Marbella, Spain

VAT on the construction and rental of holiday apartments in Spain

By Jesús Ruíz Ballesteros, Ruiz Ballesteros Lawyers and Tax Advisors
Continuing on from our previous article, let´s assume that we are a company, that we have purchased a plot of development land and on this land, we have built ten apartments. We have paid VAT on the purchase of the land and also during the construction of the apartments, as we have contracted the services of a building company.

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State sales and use tax considerations when entering the US market

By Matthew J. Parrilli, Mowery & Schoenfeld, LLC

The US can be a lucrative market for companies to generate new revenue, but with that new revenue come new tax requirements. The US and its states all have their own taxing jurisdictions. As a company looks to establish a presence in the country, it must consider the tax effects caused by its expansion. The US and its fifty states have both direct and indirect taxes that may apply to a company’s activity.

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s-Hertogenbosch, The Netherlands

Brexit, e-commerce and a VAT presence in the Netherlands – at what cost?

By Toon Hasselman, EJP Accountants & Adviseurs

In VAT land, we have weathered through some storms in the recent past to help non-EU established companies continue their business activities within the EU. We have been able to come up with numerous solutions depending on the specific needs of the business. These solutions ranged from a change in the supply chain, such as a Single Point of Entry with a Limited Fiscal Representative (“LFR”), to the incorporation of a Dutch entity.

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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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