Archive: VAT
Netherlands and European Union: preliminary ruling requested from CJEU regarding customs and VAT implications of importation of goods
January 18, 2013. Tags: CJEU, customs and trade, European Union, The Netherlands, VAT
On 25 October 2012, reference was made to the Court of Justice of the European Union (CJEU) by the Dutch High Court (Hoge Raad der …
Colombia’s National Government enacts new rules on importation of heavy machinery and chemicals for use in mining industry [TAX ALERT]
January 15, 2013. Tags: Colombia, customs and trade, income tax, mining, VAT
Colombia’s National Government issued Decree 2261, establishing new rules to regulate, register and control the importation of heavy machinery and chemicals that can be used …
Argentina: VAT refund on bank debit card purchases – extended
January 14, 2013. Tags: Argentina, Financial Services, VAT
The 5% VAT refund for purchases paid with debit cards is generally extended until 31 December 2013, but excluding liquid fuels and natural gas (Resolution …
Vietnam: draft amendments to Law on VAT
January 10, 2013. Tags: tax amendments, tax law, VAT, Vietnam
It has been reported that the Ministry of Finance has proposed the following key amendments to the Law on VAT: Article 5: Expanding the exemptions to …
Uruguay: Tourism Tax Incentives – Resolution issued
January 7, 2013. Tags: tax incentives, transaction tax, Uruguay, VAT
On 15 November 2012, the Parliament adopted Law 18/999, which introduces the entire drafted tourism tax incentives for non-residents. Subsequently, the Government issued resolutions in order …
Czech Republic: amendment to VAT Law – signed by President
January 4, 2013. Tags: Czech Republic, tax amendments, tax law, VAT
The President signed into law, on 21 December 2012, the amendment to the VAT Law. The Senate’s veto was overridden by the lower chamber of the …
France: list of foreign aircraft companies excluded from benefit of VAT exemption
January 4, 2013. Tags: foreign, France, tax exemption, VAT
On 26 December 2012, the list of foreign aircraft companies that may not benefit from the exemption from VAT laid down in article 262-II-4 of …
Russia: Electronic VAT invoicing — time to act?
December 25, 2012. Tags: electronic, Russia, tax administration, VAT
The introduction of electronic VAT invoicing in Russia is a welcome development. Russian VAT taxpayers should analyze the impact on their businesses and take advantage of the new rules.
The EU VAT treatment of pension funds
December 24, 2012. Tags: European Union, pension, The Netherlands, United Kingdom, VAT
There are no signs that the VAT recovery position for pension funds and their sponsoring employers will be harmonized across the EU. Learn how member states vary.
Latvia: new VAT Law adopted
December 24, 2012. Tags: Latvia, tax law, VAT
On 29 November 2012, the Parliament adopted the new VAT Law. The new VAT Law will enter into force on 1 January 2013.
Mexico: Revised VAT rules for certified IMMEX companies
December 21, 2012. Tags: double taxation, GST, Mexico, transaction tax, VAT
After a provisional postponement, the new VAT rules for “virtual operations” performed by certified IMMEX1 companies have now entered into force. Learn about the new rules.
Brazil: companies are required to detail taxes on invoices and receipts
December 21, 2012. Tags: Brazil, corporate tax, permanent establishment, transaction tax, VAT
Law 12,741, published in the Official Gazette of 10 December 2012 and effective six months from this date (June 2013), requires companies to specify on …
Cross-border intracompany transactions with the EU
December 20, 2012. Tags: European Union, globalization, tax exemption, VAT
Not all cross-border intracompany charges are subject to VAT. To determine the VAT treatment of intracompany supplies of services for your company, read our insights.
Kenya: VAT Bill 2012
December 20, 2012. Tags: finance bill, Kenya, tax deductions, tax exemption, VAT
The VAT Bill 2012 dated 14 June 2012 is currently being debated in Parliament. Details of the VAT Bill 2012 are summarized below. Taxable persons Branches Where a …
Mexico: 2012 administrative guidance report – issued by tax authorities
December 19, 2012. Tags: income tax, Mexico, tax administration, tax code, VAT
On 29 November 2012, the Tax Administration Service issued the 2012 administrative guidance report (Boletín 2012), which compiles 143 criteria on domestic tax matters (federal …
EU VAT grouping provisions: an update
December 18, 2012. Tags: European Commission, European Union, tax groups, VAT
The European Commission continues to focus on VAT grouping, given the varying interpretations of CJEU rulings by member states and the lack of uniformity in their adoption.
United Kingdom: VAT (Relief for European Research Infrastructure Consortia) Order published
December 18, 2012. Tags: GST, tax relief, United Kingdom, VAT
The VAT (Relief for European Research Infrastructure Consortia) Order SI 2012/2907 will come into force on 1 January 2013, and will have affect importations, acquisitions …
Europe clears the way for electronic invoicing
December 17, 2012. Tags: electronic, European Commission, European Union, tax policy, VAT
After Directive 2010/45/EU was adopted in 2010 to create harmonized rules on electronic invoicing, its provisions must be applied by member states effectively from 1 January 2013.
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