Passwords
I got a new phone last week. And I spent most time on it so far not to reinstall my favourite apps, but to login to all of them again.
My password manager stores 453 passwords for my accounts. That may sound extreme, but the average person juggles between 50 and 200 passwords, according to experts. Most of us have dozens of dusty old accounts lurking around the internet that require passwords to log in.
Why do passwords exist?
In many cases these passwords are not really necessary, in my view. Email, yes, of course these need to be kept private, but what about all the random apps in your life, like Spotify or Shazam, or the free news app Nu.nl? What would happen if you wouldn’t have a password for those?
I believe that instead of providing more security, the ‘protection’ of these accounts makes it more risky that your profile is being sold, leaked or hacked. After all, many people have so many passwords that they often use the same, or a similar, password for other accounts.
Many apps also don’t really want you to login with a password because its saver for you, but because its saver for them. They don’t want you to share your account with someone else, or use your subscription for free, so they put a password on it.
Sure, there are many pros and cons for not having a password any longer. For me, it was just a lot of work to get everything working again, the way I used to have it. That includes scrolling through VATupdate.com on Twitter, LinkedIn and Facebook.
Of course, for our website you don’t need a password. It’s accessible free of charge and available anytime, anywhere. We won’t ask you for a profile, because we know who you are already: A VAT lover! Thank you for following us!
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.
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WORLD
- Job opportunities in Hungary, India and The Netherlands
- Job opportunities in Belgium, Poland and United Kingdom
- The future of indirect taxation in a digital world: Tax authorities have yet to carry out tax audits of digital…
- E-Book: The future of e-invoicing
- Free eBook : “The Rise of the Tax Technologist”
- Invoice to Payment mandates: global trends and predictions
- Tax Engines For the Mass Market … But what about the ROI?
- EPR Taxes for Online Sellers In Europe: Core Facts
WEBINARS / EVENTS
- Sovos webinar: Talking VAT Trends: A Panel Perspective (Nov 22, 2022)
- SNI Webinar: Last Call of Serbian e-Invoicing Process: Sistem e-Faktura (November 24, 2022)
- SNI Webinar: General e-Invoice Outlook of KSA: All You Need to Know (November 30, 2022)
- Fonoa Webinar – What Digital-First companies need to know heading into 2023 (Dec 8, 2022)
AFRICA
- Ghana raises VAT 2.5% to 15% 2023
- We won’t accept 2.5% VAT hike – Minority
- 2023 Budget: Finance Minister announces VAT rate to be increased by 2.5%
- VAT likely to go up
- South Africa VAT country guide
- Direct attribution and its application for banks in terms of the Capitec judgment
- Finance and Economic Development Minister proposed to raise VAT from 14.5% to 15% per 1 January 2023
AMERICAS
- Day without VAT: President Gustavo Petro explained why the December day was eliminated
- VAT exemption for courier and urgent shipments
- Policy 40 – VAT and Persons in Representative Capacity
- Policy 3 – VAT on Educational Services and Materials
- Policy 56 – VAT on Meat
- Policy 45 – VAT on Porridge Products
- Policy 20 – VAT on Sports Gear and Sports Equipment
- Policy 14 – VAT on Garments produced by Local Manufacturers
- Policy 16 – VAT on Funeral Services and Human Remains
- Policy 43 – VAT on Rice and Rice Products
- Policy 29 – Going Concern
- Policy 55 – VAT on Eggs
- VAT Policy 41 – VAT on Cargo Handling Services and International Transport Services
- Excited For Thanksgiving? Breaking Down The Sales Tax Implications Of Your Big Turkey Dinner
- Important sales tax updates and trends for 2023
ASIA-PACIFIC
- Failure to Avail Transitional Credit Manually and Online
- VAT Payment would not amount to Fee u/s 40(a)(iib) of Income Tax Act: ITAT
- No Adverse inference against availment of CENVAT Credit: CESTAT quashes Disallowance of Credit
- RBI includes GSTN as a Financial Information Provider under Account Aggregator Framework
- GST Compensation to States: Central Govt releases Rs. 17 crores
- Non-Deduction of TDS on Free Samples by Dabour India: Delhi HC directs Re-consideration of Stay Application
- 48th GST Council Meeting will be held on 17th December
- How To Check For Fake GST Invoices?
