By Aditya Kumar, Ashwani & Associates, Chartered Accountants
With the introduction of GST in India, it is important for foreign corporations to understand the concept of non-resident taxable person (‘NRTP’). The concept introduced under the GST laws has led to raised eyebrows by the foreign companies doing, or intending to do, business with India.
By Toon Hasselman, LIMES International B.V.
Admission to events that take place in the Netherlands are subject to Netherlands VAT (currently 21%).
By Marc Nideröst, Treuhand- und Revisionsgesellschaft Mattig-Suter & Partner
As of 1 August 2017, the security for a taxable person not resident or domiciled in Switzerland are calculated differently.
By Brigitte Jakoby, Jakoby Dr. Baumhof - Wirtschaftsprüfer Steuerberater Rechtsanwälte
Since the introduction of the Mini One Stop Shop (“MOSS”) within the EU, cross-border tax audits have been an important, but still unresolved issue. EU Member States have not yet been able to agree on harmonised rules for conducting cross-border tax audits. A leaflet published by the German Ministry of Finance on cross-border tax audits now seeks to answer some of these issues/ questions. The leaflet deals with the purpose of cross-border audits.
By Pablo Garciga, Funaro & Co. PC
Owning property in a state generally establishes tax nexus. This is true even if a Treaty between the US and a foreign country creates the legal fiction that the limited activities of the foreign vendor are not deemed to create a Permanent Establishment in the US for federal income tax purposes. Since the number of online vendors have increased, the situation often arises whereby an outof- state vendor owns inventory held by an online marketer (e.g. Amazon) at the marketer’s warehouse. This situation has the potential of creating nexus for the out-of-state vendor in many states.
By Filip Camps, ACCO Accountants
Ostensibly, whenever a company is importing goods into Belgium, the goods will be subject to a Belgian import VAT charge at the point of entrance of the goods in Belgium (however, see ET 14.000 below).
By Brigitte Jakoby, Jakoby Dr. Baumhof Wirtschaftsprüfer Steuerberater Rechtsanwälte
The VAT taxation of public authorities has been reformed by deleting § 2 para. 3 UStG (German VAT Act) and creating the new rule § 2 b UStG. With this change, public authorities are facing a major turning point.
By Alan Rajah, Lawrence Grant, Chartered Accountants
Effective 1 January 2015, if your business sells digital services (broadcasting telecommunications & e-services) to EU consumers, you have to account for local VAT based on the rules of the jurisdiction where the customer used the service.
By Steve McCrindle, Haines Watts
When goods are imported into the UK VAT becomes due (at 20%, 5% or 0%). The following local B2B sale is subject to UK VAT at the applicable rate, and an intra-community sale or export is zerorated. Importers have to provide a Guarantee in favour of HM Revenue & Customs, but this can be dispensed with in certain circumstances.
By Richard Jahoda, Grinex Czech Republic
The Czech government has presented the VAT recapitulative statement as a very powerful tool to limit tax avoidance. After one year of this measure coming into force, its impact is very questionable at best.
