How often should you clean your ears? Some folks say every day, some say never, and others think you should only do it every once in a while. So, what’s the real answer?
It’s like scratching a scab: better to leave it alone!
It turns out that in most cases the best thing to do is just leave your ears alone.
Although earwax is viewed as pretty gross, it acts as a defence against dirt, dust, and other particles reaching the sensitive parts of your inner ear, and earwax even has antimicrobial properties. And earwax eventually dries up and falls out of your ears on its own.
Still, it can be nice if sometimes people would clean their ears better. So that they can hear what you’re saying. About VAT, for example. It’s too often the case that your colleagues, you business partner or your boss does not seem to be interested in VAT.
I know that in many companies the CFO does not want to be bothered with tax rules, they just want to know the numbers and facts. VAT people can be perceived as wanting to explain everything, especially with examples and anecdotes, about why an invoice is wrong or how a transaction can be done better or where additional documentation is needed.
Perhaps VAT people should just accept that they are special. And even with all our enthusiasm, we cannot persuade everyone else of the beautiful world of indirect tax.
It’s like Q-tips: those were never meant to clean your ears out, but only should be used on the outside of the ear canal, and not to push the earwax deeper inside. Think about that, next time you’re talking about VAT!
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 Greece, India, Turkey and United Kingdom
- Job opportunities in Netherlands, Poland and Romania
- Country VAT Guides – VATupdate Table
- Non Fungible Tokens: Significant and Emerging VAT Issues
- E-book SAF-T: An Introduction to the International Standard
- Companies work together to build global e-invoicing exchange
- PE Watch | Latest developments and trends for July 2022
- TBI Expert View by Taxback International S1 EP1 : “Global Challenges of Indirect Tax”
- GST on travel reimbursement: What to know
- Taxation of Non-Fungible Tokens – Musings observations and interrogations
- Navigating the Automation Journey on a Budget
- SAP eDocuments Framework
AFRICA
- Measures regarding electronic payment of taxes (Lagos State)
- MAN calls for removal of VAT on AGO, privatization of refineries
- Tanzania’s President assents to Finance Act 2022
- Tax measures in Finance Act, 2022
- Ditch physical, let’s get digital!
AMERICAS
- New Ajuste SINIEF 16/22 Postpones Implementation of the NF3-e
- Brazil’s Superior Court denies PIS and COFINS credits under one-time charge system
- Brazil amends PIS/COFINS contributions for petrochemical plants and chemical industries
- Credit and debit card issuers to withhold VAT on digital services in Chile
- Chile issues law regarding VAT on services
- Modifications to the monthly VAT tax return
- General VAT Regime now requires mandatory electronic invoicing
- List of 155 registered foreign providers of digital services (as of 30 June 2022)
- CDFI version 4.0 mandatory from 1 Jan 2023
- Guidance on use of authorized fiscal equipment, electronic invoicing
- Panama establishes schedule for certain taxpayers to implement e-invoicing
- Real-time compliance in Europe and the U.S.
- Georgia Appellate Court Remands Telecom’s High-Tech Exemption Case Back to Trial Court
- What are the sales tax implications for firearms and firearm safety devices?
- Huge sales tax questions every marketplace facilitator should consider
- Debunking nexus compliance – How do you know when to collect sales tax?
- What’s new in state sales and use taxes
- Iowa updates sales tax base
- Maryland updates digital products definition with new exclusions
- New Louisiana laws aiming to streamline sales tax system
- Washington taxes account access services
- What happens when sales tax is open to interpretation?
- Washington: NFT purchases are now being subject to sales taxes
- Does Kansas charge sales tax on services?
- New Jersey establishes new sales tax holiday
- Does New York charge sales tax on services?
