Minions
Do you know Kevin, Bob and Stuart? They are the three most famous Minions, a species of tiny yellow henchmen, who look like unusually dressed candies. They communicate using a gibberish language that’s understandable to them and a few people who have longstanding relationships with them.
What happens in the brain when you learn a language? Click HERE
Language is a structured system of communication that consists of grammar and vocabulary. It is the primary means by which humans convey meaning, both in spoken and written forms, and may also be conveyed through sign languages. It is estimated that there are between 5.000 and 7.000 human languages in the world, including many dialects.
Some children create their own language, that only they understand. And some twins may communicate with each other in a language that no one comprehends. And yet, there are some basics rules that every language follows, although some of these rules may slightly differ due to cultural and social circumstances.
Kevin, Stuart, Bob, and the rest of the Minions speak “Minionese,’ a language that was specifically created for them. Minionese is made up of words from multiple languages, expressed not only vocally, but through the Minions’ physical comedy. What that means is that you understand what they are saying, not so much as through the words they’re saying, but just by looking at them. It’s like watching a silent movie with Charlie Chaplin, who could express feelings, emotions and ‘words,’ without you actually hearing the sounds.
With Kevin, Bob and Stuart, you do hear them talking. But although the words themselves may be gibberish, their speech is understandable via the melody of the words, in combination with their expressions. It’s almost like listening to music in a foreign language: you may not understand the words, but you get the emotion from the sound.
It’s the same with VAT. To some people it may sound like the chirping of birds, or the growling of a death metal singer. But everyone gets the melody. It’s up to us to add the physical performance. But of course for you, the visitors of VATupdate.com, that’s not necessary: you already speak 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.
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WORLD
- Taxing the Digital Economy: The Anachronism of Street Address
- ZD Academy: VAT Transactions in the Yachting Industry: A Practical Approach (August 30, 2023)
- What is a Tax Invoice?
- Artificial intelligence: transforming the world of indirect tax
- Updated e-Book: E-Invoicing Policies Around the World
- News from our Advertisers: New website Fonoa
- Global VAT & GST on digital services to consumers
- VAT vs. Sales Tax: Surprising Similarities You Need to Know
- E-invoicing and tax compliance in an increasingly complex, ever-changing world
- Live VAT / GST Digital Reporting & E-Invoicing Global Tracker
- Managing tax compliance through API
- Did you already join our LinkedIn Groups on …
- ZD Academy: Understanding the Complexities of VAT in the Financial Services Sector (May 5)
WEBINARS / EVENTS
- Webinar Recorded version – Electronic invoicing in Vietnam
- SNI Webinar: How Will the E-Invoice Implementation Shape the Agenda of Businesses in Poland? (May 4)
- Webinar: Mandatory B2B e-Invoicing in Poland (May 9)
- Webinar – Recorded version: E-invoicing: The adoption of Peppol in Australia and New Zealand
- Webinar – Fonoa Tax Essentials: DAC7 – Key Insights Learned So Far (May 3)
- Webinar – Fonoa Tax Essentials: DAC7 – Key Insights Learned So Far
- Sovos webinar: VAT Snapshot: What does the future hold for e-invoicing in Spain, France, KSA and Germany? (April 27)
- SNI Podcast Poland e-Invoicing
AFRICA
- Machinery, raw materials imported for Jua Kali industry to be exempted from VAT – bill
- Kenya Notifies Taxpayers of Taxpayer Register Data Clean Up
- Kenya Issues New Regulations for VAT on Digital Supplies
- Extended VAT Filing Deadline Following Updates to Features for VAT Filing and Payment on Online…
- Guidelines on Process of Generating Electronic Tax Clearance Certificate (Lagos State)
- Updated Features for VAT Filing and Payment on Online Platform
AMERICAS
- NF3-e Mandatory Implementation Postponed in São Paulo
- ICMS on certain transfers of goods unconstitutional as from 2024
- Brazil – Nota Fiscal Electronica Deadline Update
- Grand Junction, Colorado Approves Sales & Use Tax Increase Effective July 1, 2023
- Michigan Taxes Rentals of Heavy Equipment
- Michigan: Guidance Provided on Taxability of Delivery and Installation Charges
- California And Washington: Sales Tax – SaaS Software and More
- Selling Into the U.S. – Understanding How Customer Location Impacts Which Sales Tax Rates and Rules…
- Mississippi clarifies sales and use taxation of computer software and related services
- New Mexico: Out-of-State Recruiting and Staffing Company Deemed Subject to Gross Receipts…
- Michigan: New Law Excludes Certain Delivery and Installation Charges from Taxable Price
- Arizona Tax Court Holds Online Retailer Lacked Nexus During Pre-Wayfair Periods at Issue
- Does Tennessee Charge Sales Tax on Services?