- Now GST payments can be made through 21 banks; GSTN added newly City Union Bank
- GST applicable on Cost of Diesel for running DG Rental Service: AAR
- Medical Insurance premium for employees, pensioners and their family members are taxable…
- Avail One-time Opportunity to claim missed out Transitional Credit in GST
- Relief to Nuvoco Vistas: Bombay HC allows to file GST TRAN-1 regard to distribution and…
- Disclosure of Cost of Material and Labour in Invoice: CESTAT orders Re-examination
- Reversal of CENVAT Credit on non-moving inventory under general provision is not valid: CESTAT
- Difference Between GSTR-9 And GSTR-9C
- Mandatory furnishing of ineligible / blocked ITC & reversal thereof in Form GSTR-3B – instructions
- Changes and Compliances in GSTR 9 & 9C-FY 2021-22
- India B2B e-invoicing threshold drops to ₹5 January 2023 – FAQ’s update
- Annual Returns (Form GSTR 9) & Reconciliation Statements (Form GSTR 9C) for FY 2021-22 are due on 31st December 2022
- QRMP Scheme under GST – Eligibility, Tax Payment, Return Filing & Late Fees
- Taxability of GST on controlling interest per se
- Mandatory furnishing of correct ineligible ITC & reversal thereof in Form GSTR-3B
- Weekly GST Communique – November week 3
- Importer liable for making Forged Imports: CESTAT
- Maldives GST Rate Increase effective January 1, 2023
- GST rate for tourism sector and general sector will increase to 16% and 8%, respectively, from 1…
- A business person who declares business tax online may be exempted from penalties for minor errors
- Taiwan MOF Clarifies Business Tax Declaration Procedure Following Sales Returns, Discounts
EUROPE
- Postponed import VAT accounting: What is it and how does it work?
- EU VAT in the Digital Age (ViDA); what to expect
- Flashback on ECJ Cases – C-563/11 (Forvards V) – Right to deduct if Invoice issued by a company considered…
- Comments on ECJ C-607/20: voucher reward scheme – whether output VAT due on retail vouchers given to employees under recognition scheme – taxpayer win
- Flashback on ECJ Cases C-284/04 (T-Mobile Austria and Others) – Auctioning of the UMTS licences is not a taxable transaction
- Referral to ECJ: Not immediately deducted the VAT charged to her upon purchase, cannot still effectuate the right to deduct via the adjustment scheme
- Flashback on ECJ Cases C-369/04 (Hutchison 3G and Others) – Auctioning of the UMTS licences is not a taxable activity
- ECJ: Poland won a dispute with the Commission for exemption from excise duty on alcohol for…
- ECJ C-596/21 (Finanzamt M) – Judgment – Right to deduct VAT in case of Tax Evasion in a prior transaction
- ECJ C-458/21 (CIG Pannónia Életbiztosító) – Judgment – Medical exemption for service used by an insurance…
- Flashback on ECJ cases C-395/02 (Transport Service) – A Member State can recover VAT if a taxable person…
- Agenda of the ECJ VAT cases – 6 Judgments, 3 AG Opinions till end of 2022
- Comments on ECJ C-607/20: VAT implications on the supply of employee-incentive vouchers to employees
- EU Delays VAT, Crypto Proposals Until At Least December
- List of Gold Coins considered ‘Investment Gold’ for VAT purposes published
- DAC 7: Reporting obligations for digital platform operators
- Implementation of Plastic tax across EU
- The general principles of tax law in ECJ case law: the principles of neutrality and proportionality
- EU-VAT: Mandatory e-Invoicing – The VAT in the Digital Age (ViDA) package
- ViDA (VAT in the Digital Age): data-elements to be provided electronically to Tax Authorities
- EESPA AGM: VAT in the Digital Age (ViDA) iniatitive presented by the European Commission
- Europe May Be Heading Towards Standardized Digital VAT Reporting
- International VAT Rate Round Up: November 2022
- Implementation of Plastic tax across EU
- VAT on credit-fuel cards
- VAT Persons in the Sharing Economy: The Taxable, the Non-Taxable, and the In-Between – Part II
- VAT deduction under the real use method: new procedure as from 1 January 2023
- Draft bill on the extension of the reduced VAT Rate on Electricity and Heating Networks till March…
- Important changes to the reverse charge mechanism for immovable property works
- VAT deduction under the real use method: the modalities for the electronic notification are known
- About electric charging stations…
- VAT deduction based on direct attribution of costs: new rules as from 2023
- New VAT for entrepreneurs
- VAT treatment of your membership fees: Individual decision of the VAT authorities is possible
- Changes in the taxation of individuals and new rules for VAT
- VAT registration from the current CZK 1 million to CZK 2 million still under discussion
- Mandatory Electronic Invoicing in Denmark
