If you have kids, you probably know what it means to worry about them all the time. And if you don’t have kids, well, you can compare it to that prickling question in the back of your mind when you go on vacation: “did I turn the lights off or not?”
When Gen Xers and Millennials were kids, playing outside wasn’t much of an option. That’s just what you did.
As a parent, you know that at the moment your child is born, you are already starting to grow apart. Of course, you change the diapers, you bring them to school, you teach them your norms and values, you’re there for them when they need it. But you know that, one day, they will go and live their own life. And they make mistakes and they learn from them. And they will get hurt, and you will feel that same pain.
But that’s good. Especially in today’s world, children should grow up, knowing that not everything in life is easy. The worst thing you can do as a parent, is to be overprotective. In Dutch we even found a word for these parents: ‘curling parents’, because they want to even and smoothen out the path for their spawn.
In fact, research shows that children that play outside more often, are healthier and can lead to a more effective immune system. Studies show that by being exposed to ‘the outside’, as well as to sunshine, affects the trillions of microorganisms that live on and inside us and thus influence our risks of certain diseases, food cravings, mental health, and sometimes even our personalities.
What this study seems to prove is that our surroundings and lifestyles can play a huge role in the richness and diversity of bacteria in our bodies, and that’s not typically a bad thing.
Even though the study was performed on children, we think that it applies to everyone. VAT is of course the most wonderful thing to work on every day, but it may be a good idea to take a break and go outside. Even if it’s just a walk during your lunch break. But even better: go camping, take hikes, go skiing or swim in a lake – the more natural environments you can expose yourself to, the better off everyone will be in the long run! And the people around you as well.
Stay safe!
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WORLD
- Job opportunities in Netherlands, Sweden, United Kingdom and United States
- Job opportunities in Belgium, Hungary, Netherlands, Spain and United Kingdom
- Job opportunities in Netherlands, Slovakia and United Kingdom
- Job opportunities in Belgium, Hungary, Netherlands, UAE and United Kingdom
- Job opportunities in Argentina, Germany, Poland, Switzerland and United States
- ICC Incoterms Flowchart
- VAT TV August 2022 news
- Digital Services Taxes DST – global tracker
- Indirect tax – the finance system transformation
- The changing role of the tax function
- Supplying digital services abroad? 6 reasons why you can’t ignore indirect tax.
- PE Watch – Latest developments and trends, August 2022
- Global overview of environmental taxes, incentives and grants (table)
- More Countries Are Pricing Carbon, but Emissions Are Still Too Cheap
- E-invoicing and Digital reporting global updates
- TradeFlash – July 2022
- Addressing complexities of VAT compliance beyond the legal requirements
- How to implement a tax engine – the practical approach
- The drivers of tax reform: the key players and key forces for change
- Implementing a tax engine – opportunities and challenges in a global environment
- International Trade Compliance Update – July 2022
- Digital Taxes Around The World
- TBI Expert View by Taxback International S1EP6 : “The VAT Industry & the Changing Role of Digital Technologies”
- 6 Things to Keep in Mind While Implementing E-Invoicing
- 4Rs principle: A guide for dedicated tax strategy
WEBINARS / EVENTS
- Webinar Zampa Debattista: VAT in the Yachting (Sept 14)
- Webinar: Vertex – Addressing the Challenges of Global Invoicing – Invoice IQ Webcast (August 24)
AFRICA
- Transition rules for temporary reduction in VAT rates
- Temporary reduction in VAT rates and other economic measures announced
- Egypt extension of e-invoicing / receipts to B2C update
- Egypt Tax Authorities to leverage e-invoice submission in real time
- Egypt Second Phase of the e-Receipt System
- Egypt Introduces New Tax Amnesty Scheme and Extends Dispute Settlement Process
- Egypt Will Now Require E-Invoices to Support VAT Refund Claims
- Ghana issues 2022 Mid-year Budget Review Statement
