in GST Portal
- Why India’s GST regime could be in ‘jeopardy’
- Proposals to consolidate from 4 rates to 3 likely to go hold due to inflationary fears
- NIC released ‘E-Invoice System User Manual V.1.02’ for Tax Payers
- Employee health check-ups shouldn’t face any GST
- IGST Refund cannot be termed as Income chargeable to Tax having escaped Assessment: Delhi HC
- 18% GST applicable on Sale of Used Car by Company
- UAE implements Comprehensive Economic Partnership Agreement with India related to imports
- Crypto Asset Tax Begins to be Implemented
- Determination of Export Prices for Calculation of Export Duties
- Malaysia still evaluating reintroduction of GST
- Decision on extending vehicle sales tax exemption soon
- Govt will improve GST if it’s reintroduced – Zafrul
- Why Malaysia is considering the reintroduction of GST
- Experts: GST is great but fix problems before reintroduction
- PM says GST return only under review now, not yet a done deal
- Find other alternatives to GST, says Warisan president
- Government is considering reintroducing the goods and services tax (GST)
- GST is the right way forward, says Nazir
- Importers and input tax deductions
- Will New Zealand lower the GST threshold to meet the gig economy challenge?
- Importers and recalculated GST
- Customs brokers and GST levied by Customs
- Deferment of GST administrative concession removal for recovery of overseas brokerage fees and costs
- GST zero-rating for exported goods “hand-carried” by motor vehicle (court decision)
- Transitional issues arising from GST rate increase
- Singapore Advance Ruling Summary on the Withholding Tax Treatment of Technical Service Fees Payable by Customers in Singapore
- South Korea MOF Seeks Comments on Draft Notice to Provide VAT Exemption on Specific Food Products
- Government Issues Declaration of Submitting Documents for Tax Refunds
- Notice to VAT Registered Persons – Changes to the VAT rates
- Concern over VAT increase from 8 percent to 12 %
- Vietnam VAT B2B e-invoices update
- Tax payment deferral scheme for 2022 approved
- Deferral of tax payments, including VAT (COVID-19)
- Vietnam Publishes Decree Providing Tax Payment Extensions in 2022
EUROPE
- Flashback on ECJ Cases – C-456/07 (Mihal) – A bailiff is a taxable person
- Flashback on ECJ Cases – C-484/06 (Koninklijke Ahold) – No obligation to round down the amount of VAT per item
- Flashback on ECJ Cases C-599/12 (Jetair and BTWE Travel4you) – Travel agents can be treated differently from intermediaries
- ECJ C-355/22 Osteopathie Van Hauwermeiren vs. BE (Questions) – details not known yet
- ECJ C-344/22 Gemeinde A vs DE Questions (details not published yet)
- ECJ C-239/22 (Belgian State and Promo 54) – Questions – Condition of the first use of a building
- Comments on ECJ VAT C-90/20: Ruling on VAT Treatment of Parking Penalties
- Flashback on ECJ Cases C-74/11 (Commission v Finland) – A VAT Group can be limited to the financial and insurance sector
- Flashback on ECJ Cases – C-95/07 & C-96/07 (Ecotrade) – A limitation period for the exercise of the right to deduct is allowed
- ECJ C-232/22 (Cabot Plastics Belgium) – Questions – Belgian VAT fixed establishment for a Swiss principal, through its affiliated Belgian toll manufacturer?
- Flashback on ECJ Cases – C-174/06 (CO.GE.P) – A maritime domain comes within the concept of ‘rental of immovable property’
- ECJ: VAT on entire amount of brokerage commission payable immediately even if fee is paid in instalments
- Agenda of the ECJ VAT cases – 3 Decisions and 1 AG Opinion till July 7, 2022
- Council Implementing Decision Published Authorizing Czech Republic to Increase VAT Registration Threshold
- EU Extends VAT Reverse Charge and Quick Reaction Mechanisms
- EU adopts sixth sanctions package
- Looking back on new e-commerce VAT regulations: where are we after almost 1 year?
- Ecofin report to the European Council on tax issues: E-Commerce, Definitive System, VAT rates…
- EU Extends VAT Reverse Charge and Quick Reaction Mechanisms
- Application of Optional reverse charge mechanism and the Quick Reaction Mechanism extended until 31 December 2026
- Intra-Community transactions: what they are and how to report them?
- Reverse charge until December 31, 2026
- Remember tools offered by the European Commission: VAT Rate & Taxes in Europe Database
- Crypto-assets under the lens of the VAT Committee
- Litigation with VAT authorities – How to contest a VAT fine?