- Vapor Taxes by State, 2022
ASIA-PACIFIC
- Australia e-invoice July 2023 proposal
- E-invoice July 2023 proposal
- ATO Updates Guidance on Decisions Taxpayers Can Object To
- Australia approves B2B e-invoicing
- KPMG supports the development of a single definition for crypto assets
- Check out these GST tax time tips
- Summary of key Australian tax developments in the week ended 11 July
- Taxability of Pre-packaged and Labelled products
- Supply of Medicines and Consumables for providing Healthcare Services to Inpatients are Composite Supply…
- No GST on Printing of Pre and Post-Examination items, and Scanning and Processing of Results:…
- Insulated Glass is classifiable as ‘Plain Glass-Panes’, attracts 10% VAT: Allahabad HC
- Maharashtra govt cuts VAT on petrol and diesel by ₹5 & ₹3
- GST on providing free complimentary Cricket Match tickets
- GST on Hospitals – Curtailing The Exemption
- CBIC notifies rate changes in Goods Rate Notification as recommended in 47th GST Council Meeting
- GST 5 years Challenges Faced And Road Ahead
- CBIC notifies Amendments in GST Rates applicable to Goods Transport Agencies
- Lease or Letting out of Building for Business or Commerce is a Supply and Attracts 18% GST: AAR
- Outward Supply additional disclosures in Form GSTR-3B
- CBIC notifies GST Rate Changes for Goods w.e.f 18th July
- GST is leviable on services provided by the Liaison Office to the Foreign Head Office
- Sale of Internet Advertising Space attracts 18% GST: AAR
- Daily GST Updates – July 13, 2022
- Cancellation of GST Registration violates Right to Livelihood: Uttarakhand HC upholds…
- Measures incorporating GST Council recommendations
- Daily GST Updates – July 12, 2022
- GST System reminds Due Date for Input Service Distributors
- A2ZTaxCorp’s Weekly GST Communique dated July 11, 2022
- IAMAI urges govt to not put online gaming in the highest GST slab
- Charges on Undervaluation and Misdeclaration of Goods not sustainable in the absence of Corroborative Evidence: CESTAT
- High Court strikes down Telangana Value Added Tax (Second Amendment) Act, 2017
- Guidance on definition of virtual digital asset subject to new tax regime
- Measures incorporating GST Council recommendations
- India to cut e-invoice threshold to 5 Crore from January 2023
- HC sets aside VAT amendment, calls it ‘unconstitutional’
- Daily GST Updates – July 8, 2022
- Daily GST Updates July 7, 2022
- Indonesia’s fight against climate change: Carbon taxes and beyond
- Tax Agency explains VAT treatment for insurance agents
- Income tax and VAT treatment of crypto trading and fintech transactions
- New implementing regulations of VAT law
- Update on various indirect tax issues raised by SST Technical Committee
- Updates to excise duty orders reflecting changes to harmonized system are in effect
- Update key relevant issues regarding the special voluntary disclosure and amnesty program for indirect…
- Malaysia to introduce gradual e-invoicing implementation in 2023
- EIS VAT e-invoicing launched
- Philippines’ CTC e-invoice reporting system is officially live
- Digital services non-resident providers bill progress
- Bill to subject digital services to VAT
- Tax on plastics, online transactions gets new push
- 5 million Singaporeans to receive up to $700 in GST Vouchers in August: MOF
- Extension to Singapore’s GST OVR: What overseas businesses need to know
- GST: Guide for the Travel Industry (First Edition)
- Decree allows extension of certain tax payment deadlines in 2022
- Vietnam’s E-Invoice System to Provide Online Services
EUROPE
- European Commission urges CYPRUS to transpose new rules on temporary VAT exemptions on importations and on certain supplies in response to the COVID-19 pandemic
- Carbon Border Adjustment Mechanism (CBAM)
- 2021 Annual Report on monitoring the application of EU law – Infringement cases by policy area
- SME Scheme Update: New EU VAT Compliance Rules
- VAT refund claims: submit your application before 30 September!
- EU propose to extend the OSS system to include B2B sales of goods and services
- Marking one year of Fit for 55
- Commission launches initiative to tackle role of enablers in aggressive tax planning
- The VAT review for investment goods
- EU VAT in the Digital Age proposals 16 November 2022
- Italy Consulting on Legislative Decree for Implementing DAC7
- Programme of the Czech Presidency of the Council of the European Union
- European Commission proposal on VAT in the Digital Age and DAC8 will be published November 16, 2022
- European Commission launches public consultation on regulating tax advice
- Tax Files Under New Council of EU Presidency: Czechia
- VAT taxable person due to one single transaction?
