The Importance of Getting Back to Basics
By Steve McCrindle, Haines Watts
“Civil” tax fraud investigations by HM Revenue & Customs (HMRC) are categorised as Code of Practice 8, for which the punishment is a financial penalty (or penalties).
Duty to Collect Goods and Services Tax in Canada
By Greg Gartner and Lindsay Kindrachuk, Moodys Gartner Tax Law LLP
Recipients of most supplies made in Canada must pay federal tax of 5% of the value of the supply, referred to as goods and services tax (GST) and legislated under Canada’s Excise Tax Act (the ETA). The supplier, however, has the duty to register to collect and remit this tax to the Canada Revenue Agency (CRA), with few exceptions, or risk assessment for the uncollected GST, plus interest and penalties. All but one province, Alberta, also have a provincial sales tax. Some provinces have “harmonised” their sales tax with the GST (e.g. Ontario) resulting in a higher rate (HST) to be collected and remitted to the CRA where supplies are made in that province, and others administer their own sales tax (e.g. British Columbia) requiring a separate consultation of that province’s sale tax legislation.
Indian GST on Digital Services
By Siffat Kaur, Ashwani & Associates
Rapid digitisation is one constant that has changed the world we live in. From buying groceries to booking cabs, almost everything is possible online. As more and more people participate in the digital economy, there is a need for countries to develop a framework to regulate and to get a “fair” share of taxes from the revenues generated by such businesses.
Austria: VAT Changes with Effect from 01 January 2020
By Edith Huber-Wurzinger, Gaedke & Angeringer Steuerberatung GmbH
The Austrian tax reform for 2020 necessitated some organisational modifications and implementations within the scope of the IT systems for many entrepreneurs. The new provisions are especially important for the transnational movement of goods in the internal market.
South Africa Implements VAT on Foreign Electronic Service Providers
By Graeme Saggers, Nolands
On 01 June 2014, South Africa implemented regulations that required certain foreign providers of electronic services to register for VAT. These regulations have gone through an amendment and new regulations were published on 18 March 2019 with an effective date of 01 April 2019. The original regulations limited the scope of services that qualified as electronic services and which must be charged with VAT at the standard rate.
An Alternative to Sales Tax Registrations
By Pablo Garciga, Funaro & Co. PC
Since Wayfair was decided by the US Supreme Court in October 2018, economic nexus has dominated state and local tax discussions. It is important to remember that physical connections to a state will still create nexus even if the economic nexus thresholds are not exceeded. For example, an outof- state vendor (“vendor”) attends a trade show in a state and makes USD 25,000 in sales. This may not exceed the sales threshold to meet the state’s sales tax economic nexus definition, but the vendor may have created nexus for the sales or use tax.
Proof of Transport on the Basis of the New EU VAT Law
By Pasquale Della Corte, COMMA 10
Regulation (EU) 2018/1912 has introduced a presumption of proof of transport of goods from one member state to another member state in intra-community transactions effective from 01 January 2020.
VAT on Electronic Services to Clients Domiciled in Switzerland
By Marc Nideröst, Treuhand- und Revisionsgesellschaft Mattig-Suter & Partner
As per definition, electronic services are deemed to take place and are taxed at the domicile of the recipient of such services. If such services are rendered to Swiss counterparties that are non- VAT payers, the service provider is required to register for Swiss VAT.
New Rules on the Export of Services
By Valeria Khmelevskaya and Gleb Stepanov, KBK Accounting
Following the assignment of the Russian President to make the export of services equal to the tax regime of the export of goods, new rules on VAT were introduced starting from 01 July 2019.
How the Change in US Sales Tax Rules has Impacted International Sellers
By Chris Vignone, Prager Metis International LLC
On 21 June 2018, the US Supreme Court passed a landmark decision that transformed the landscape of sales tax in the US. The South Dakota vs Wayfair decision effectively permitted states to create new rules for salestax collection requirements based on the dollar or transactions amount of sales – otherwise known as economic nexus. Previously, companies were only required to collect sales tax based on a physical presence test. Over the past year, thousands of US companies have had to grapple with this new requirement.
More Articles ...
- Intra-Community Triangular Transaction
- Installed Goods or Land Related Services?
- Mandatory Electronic Invoices in Italy: Exemptions for Non-Residents
- ECJ’s Decision: No VAT on Remuneration of Supervisory Board Members
- Austria: Digital Services Tax
- UK and Dutch Brexit Teams Preparing for Kick-Off
- Dock Sales: When Simple Sourcing is not so Simple
- AN OVERVIEW ON GOODS AND SERVICES TAX (“GST”) IN SINGAPORE
- VAT on Electronically Supplied Services in 2019
- No Deal Brexit: Single Market vs Exports of Goods
- ‘Netflix tax’ - new cross border rules in Australia
- Proportional crediting of VAT amount in Georgia
- The Reintroduction of the Sales and Service Tax
- Italian Split Payment Mechanism: An Increase of VAT Credit Positions
- South African VAT Consequences on Foreign Rebates
- Non-Resident Taxable Person under GST
- VAT Switzerland – Calculation of Security for Foreign Companies
- The German View on Cross-Border Tax Audits
- Amnesty: US Multistate Tax Commission Offers Remote Sellers an Opportunity
- VAT in Brief – Imports in Belgium
- § 2 b German VAT Act: Significant adjustment effort for corporations under public law
- What is VAT MOSS?
- VAT in Brief – Imports UK
- Were the impacts of the VAT recapitulative statement in the Czech Republic positive?
- GST and its implication for the Indian economy
- VAT effects of supplying electronic services in South Africa
- Value-added tax on imported services (Part 1)
- U.S. State Taxation: Is the Repeal of Quill’s Physical Presence Principle Unavoidable?
- VAT representation in Switzerland
- The Italian Revenue Agency explains reverse charge method applied to sales of game consoles, PCs, tablets and laptops
- VAT debt in case of arrangement with creditors: new perspectives of the ECJ
- Refund of input VAT in danger for holding companies?
- Streamlining the VAT registration process
- Negative consequences of using the wrong VAT ID
- Belgium: new and simplified rules for VAT “self-billing”
- Austria: VAT on real estate
- German VAT groups: detailed specification of organisational integration
- The VAT cash accounting system in Romania
- The hidden VAT – Why Europe escapes from a benefit
- Amendment to the Slovak VAT Act has introduced joint liability for Slovak VAT
- Lawrence Grant Recovers GBP 50k from French VAT Authorities
- EU member states to receive new weapon against VAT fraud
- VAT Rates in Europe
- VAT and E-Commerce
- EU VAT Legislation Update
- EU Decides on VAT Concessions
- Additional Signature for Goods from Germany
