New rules as from 1 of January 2015.
For further details follow the link
Category: Tax Knowledge
Supply of electronic services within the EU as from 2015
Under the current EU law suppliers, who are not established within the EU, providing electronic services to non VAT registered customers (BtoC), have to account and pay VAT at the VAT rate of the member state in which the service recipient is domiciled. As from 2015 this rule will also apply to suppliers established within the EU which until 2015 can apply the VAT rate of the member state of their establishment.Read More »
Lesson in Lisbon 27 June 2013
You attended my lecture on Thursday in Lisbon. I really enjoy our discussion.
And I am very much interested in your thoughts.
Please find 2 questions below:
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What do you think about how the importance of VAT compliance in the future is (in max. 150 words)?
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There is a direct delivery of goods from Germany to France, where three companies are involved in the chain, one of them is you client. Which questions would you ask your client to clarify the correct VAT treatment?
Portugal – new administrative obligation for transportation of goods as from 1 of July 2013
All goods transported within the Portuguese territory to taxpayers must be accompanied by transport documents issued in accordance with the Portuguese legislation. As from the 1 of July 2013 there is a new obligation to submit the information of the transport documents to the Tax Authority prior to the beginning of the transport. Read More »
Italy – VAT rate increase to 22% postponed to 1 of October 2013
The Italian government decided to postpone the planned VAT rate increase from 21% to 22% from 1 July 2013 to 1 October 2013.
Montenegro – VAT rate increase to 19%
Montenegro’s Parliament agreed to the increase of the VAT rate from 17% to 19%. This change will take place as from 1 July 2013.
Canada – increase of Manitoba provincial sales tax to 8% as of 1 July 2013
As of 1 July Manitoba’s provincial sales tax rate will increase from 7% to 8% for a period of ten years ending June 30 2023.
There are new exemptions from the tax, for instance some supplies for babies and child safety restraint systems.Read More »
France – 1% tax on electronic media devices proposed (Acte II de l’exception culturelle)
On the 13th of May, the French government published a 700-page long report on the possible options to safeguard and maintain the financial support of the national culture industry. The government is of the opinion that the digitalization of distribution channels for commodities with cultural content such as films, music and books, Read More »
Slovenia – increase of the VAT rate as per 1 of July 2013
The Slovene Parliament has approved an increase of the VAT rate as from 1 of July 2013. The standard VAT rate will increase from 20% to 22% and the reduced rate will increase from 8.5% to 9.5%. The approval of the National Council is still pending, but is expected in June.
USA – Market Place Fairness Act – update
The Senate of the US Congress has passed the Market Place Fairness Act on 6 May with bi-partisan support by a vote of 69 to 27. The legislation is meant to put online vendors on equal standing with “brick and mortar” stores in regard to tax collection. Currently most of the online vendors do not charge sales tax unless they have some sort of physical presence (i.e. “nexus”) in the state where they are selling to,Read More »
Michaela Merz 