VAT for Public Entities and Charities
|
|
- Opal Harrison
- 6 years ago
- Views:
Transcription
1 VAT for Public Entities and Charities Current Issues and Proposals CFE Forum 27 April 2006 Rolf DIEMER European Commission DG Taxation and Customs Union Unit D1: Value Added Tax and other turnover taxes 1 Determining a public body's VAT liability is a complicated affair Treatment of public bodies under the EU's 6th VAT Directive. Public activities Outside the scope Inside the scope Taxable Exempt Consequences on taxation and deduction. 2 Taxation of outputs Public activities Outside the scope Inside the scope No VAT on supplies of goods and services Taxable Exempt VAT on supplies of goods and services at standard or reduced rate No VAT on supplies of goods and services 3
2 Deduction on inputs Public activities Outside the scope Inside the scope No right of deduction Taxable Right of deduction Exempt No right of deduction Article 17.2 of 6th Directive: right of deduction for taxable activities only. Article 17.5 and Article 19.1 of 6th Directive: pro rata of deduction when inputs used both for taxable activities and activities in respect of which VAT is not deductible. Optional inclusion of non-taxable subsidies for pro rata calculation. 4 Article 4 of 6th VAT Directive 1. "Taxable person" shall mean any person who independently carries out in any place any economic activity specified in paragraph 2, whatever the purpose or results of that activity. 2. The economic activities referred to in paragraph 1 shall comprise all activities of producers, traders and persons supplying services including mining and agricultural activities and activities of the professions. The exploitation of tangible or intangible property for the purpose of obtaining income therefrom on a continuing basis shall also be considered an economic activity. 3. ( ) 4. ( ) 5 5. States, regional and local government authorities and other bodies governed by public law shall not be considered taxable persons in respect of the activities or transactions in which they engage as public authorities, even where they collect dues, fees, contributions or payments in connection with these activities or transactions. However, when they engage in such activities or transactions, they shall be considered taxable persons in respect of these activities or transactions where treatment as non-taxable persons would lead to significant distortions of competition. In any case, these bodies shall be considered taxable persons in relation to the activities listed in Annex D, provided they are not carried out on such a small scale as to be negligible. Member States may consider activities of these bodies which are exempt under Article 13 or 28 as activities which they engage in as public authorities. 6
3 Supplies of goods and services Inside / Outside the Scope (1) General rule: public body's "economic activities" are inside the scope of VAT. Exception: economic activities in which a public body engages as a "public authority" are out of scope unless significant distortions of competition occur. Annex D activities are always taxable except when negligible. A public body's exempt economic activities may be treated by Member States as outside the scope of VAT. 7 Supplies of goods and services Inside / Outside the Scope (2) When does the exception apply? Two conditions must be fulfilled (ECJ cases 260/98, 408/97, 358/97, 276/97, 202/90, 129/88, 231/87) 1) A body governed by public law 2) Acting as a "public authority" i.e. subject to special legal regime which differs from that applicable to private economic operators. 8 Supplies of goods and services Inside / Outside the Scope (3) List of activities referred to in Annex D 1. Telecommunications 2. The supply of water, gas, electricity and steam 3. The transport of goods 4. Port and airport services 5. Passenger transport 8. The running of trade fairs and exhibitions 9. Warehousing 10. The activities of commercial publicity bodies 11. The activities of travel agencies 6. Supply of new goods 12. The running of staff shops, manufactured for sale cooperatives and industrial canteens 7. The transactions of agricultural and similar institutions intervention agencies in respect of 13. Transactions other than those agricultural products carried out specified in Article 13(A)(1)(q), of pursuant to regulations on the radio and television bodies common organization of the market in these products 9
4 Inside the scope of the tax Taxed and exempt activities Many of the activities of public bodies which are inside the scope, are exempt as a result of the provisions in articles 13 and 28 of the 6th VAT Directive. school hospital 10 Treatment of some public activities Information provided by MS in 2000 Provision by the local authority of: parking sites on public roads parking sites on non-public roads Air traffic control services to airlines Taxable (T) D(T/NB), DK(T/NB),E, EL, FIN, I, NL(T/NB), P, S, UK(T/NB) A(T/E), B, D(T/NB), DK(T/NB), E, EL, F, FIN, I, L(T/E), NL, P, S, UK(T/NB) A(T/E), B, DK, E, FIN(T/E), IRL, UK I, S Exempt (E) Non-business activities (NB) A, B, F, IRL, L IRL EL, F, L, NL, P Veterinary services in respect of live stock A, DK, F, FIN, I, IRL, NL, P, S, UK(T/NB) B, D, E, EL, L 11 Problems caused by this treatment Lack of neutrality Lack of harmonization 1. Lack of neutrality Distortion of competition public / private sector Non-deduction in the public sector results in: - Lower rates of investment. - No outsourcing of those activities which could more efficiently be performed by specialized providers. - Cascade effect of exemptions in supplies to businesses. - Expensive tax avoidance "mitigation" schemes. 12