- Sales and use tax manufacturing exemption (Missouri)
ASIA-PACIFIC
- Fiji’s Reduced VAT ‘a Failed Gamble’ – a Vision now Needed, says Naidu
- Finance minister says they have not made any decision on increasing VAT
- India B2B E-Invoicing Updates
- FinMin Considering Levying Differential GST Rate on Online Games
- Whether GST is applicable under RCM on residential premises used as ‘guest-house’ for company employees
- ITC cannot be availed on tax paid on vouchers, held neither goods nor services
- GST: New facility to verify document Reference Number (RFN)
- 10 NEW Functionality introduced by GSTN on GST Portal
- No Time Limit to Amend Bill of Entry – Supreme Court Affirms High Court
- Recipient of service entitled to seek advance ruling under GST, says Calcutta High Court
- Taxmen issuing notices to insurers for availing input tax credit on fake invoices, evading GST
- Now, central push for reducing VAT on natural gas for fertilisers
- GST collections expected to break all records in April 2023
- GST evasion: Taxmen using data analytics to identify ‘missing link’ in supply chain
- Indirect Tax Weekly Digest – 25 April 2023
- Cancellation of GST registration without ascribing any reason is invalid
- Weekly GST Communique dated April 24, 2023
- GSTN Advisory on Bank Account Validation
- Wooden ice-cream sticks, spoons to attract 12% GST, says Karnataka AAR
- GST evasion: Taxmen using data analytics to identify ‘missing link’ in supply chain
- GSTN issued advisory on Bank Account Validation
- VAT on Road Tax, Insurance Premium, Octroi Duty and Other Charges Collected by Vehicle Dealers: Bombay HC Directs Enquiry
- New VAT facility introduced for battery-based electric vehicles
- Further guidance issued on VAT treatment of supply of foreclosed collateral
- VAT on the delivery of foreclosed assets by a creditor to a buyer
- BIR Clarifies List of Purchases, Services Subject to VAT
- VAT Zero-Rating Resolution out Before End of April
- Philippines to Introduce Creditable Withholding Tax on Payments Made by Online Platforms to…
- Assembly Considers Bill to Partially Amend VAT Act regarding Rates
- Customs Penalty Upheld even though Taxpayer Voluntarily Amended Customs Value (Tax Tribunal decision)
- What specific evidence should you provide when reporting online sellers’ tax evasion?
- Receipts or ticket stubs obtained by employees for taking transportation due to business trips can…
- Regulations on business tax assessment for sales of food materials by business operators for contracted schools to cook as school meals
- “National Tax Helper” intelligent customer service 24 hours online tax consultation
- VAT exemption – Data Center Businesses
- Guidance on VAT Exemption Granted to Promote Data Center Businesses
- Prime Minister Urged to Expedite 2% VAT Reduction Plan
- VAT Reduction in Vietnam from 10 to 8 Percent Expected After Government Approval
- Vietnam Readies Another Sales Tax Cut to Prop up Flagging Economy
- Government Agrees with Proposal on 2% VAT Reduction
EUROPE
- International VAT Rate Round Up: April 2023
- Eur-Lex: Visit the page on the Protocol on Ireland/Northern Ireland
- European Commission Closes Infringement Procedure Against Cyprus Regarding ‘Buy and Donate’ VAT…
- ECJ C-677/21 (Fluvius Antwerpen) – Judgment – Unlawful use of energy is a supply of goods
- ECJ C-122/23 (Legafact EOOD) – Questions – Identification for VAT purposes and penalties in case of late registration
- Comments on ECJ C-282/22: VAT on provision of equipment for charging electric vehicles
- Comments on ECJ C-677/21: Illegal Abstraction of Fuel or Energy Should be Subject to VAT
- Comments on ECJ C-677/21: The power to dispose of goods as owner is necessary for any supply of goods. This power is objective and based on factual control, rather than legal rights
- Agenda of the ECJ VAT cases – 5 Judgments, 1 AG Opinion, 1 Pleading, 1 Hearing till end of May 2023
- Comments on ECJ C-282/22: Charging EVs ruled to be goods not services, impact on ”Tax point”
- New ECJ VAT case: C-241/23 – Dyrektor Izby Administracji Skarbowej w Warszawie vs. PL
- Comments on ECJ C-282/22: VAT treatment of the charging of electric vehicles (e-charging)
- Comments on ECJ C-282/22: Technical support and IT services for recharging electric vehicles incidental to…
