Math
You may have seen these riddles that are posted on Twitter, LinkedIn, and other social media. Some of them mildly interesting, some weird or no fun at all, and sometimes they can be quite intriguing. There is one that continues to go around, and where no one has the right answer.
What is the correct answer: 8 ÷ 2 ( 2 + 2 ) = ?
There are two sides, and neither of them wants to give-in. The answer is either 1 or 16.
The basic math rules are learned at school, and in most case you have learned a so-called ‘mnemonic’ (an ass’ bridge, or donkey bridge, as it’s called in Dutch), helping you to understand how a math challenge should be solved. The problem in this case is that there seem to be different rules as to what comes first: division or multiplying?
We all know that the first step is to do everything that is between the brackets. That’s the easy part, as 2 + 2 = 4. The next step is either division or multiplication. Some will say that you have to start from left to right, so in this case, division comes first, and multiplication comes second. 8 divided by 2 is 4, and 4 times 4 is 16.
Traditionalists will stick to the order of their mnemonic, being PEMDAS or BODMAS. If you use the PEMDAS method, the order of the equation is Parenthesis, Exponents, Multiplication, Division, Addition, Subtraction. But if you were raised on the BODMAS method, then the order is Brackets, Orders, Division, Multiplication, Addition, Subtraction.
The PEMDAS people will thus first do the multiplication (2 x 4 = 8) and then division (8 / 8 = 1). However, some people say that in the PEMDAS method, division and multiplication are equal, and that you have to use them reading from left to right. Which means that we’re back to 16 again.
Using BODMAS initially seems to end up with 1: solve between brackets first (2 + 2 = 4), then solve this part first (thus 2 x (4) = 8), which leaves the division-part (8 / 8 = 1). However, also here, you can argue that by solving the brackets first, they are gone after that, and you follow the order division – multiplication, thus ending up with 16 again.
We are lucky that we are VAT people and not mathematicians. But isn’t it great to know that VAT is not the only science where multiple answers to the same question are possible? Even in a discipline such as math, where always an answer can be found, even if it’s with unlimited numbers behind the comma, uncertainty is possible. We would always celebrate that with a piece of pie. Or Pi.
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
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- Who Can Reclaim VAT in Aviation? A Guide to Maximizing VAT Potential in the Aerospace Industry
- Input VAT and Output VAT – What’s the Difference?
- September 2023 – VAT rate changes/updates/news
- Worldwide updates on E-Invoicing/Real Time Reporting/SAF-T in September 2023
- Which Countries have Introduced OECD’s SAF-T
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WEBINARS / EVENTS
- GVC Webinar – Recorded session – Keeping up with the digital economy – Strategies for VAT compliance in Africa
- Webinar – Vertex – E-invoicing mandates: France – ask the experts (Oct 12)
- RTC Webinar: Unlocking the Romanian e-Invoicing Landscape: Navigating Changes and Future…
- Webinar Taxback International – Foreign VAT compliance for your clients & a new revenue stream for your practice (Oct 11, 2023)
- Zampa Debattista – VAT & Gaming (October 12)
- Vertex Exchange 2023 – Orlando (October 22-25, 2023)
- Webinar – Recorded session – Seamless Transition to E‑invoicing ‑ Comprehensive Guide
- IBFD Training : Advanced Professional Certificate in International VAT/GST
AFRICA
- Angola Provides Fine and Interest Relief for Taxpayers that Voluntarily Settle Outstanding Tax Debts
- 5 Major Developments in Egypt
- Tax Authority Sets Immediate File Transfer to Prosecution for Non-Compliance with E-invoice System
- Nigeria Temporarily Waives VAT on Diesel
- VAT on Diesel Suspended in Nigeria: Public and Stakeholders React to 6-Month Suspension
- Nigerian Government Temporarily Exempts Diesel from VAT to Ease Transportation and Fuel Costs
- Nigerian Government Temporarily Removes VAT on Diesel to Address Subsidy Removal Impact
- The Nigerian Government Announces Six-Month VAT Exemption on Diesel
- VAT Increase May Be On The Cards For South Africans
- Developments in the VAT and Residential Property Realm: A Move Towards a Clearer Picture?