5 Problems caused by this treatment 2. Lack of harmonization No community approach on treatment of public activities. MS define: - what a public body is - when it acts as a public authority - when there is a significant distortion of competition - when an economic activity is significant MS allowed to consider exempt activities of public bodies as activities in which they engage as public authorities. 13 A way forward Little chance for radical reform Improvements in the following areas: a) Through legislative action (amending the 6th Directive). *Review of Annex D *Deletion of option to treat exempt activities as out of scope *A right of deduction for input VAT relating to outside the scope supplies? *Review of certain exemptions in article 13 A b) Through litigation (complaints, monitoring and preliminary requests for a ruling) *Ensure taxation of public bodies when competitive conditions require 14 it Reviewing Annex D Identify areas where economic inefficiencies and distortions of competition due to "out of scope" treatment are greatest. Criteria - Economic importance of the activities. - Significant presence of "business" providers. - Distortions to cross-border trade in goods/services. - Public activity is relevant business input and non-taxation results in "VAT cascade effect". 15
6 Conferring a right of deduction/vat refund for outside the scope activities VAT refund systems for outside the scope activities in some MS (on the fringe of 6th Directive). UK SW FI PT FR LX AT NL Pros: corrects distortions due to non-deduction of VAT. Cons: - would worsen distortions with private sector unless the "significant distortion of competition test is applied strictly. - distinguishing input VAT belonging to out of scope and exempt activities may be difficult. 16 Review of certain "social" exemptions" (article 13 A) Exemptions of certain activities in the public interest (postal services, health, education, culture, sport, etc.) are causing distortions of competition. The Commission has started the review of these exemptions in 2003, by proposing the taxation of public postal services and giving Member States the possibility to tax it under a reduced rate. However, due to the opposition of several Member States, the discussions in the Council have not progressed. The purpose of this review is to simplify and modernise the current legal framework and adapt it to the modern reality. This might involve the redrafting of the legal wording but it is still premature to say if some and which of the current exemptions will be removed. 17 A strategy for the future Achieve greater neutrality and harmonisation of the tax by: 1) Widening Annex D s scope to include certain activities performed by public bodies. Introduce reduced rates where needed for social reasons. 2) Exploring new options for the treatment of outside the scope supplies. Introduce a right of deduction/vat refunds? 3) Testing existing VAT exemptions to ensure they remain appropriate. 4) Closer monitoring of Member States legislation and practice in this area. 18
7 Current VAT rules applicable to Charities Charitable activities Outside the scope Inside the scope Taxable Exempt 19 Charitable activities Activities implying the supply of goods or services given free of charge are, in principle, outside the scope of VAT (see Article 2 of 6th VAT Directive). Exempted activities include e.g. social welfare, education, health, sport, culture (see Article 13 and 28 of 6th VAT Directive). Trading of goods or services are taxable activities. 20 Main problem of Charities The main concern of a Charity is to find a way of reducing the weight of VAT, either on the input side or on the output side, thereby increasing the amount of revenue available to spend on charitable causes. The incapacity to deduct the input VAT incurred on the purchases of goods and services made by the Charity, which are related to outside the scope and exempted activities, constitutes a cost for that Charity. 21
8 Possible solutions Without a modification of the 6th VAT Directive Addressing the problem outside the VAT system by introducing VAT refund schemes in favour of Charities in order to allow them to recover their non-deductible input VAT? Depends upon a pure «national» budgetary decision that may not affect the VAT own resources of the Community. Better implementation in some Member States of the possibility to apply VAT reduced rates to supplies of goods and services made by certain Charities (see Annex H of 6th VAT Directive). 22 Possible solutions Through a modification of the 6th VAT Directive Introducing a zero-rating for supplies made by Charities? Not realistic; poses problems of its own. Abolishing (some) exemptions while introducing the possibility to apply more reduced rates? 23 Commission's Timetable The review of the rules on public bodies will include close related issues such as subsidies and social exemptions; An assessment of the social and economic impact of possible legislative solutions will be undertaken in 2006; The Commission analysis and the package of possible solutions will be put in the Commission's web site for public consultation in late 2006; A legislative proposal is programmed for
11/12/ Eyes Ltd. The VAT package. Major changes to VAT from 1 January 2010
The VAT package Major changes to VAT from 1 January 2010 The European Council has published a new package of measures (known as the VAT Package) setting out significant changes to the rules on the place
More informationConsultation on Review of existing VAT legislation on public bodies and tax exemptions in the public interest
Consultation on Review of existing VAT legislation on public bodies and tax exemptions in the public interest Brussels,25 April 2014 1. Introduction RESPONSE TO CONSULTATION Ref: 2014/AD/P6639 Identification
More informationVAT Notice 749: local authorities and similar bodies
Item 3.7b VAT Notice 749: local authorities and similar bodies Updated 8 February 2016 {web date] Contents Foreword 1. Introduction 2. Which activities of public bodies are business or non business 3.
