By Marc Nideröst, LL.M., Treuhand- und Revisionsgesellschaft Mattig-Suter und Partner
VAT payers domiciled outside of Switzerland have to furnish a security according to the VAT liability of one year. In addition, they have to appoint a VAT representative domiciled in Switzerland.
By Stefano Loconte and Gabriella Antonaci, Loconte & Partners
The Circular No. 21/E of Italian Revenue Agency (hereinafter “the Circular”) clarifies, through a series of explanations, the reverse charge method introduced by Italian Legislative Decree No. 24 of 11 February 2016 entered into force on May 2nd 2016.
By Prof Stefano Loconte and Giusy Antonelli, Loconte & Partners
Recently the Advocate General of the ECJ expressed an opinion in case C-546/2014, Degano Trasporti, which was favourable to the extinguishment of debts arising from VAT in the case of composition with creditors.
By Steve McCrindle, Haines Watts
For many years, holding companies (HoldCo) enjoyed a degree of certainty in relation to their ability to recover VAT incurred as input tax, but there is a challenge to this position from certain EU tax authorities which is creating ambiguity. This is a current issue in the UK.
By Graeme Saggers, Nolands SA
With effect on 1 April 2014, South Africa has amended sections of the Value Added Tax Act in an attempt to clarify and streamline certain registration requirements.
By Carina Langegger and Manfred Leitinger, Prodinger & Partner
The ECJ decision issued on 22 April 2010 (Case C-539/08) regarding intra-community acquisitions between and Facet BV/Facet Trading BV showed that small formal invoicing mistakes can have significant implications for tax. The consequence of a purchaser using a VAT ID differing from the VAT ID of the country where the supply ends is that the purchaser becomes liable for VAT in both countries (where the supply ends and in the country of the VAT ID which was used). However, the right of VAT deduction would only be granted in the country where the delivery ends.
By Filip Camps, Acco
As from January 1, 2013, a new Belgian law entered into force that changed the Belgian VAT-code. In particular, it regulates the new measures regarding the invoicing rules and changing the applicable rules in relation to self-billing. The VAT authorities consequently issued an official announcement in 2013 on the subject to the simplified self-billing rules in which the amended measures were explained.
By Carina Langegger & Manfred Leitinger, Prodinger & Partner
Following the amendments made to the Austrian VAT Act in 2012, changes occurred for the worse with regards to VAT on rentals and to the input VAT adjustment period, in cases of change of property use.
By Olga Selmer, Nörenberg • Schröder
On 7 March 2013, the German Ministry of Finance issued guidance notes in which it specified organisational integration as one of the requirements for the existence of a VAT group, in addition to financial and economic integration. The new definitions are being embraced by professional circles as, prior to these changes, the question as to whether organisational integration should be a requirement in establishing a VAT group was the one that most divided opinion.
By Raluca Tutu, Mirus Consultantá Fiscalá SRL
Persons subject to the VAT cash accounting system. These are taxable persons whose place of business is located in Romania, who are registered for VAT purposes and who have a turnover not exceeding RON 2,250,000.