- Developments in VAT and Residential Property in South Africa: Part 1
- Developments in South Africa’s VAT and residential property realm: Towards a clearer picture?
- Discussion paper sets out plans for future modernization of value-added tax system
- The Impact of EU Carbon Border Adjustment Mechanism on South African Businesses
- Possible VAT Increase Looms as South Africans Face Economic Struggles
- VAT Treatment Of Private Funding Received By Welfare Organizations
- OPINION | Real-Time Tax Tracking? SARS Eyes New VAT Approach
- Budget 2024: Government Proposes to Implement Electronic Invoicing System for VAT Purposes
- Zambia Releases 2024 Budget
- ZRA investigates 250 firms for VAT fraud, secures 9 convictions
AMERICAS
- Trinidad and Tobago Considers VAT Exemption for Energy Sector to Improve VAT Returns
- Government Considers VAT Exemption for Energy Sector to Reduce Refund Bill
- Ohio: Draft Rule Reflects Law Permitting Bad Debt Deductions for Certain Private Label Credit…
- South Carolina DOR Addresses Expanded Meaning of Motor Vehicle for Exemption Purposes
- Mississippi Supreme Court Says Online Travel Companies are Not Subject to Tax on Gross Income of Hotels
- Florida Circuit Court Holds that Intercompany Sales of Electronically Delivered Software are Not Taxable
- Navigating Sales Tax Compliance: Beyond the Promises of Automated Software
- 6 Best Practices for Sales Tax Exemption Certificate Management: A Guide for Businesses
- Understanding Sales Tax on Services in Maine: Exceptions and Service Provider Tax
- Unlocking VAT Recovery: Maximizing Savings for US Businesses Expanding Overseas
- Ohio Sales Tax Updates: Exemptions for Baby Products Effective October 1, 2023
- Closing the US State Sales Tax Gap: Lessons from Overseas Digital Invoicing Systems
- Recent Changes and Updates in Sales Tax in the United States
- Skagway, Alaska Approves 2023 Local Sales Tax Holiday
- Michigan Department of Treasury Issues Bulletin on Taxation of Digital Goods
- US Sets Scope Of Cryptocurrency Reporting Framework
- Contrasting Sales Tax Treatment of SaaS and Software in Utah and Nevada
- The Social Impact of Sales Tax
ASIA-PACIFIC
- ATO Secures 174 Criminal Convictions in Ongoing Crackdown on GST Fraud
- Australia Federal Court Denies GST-Free Treatment for Frozen Vegetables and Grains
- ATO’s Advice on GST Issues: Sale of Rental Property and Supplies of Combination Food
- 5 Major Developments in Australia
- GST Council Exempts Pure and Composite Services provided to Central/State/UT Governments and Local Authorities on any Function Entrusted to…
- GST Council issues Clarification on various issues related to Place of Supply
- GST Council’s Goods and Services Tax Rate Recommendations: Comprehensive Overview
- GST Council issues Clarification on Export of Services
- GST Council: Supply of Goods and Services by Indian Railways Taxable under Forward Charge Mechanism
- Haryana among Top Five States in GST Collection
- States are likely to raise the issue of taxation on online gaming, casinos and race course at the…
- Council may clarify electricity supply to tenants by malls exempt from GST
- GSTN; Introduction of Compliance Pertaining to DRC-01C (Difference in Input Tax Credit (ITC) available in GSTR-2B & ITC claimed in GSTR-3B)