More informationCOMMISSION OF THE EUROPEAN COMMUNITIES. Amended proposal for a COUNCIL DIRECTIVE
COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 8.7.2004 COM(2004) 468 final 2003/0091 (CNS) Amended proposal for a COUNCIL DIRECTIVE amending Directive 77/388/EEC as regards value added tax on services
More information- Observation of competitiveness rule which is to ensure the same taxation rules apply for all taxpayers in the Member States.
The Tax on Goods and Services(VAT) Introduction VAT was introduced in Poland in 1993. Since 1 May 2004 it has been harmonized with the common system of VAT binding in the Member States of the European
More informationVAT Package Yannick Zeippen, Jacques Verschaffe! promoculture. larcier
VAT Package 2010-2015 Yannick Zeippen, Jacques Verschaffe! 3 O
More informationProposal for a COUNCIL DIRECTIVE. amending Directive 2006/112/EC as regards rates of value added tax. {SWD(2018) 7 final} - {SWD(2018) 8 final}
EUROPEAN COMMISSION Brussels, 18.1.2018 COM(2018) 20 final 2018/0005 (CNS) Proposal for a COUNCIL DIRECTIVE amending Directive 2006/112/EC as regards rates of value added tax {SWD(2018) 7 final} - {SWD(2018)
More informationSUMMARY OF RESULTS PUBLIC CONSULTATION ON FINANCIAL AND INSURANCE
EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration VAT and other turnover taxes SUMMARY OF RESULTS PUBLIC CONSULTATION ON FINANCIAL AND INSURANCE
More informationCOMMISSION OF THE EUROPEAN COMMUNITIES. Amended proposal for a COUNCIL DIRECTIVE
COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 20.7.2005 COM(2005) 334 final 2003/0329 (CNS) Amended proposal for a COUNCIL DIRECTIVE amending Directive 77/388/EEC as regards the place of supply of services
More information* DRAFT REPORT. EN United in diversity EN. European Parliament 2016/0370(CNS)
European Parliament 2014-2019 Committee on Economic and Monetary Affairs 2016/0370(CNS) 23.5.2017 * DRAFT REPORT on the proposal for a Council directive amending Directive 2006/112/EC and Directive 2009/132/EC
More informationREPORT ON THE OUTCOME OF THE CONSULTATION ON ''SIMPLIFICATION OF VAT COLLECTION PROCEDURES IN RELATION TO CENTRALIZED CUSTOMS CLEARANCE"
Ref. Ares(2011)164053-15/02/2011 EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration VAT and other turnover taxes Brussels, January 2011 KV/am taxud.c.1
More informationQuestions and Answers: Value Added Tax (VAT)
MEMO/11/874 Brussels, 6 December 2011 Questions and Answers: Value Added Tax (VAT) 1. General background What is VAT? VAT is a consumption tax, charged on most goods and services traded for use or consumption
More informationProposal for a COUNCIL DIRECTIVE
EUROPEAN COMMISSION Brussels, 18.1.2018 COM(2018) 21 final 2018/0006 (CNS) Proposal for a COUNCIL DIRECTIVE amending Directive 2006/112/EC on the common system of value added tax as regards the special
More informationIntegrated text of Council Directive 2006/112/EC on the common system of value added tax (the Recast VAT Directive)
Integrated text of Council Directive 2006/112/EC on the common system of value added tax (the Recast VAT Directive) Preambles Directive 2006/112/EC VAT Directive (recast) Council Directive 2006/138/EC
More informationOfficial Journal of the European Union L 44/11 DIRECTIVES
20.2.2008 Official Journal of the European Union L 44/11 DIRECTIVES COUNCIL DIRECTIVE 2008/8/EC of 12 February 2008 amending Directive 2006/112/EC as regards the place of supply of services THE COUNCIL
More information* DRAFT REPORT. EN United in diversity EN. European Parliament 2018/0006(CNS)