- Questionnaire Survey Vienna University on cross border VAT disputes
- VAT – One Stop Shop – The Official Portal
- VAT Fixed establishment = permanent establishment? or, should direct and indirect tax practitioners talk to each other?
- EU VAT Committee: cross-border VAT groups
- EU DAC 7 marketplaces’ seller transaction reporting Jan 2023 update
- VAT e-commerce package causing confusion, say tax professionals
- EU VAT changes for virtual events
- EU VAT Policy ”VAT in the Digital Age” – Part 3: VAT and the platform economy – focus on specific issues
- Policy room for VAT rate directive
- Who will pay VAT on empty invoices – the taxpayer or his employee?
- Deadlines for filing VAT returns: postponement – June 10, 2022
- Belgium Steps Closer to Mandatory E-Invoicing – E-invoicing in public procurement
- With or without 6% VAT for the installation of soundproof panels?
- Checklist: does your invoice contain all mandatory information?
- Can thoroughly renovated buildings be rented out with VAT?
- Bulgaria draft law: 9% for central heating and natural gas and 0% for bread from July 1
- The leader of the socialists called for zero VAT on bread
- Danish Tax Authority Holds Home Office in Denmark Can Constitute PE for Foreign Employer
- VAT guidance for alternative therapists and other healthcare professionals
- Denmark VAT guide
- Finland considers foodstuffs and petrol VAT cuts
- Finland Tax Agency Announces Waiver on Collection of Late VAT Filing Penalties for OSS-Registered Foreign Companies
- Delays on OSS penalties for 35,000 foreign traders on IT issues
- Reporting and payment of 2021 0.46% sales tax for digital platforms on motorbike delivery services and ride…
- Status of B2B Electronic Invoicing in France
- France July 2024 e-invoicing further guidance
- Gazettes Order Specifying Tax Filing, Payment Deadlines for E-Platform Transport Operators
- France 0.46% tax on digital platforms for delivery and ride sharing services
- France planned timeline for B2B e-Invoicing and B2C e-Reporting!
- French Tax Authority offer amnesty to foreign sellers for historic VAT on distance sales
- France 2030: the country’s new digital transformation plan
- Tax authorities issued FAQs on E-Invoicing
- VAT exemption for museum guides
- VAT treatment of a card deposit collected when electronic payment cards are provided
- Are spa towns facing the end of input VAT deduction?
- Court judgment exempts virtual land rentals from VAT
- Reduction In Interest On Back Taxes And Tax Refunds In Germany – How Will These New Rules Benefit Your Business?
- Painful: Here is the government’s extra tax on each plane ticket!
- How to avoid tax audits by the Hungarian Tax Authority
- Government Releases VAT Treatment for Depositary Global Custody Services
- VAT Treatment for Digital Gaming e-Services
- Reverse charge in the electronic and energy sector renewed until 2026
- VAT refund: what is the deferral of the assessment deadlines for?
- Deferral of the VAT assessment deadlines – effects on the deadline presentation of the supplementary declaration
- Reverse VAT charge: what to do after the extension to 31 December 2026
- Bitcoin and other cryptocurrencies in Italy
- Operation of communion of land between colottisers: not subject to VAT
- VAT exemption for the sale of the ship leased to third parties
- VAT deduction for the residential property intended for the professional studio
- E-invoicing in Italy – Upcoming Changes From July 2022
- Fee paid to the Municipality for vehicle removal services to VAT
- Municipality service under concession: when it is relevant for VAT purposes
- VAT deduction for the residential property intended for the professional studio
- New regulation for novelties in fiscalization in Lithuania
- Important characteristics of the fiscalization system
- How do you determine the VAT regime for specific services performed by nonresidents?
- Tax Agency Posts FAQ on VAT Refunds for Repairs Made by Rental Building Tenants
- VAT on services provided by non-residents, including consulting, engineering, legal, accounting, marketing, and other services
- Court of The Hague: Mobile phone, including loan and subscription does not qualify as a composite supply
- Fiscal unity member is liable for VAT debt
- Delivery of short-term rented care complex is generality of goods
- Provide pension administration and support services for one VAT-exempt service
- VAT exemption for management support and pension administration for pension funds
- Transfers of real property qualified as transfers of going concern for VAT purposes (court decisions)
- VAT and Solar Panels
- Entities in VAT group liable for VAT debt, but director not
- Broader interpretation of conditions for forming a VAT group
- No VAT delivery of real estate with deal project developer
- Sale complex with rented apartments is transfer of generality of goods
- Good news for the Dutch Real Estate Market
- No VAT is due on the sale of newly constructed apartments due to the application of TOGC
- Updated Dutch DAC6 Reporting Instructions Published
- VAT rate for live streaming performances and concerts
- KAS has broken up the group that issued false invoices
- Update of the SSL certificate of the JPK service test environment
- Change of the entry date of provisions introducing the “VAT group”
- 10 arrested for stealing EUR 34 million in taxpayers’ money
- Reduced interest rate on voluntary payments, exchange rate for corrective VAT invoices (court decisions)
- The sale of building plots by a farmer is subject to VAT
- Four recent VAT and e-invoicing updates in Poland
- Recognition of the VAT group as a taxpayer
- Services for a single entity do not immediately mean a ”fixed establishment”
- Do you rent a house with photovoltaics? Watch out for excise surprises
- Ministry of Finance decided that hosting Ukrainians is subject to VAT
- Portuguese SAF-T is mandatory for non-established businesses: the 2022 State Budget is approved
- Portugal delays digital signature requirement for PDF invoices until January 1, 2023
- Budget 2022: Extension VAT reduced rates and extension compliance deadlines
- Are Romanian companies in retail sale of clothing obligated to use the E-invoice system?