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- GST Council likely to consider ‘Zero Tax’ on Millet Mix in Meeting
- Kerala High Court Upholds Sales Tax Department’s Right to Withhold Liquor Sales Over 1.86 Crore Tax Arrears under KGST Act: Dismisses Writ Petition
- 52nd GST Council Meeting: Council Likely to Review Progress in Implementation of States’ SGST…
- GSTN Advisory: E-Invoice JSON download Functionality is Live on GST e-Invoice Portal
- GSTN Introduces Live E-Invoice JSON Download Functionality on GST Portal
- All India Gaming Federation Writes to Finance Ministry to Suspend GST Notification on…
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- Weekly GST Communique dated October 2, 2023
- The Impact of GST Levy on Online Gaming in India: A Controversial Decision
- GST to be Charged on OIDAR Services by Foreign Firms to Individuals & Govt from October 2023
- Supreme Court and High Court Weekly Round-Up
- GST Revenue Growth Slowed to 10.2% in September
- India’s September Goods and Services Tax Receipts Rise 10% y/y
- Japan Discusses VAT Treatment of Digital Platforms
- Japan ‘Deemed Reseller’ for Digital Platforms April 2024
- Japan Introduces Qualified Invoice Regime with Optional E-Invoicing Standard – JP PINT
- The Mechanism of Support of the Taxpayer throughout the Life Cycle of its Activities is Planned to be Introduced by the SRC
- Start of Accepting Applications for the Distribution of Tariff Quotas for the Import of Cattle Meat for Processors
- Malaysia Issues Updated E-Invoicing Guidelines: Version 2.0 Replaces Version 1.0
- Malaysia’s Mandatory CTC E-Invoicing: Updates and Guidelines for June 2024 Launch
- Malaysia Adds To E-Invoicing Regime Guidance
- Malaysia could halve fiscal deficit with implementation of GST, says MARC
- Malaysia’s New Guideline (Version 2.0)
- Malaysia Issues New Guidelines for E-Invoicing Requirements
- Updated and New Documentation are Published
- The Importance of GST in Restoring Malaysia’s Fiscal Health
- Inland Revenue Board Updates E-Invoice Guidelines
- Sindh issues rules for collecting sales tax on IT and advertisement services remitted abroad
- Punjab modifies Sales Tax on Services Act 2012, changing descriptions, rates and more
- Tax Relief Available for Losses Caused by Typhoon in Taiwan
- Taiwan’s Cloud Invoice Prize Exceeds NT$2.633 Billion: Winners, Carriers, and Redemption Process
- Over 26.33 Billion NTD in Prizes Awarded for Cloud and Electronic Invoices in Taiwan
- Uzbekistan Gazette Amends VAT-Exempt Technological Equipment List to Ensure Industrial Supply Continuity
- Uzbekistan Provides Customs Duty and VAT Exemption on the Import of Certain New Technological Equipment not Produced in Uzbekistan
- Vietnam’s Efforts to Improve VAT Refund Process and Boost Business Development
- Vietnam Considers Extending 2% Value-Added Tax Cut to Mid-2024
- Vietnam’s Efforts to Improve VAT Refund Process and Boost Business Development
- Amendment of VAT refund regulations for investment projects to promote economic development
- Voters propose tax exemption for electricity and household water consumption
- VAT Refund helps Wood Enterprises have Capital Flows for Production and Business Activities
EUROPE
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- Cigarette Taxes in Europe
- Tour Operators Margin Scheme: How it Works?
