Peru- Amendments to the VAT withdrawal system
The tax authority of Peru published Resolution No. 317-2013-SUNAT on 24 October 2013. The resolution amends the Resolutions No. 183-2004-SUNAT, 266-2004-SUNAT and 073-2006-SUNAT which regulates the withdrawal system of VAT. The new resolution has
See MoreEU: Standard VAT return proposed
The European Commission announced on 23 October a proposal for a standard value added tax (VAT) return. As indicated by the new rules, the VAT return would have a uniform set of prerequisites for businesses when documenting their VAT returns.
See MoreECJ: Advocate General opines on VAT exemption for transferable cards
A Court in the Netherlands had referred to the European Court of Justice (ECJ) the question of whether it was possible to exempt from VAT the issue and sale of transferable cards that can be used to pay for goods or services. The advocate general
See MoreSpain –Proposal to bring VAT provisions in line EU rules
Recently, Spain has suggested some changes to its VAT provisions so that they are more in line with those of the European Union. The changes are expected to be started during calendar year 2014 and included removing the special deadline for filing
See MoreSpain – Cash accounting to be introduced
Spain will introduce an optional VAT cash accounting scheme for businesses with turnover less than EUR 2 million effective from 1 January 2014. On 27 September 2013, the new Spanish cash accounting scheme was approved by Law 14/2013. The main
See MoreGermany: Additional administrative burden for VAT reporting for cross-border, intra-EU supplies
A new document has been introduced in Germany that increases the administrative burden with respect to intra-EU supplies (the cross-border transport of goods) within the European Union. Suppliers can apply a value added tax (VAT) rate of 0% for
See MoreLuxembourg: A judgment of the ECJ regarding Principal establishments
A judgment of the EU Court of Justice concluded that a company having its principal establishment in an EU Member State may not take into account for reasons of calculating the deductible amount of VAT, the turnover of its foreign branches on 24
See MoreGermany: New VAT invoice requirements
Germany has approved a new Act to implement changes to bring German VAT compliance rules into line with the EU VAT Directive and with a number of recent court cases. Under the new Act changes to German VAT invoices include: The obligation to
See MoreECJ: Referral in respect of vendor reclassified as taxable person
The Romanian Court of Appeal has referred a question to the European Court of Justice (ECJ) in respect of a supply of immovable property by a vendor who was later reclassified as a taxable person. The questions relate to the taxable amount of the
See MoreEuropean Commission: Private VAT rulings in relation to cross-border situations
According to European Commission information notice a number of EU member states have agreed within the EU VAT Forum to take part in a test case in connection with private VAT rulings. According to the agreement, taxable persons who are planning a
See MoreEU: Countering “carousel” VAT fraud
The Council of the European Commission affirmed on 22 July 2013 that the appropriation of measures to empower EU Member States to address VAT fraud, with directive provisions that take into account fast response and in addition a particular measure
See MoreECJ: Decision in the Ocean Finance case
The case of Paul Newey (trading as Ocean Finance) concerned a UK loan broker arranging loans between lenders and borrowers within the UK. Mr. Newey set up a Jersey company called Alabaster (CI) Ltd and gave this company the right to use the trading
See MoreECJ gives a preliminary ruling on the place of supply of storage services
RR Donnelly Global Turnkey Solutions Poland supplied services related to the storage of goods to companies located inside and outside the EU. The Polish government considered that the services were liable to VAT in Poland because they were services
See MoreECJ rules on relevance of contractual terms in VAT supply
The European Court of Justice (ECJ) has reached a decision in the case of HMRC v Paul Newey t/a Ocean Finance (C-653/11). This case concerned the relevance of contractual terms to the identification of the supplier and recipient of services for the
See MoreECJ: Advocate General issues opinion on VAT and educational services
A question was referred to the ECJ by the Supreme Court of Poland in respect of VAT on educational services. The Advocate General has now issued an opinion on the case, which is however not binding on the ECJ which will issue its decision at a later
See MoreECJ: Finland refers a question on VAT on electronic publications
The Supreme Administrative Court of Finland on 23 April 2013 asked for a ruling from the European Court of Justice (ECJ) in respect of the neutrality principle and its implications for the Finnish VAT on books in electronic form. The question put
See MoreECJ: Decision on the inclusion of non-taxable persons in UK VAT groups
The European Court of Justice (ECJ) has issued a decision in respect of a case brought by the European Commission concerning the provision for VAT groups in the UK. The UK argued in support of its position that non-taxable persons could be included
See MoreBelgian Rules on import warehouse fiscal representatives
Thes European Court of Justice recently reviewed the VAT liability of fiscal representative to any VAT default by their clients. The Belgian VAT authorities offer a special import VAT deferment scheme for companies importing into Europe for the
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