- Comments on ECJ C-282/22: Providing the possibility to charge electric vehicles constitutes a delivery…
- Question sent to ECJ – VAT treatment of heat supplied from a biogas facility
- Flashback on ECJ Cases C-43/04 (Stadt Sundern) – The concept of “agricultural service” includes any service…
- European Commission Closes Infringement Proceedings Regarding Lithuania’s VAT Threshold Avoidance Rule
- ECJ C-69/23 (Streaming Services Srl) – Questions – Place of taxation of interactive sessions…
- Should unlawful consumption of gas or electricity be subject to VAT? Comments to C-677/21
- EU Member States to Implement New Reporting Regulations on Payment Service Providers’ from 2024
- VAT Committee Working Paper on Deduction of Import VAT by Lessee of Imported Goods
- Website European Commission Carbon Border Adjustment Mechanism
- European Parliament adopts rules for carbon border adjustment mechanism (CBAM)
- Council of the European Union Adopts New Carbon Border Adjustment Mechanism as Part of Fit for 55 Package
- TOMS VAT Calculation examples
- Reopening of the discussion on the possibility for a lessee of imported goods to deduct import VAT
- VAT Rates in the EU
- Carbon Border Adjustment Mechanism (CBAM) – Time to act for EU importers!
- At your service: broadening a digital platform’s scope for VAT/GST liability
- Green light for the implementation of the “Fit for 55” Package
- ‘Fit for 55’: Council of the European Union adopts key pieces of legislation delivering on 2030 climate targets
- CESOP: what it means for EU payment service providers
- DAC7: New EU regulation sets standards for non-EU country tax cooperation on the…
- CESOP: new VAT reporting obligations for payment service providers published in the Belgian Official…
- What Is the ‘VAT in the Digital Age’ (ViDA) Proposal and How Will It Impact Buyers?
- European Commission Proposes 2024 Quick Fixes to the Existing E-Commerce VAT Regime
- VAT in the Digital Age (ViDA) Updates – Comments from Denmark, Finland, Netherlands, Sweden,
- No tax liability in the case of VAT incorrectly shown on invoice to end-user
- Input VAT refund from third countries for 2022 – apply before 30 June!
- Guidance: Do you want to use the exemption scheme for small businesses?
- VAT reduction for electricity, natural gas and heat
- Belgian finance minister announces structured e-invoicing and expresses support for EU ViDA proposal
- Extended limitation period – notification of indications of fraud
- Key facts about Belgium’s proposed e-invoicing and e-reporting obligations
- VAT Reminder for Foreign Providers Selling Digital Services
- Bosnia and Herzegovina Taxes B2C Digital Services for Non-Resident Traders with VAT
- Cyprus to Cut VAT to Zero on Essentials
- Zero VAT on essential items
- Tax Department extends Stage 1 VAT filing and payment deadline
- New Tax Administration Portal
- Extension of Deadline for VAT Returns
- Guide: VAT on EU trade
- Ruling: Compensation – protection areas close to drilling – property profit taxation and VAT
- Danish Parliament Considering New Reporting Obligations for Payment Service Providers and Other Measures to Combat VAT Fraud
- VAT – deduction – branch of a company in another EU country
- Case: Increase in VAT liability – Unapproved deduction for purchase VAT – Operation of stud farms and breeding of racehorses
- Compensation for VAT to charitable associations
- No fixed establishment in Denmark for a gas storage, as the company is of a preparatory or auxiliary nature
- Denmark Tax Agency: Calculation payroll tax incl. VAT Danish branch of a Swedish bank
- New Estonian Coalition Government Proposes a 2% Standard VAT Rate Rise
- Consideration to reduce VAT rates on food and beverages
- Estonia Food and Hospitality Service VAT Cut Proposal
- New Supreme Administrative Court Ruling on the VAT Deduction Right of Stock Market Listing…
- Tax Agency releases updated guide for VAT liability relief for small businesses
- Supreme Court: Right to deduct — Distribution of the right to deduct — Listing costs — Issue of shares — Sale of old shares
- France B2B E-Invoicing & B2C E-Reporting July 2024 – Pilot Details
- English version of external specifications for e-invoicing mandate published
- E-Invoicing – Release of version 2.2. of the external specifications in English
- Electronic invoice: why choose a partner dematerialization platform (PDP)?