- VAT cuts as Europe Food Inflation Eases to 11.6% September 2023
- 5 Major Developments in Europe
- EU Court Tells Belgium To Repay VAT To Osteopathic Patients
- Belgian osteopaths exempted from VAT retroactively, according to Court of Justice
- Belgian osteopaths exempted from VAT retroactively, according to Court of Justice
- ECJ C-146/22 (Dyrektor Krajowej Informacji Skarbowej) – Judgment – Different VAT rates for goods are sold at retail or prepared and supplied hot for immediate…
- ECJ C-355/22 (Osteopathie Van Hauwermeiren) – Judgment – A national court cannot use a…
- ECJ C-505/22 (Deco Proteste – Editores, Lda) – Judgment – A gift for a subscription is not a free transfer of goods and is ”incidental service” to the main supply
- Comments on ECJ C-146/22: The same drink may be taxed at different VAT rates
- Flashback on ECJ Cases C-174/07 (Commission vs. Italy) – Italy failed to fulfill its obligations by extending the amnesty provisions to the year 2002
- Comments on ECJ C-505/22: Tablets or smartphones transferred to new subscribers is not a transfer of goods for free
- Comments on ECJ C-146/22: Different for VAT rates for same product allowed by the Directive
- com – Your FREE source of information on ECJ VAT Cases
- Agenda of the ECJ VAT cases – 4 Judgments, 1 AG Opinion, 2 Hearings announced till October 26, 2023
- Comments on ECJ C-461/21: ECJ on proof of VAT exemption for transport services
- VAT treatment of Electric Vehicle Charging: A Deep Dive into EU VAT Case C-60/23
- Comments on ECJ C-341/22: Italy wrongly imposes a turnover requirement for VAT tax liability
- CBAM Transition Phase: Reporting Obligations and Import Requirements from October 2023
- Guidelines and Working Paper on Fuel Card Transactions in the European Union
- EU Launches Carbon Border Adjustment Mechanism
- IBFD – EU VAT Compass 2023/2024 – A ”must have” for VAT professionals
- Comparing VAT Rates on Heat Pumps in European Union: A New Report
- EU Small Business VAT Reform: Impact on Nonresidents and Large Businesses
- Retained EU Law Act – Welcome Reprieve for Stamp Duty but Uncertainty for VAT
- Customs Flash: New obligations for importers due to CBAM
- Business braced for red tape from EU carbon border tax
- Carbon Border Adjustment Mechanism (CBAM) – Introduction (10 min)
- Investigation Huracán: VAT fraud involving 10 000 cars uncovered
- Baker & McKenzie – Transfer of Business in Europe: VAT Considerations and Interpretations in Different Member States
- VAT in Digital Age (ViDA) Digital reporting requirements (II)
- VAT in the Digital Age (ViDA) Introduction (I)
- Belgium Mandates B2B E-Invoicing
- A New Mandatory Deadline for B2B E-Invoicing has been Proposed as 1 January 2026
- Commercial certificates ”Isabel” and ”Globalsign” no longer provide access to the E-Services of…
- Belgium’s new proposal for mandatory electronic invoicing from 1 October 2026
- Draft: VAT deduction according to the general ratio or taking into account the actual use of the goods and services
- A Guide to VAT Rate Belgium and Compliance Requirements
- Proposed Amendments to VAT Regulations in Belgium: Implications for Businesses
- Belgium proposes joint VAT liability for marketplaces and platforms in new draft law
- Mandatory B2B e-invoicing in Belgium starting from 1 January 2026
- Is ‘influencing’ a VAT activity?
- Changes to the Intrastat filing process as of Jan 1, 2024
- 5 Major Developments in Belgium
- Belgium Plans to Implement B2B E-Invoicing Legislation by January 2026
- Belgium Implements Mandatory B2B E-Invoicing from January 2026
- Compulsory E-invoicing Between Companies in Belgium Starting from 2026
- Belgium Finance Minister Proposes Mandatory E-Invoicing for B2B Transactions by 2026
- VAT (and Company) numbers now also start with the number 1
- Belgium Postpones Mandatory E-Invoicing for Public Procurement Contracts
- Is Retroactive Notification for VAT Deduction Still an Option in Belgium?
- Belgium Approves Preliminary Draft Law for Mandatory B2B E-Invoicing by 2026
- Is Retroactive Registration for VAT Deduction Still an Option in Belgium?