- Five key questions about e-Transport in Romania
- Zero VAT for hotels does not apply to related services
- Ministry of Industry and Trade proposed to exempt equipment for the gas and chemical complex in Ust-Luga from VAT
- Zero VAT for hotels does not apply to related services
- Electronic VAT return submission only through electronic document management operator
- Zero VAT rate can be applied when selling goods to foreign individuals from foreign warehouses
- How to correct a cash receipt if a mistake was made in the VAT rate?
- Critical error with inappropriate content transferred to VAT calculation – 10.6.2022 – Resolved
- Government amends Guidance on VAT Rules
- VAT in Spain – brief introduction
- Are invoices that are scanned, digitized and sent to the customer electronic invoices?
- Spain Approves Revised Form for DST Self-Assessment
- The Swedish Tax Agency’s position on community associations
- Sweden launches study on electronic invoicing and e-Reporting
- Turkey Doubles Transaction Tax on Consumer Loans to 10%
- VAT Exemption conditions for buying property in Turkey
- Switch to determining VAT liabilities using cash accounting method may negatively impact decision of European Commission on Ukraine’s accession to EU – Ministry of Finance
- Ukraine reinstates Unified Register of Tax Invoices URT
- Ukraine Significantly Increases Interest Rate Affecting Late Payment Penalty Interest
- Law № 2260. Taxpayers who correct errors by submitting adjustment calculations by July 25, 2022, are exempt…
- VAT on Ukrainian audiobooks will be abolished on June 17: the law has been published
- Ukrainian budget gets $305,000 as first revenue from ‘Google tax’
- Privileges are prepared for VAT payers by the cash method
- Salt and sugar tax for England to be ruled out
- Case report on VAT recovery on new car, private plates
- HMRC Guidance: Pay no import duty and VAT on medical supplies and protective equipment brought in due to coronavirus (COVID-19)
- UK VAT – avoiding unexpected costs
- Statutory guidance Notices made under the Customs (Import Duty) (EU Exit) Regulations 2018
- HMRC penalties jump 28% to £571m in the past year
- Electronic invoicing update
- Revenue & Customs Brief 10 (2022): VAT – business and non-business activities
- FTT: MADDISON and BEN FIRTH T/A CHURCH FARM – Input Tax-whether two vehicles, a personalised number plate and items of clothing were business expenses
- FTT: HAYMARKET MEDIA GROUP LIMITED option to tax election – sale of site with planning consent…
- FTT NEEGUM SHETH SAM GHAZI: deliberate inaccuracy penalties after denial of zero rating
- Exempt insurance intermediation. The Staysure case
- UK VAT Guide
- 7-year ban for Manchester takeaway boss who abused Covid-19 support schemes
- HMRC Guidance: Insolvency (VAT Notice 700/56)
- VAT Requirement for Security
- Form: Apply for VAT group registration or amend your details
- Tax avoidance in the world of VAT
- The importance of Transfer of a Going Concern rules. The Haymarket case
- VAT Exemption: Self-Invested Pension Plans
- Google costs not linked to VAT exempt insurance supplies
- Hodge & Deery: exemption for flexi vault burial chambers – FTT
- Telent: relitigation of input tax claim estopped – FTT
- RCB 10(2022): updated guidance on the meaning of “business”
- Deductibility of input VAT incurred on advertising costs for partially exempt businesses
- Islanders protest against introducing GST in Guernsey
MIDDLE EAST
- UAE implements Comprehensive Economic Partnership Agreement with India related to imports
- Role of the tax invoice in input tax recovery – remarks de lege ferenda in the UAE VAT system
- VAT FAQs For Businesses Operating In The UAE Education Sector