- The cost of correction: Danish VAT return errors subject to a 30% interest surcharge
- New Caledonia to simplify VAT rates
- Public consultation for the VAT Single Taxable Person (VAT group) scheme
- Quarterly VAT returns can be filed by French businesses with a total VAT of less than 4000 EUR
- VAT rate for transactions with silver coins
- VAT benefits based on the additional agreement to the NATO troop statute; Modification of the list of official procurement bodies of the Dutch Armed Forces
- German Federal Fiscal Court on customs valuation: Retroactive transfer price adjustments not to be taken into account (Hamamatsu decision)
- Germany requests permission from European Commission to introduce mandatory B2B e-invoicing
- Relationships in tri-party contracts and VAT exemption in the case of an actus contrarius
- Appeal in “Hamamatsu” case rejected by German Federal Court
- Germany introduces a new special levy for products made of single-use plastic
- VAT 2023: Important changes at a glance
- Reduced VAT rate for restaurant and catering services: Extension of the time scope until December 31, 2023
- Germany takes a step forward to implement mandatory e-invoicing
- New certificate of VAT taxable status
- Extension of the deadline for data transmission to myDATA in case of discrepancies
- EKELFA: Proposed documentation of myDATA application suspension request
- Finance Bill 2022 – Key Indirect Tax Measures
- Guide: VAT in Ireland
- Revenue eBrief No. 197/22 21 – Emergency accommodation and ancillary services
- Ireland changes VAT rates for newspapers, tourism, and hospitality in 2023
- Ruling 574: Call-off stock regime – Substitution of the original consignee of the goods.
- Ruling 575: The reverse charge between tax representatives does not apply
- Italian Plastic Tax postponed
- 2022 VAT compensation percentages for wood
- Plastic Tax and Sugar Tax – Postponement to 2024 with the Budget law for 2023
- VAT rate on baby products reduced to 5%
- Italian plastic tax postponed
- Italy Is the first Clearance E-Invoicing Model in the EU for all VAT transactions
- Ruling 566: 5% VAT rate on administration of methane gas for civil/industrial use?
- Ruling 567: VAT on rents deductible only if the owner is identified
- Ruling 568: Transactions assimilated to export supplies/supplies of indirect endowments and provisions on board
- Ruling 569: VAT Deduction as a result of “tardiv “a recourse
- New urgent measures for excise duties and VAT on fuels
- E-Invoicing in Italy
- Latvia Tax Agency Clarifies VAT on Online Purchases of Goods From Outside of EU
- Country VAT Guide: Latvia
- 5% reduced VAT rate to specific services was considered by Parliament
- Lithuania Tax Agency Posts Draft Rules, FAQs on DAC7 Reporting Requirements for Digital Platform Operators
- E-Invoicing Portal based on EU standard and PEPPOL
- Lithuania confirms various VAT rate cuts
- Changes in rules for including models of cash registers and trading machines in the list of cash registers
- VAT recovery based on actual use method
- VAT on construction costs not immediately deducted
- Supreme Court on VAT deduction in accordance with actual use
- Explanation of transitional law in the event of an increase in the VAT rate; purchase guarantee agreement
- Reimbursements from health insurer exempt from VAT
- European Commission Proposes to Authorise Netherlands to Exempt from VAT Taxable Persons Whose Annual Turnover Does Not Exceed EUR 25,000
- Proposal: European Commission to authorise Netherlands to exempt from VAT taxable persons – threshold of EUR 25,000 annual turnover
- Advocate General to Supreme Court: Explanation of transitional law in the event of an increase in the VAT rate; purchase guarantee agreement; the concept of…
- Supreme Court: VAT on construction costs not immediately deducted following ECJ C-194/21
- Court of Appeal in The Hague: B2C freight transport service to Morocco can only be taxed to a small extent in the Netherlands
- VAT Talks – Menno Griffioen & Lisette van der Hel
- VAT adjustment for private benefits to staff and relations
- Sex drive stimulants fall under the general VAT rate
- Court of Zeeland-West Brabant: VAT liability of members of the VAT group
- Court of Appeal of Amsterdam: Aphrodisiacs subject to standard VAT rate
- Court rules on VAT and services of M&A advisors/dealmakers
- Delivery of parcels in the capacity of entrepreneur by deploying resources similar to traders
- VAT on housing (foreign) employees not always deductible
- Supreme Court moderates tax interest
- Directorate of Taxes authorized to decide on VAT exemptions for supplies by foreign traders to military units from the United States
- Input VAT refund for official use for the European Agency for the Operational Management of Large…