- Bulgaria to Implement SAF-T for Electronic Tax Data Exchange with VAT Authorities
- Bulgaria to Implement SAF-T for Tax Reporting by 2025
- Amendments to Croatia’s Tax Laws: Adjusting VAT Liability for Uncollected Receivables
- Analysis of Fiscalization System Data in Croatia: Invoices and Amounts for Specific Activities…
- 5 Major Developments in Croatia
- Cyprus extends deadline for VAT returns due to computer system upgrade.
- Cyprus VAT Submission Deadline Extended Due to Technical Issues
- Temporary Zero Rate on Basic Items Extended until April 30, 2024
- 5 Major Developments in Cyprus
- Czech Republic Government Consolidation Package: VAT Amendments and Restrictions on Car Deductions
- 5 Major Developments in Czech Republic
- VAT exemption for municipality’s sale of building plot – Landsskatteretten ruling
- Extraordinary reopening of VAT response in dissolved partnership
- 5 Major Developments in Denmark
- 5 Major Developments in Estonia
- Estonian Tax and Customs Board Implements Modern and Efficient Customs Clearance Systems
- Update of VAT Exemption List for Airlines Meeting Conditions of Article 262 of CGI
- Finance bill for 2024: VAT measures
- Finance Bill for 2024 Transposes New Rules on VAT Scheme for Small Businesses
- Germany – Introduction of E-Invoicing Mandate for B2B
- Germany’s Federal Fiscal Court clarifies business expense deductions for guesthouses
- Extension of Non-Objection Regulation for VAT Rate on Deliveries of Wood Chips
- Germany’s Federal Fiscal Court clarifies business expense deductions for guesthouses
- Extension of Non-Objection Rule for VAT Rate on Wood Chip Deliveries in Germany
- Special VAT Regulation for Agriculture Only Applies to Domestic Operators: BFH Decision
- Deadline Extension for AES 3.0 and Shipping ATLAS 9.1 in Germany
- BFH: No input tax deduction for civilian clothing
- Exemption from VAT for Care and Support Services in Germany
- Germany: Reduced VAT in the hospitality industry and no end in sight
- Publication of Law 5057/2023 in the Government Gazette: “Regulations for the COVID-19 pandemic…
- Budget 2024: Accommodation tax at a rate of 13% on short-term property rentals for both legal and…
- Proposed Law with Changes to VAT Rates and COVID-19 Regulations in Greece
- Greece’s Digitalization Strategy Aims to Boost VAT Revenue by €2 Billion
- What changes in Greece on Jan 1, 2024?
- Containing VAT Evasion can Boost Revenues by €2 bln
- Reduction of VAT to 13% for products mainly or exclusively used for agriculture, livestock farming, or forestry
- Reducing VAT Gap in Greece Could Generate Additional 2 Billion Euros Annually
- Greece to Cut VAT Gap with MyDATA E-Invoicing, Pre-Filled VAT Returns
- Decisions on reduced VAT rates in the final Budget plan for Greece
- Greece Delays Implementation of Revised VAT Exemption Procedure for Free Zones
- New Obligations for Importers: CBAM Implementation and Reporting Requirements
- Excise Duty on Vapes likely to be Rolled out by Government, but Implementation will take Time
- Irish Revenue Creates New Tax and Duty Manual on Presence and Participation of Foreign Tax Officials in Administrative Queries
- The refund of VAT for works on third-party assets in Italy
- Italy’s Unique Fiscal Rule: Non-Collected Consideration Payment Type for Services
- The refund of VAT for works on third-party assets in Italy
- Late receipt of invoices puts VAT deduction at risk in Italy
- New Italian Tax Reform Allows Choice of VAT Deduction Period for Year-End Invoices
- Assessing the Relevance of Activities for VAT Purposes in Italy’s Permanent Establishments
- No Superbonus VAT discount for public entity with pro rata: split payment required
- Reclaimable VAT on requalified assets in business acquisition: rights and conditions
- Possible Premium Measure for Negotiated Composition of Unregistered VAT Debt with Variable Installments
- Italy Extends VAT Relief For Gas Supplies
- Italy Extends Gas VAT Cut to 5% until 31 Dec 2023
- Italy Extends Super-Reduced VAT Rate on Natural Gas Supplies Through December 2023
- No Superbonus VAT discount for public entity with pro rata, split payment required
- Non-residents entitled to VAT refund in Italy even without supplier’s VAT position
- Kosovo Tax Administration Updates Reimbursement Procedures for VAT…
- Kosovo Updates Procedures for VAT and Income Tax Refunds
- Budget 2024: Increase VAT registration threshold from EUR 40,000 to EUR 50,000, ….