- Government implements 9 out of 13 tax measures in 2022 Budget
- High Court of Kenya reiterates importance of submission of proper documentation during the appeal process
- VAT on Export of services needs urgent reform
- All residential lease agreements not created equal from a VAT perspective
- Tax authority targets e-service suppliers and VAT compliance
- VAT on the supply of electronic services
- Tax authority targets e-service suppliers and VAT compliance
- Tanzania issues regulations on registration of non-resident suppliers of electronic services for VAT and digital services tax
- Uganda scraps tax on imported rice from Tanzania
- Uganda scraps tax on imported rice from Tanzania
- Key Amendment to exempt supplies and zero-rated supplies
AMERICAS
- Construction companies may deduct 0.325 from the VAT determined for general construction…
- Chile’s Congress to discuss tax reform proposal
- New regulation establishing requirements for DTE used for purchase and sales of foreign currency
- New regulation establishing to certain taxpayers filling requirements for invoices used for…
- Chile DTE e-invoice update
- Newly created SMEs will be eligible for a special VAT credit for the first twelve months
- Panama mandatory SFEP VAT e-invoicing update
- Panama Gazettes Executive Decree Establishing Procedure, Deadlines for Implementing E-Invoicing System for Various Taxpayers, Services
- Panama obliges more taxpayers to comply with the e-invoicing mandate
- Tax Authority Introduces Implementation Deadline for Taxpayers Adhering to E-Invoicing System
- When should I collect sales tax on my services?
- Georgia: Lease Payments for Coin-Operated Amusement Machines Properly Subject to Tax
- Louisiana establishes multi-parish audit program
- Online learning courses ruled non-taxable in Texas
- Tennessee rules marketplace facilitator fees are not subject to sales tax
- Vermont expands sales and use tax manufacturing exemption to include machinery and equipment in integrated production operation
- IRS To Add 87,000 New Agents, More Crypto Tax Enforcement
- Sales tax is a tricky world
- Ohio: Proposed Rule Repeals Sourcing Sales of Internet Access Services to Consumer’s Place of Primary Use
- New Mexico: Proposed Rule Says Receipts from Digital Ad Services May Be Subject to Gross…
- Nevada: Proposed Rule Addresses Voluntary Disclosure of a Taxpayer’s Failure to File a Return
- Tax Provisions in the Inflation Reduction Act Including the Excise Tax on Corporate Stock Repurchases
- New Mexico: Updated Guidance Reflects New GRT Deduction on Sales of Some Services to Manufacturers
- ”Inflation Reduction Act” reconciliation bill: A 1% Excise Tax on repurchased stock
- Denver Exempts Incontinence and Diaper Products Effective October 1, 2022
- What’s new in July for state sales and use taxes
- South Dakota: 2022 Municipal Tax Guide Issued
- Texas: Research and Development Exemption Rule Amended
- Kentucky sales tax relief announcement
- Wayfair Sues Lakewood, Colorado over Home-rule Sales Tax Complexity
- Sales Tax Rules and Rates Update Part 2: Inflation and a Narrowing Base Pose Limits
- Tennessee DOR Letter Ruling Holds that Marketplace Facilitator Fees are Not Subject to Tax
- Michigan: Recycling Machinery Deemed Ineligible for Industrial Processing Exemption
- Illinois DOR Responds to Survey on Sales Tax Nexus Standards, Enforcement Policies, and Sourcing
- What’s new in July for State Sales and Use Taxes
- Arkansas: Mail Processing Services Not Subject to Tax
ASIA PACIFIC
- Draft update to GST treatment of cross-border supplies, digital currency
- Australia cracks down on GST refund fraud
- Draft update to GST treatment of cross-border supplies, digital currency
- ATO Provides Guidance on the Temporary Offshore Petroleum Levy
- Australia’s updated B2B e-invoicing using the Peppol framework (2023-2025)
- Technical Highlights of Finance Bill 2022
- Updated VAT Return Form VAT-9.1 in XLSX format
- Bangladesh Tax Agency Posts 2022 VAT Audit Manual
- China Tax Agency Announces Strengthening of Export VAT Refund for Foreign Trade Enterprises, Other Measures
- China prolongs Additional VAT Deduction relief for key services industry
- GST: Kerala introduces ‘Lucky Bill App’ to Curb Tax Evasion
- Changes in GSTR-3B
- GSTN issues Module wise new functionalities deployed on the GST Portal for Taxpayers
- Daily GST Updates – August 12, 2022
- Do you need to pay 18% GST on rent?
