EU – VAT refund claims are due by 30 June 2014
Businesses incurring costs in many EU countries may recover the VAT on those costs even if they are not registered for VAT in that particular country. In many of the EU jurisdictions there is a 30 June deadline in any year for making the reclaim.
See MoreEU – Changes to VAT place-of-supply rules in 2015
There will be a change to the EU VAT place-of-supply rules, which determine where VAT is collected and remitted for some types of service, with effect from 1 January 2015. This change will affect businesses providing services such as
See MoreEU – VAT guidance for e-services rule changes effective in 2015
The European Commission has issued guidance to help businesses cope with for the new value added tax (VAT) rules for in respect of e-services including telecom, broadcasting, and electronic services. The changes to the place of supply rules are to
See MoreIsrael: VAT Position of Foreign E-retailers
Non-resident retailers of goods and digital services to Israeli consumers will remain outside of the Israeli VAT net. This is the result of a decision of the High Court that has struck down a petition from local online retailers that E-retailers
See MoreSpain – CJEU finds Retail sales tax on diesel contrary to EU law
The Court of Justice of the European Union (CJEU) has issued a judgment in the case of:Transportes Jordi Besora SL v. Generalitat de Catalunya, C-82/12 ruling that the Spanish tax on retail sales of diesel and petrol is contrary to EU law. The CJEU
See MoreEuropean Commission reports on administrative cooperation and combating fraud in the field of VAT
On 12 February 2014, the European Commission adopted two reports related to fighting Value Added Tax (VAT) fraud within the EU. The reports outline possible ways of improving procedures for dealing with this problem. The first report looks at VAT
See MoreEU: European Commission proposes stronger cooperation on VAT
Recently, the European Commission began consultations with Russia and Norway on administrative cooperation agreements in the area of Value Added Tax (VAT). The aim of the agreements is "to establish a framework of mutual assistance in combatting
See MoreECJ: Deduction of input VAT on pension fund management costs
In a Revenue and Customs Brief HMRC has set out its position on VAT on pension fund management costs. This follows decision of the European Court of Justice (ECJ) in the case of Fiscale Eenheid PPG Holdings BV regarding an employer's entitlement to
See MoreRomania: Foreign energy traders are now permitted to reclaim input VAT
The European Court of Justice has ruled that foreign energy traders in Romania are now permitted to reclaim input VAT incurred through the EU’s 8th Directive. This follows Romania’s withdrawal of the requirement for VAT registrations on
See MoreEU: VAT pilot project on international SME transactions
The European Commission has announced a one year extension of the pilot project that seeks to improve certainty for small and medium enterprises (SMEs) in cross border VAT transactions. 14 EU Member States (Belgium, Estonia, Spain, France, Cyprus,
See MoreEU: VAT rates changes for 2014
The European Commission has issued the report on value added tax (VAT) rates applicable in EU Member States for 2014: Member States Super Reduced Rate Reduced Rate Standard Rate Parking Rate Belgium - 6 / 12 21 12 Bulgaria - 9 20 - Czech
See MoreChina: VAT refunds on e-commerce
Clarification has been issued of Chinese VAT refund processes for Chinese online retailers selling outside China. This guidance covers enterprises selling via their own website or through external platforms such as Amazon. The new guidance came
See MorePortugal: VAT amnesty until end of December 2013
The tax office of Portugal has announces that- with reduced fines until 20 December 2013 outstanding VAT may be declared. Penalties will be reduced. There will be no late interest charge, or extra return charges for previously undeclared Portuguese
See MoreEuropean Commission – VAT Guidelines for Telecoms and e-Services
On 29 October 2013, the European Commission published guidelines to help companies to prepare for the new value-added tax rules regarding telecommunications and electronic services. The new rules are scheduled to become effective in 2015. Under the
See MoreEU: Stopping the Italian bank guarantee requirement for VAT credits
The European Commission is seeking to prevent Italy from demanding a bank guarantee from non-resident companies which are seeking to apply for a VAT credit via their Italian VAT returns. The European Commission infringement systems try to change the
See MoreEgypt – VAT implementation discussions
The Finance Ministry of Egypt has re-started discussions on the potential implementation of a full Value Added Tax (VAT) regime to replace the existing sales tax system. The current sales tax system of Egypt is complex and can lead to compound
See MoreChina: VAT reforms for 2014 and 2015
Chinese VAT reforms went national in August 2013 in respect of transport and broadcast services. The first VAT reform pilot started in 2012 in Shanghai and was then rolled out to 11 other provinces. Some more services will become subject to VAT and
See MoreAustria – Legislates rapid reaction reverse charge on VAT fraud
Austria has the new mechanism to enable member states to change reporting and VAT obligations at short notice were brought into place. This instrument allows member states to gain consent from the European Commission within 30 days to apply the VAT
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