- Latvia plans to increase VAT registration threshold to €50,000 in 2024
- Draft 2024 budget: Increase VAT registration threshold from EUR 40,000 to EUR 50,000
- North Macedonia does not repeal 5% preferential VAT rate for pellets, pellet stoves, and pellet kettles
- Amendments to North Macedonia’s VAT Law: Changes to Rates and Introduction of Tax Agent Concept
- Malta introduces a “parking-rate” of 12% VAT on certain services
- Malta: CFR Updates Guidelines on Reporting Obligations of DAC7 for Digital Platform Operators
- EPPO Conducts Further Searches in VAT Fraud Probe Involving Car Sales in the Netherlands
- Netherlands: Supreme Court Questions EU Proportionality Principle in Sanction for Failure to Report Payment Difficulties
- Possible Relaxation of Directors’ Liability for VAT Debts in the Netherlands
- EPPO Conducts Further Searches in VAT Fraud Probe Involving Car Sales in the Netherlands
- Possible Relaxation of Directors’ Liability for VAT Debts in the Netherlands
- Reduced VAT rate on alcoholic interval drinks in theater
- EU rules on excise duties on e-cigarettes only in 2025
- A Comprehensive Guide to VAT in the Netherlands for Foreign Companies
- Application of Reduced Tax Rate on Alcoholic Drinks Provided during Theater Performances
- VAT deduction not applicable for new low-care hospice construction
- Alcoholic drinks during theater breaks eligible for reduced VAT rate
- Additional financial transactions as an exception to the pro rata calculation
- Ignoring or not ignoring vacancy for VAT?
- Correcting an incorrect VAT refund decision does not lead to full reimbursement of legal costs
- Dutch Court Rules on Different VAT Rates for Medicines and Medical Devices
- Exploration of Transfer Tax Exemptions
- Explanation of Concurrency Exemption and Real Estate Share Transactions
- The tax authorities update information about the Tax Control Framework
- Corrections are corrected by the lawyer due to incorrect administration
- Is Selling Paid Online Blog Content Exempt from VAT?
- VAT taxation in a blockchain
- Evidentiary procedure must be conducted in order to examine the taxpayer’s deliberate participation in tax evasion
- Pagero Webinar: E-invoicing in Poland: developments, impacts and what you need to know (Oct 12)
- Binding Information on VAT Rate for Water Supply Connection Construction Service
- Binding Information on VAT Rate for Electronic Publication
- Binding Information on VAT Rate for Spray for Dogs and Cats
- No Right to Deduct VAT from Expenses for Playground Construction Project
- Exemption from VAT for care services
- VAT on the sale of real estate by an individual – individual interpretation
- No Right to Deduct VAT on Project Expenses by Volunteer Fire Brigade
- VAT Settlement by Municipality in Relation to Water and Sewage Management – Correct Interpretation
- Binding Information on VAT Rate for Ear Cleaning Liquid for Dogs and Cats
- Binding Information on VAT Rate for salad made of cooked black lentils, cooked bulgur wheat, marinated carrots, and hummus – 0% VAT
- Different VAT rates for products with the same main ingredient
- VAT tax consequences of free transfer of expenditure for the construction of stops
- Binding Information on VAT Rate for Snail Eggs – 0% VAT
- Binding Information on VAT Rate for WIS TOWAR – Angle bar – CN 39
- Additional fee for waste without VAT? Confirmation from the Director of the National Tax…
