French Fries

Installation and Assembly

By Toon Hasselman, EJP Accountants & Adviseurs

In my VAT practice, I have to deal with cross-border activities on almost a daily basis. These activities range from a simple sui generis B2B service, a straightforward intracommunity transaction with ordinary goods to more complex ones, such as the supply of a so-called “freeze tunnel” to a Belgian french fries factory (factory) by a Dutch business (trader) and by a Dutch construction company (constructor), and delivered on location in Belgium.

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Restaurant in Austria

Special VAT Relief Mainly for the Hospitality Sector in Austria

By Manfred Leitinger and Antonio Lukic, Prodinger Leitinger & Partner

On 30 June, the Austrian Parliament aimed to pass a new law reducing the VAT rate to 5%. It was meant to affect all revenues generated from selling beverages and meals, meaning firms with a hospitality trade license. But only one day before the law came into effect, the parliamentary session turned out to also grant tax reliefs to the entire hotel industry, including the supply of accommodation.

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Warsaw, Poland

Poland – What is SAF?

By Artur Plutowski, EFS Group Sp. z o.o.

The Standard Audit File for Tax (SAF-T) is a concept developed by the OECD and adopted by some EU Members (e.g. Austria, France, Lithuania, Luxembourg, Portugal, Poland). It is designed to provide tax authorities with reliable accounting data, exported from an accounting system, for a specific time period, easily readable by virtue of its standardisation of layout and format.

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London, UK

e-Publications – Post-EU Evolution in the UK VAT System

By Steve McCrindle, Haines Watts

The UK has always zero-rated printed matter, including books, booklets, brochures, pamphlets, leaflets, newspapers, journals and periodicals (which include magazines), and children’s picture and painting books. It was HM Revenue & Customs’ (HMRC) policy that zero-rating of VAT only applied to ‘goods’ and not the e-book equivalent, which is a ‘service’. This had been the status quo in the UK for some time.

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Emmerich, Germany

Reduction of German VAT rates from 01 July 2020 to 31 December 2020

By Ingo Prang, KPP Steuerberatungsgesellschaft mbH

One of the most important measures of the COVID-19 economic stimulus package adopted by the German Federal Government is the temporary reduction in VAT rates from 19% to 16% (standard VAT) and from 7% to 5% (reduced VAT) respectively. This measure applies from 01 July 2020 to 31 December 2020. The same applies in a mirror image from 01 January 2021, when these temporary reductions are removed.

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Singapore

GST on e-Commerce Transactions in Singapore

By Eddie Lee, Robert Yam & Co.

Generally, e-commerce is a growing market, with many countries in Asia, including Singapore, accelerating the e-commerce push. This refers to the growing trend of online transactions for the supply of physical goods, digitised goods, and services between two or more contractual parties. Many tax authorities around the world, including the IRAS in Singapore, are keen to tap on this growing source of tax revenue.

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medical factory supplies storage

COVID-19 Concessions on Import Duty on Certain Goods

By Carla Bendeman, Nolands

On 15 March 2020, the Minister of Cooperative Governance and Traditional Affairs declared a national state of disaster in response to the COVID-19 pandemic. A customs duty rebate and/or a VAT exemption, as summarised below, became operational and provides for the relief of distress of persons impacted by the pandemic.

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Moscow, Russia

Update on VAT on Electronically Supplied Services

By Valeria Khmelevskaya, KBK Accounting

Starting from 2019, new rules for calculation and paying VAT were introduced for foreign B2B providers of electronically supplied services (ESS), foreseeing obligatory tax registration and direct VAT payment via VAT-offce, available under lkioreg.nalog.ru/en. The previously applied reverse-charge procedure is not possible based on the current provisions of the Russian Tax Code.

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