- GST on House Rent for Tenants applicable to Business Entities Only: Govt
- Interest on Delayed GST Refund not Hit by Supreme Court Suo Moto Extension
- New Functionalities for Taxpayers on GST Portal (July, 2022)
- Daily GST Updates – August 11, 2022
- GST on Damages: Moment of Reckoning
- Govt wants compulsory e-invoicing for small business
- Circular: An activity to agree to the obligation of any of the following shall be treated as supply of service
- GST Transformation – The Road Ahead
- E-invoicing obligation scope might be further extended by CBIC
- FAQs on GST applicability on ‘pre-packaged and labelled’ goods
- Indian Supreme Court Finds Taxation of Ocean Freight Unconstitutional
- India Customs Agency Clarifies GST on Liquidated Damages, Compensation From Contract Breaches
- India Customs Agency Clarifies GST Rates, Exemptions on Various Services
- Service Tax cannot be levied on antivirus software sold in CD
- GST Council likely to meet in September to consider 28% GST on casinos and online gaming
- Indirect Tax Weekly Digest – 10 August 2022
- GST Refund: No Proper System of Review and Post-Audit to Rectify Mistakes
- Clarifications issued by the Central Board of Indirect Tax & Customs (CBIC)
- India’s Supreme Court holds secondment of employees between group entities is a taxable service
- GSTN Data contains Inconsistencies, Not Reliable: CAG
- B2C Invoicing QR Code Requirement
- Monthly GST Newsletter for August 2022
- GST Provisional Attachment not Valid after Expiry of Time Period u/s 83 of CGST Act
- Journey of Five Years of GST- An Analysis
- Delhi HC quashes Unsigned Order Cancelling GST Registration
- CESTAT grants Cash Refund claims of Unutilized CENVAT Credit during Pre-GST regime
- GST scam: Two years on, Punjab VB awaits prosecution sanction against 17 officials
- Do I need more than one GST registration (GSTIN) if I have branches in multiple states?
- Pending VAT cases to be resolved within four months: Punjab Fin Min
- India cuts e-invoice threshold to ₹5 crore 1st January 2023; to follow cut to ₹10 crore 1st October 2022
- NITYA – Indirect Tax Bulletin – July 2022 – Week 4
- Kazakhstan reintroduced preferential VAT for importers of pesticides and livestock
- List of imported goods for which VAT is paid by the offset method is planned to be expanded
- Singapore Updates Guidance on Preparing for GST Rate Change
- Singapore Updates Several GST e-TAX Guides
- Tax reform proposals for 2022: Introduction Self-Billing
- Mitigation of conditions to issue revised import VAT invoices and introduction of…
- Requirement to register for Korean VAT
- Vietnam Gazettes Decree Amending Provisions on VAT Calculation, Refunds
- Import of software to Vietnam
EUROPE
- SAF-T (or equivalent) implementation in Europe – 13 countries implemented, 2 pending
- What is an X and Z report?