- Lack of Right to Reduce VAT by Municipality for Street Lighting Construction
- KSeF – the first step. This will be useful to you
- Small Taxpayer 2024. Limit to VAT, PIT, CIT
- Deposit of the prosumer does not affect the due or charged VAT in Poland
- CBAM mechanism: competent national authorities, import formalities, CBAM Transitional Register
- Tax limits in 2024 will be lower
- Companies may have problems with verifying purchase invoices in KSeF
- Binding Information on VAT Rate for WIS TOWAR – Plant Protection Conditioner – CN 34
- Binding Tax Information on VAT Rate for WIS TOWAR – Meat Product Injection – CN 2106
- Contractor Verification for VAT Purposes: How to Check and Confirm Contractors’ Status
- Binding Information on VAT Rate for Liquid Sauces in Sachets – CN 2103, 8% VAT
- Binding Rate Information for Construction of Sewage Connection
- Correct and Incorrect VAT Consequences of Plot Sales: Individual Interpretation
- Stages of implementation of KSeF. Use our instructions!
- Podiatrist Services without VAT Exemption, Dietician with Exemption – but not always
- Implementing KSeF without a Tax Advisor will be Difficult
- Lack of Payment of VAT must be Punished, during the Epidemic the Limitation Period did not Expire
- Fixed establishment (FE) and KSeF
- VAT exemption does not depend on the number of intermediaries
- Access to a structured invoice – all you need is a QR code
- KSeF will complicate cooperation with a foreign contractor
- Ignoring KSeF is both a penalty for the seller and a problem with deducting input tax
- No Right to Deduct VAT on Expenditures for Pond Development Project – Correct Interpretation
- Incorrect Position of VAT on Additional Fee for Non-Compliant Use of Parking – Individual Interpretation
- Lack of VAT Deduction for Street Lighting Modernization Project – Correct Individual Interpretation
- Incorrect Individual Interpretation – VAT on the export of excavator
- VAT on Commercial Property Rental for Residential Purposes – Individual Interpretation
- VAT on the sale of real estate by an individual – individual interpretation
- VAT Exemption for Intermediaries in Poland: Number of Intermediaries Does Not Matter
- Binding Rate Information (WIS) for Mascarpone with 0% VAT
- KSeF will help but not replace taxpayers in archiving invoices in Poland
- Binding Information on the Tax Rate for Plant-Based Coconut Beverage – 0% Tax Rate
- VAT Deduction Rights Denied for Road Reconstruction Project: Individual Interpretation
- VAT on Room Rental: Individual Interpretation – Correct Position
- Free transfer of investments. Without VAT due, but with the right to deduct input tax
- Binding Rate Information (WIS) – 0% VAT Rate for “PolandPismo” on September 21, 2023
- Free transfer of investments. Without VAT due, but with the right to deduct input tax
- Incorrect Individual Interpretation – VAT Settlement by Municipality in Connection with…
- Scientific Grant as VAT-exempt: Individual Interpretation after Court Ruling – Correct and Incorrect Stance
- VAT on Scientific Grants: Individual Interpretation after Court Ruling – Correct and Incorrect Positions
- No Right to Deduct VAT from Expenditures for Municipal Cultural Project
- Price Calculation Error vs. Incorrect VAT Rate
- When the seller does not issue a receipt to the buyer
- Extension of Reduced VAT Rates for Essential Food Products in Portugal
- What changes in Portugal on Jan 1, 2024?