- Loyens & Loeff | EU Tax Alert 195
- European Parliament Petition by Ine Lejeune (Belgian) on VAT exemption on the transportation of…
- European Commission takes further action against GREECE for failure to comply with the EU VAT rules on postal services
- Customs: Commission sets in motion the process for Ukraine to join the Common Transit Conventions
- ECJ C-247/21 (Luxury Trust Automobil) – AG Opinion – Invoice requirements for triangulation
- Flashback on ECJ Cases – C-460/07 (Puffer) – A full deduction VAT and a staggered imposition on the private use of a…
- ECJ C-314/22 Consortium Remi Group’ AD) – Questions – Possibility of exercising the right to…
- Flashback on ECJ Cases – C-274/10 (Commission v Hungary) – No limitation of refund if invoices are not paid
- Flashback on ECJ Cases – C-525/11 (Mednis) – Tax authorities may not defer the refund of part of the VAT surplus until examination of the taxpayer’s annual tax return
- Comments on ECJ C-247/21: Can wrong invoice references when making use of simplified…
- Comments on ECJ C-247/21: Intra-Community triangular transaction – Reference to a reverse charge in the invoice as a requirement
- Roadtrip through ECJ Cases – Focus on ”Transfer of Going Concern” (Art.19)
- Comments on ECJ C-696/20: B: fallback provisions do not double VAT liability
- Comments on ECJ C-696/20: ECJ rules on applicability of VAT in chain transactions
- Comments on ECJ C-696/20: Double VAT levy in chain successive transactions in violation of the principle of proportionality
- ECJ AG Opinion: n the absence of a permanent establishment, Airbnb does not have to…
- Comments on ECJ C-194/21: VAT that has been deducted too late cannot be deducted via revision
- Comments on ECJ C-714/20: ECJ defends legal certainty in a case on import VAT
- Flashback on ECJ Cases – C-273/12 (Harry Winston) – The theft of goods placed under customs warehousing arrangements gives rise to the chargeable event
- Flashback on ECJ Cases – C-444/10 (Schriever) – TOGC includes rental for indefinite period of the retail space to the transferee
- New VAT case ECJ C-453/22 Schütte vs DE (details not known yet)
- ECJ C-289/22 (A.T.S. 2003 Vagyonvédelmi és Szolgáltató Zrt.) – Questions – Whether the right to deduct input VAT can be seen as tax evasion
- AG Finds Italian Tax Regime for Short-Term Rentals Does Not Violate Freedom to Provide Services
- ECJ C-250/22 (Fallimento Villa di Campo Srl) – Questions – TOGC artificially broken down into a…
- Flashback on ECJ cases C-62/00 (Marks & Spencer) – Adoption of national measures correctly implementing a directive does not exhaust the effects of a directive
- Flashback on ECJ cases C-497/01 (Zita Modes) – TOGC covers intention to operate…
- Flashback on ECJ Cases – C-334/10 (X) – Temporary private use does not preclude…
- Flashback on ECJ Cases C-435/05 (Investrand) – No deduction of VAT if a transaction has not been performed for the purposes of the taxable activities
- Polish way of exempting ethyl alcohol according to AG CJEU not in violation of EU law
- ECJ Excise Duty Case C-332/21 (Quadrant Amroq Beverages SRL) – AG Opinion – Excise Duty Exemption for…
- Comments on ECJ C-714/20: Joint and several liability of a customs representative after the CJEU judgment
- New FAQs on the VAT treatment on the supply of furnished accommodation
- The VAT credit on the current account is not time-barred
- Construction site in Belgium – Relations with subcontractors
- VAT credit on the VAT current account does not expire
- Circular 2022/C/67 on the temporarily reduced VAT rate for the supply of electricity and for the supply of natural gas and heat via heat networks
- Circular 2022/C/66 on the VAT regime applicable to service vouchers
- Temporary VAT reduction on natural gas and heat – new measure and extension until 31 December 2022
- Postponement summer vacation 2022 – Returns with refund
- Deadline Extension for Q2 2022 VAT Returns and Intra-EU Statements
- Mind the VAT gap: what the changes mean for Benelux countries
- Increase the minimum threshold of taxable annual turnover for VAT registration from BGN 50,000 to BGN 100,000
- Changes in VAT legislation – Extension VAT rates & Reverse-charge
- Bulgaria Enacts Anti-Crisis Package to Help Mitigate Effects of Inflation
- New e-invoicing and e-reporting specification in France
- Amending Finance Bill for 2022 Will Require E-Invoicing Beginning in July 2024
- Lawmakers lower interest rate to 1.8% per year
- Annual VAT return filing extension
- Judgment: Importance of the principle of neutrality for tax rate reductions
- Activity of a prevention and personality trainer is not a school or university course
- Annual VAT returns in Germany: what do you need to know
- German Federal Council Approves Law to Comply with Court Decision on Interest Rates
- European Commission takes further action against GREECE for failure to comply with the EU VAT rules on postal services
- Amendment of VAT exemption procedure for goods and services in the context of dealing with the refugee crisis
- Italy’s plastic tax will enter into force on 1 January 2023
- Resolution 39: Disbursement of financial resources for the purpose of material price compensation in public contracts
- Malaysia identifies Italy as a good practice for e-invoicing
- Ruling 373: Mere rental of scaffolding – VAT rate
- Import VAT deduction with the new accounting statement