- Detailed scope of data contained in tax returns and records in the field of tax on goods and services
- Draft Ordinance of the Minister of Finance amending the ordinance on exemptions from excise duty
- Warehousing services in a context of a permanent establishment in Poland
- Overstatement of the gross amount may be corrected by the taxpayer with a correcting invoice
- Organization of bus transport and VAT
- Remote dietician advice without VAT
- VAT invoices of the new design will be a revolution for companies
- Payments against future deliveries have tax implications
- McDonald’s is still winning disputes with the tax office over the VAT rate
- Split payment – challenges related to the implementation of tax solutions in financial and accounting systems
- Supreme Court: Currency exchange transactions performed by a company could be treated as ancillary activities
- Occasional currency exchange result will not affect deductible input VAT
- The VAT group must be registered
- VAT sanction – legislative changes
- Sasin: Higher VAT rates on electricity, fuels and fertilizers will return
- Over 2,800 fictitious VAT invoices for PLN 70 million. KAS and CBA broke up an organized criminal group
- Risk of ANAF taxation: Fixed headquarters and permanent headquarters, increasingly tracked in tax audits
- Romania raises 2023 Intrastat thresholds
- VAT nuances of importing EAEU goods not through the EAEU country
- Children’s goods are proposed to be taxed at a zero rate of VAT
- Russia Planning to Cut VAT Rate on Several Goods
- How Russian contractors calculate VAT during the transition period
- VAT exemption for non-residents on advertising services
- Russia cuts VAT to 5% on basics
- VAT in Slovenia – a comprehensive up to date guide
- The certificate in Slovenia called “blagajne.fu.gov.si” has been updated
- The stance “Simplified accounting – transfer instead of intra-Community sales?” shall no longer apply
- The position statement “Calculation of the turnover limit for tax exemption for artists who at the same time are not liable for tax for turnover of works of art,…
- The stance “Offer of group discounts on the deal company’s website, so-called deal concept” shall no…
- The stance “Development fee for trade union activities” shall no longer be applied
- The stance “Fishing Act, VAT” shall no longer be applied
- The stance “Periodic publication – at least four issues per year; VAT” shall no longer apply
- Switzerland Supreme Court Clarifies VAT Obligations for Rental, Accommodation Services
- FTA – ESTV SuisseTax services available on the ePortal
- Switzerland VAT Guide
- Changes to the Procedure for blocking PN
- Recommendations for filling out the VAT payer data table
- On November 23, the DPS will host a webinar on the table of data and risk of VAT payers
- What is a positive tax history of a VAT payer?
- HMRC Guidance: Buildings and construction (VAT Notice 708)
- HMRC v NHS Lothian Health Board: Input tax recovery – scope of evidence required
- Northumbria Healthcare NHS Foundation Trust: Whether person taxable – public authority required to charge VAT on car parking
- HMRC Guidance VAT guide (VAT Notice 700)
- Partnership recovers VAT on associated company’s lease
- VAT Status for the Four Welsh “City Deal” bodies clarified
- NAO reveals Digital Services Tax has raised £358 million
- UT: Mirza v Commissioners – Whether procedural irregularity in FTT hearing led to a witness not being called
- Minutes of the Trade Specialised Committee on VAT Administrative Cooperation and Recovery of Taxes: 6 October 2022
- Electronic sales suppression and HMRC
- Overview of VAT for property businesses
- UK abandons Online Sales Tax plan
- News UK VAT fight worth £100m+ to publishers reaches Supreme Court
- HMRC launches VAT repayment information portal
- UK 13th Directive : To be done before 31st December – Recover UK VAT
- Is an organisational activity Business or Non-Business?
- HMRC to transfer remaining businesses to MTD VAT
- FTT: ASHTONS LEGAL (A PARTNERSHIP): to whom was the supply of the leases made? – contractual leases or commercial and economic reality
- Vaping products – potential VAT claim
- HMRC consults on administration of VAT option to tax notifications
- VAT threshold to remain frozen until March 2026
MIDDLE EAST
- General Tax Authority president: No income tax, VAT under legislation
- No VAT Return for Businesses Attending the Fifa World Cup
- FTA Publishes New Amendments to the UAE VAT Executive Regulations
- How European VAT decisions could impact UAE businesses
- UAE VAT Public Clarification (VATP001) – Compensation Type Payments
- Federal Decree-Law No. 18 of 2022 – Issued 26 Sep 2022, effective from 1 Jan 2023
- VAT Amendment Service: Steps and Procedures