- What European Countries Are Doing about Digital Services Taxes
- Plastic Packaging Tax in UK, France and Italy – A Comparison
- Comments on ECJ C-696/20: Safety-net acquisition tax applies for using VAT-ID from country of departure
- Comments on C-267/21: Uniqa Asigurari – VAT on claims handling services
- Comments on ECJ C-294/21: Navitours – VAT on boat trips on the Moselle
- Comments on C-247/21 – AG opinion – No simplified ABC Scheme if the statement ‘VAT…
- Comments on C-487/20: Principle of equivalence specified
- Comments on ECJ C-696/20: Taxation of intra-Community acquisitions
- Comments on ECJ C-194/21 (Staatssecretaris van Financiën) – Scope of application of adjustments to input VAT
- Comments on C-267/21: Uniqa Asigurari – VAT on claims handling services
- Comments on ECJ C-294/21: Navitours – VAT on boat trips on the Moselle
- Agenda of the ECJ VAT cases – 2 Decisions, 1 AG opinion on September 8, 2022
- Comments on C-247/21 (Luxury Trust Automobil GmbH) – AG Opinion – Intra-Community Transactions – Invoice reference to a reverse charge for…
- Flashback on ECJ Cases – C-472/08 (Alstom Power Hydro) – A Member State may provide for a limitation period of three years for refund of unduly paid VAT
- Flashback on ECJ Cases – C-407/07 (Stichting Centraal Begeleidingsorgaan) – Exemption Services supplied by independent groups
- Flashback on ECJ cases C-320/02 (Stenholmen) – Live animals can be considered used goods
- Flashback on ECJ Cases – C-363/05 (JP Morgan Fleming Claverhouse Investment Trust) –…
- Fixed Establishment: The ins and outs of a tricky VAT concept
- Import of Russian crude oil or petroleum products into the Union: notice to operators
- European Parliament Petition by Ine Lejeune (Belgium) on VAT exemption on the transportation of exported goods
- European Commission publishes Annual Report on Taxation 2022
- VAT insights: Identifying the place of establishment
- Return of foreign VAT – applications for 2021
- Cross Border Commerce: What’s the Appetite?
- EU Businesses: Foreign VAT recovery inside EU
- EU solutions to IOSS problems approved
- Return of foreign VAT – applications for 2021
- Final Report European Commission VAT in the Digital Age: DRR
- EU-UK Brexit infringement procedures 1-month extension
- E-Invoicing timeline introduced in Belgium
- New procedure for Belgian VAT refund request by taxable persons established outside the EU as…
- Accountant liable for compensation for 20% of Belgian VAT fines
- Tax authorities can go back up to ten years in case of fraud
- Green Party want to drop VAT on fruit and greens
- Questions surrounding VAT treatment of promotional events
- Comments on ECJ C-218/21: CJEU’s surprising conclusion on VAT rate for elevator repairs
- VAT perspective on early termination of energy supplies
- Increase in VAT registration limit: main tax implications for entrepreneurs
- Guidance provided in Q&As on cross-border arrangement reporting under DAC6
- Limit for VAT registration will be increased to CZK 2 million
- New law on interest surcharges on VAT and tax corrections
- The CTC Model is Expected in Denmark
- Denmark Tax Agency Updates Guide on EU VAT Transactions
- Guide: VAT on EU trade
- Lintilä calls for VAT cut to lower electricity prices
- Lintilä recognizes VAT reduction as the best way to curb rising electricity prices
- Finland considers electricity VAT cut
- Finnish VAT Guide
- Is the Reliable Audit Trail (PAF) necessary with electronic invoicing?
- Electronic invoicing between taxable persons (“e-invoicing”) and transmission of information (“e-reporting”) to the French tax authorities from 1 July 2024
- Estimation of missing amounts of VAT payments: use of tax audit data
- Companies: what does our tax culture portend for the future? E-Invoicing, Real Time Reporting, …
- France General Directorate of Public Finance Issues FAQs, External Specifications on VAT E-Invoicing
- Five key questions about e-Invoicing and e-Reporting in France
- Another Land with B2G Duty in Germany
- Which reporting obligations will be introduced for online platforms?
- MOF publishes DAC 7 draft implementation bill
- DAC7 Reporting Obligations
- CJEU submission on the reach of the so-called “Reemtsma claim”
- BMF: Reduced VAT rate for supplies of a charitable organization
- BMF: Exemption of supplies from an independent partnership to its members
- BFH: Documentation of the assignment of an item to a company
- BFH: Significance of the principal of neutrality for VAT rate reductions
- Government Releases the obligations for EU Digital Platform Operators
- VAT treatment of GHG quota trading
- Germany considers cutting VAT on Gas Levy
- VAT in Germany – A comprehensive up to date guide
- VAT in Greece – A comprehensive up to date guide
- VAT registration thresholds that are applied in Greece
- Hungary Allows Tax Payment In Euros And U.S Dollars
- VAT in Hungary – A comprehensive up to date guide
- Hungary Allows Tax Payment in Euros and U.S Dollars
- Increasing VAT ‘may have a negative impact on economy’
- Further extension of 9% tourism VAT rate not expected
- Ireland provides guidance on tax deductibility of Digital Services Taxes
- Ireland Publishes Budget 2023 Tax Strategy Group Papers
- Ireland Will Allow DSTs Paid in Other Countries as a Deductible Expense if Incurred Wholly and Exclusively for the Purpose of a Trade
- Quarterly indirect tax update – Focus on VAT implications for Foreign Direct Investment
- Revenue eBrief No. 158/22: Deduction for Digital Services Taxes
- Italy Extends Energy Support Measures: Reduced VAT rate applicable till end Sept/Dec 2022, ….