- Italian Tax Authority issues Ministerial Circular on Mandatory Disclosure Rules (DAC6)
- Ruling 370: Transport relating to goods in transit – Non-taxable
- New esterometer, purchases from non-residents and electronic self-billing: timing difficult to…
- Italy Tax Agency issues protocol clarifying VAT returns, deductions on VAT imports
- Answer 278/2022: Supply of VAT credit by persons resident in non-EU countries
- Plastic Tax in Italy
- Mind the VAT gap: what the changes mean for Benelux countries
- Decree on turnover tax on the provision of personnel updated
- Telecom provider owes VAT on unused premium credit
- Input VAT restriction notary office due to interest from third-party account
- No reduced VAT rate for magic mushrooms
- Management fee credit invoice is not a price reduction
- No legal remedies possible against withdrawal of VAT number, so no right to penalty or compensation
- Decree on a refund of sales tax for discounts due to the application of a reduced VAT rate for energy
- Broad reduction of advances on energy bills undesirable
- Fixed Establishment Decree amended
- Management services provided by a partnership of medical specialists to hospitals exempt from VAT
- Reverse charge for non-established suppliers
- Updated VAT Policy on Fixed Establishments and VAT grouping
- Refund of VAT for discounts in connection with the temporary application of the reduced VAT rate for energy
- Netherlands Enacts Reduction in VAT on Energy and Excise Duty on Fuel
- Non-owner can invest and deduct VAT
- Cabinet is aiming for VAT reduction of fruit and vegetables by 2024, including research into sugar tax
- Purchase and sale of digital game coins VAT-taxed service
- Tax authorities publish e-commerce VAT factsheets
- Sale of coins from a computer game taxed with 21% VAT
- VAT deduction for foundation that converts the driver’s building for a future B&B without a right of use
- Opting for taxed rent means no exemption from the small business scheme
- The budget is already earning money on shipments from China, but there are gaps in the system
- New requirements for the e-commerce market (DAC7 directive)
- Poland release electronic invoice software (KSeF)
- Banks will report frequent transactions by e-commerce companies to the tax authorities
- Tax consultations – draft tax explanations regarding VAT groups
- Courses for a category B driving license may increase with VAT
- Transportation of blood is not covered preferential VAT rate
- A simplified invoice can be sent by e-mail
- VAT settlements will be less complicated
- Slim VAT3: Increase VAT threshold small taxpayer, VAT sanctions, no invoice needed for intra-EU purchases, …
- Reduced VAT rates in Poland remain unchanged until the end of October 2022
- Polish Deal 2.0 – Tax changes from 1 July 2022
- Excise duty regulations compliant with EU directive, VAT on chain transactions (CJEU action)
- Electronic Tax Requirements in 2022 (Update)
- Guidance on contribution for single-use packaging made of plastic or multi-material with plastic in Portugal
- Portugal Extends VAT and Transfer Pricing Documentation Deadlines
- Tax fraud email warning
- Input VAT on purchases relating to services outside Russia
- Resetting VAT for hotels has ruined the life of tour operators
- Possible difficulties involved in the payment of VAT on electronic services
- Tax Agency clarifies reduced VAT rate for rental housing
- Public test operation for e-invoicing in Slovakia
- Explanation of FURS: Rental of real estate for tourist rental and VAT
- Fiscalization in Slovenia
- VAT changes in Slovenia in 2022
- Slovenia VAT guide
- Sweden VAT Guide
- Clarification from the Swedish Tax Agency on VAT for community associations
- Prizes in the trotting and galloping sport, VAT
- Customs: Commission sets in motion the process for Ukraine to join the Common Transit Conventions
- Do “individuals” who do not pay VAT need to register when paying VAT in case of import of goods?
- How to submit an addendum to the VAT payer’s data table?
- VAT and the Travel Industry – UK and wider developments
- HMRC Guidance: Complete your VAT Return to account for import VAT
- Majority of UK retailers support an online sales tax
- What is Indirect Representation, and How Does it Affect UK Businesses?
- Northchurch Homes Ltd: more than just a facade – FTT
- Tribunal looks behind the façade of VAT rules on home conversions
- HMRC Guidance: Complete your VAT Return to account for import VAT
- HMRC Guidance: UK trade agreements with non-EU countries
- HMRC Guidance: VAT rates on different goods and services
- UK VAT guide
- Organisation of football leagues and pitch hire amount to the exempt grant of an interest in land, with taxable league services.
- HMRC Guidance: UK trade agreements with non-EU countries
- FTT: Quality Convenience Store Ltd – HMRC assessments to both based on their view that the…
- FTT: Hawksmoor Construction Ltd – default surcharge
- UK government should introduce VAT relief for small businesses, says Tide boss
- After 30 September 2022, you will need to declare all goods you import into the UK on the Customs Declaration Service
- UK pays EU £583m after customs ruling on Chinese imports
MIDDLE EAST
- One-year time limit for claiming VAT refunds by tourists
- VAT on gold-making charges may impact other businesses
- E-commerce and VAT: A blackhole for intermediaries, marketplace operators