- All you need know about Partner Dematerialization Platform (PDP)
- Reform of the EORI number: a single number per SIREN and no longer per SIRET
- Pilot phase for e-invoicing
- Guidance: Exemption for non-profit organizations for ancillary activities
- How to participate in the E-Invoicing/E-Reporting pilot phase?
- A New Date has been Set for the End of Receipt Printing in France
- E-invoicing and digital reporting pilot program beginning January 2024
- Guide: VAT in France
- Securing Electronic Invoices, Electronic Signature and Tax EDI
- Germany Launches Private Consultation about the Introduction of Mandatory E-Invoicing
- Mandatory B2B Invoicing in Germany Coming Soon
- BMF guidance on chain transactions
- Rejection of input VAT deduction in the case of fraudulent goods in a supply chain
- Photovoltaic system: Input VAT deduction from repair costs to roof
- Requirement for a proposed amendment for the avoidance of opposing VAT determinations in the case of tax groups
- Supplies of gas via the natural gas network and heat via a heat network
- VAT in the case of private use of electric vehicles & Co.
- VAT on a dinner show
- BMF: VAT rate for the supply of woodchips
- VAT liability for unduly charged VAT also possible when negative VAT amounts are shown
- BMF Launches Private Consultation about the Introduction of Mandatory E-Invoicing
- BMF: Tax liability according to § 14c UStG also possible if negative sales tax amounts are reported
- Consultation on implementation of B2B e-invoicing requirement effective 2025
- VAT treatment of chain transactions
- BMF issued discussion document for mandatory eInvoicing
- Germany Steps Closer to Introducing Continuous Transaction Controls
- Federal fiscal court rules on limited partnership issues related to VAT groups
- E-invoice: BMF submits discussion draft, associations can comment
- Germany plans to introduce B2B e-invoicing by 2025
- EU Council authorized to increase VAT exemption threshold
- Hungary VAT registration rise from €48,000 to €71,500
- Shares to employees of subsidiaries are exempt from VAT
- Ruling 308/2023: Anti-abandonment safety system in cars subject to standard rate
- New API Management platform for free access services
- Ruling 304: Recall and replacement of defective systems – Documentation accompanying goods and disposal/destruction procedure
- Proposal: VAT registration threshold be increased from EUR 45,000 to EUR 55,000
- Actions when the cash register is updated in accordance with the newest technical updates?
- To be or not to be…duly motivated. That is the question for claims against VAT assessments
- Council of ministers endorses CESOP
- 2023 budget: increase of penalties for recapitulative statements and more powers to fight VAT fraud
- Updates DAC6 FAQs
- EANOVAT conference and Phd seminar (23 and 24 June, Erasmus University Rotterdam)
- Position of the tax authorities on VAT exemption for medical laboratories too rigid
- Change in VAT decree; medical pedicure services
- Application (medical) VAT exemption; test at the level of members of a fiscal unity
- Logging into data portals for the tax authorities will soon only be possible via ”eHerkenning” and…
- Tax and Customs Administration points to reporting obligation DAC7
- Sale-and-lease-back for VAT no TOGC
- Expansion of the VAT sports exemption did not make the municipality liable for compensation
- Observation fee is subject to VAT
- Netherlands reluctant on domestic B2B e-invoicing
- Dental partnership is liable for VAT on observation fee (District Court Gelderland)
- Digital reporting system and e-invoicing should ease administrative burdens
- Who is subject to fiscalization obligations in Norway?
- Important Characteristics of the Fiscalization System
- What is the Type of Fiscalization in Norway?
- The date of income from the sale of the apartment is the date of transfer of ownership
- Movement of personal property from Qatar to Poland exempt from VAT
- You can make a correction and claim VAT on some purchases before registering your company
- VAT on the provision of goods transportation services
- How does the official SLIM VAT 3 adoption impact fiscalization in Poland?