- Criteria for selecting MNE taxpayers for audits
- Clarifications on issuing credit notes in case of termination of agreements for continuous and…
- The prerequisites for the reduced VAT rate must be demonstrated
- Electronic invoicing: new technical specifications have been published which can be used from 1…
- New FatturaPA B2B Technical Specifications and Schemas Released for 1 Oct 2022
- Ruling 417: Import customs bill – Registration for VAT purposes
- VAT guideline for cooperation between education and childcare
- VAT guideline in the cooperation between education and childcare
- Electronics traders must provide information to the inspector in VAT investigation
- Government Clarifies VAT Refund Provision for Discounts in Connection to VAT reduced rate to Energy
- Business was driven by man and not by his ex-partner
- Magic Mushrooms for mind-altering effect or hallucinatory effect, so normal VAT rate
- Correct assessment of excise tax on hand to have red diesel
- Bank may block account after suspected VAT fraud
- Accountant does not insist sufficiently to file a VAT return in Belgium and is partly liable for damage
- Magic mushrooms (Sclerotica) are not a food, so 21% VAT applies
- Sclerotia are not foodstuffs subject to the reduced rate
- Standard VAT rate applicable on delivery of self-care products
- Are you afraid of power cuts? Are you investing in power generators? Remember about the excise tax!
- What are the Benefits of Integrating KSeF With EDI?
- 5 major VAT Developments in Poland
- Reporting obligations of digital platform operators in the European Union (DAC7)
- Citizen counselling without VAT
- SLIM VAT will improve the liquidity of companies trading in the EU
- Advertising of products in social media and the tax “surprise” (codename WHT)
- SLIM VAT 3 – what simplifications await taxpayers?
- SLIM VAT 3 and provisions to increase the effectiveness of combating VAT fraud in consultations
- Poland MOF Seeks Comments on Draft Bill Amending Various VAT Provisions
- Soon we may expect serious changes to the Fiscal Penal Code
- So far, there is little interest in e-invoicing under the KSEF
- The Senate wants VAT cuts on heating oil, pellets and LPG
- The new regulations force more contacts between accountants and clients
- VAT settlements will be less complicated – draft in consultation
- There will be new rules for issuing information on VAT, excise and customs rates
- Tax office will measure penalties for unconscious mistakes in the VAT settlement
- Porsche in a company with full VAT deduction
- SLIM VAT 3 and provisions to increase the effectiveness of combating VAT fraud in consultations
- Advance payment: No possibility of extending the deadline for applying the 0% rate
- The use of cash registers in the local government
- Levy on plastic, aluminium or other disposable packages used on take away meals
- New contribution over disposable plastic and aluminium packages from meals ready to consume
- The contribution on single-use packaging made of plastic or multimaterial with plastic
- Circular letter and Q&A on Contribution on Packaging – Application Procedures
- Portuguese SAF-T is now mandatory for Non-resident taxpayers
- VAT rates are increasing next year, with implications in the food and real estate sectors
- VAT rate increases to 9% (from 5%) for hotel accommodation, restaurant and catering services as of Jan 1,…
- Ministry of Finance explains tax base for VAT on the sale and transfer of property
- Government amends the Regulations for Digital Currency
- VAT on foreign electronic services: clarification from the Federal Tax Service
- VAT on fuels and lubricants and other goods for car maintenance can be deducted on the basis of a cash receipt
- Ministry of Finance proposed to exempt developers of military programs from VAT
- Services did not qualify as exempt “know how” but as taxable consultancy
- Serbia e-Invoicing as of Jan 1, 2023
- Tax Authorities in Serbia have initialized the „From your pocket to your pocket“ campaign
- Difference between fiscalization and e-invoicing in Serbia
- Slovenia Tax Agency issues guidance on VAT rates, exemptions and input VAT deduction
- Slovenia Consulting on Implementation of DAC7
- Finance Ministry Proposes Mandatory Reporting Obligation for Operators of Digital Platforms, Seeks…
- New case law in Spain: VAT on amateur sports events
- Spanish government provides more details on the mandatory B2B e-invoicing draft law
- B2B e-Invoicing will become mandatory
- Recipient of container does not plan to return it: what about VAT?
