Ten years after its inception, we’ve decided to hold our annual World Wide VAT forum over an informal breakfast. Please join us on 4 April for an opportunity to find out about the latest global trends in indirect taxation (VAT/GST/sales tax/excise taxes) and meet experts and fellow professionals Continue reading
The following changes apply to VAT:
Recording obligations and liability for electronic marketplaces are introduced
Going forward the owner of an electronic marketplace has to make the following (additional) recordings: Continue reading
With the Circular letter no. 13/E of 2 July 2018, the Italian tax authorities has provided further clarifications regarding mandatory electronic invoicing regime, in order to reply to questions provided by trade associations.
The conclusions come in response to certain issues raised in an April 2016 Commission action plan.
The Puerto Rico Treasury Department (PRTD) is preparing to transition to a Value Added Tax (VAT) System whose effective date has been postponed until June 1, 2016. Notwithstanding the above, the Puerto Rico House of Representatives (the House) recently proposed several bills, specifically HB 2032, HB 2838, HB 2839, and HB 2840, to eliminate the VAT System from the Puerto Rico Internal Revenue Code of 2011 (the Code), among other items. Continue reading
An ever recurring question of EU VAT is referred to the ECJ namely, whether the storage of goods is a service connected with immovable property, which should be subject to VAT where the warehouse is located (Art 47) or rather it is a regular service which should be taxed in accordance with the general rules (Art 44 of the VAT Directive). Continue reading