- Free Employee Benefits without VAT and without the Right to Deduct
- Poland SLIM VAT 3 reforms delayed to July 2023
- You can file an adjustment and deduct VAT on some purchases before registering your business
- Russia Proposes to Exempt Gold Prospectors from VAT
- Unified application form for the application of the declarative procedure for VAT and excise refunds
- Russia MOF announces reverse charge for precious metals
- VAT rules for promotional goods will be changed
- Slovakia Permanently Cuts the VAT Rate Applied to Accommodation and Hospitality Services
- Correction of the tax deduction for non-payment of consideration for the supply of goods or services
- Potential delay in real-time invoice reporting law until 2025
- Spain Extends Basic Food VAT Zero Rating Until June 2023
- Spain will allow Tax Payments via Direct Debit from Foreign Bank Accounts
- Spanish court rules on the application of VAT reverse charge on the delivery of real estate taxed with real charges
- Supreme Court: Deferred VAT on imports – Inadmissibility of surcharge in certain cases
- Tax authorities cannot recharacterize a transaction without considering the parties’ true intention
- B2B e-Invoicing Law published on the official Gazette in Spain
- Guidance: Price reduction in the event of a fault in the product or service
- Provision to employees for compensation, VAT
- Updated position: Damages, warranty compensation and similar payments
- New VAT requirement could be a billion-dollar hit – “like shooting with a machine gun”
- Sweden Tax Agency Explains Conditions for Tax Payment Exemptions
- Are there special VAT rules for Non-Fungible Tokens (NFT)? Part 2
- Pitfalls in the Application of the Transfer Procedure
- Is the sale and free supply of gift certificates subject to VAT?
- Nuances of using the cash register method with VAT in case of payment by e-money
- Is the invoice issued to the taxpayer for services rendered, the cost of which is determined by the…
- Transactions not subject to VAT: how to indicate them in the declaration?
- FTT: The Turmeric Co: whether turmeric shots were beverages
- UK Annual Tax Receipts Hit Record High with 9.9% Increase
- VAT Portal to Close for Annual Filers
- HMRC Guidance: Apply for an Advance Valuation Ruling
- Case: Kids’ driving experiences not like a funfair for VAT – standard rate
- Eels, salmon and trout are VAT free when sold dead or alive, but bream, perch, pike and tench are standard…
- VAT Invoice Requirements in the United Kingdom
- FTT: Football agent services performed to football club – place of supply is outside the UK
- FTT: Ellis – company suspected of facilitating fraud – appeal by company against de-registration
- FTT: Mort – DIY Housebuilders – whether supplies zero-rated – single or multiple supplies)
- Plastic Packaging Tax Rate Increased
- Recovery of input tax on fuel costs
- Recovering input tax on the charging of EVs
- How the Plastic Packaging Tax works
- FTT Sports Invest UK – Intermediary/agent of football players
- Benefitting from Postponed VAT Accounting in the UK and Other Countries
- UK closes old VAT return portal May 2023; MTD compulsory for all
- Charging EVs ruled to be goods not services
- Recovering input tax on the charging of EVs
- Initial Impressions of The United Kingdom’s Digital Services Tax
- UK Changes the Plastic Packaging Tax Rate from 1 April 2023
- HMRC Guidance: Pay the VAT due on your One Stop Shop VAT Return
- Postponed VAT Accounting PVA
- How VAT works
- HMRC Guidance: Register to report and pay VAT on distance sales of goods from…
MIDDLE EAST
- Criteria for Selecting the Taxpayers in Wave 4 for Implementing (Integration Phase) of E-invoicing
- New taxpayer group in scope of Phase 2 of e-invoicing announced
- Rulings submission – Proposed amendment to the provisions of Article 75 of the VAT Implementing…
- ZATCA releases updated draft of e-invoicing implementation resolution
- Overview of Incentives for Saudi Arabia’s New Special Economic Zones
- Amendments to VAT Reporting Requirements: Electronic Commerce Supplies and record keeping requirements
- FTA begins Accepting Requests for Refunding Input Tax Incurred on Operating Mosques as per their Operation Start Date
- UAE VAT Rules: Will Commissions of Local Agents be Charged?
- VAT refunds now available for operating mosques
- UAE Reforms ‘Will Take Country to New Heights’