- How is the value of the package indicated in the tax invoice as returned in the case of its non-return to the sender reflected in the VAT accounting by the supplier and the buyer?
- How is the base for VAT taxation of operations on the supply of goods outside the customs territory of Ukraine determined under the export customs regime?
- Ukraine to Extend VAT Exemption for Software
- Which single tax payers can be VAT payers?
- Is the transaction for the payment of insurance payments subject to VAT?
- Will the budget compensation be provided in case of liquidation of VAT registration?
- EU-UK Brexit infringement procedures 1-month extension
- FTT: Spectrum Community Health CIC – exemption – Article 132(1)(b) VAT Directive EU principle of fiscal neutrality
- FTT: Bobby Khan Enterprises Ltd – Undeclared purchases – assessments and closure notices
- FTT: Lynton Exports (Alsager) Ltd – MTIC Fraud – Kittel input tax assessment and Mecsek ouput tax…
- FTT The Towards Zero Foundation on non-economic activities – deduction of VAT if linked to wider business activity
- FTT: London School of Accountancy and Management Ltd: Taxpayer in liquidation as an education provider – no refund of course fees to students made
- New Penalty System to be Introduced in 2023
- Tax Professionals Hit Problems with New Online VAT Registration System
- Illinois: Proposed Rules Address Sourcing Rules and Leveling the Playing Field for Retail Act
- Tribunal: Silver Door – VAT on recharges of merchant acquirer costs
- Tribunal: Car safety tests carried out by The Towards Zero Foundation (TZF)
- How do UK businesses keep on top of an ever-changing VAT regime?
- HMRC Collection: Customs, VAT and Excise UK transition legislation from 1 January 2021 (Updated)
- HMRC Guidance: VAT payments on account
- No invoice – no claim. The Tower Bridge GP Ltd case
- UK Increasing Late Payment and Repayment Interest Rates
- United Kingdom: UK view on EU decisions – Will VAT become due on sub-participations?
- HMRC launches new VAT registration service for agents and an online error correction service
- Tower Bridge GP Ltd – CoA judgment – refusal of input tax recovery on carbon credit transactions
- SilverDoor: VAT on recharges of merchant acquirer costs – FTT
- TZF: the business of establishing car safety testing programmes – FTT
- Tell HMRC about any errors in your VAT Return
- VAT & Customs Duty – Valuation for import purposes
- HMRC Form: Tell HMRC about any errors in your VAT Return
- HMRC Guidance: UK trade agreements with non-EU countries
- VAT and Property: planning for VAT in UK commercial property transactions
MIDDLE EAST
- Guidance issued to banks on withholding VAT at source on import of intangible assets
- Updated VAT amounts for invoicing, periodic reporting, and penalties
- Saudi Arabia Announces VAT Refunds Applicable to Real Estate Exempt Supplies
- ZATCA has defined taxpayers required to comply with Phase 2 requirements as of 1 January 2023
- E-Invoicing: Latest releases and announcements from ZATCA
- VAT Fines and Penalties
- Karak, Zafran Tea and mocktails: Brewing tax penalties?
- VAT: Incurring a financial loss by forgoing input credits?
- VAT Return and Excise Tax Return Filing Deadlines