- Monthly SAF-T Billing due by the 5th day of the month as of 2024
- Romania – steps towards country-wide B2B e-invoicing
- Guide to Reclaiming VAT Paid in Other EU Countries: Online Resource Released by Romania
- Guide on VAT Refunds for EU Countries Published by Romania Tax Agency
- Romania Introduces Mandatory Real Time Reporting and E-Invoicing from 2024
- New Steps and Timeline Announced for Romania’s E-Invoicing Mandate
- Generalized electronic invoicing, one step closer to implementation. When does the paper invoice disappear?
- New Steps and Timeline for Romania’s E-Invoicing Mandate Announced
- Russian Manufacturers of Medical Devices will be able to Return VAT on Purchased Materials and…
- Amendments to the List of Non-Taxable VAT Operations in Russia
- Russia Introduces Temporary Export Duty Based on Ruble Exchange Rate for Non-Essential Exports
- Expansion of VAT-exempt operations starting from October 1, 2023
- When is the installation of a fence taxed at a lower VAT rate?
- Taxation of Solar Power Plants: Lower VAT Rate for Supply and Installation
- Doctrine and Criteria of Economic-Administrative Courts in Spain: Solidarity Liability in VAT Groups
- Errors or delays in the SII do not prevent recovery of input VAT, according to court ruling.
- E-Invoice Regulation in Spain: Will the Tax Administration Perform certain Certifications for Private Platforms?
- Revision of Value Added Tax Law in Switzerland: Digitalization, Simplification, Reductions, and Fraud Prevention
- Recent Federal Court Decisions Create Potential Input VAT Deductions in Swiss Public Administrations
- New VAT Deduction Opportunities for Public Bodies in Switzerland: Court Decisions Clarify Subsidy Definition
- Inclusion of VAT amount in determining the taxable object for corporate income tax in Ukraine
- Nuances of VAT taxation of import/supply of medicines and medical devices in Ukraine
- Export of goods under commission agreement: what about VAT?
- Calculation of the volume of goods/services supplied within commission agreements for VAT registration
- Conditions for Tax Credit on Purchases in Ukraine: Reporting Period and Registration Requirements
- Actions of the buyer – VAT payer in case of refusal of the supplier to issue and register the VAT invoice
- Deadline for DPS to enter information about VAT payer registration into the register
- Tax obligations for services purchased with VAT before the start of the simplified tax system.
- HMRC Guidance: Insolvency (VAT Notice 700/56)
- HMRC Guidance: Report payments and view your allowance for non-customs state aid and Customs Duty waiver claims
- HMRC Sells £7.5m Worth of Homes Seized from VAT Fraudsters
- Fees paid to a SIPP Administrator do not fall within the VAT Exemption for Supplies of Insurance
- VAT in the Digital Age: How can UK Businesses Prepare for 2024?
- HMRC to Remove Paper Form for VAT Registration
- HMRC Guidance: Register for VAT by post
- HMRC to appeal Sonder Europe case on TOMS application for serviced flats supplies
- Difficulties with DIY Housebuilders’ Claim: The Spani Case and the HMRC’s Strict Application of Rules
- Updated VAT Guidance for Medical Professionals in the United Kingdom
- VAT Treatment of SIPP Administrator Fees: A Case Study in the UK
- HMRC Appeals Hotel De La Tour Case to Prevent VAT Recovery on Related Costs
- UK FUNERALS ON-LINE LIMITED v Revenue & Customs: VAT Exemption for Repatriation Services
- Intelligent Money Ltd: VAT Exemption for SIPPs – UT Decision
- Judicial Review Grants Royal Surrey NHS Foundation Trust VAT Concession for Linac Purchase
- New Tourism Alliance Report Spotlights High Tax Rate on Tourists in UK
MIDDLE EAST
- GCC Financial Committee Meeting looks into Tax Exemption on Industrial Products
- KPMG Fakhro GCC Tax News – 04 October 2023
- Free Trade Agreement with Gulf Cooperation Council
- ZATCA Seeks Public Input on Bonded Zones Rules in Saudi Arabia
- Zakat, Tax and Customs Authority Seeks Public Consultation on Draft Rules for Customs…