delivery of a parcel

The introduction of the platform fiction: a solution?

By Ineke C. J. M. Schellen, Baat accountants & adviseurs

The platform fiction was introduced effective 01 July 2021 and can be applicable for sales to end consumers in the EU through a platform like Amazon or Alibaba. When applicable, the platform – not the seller – must declare VAT on sales to end consumers in EU countries. Sellers using the platform only have to declare deemed sales to the platform on which no VAT is due (0%).

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Dubai, UAE

UAE Post-VAT Implementation

By Mohammed Aweidah, Al Zarooni Tureva, Auditors, Accountants, Advisors

The UAE introduced Value Added Tax (VAT), an indirect tax imposed on the purchase of goods and services, at a standard rate of 5%, effective 01 January 2018.  Since then, companies have restructured their business models to include VAT in all of their operations. As a new income-generating factor for the UAE, VAT has helped in the development of the infrastructure and contributed to economic growth of the country.

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Milan, Italy

ECJ Case C-94/19: Secondment of Staff Without Mark-up is Subject to VAT

By Pasquale Della Corte, COMMA 10

The Italian Supreme Court requested a preliminary ruling concerning the interpretation of the Articles 2 and 6 of the Sixth Council Directive 77/388/ EEC, since Italian VAT law provides that the lending or secondment of staff, in respect of whom only the related cost is reimbursed, shall not be regarded as relevant for the purposes of VAT.

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Moscow, Russia

New VAT Rules for Russian IT Companies

By Valeria Khmelevskaya, KBK Accounting

In the course of the current tax reform aimed at a review of taxation of IT businesses, IT companies may obtain certain profit tax reductions and a number of other incentives (e.g. reduction of tariffs for social security contributions which are payable in Russia by the employer only). The current reform also covers VAT. In particular, the VAT exemptions have been revised.

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Bangalore city skyline, India

GST – A Work in Progress for International Transactions

By Siffat Kaur, Ashwani & Associates

VAT and GST all over the world has evolved in a fragmented manner. This has resulted in a variety of models emerging, under which the tax levies are based on different principles in different countries. The ability to trade services across borders is a more recent development and one which is not always easily assimilated into current models. Implementation of GST in India was touted as a tool for accelerating the pace of tax legislation by taxing every value addition. However, taxing the cross-border transactions still continues to place strain on the jurisdictional authorities.

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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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