European Parliament 2014-2019 Committee on Economic and Monetary Affairs 2018/0006(CNS) 17.5.2018 * DRAFT REPORT on the proposal for a Council directive amending on the common system of value added tax
More informationCross-Border Consumption Taxation of Digital Supplies
Cross-Border Consumption Taxation of Digital Supplies Sample excerpt Abstract Consumption taxes such as value added tax (VAT) or goods and services tax (GST) are an important revenue source for several
More informationOPINION OF MR ADVOCATE GENERAL VAN GERVEN delivered on 24 April 1991 *
P01.Y5AR INVESTMENTS NETHERLANDS OPINION OF MR ADVOCATE GENERAL VAN GERVEN delivered on 24 April 1991 * Mr President, Members of the Court, 1. Polysar Investments Netherlands B. V. (hereinafter 'Polysar'),
More informationEUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax Administration Value Added Tax VEG N O 057
EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax Administration Value Added Tax VAT Expert Group 14 th meeting 19 September 2016 taxud.c.1(2016)5532134 EN Brussels,
More informationThere have been many changes in the world of VAT over the past year, including the following:
There have been many changes in the world of VAT over the past year, including the following: Changes to the VAT on property legislation Draft Consolidated VAT Act ECJ case law including Swiss Re relating
More informationStefan Lehner Director European Commission Directorate-General for Budget Presentation for the HLG on OR 23 March 2015
An own resource based on VAT Stefan Lehner Director European Commission Directorate-General for Budget Presentation for the HLG on OR 23 March 2015 1 Why VAT? In general, Value added tax (VAT) is visible,
More informationDIRECTIVES. Having regard to the Treaty on the Functioning of the European Union, and in particular Article 113 thereof,
29.12.2017 L 348/7 DIRECTIVES COUNCIL DIRECTIVE (EU) 2017/2455 of 5 December 2017 amending Directive 2006/112/EC and Directive 2009/132/EC as regards certain value added tax obligations for supplies of
More informationOpinion Statement FC 9/2017. European Commission Proposals on the way towards a single European VAT area
Opinion Statement FC 9/2017 on European Commission Proposals on the way towards a single European VAT area Prepared by the CFE Fiscal Committee Submitted to the European Institutions on 1 December 2017
More informationCOMMISSION OF THE EUROPEAN COMMUNITIES. Proposal for a COUNCIL DIRECTIVE
COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 7.11.2007 COM(2007) 677 final 2007/0238 (CNS) Proposal for a COUNCIL DIRECTIVE amending VAT Directive 2006/112/EC of 28 November 2006 on the common system
More informationDelegations will find in the Annex a Presidency compromise on the abovementioned proposal.
Council of the European Union Brussels, 29 November 2018 (OR. en) Interinstitutional File: 2018/0073(CNS) 14886/18 FISC 511 ECOFIN 1149 DIGIT 239 NOTE From: To: Presidency Council No. Cion doc.: 7420/18
More informationVAT FOR ARTISTS IN AN INTERNATIONAL CONTEXT
Tax Advisers VAT FOR ARTISTS IN AN INTERNATIONAL CONTEXT Dr. Dick Molenaar 2017 Rotterdam, the Netherlands www.allarts.nl VAT FOR ARTISTS IN AN INTERNATIONAL CONTEXT 1. INTRODUCTION Activities of artists
More informationIf you have hearing difficulties, please ring the Textphone service on
Foreword This notice cancels and replaces Notice 749 (April 2000). Details of any changes to the previous version can be found in paragraph 1.1 of this notice. Further help and advice If you need general
More informationRestructuring public expenditure: challenges and achievements
ECONOMIC POLICY COMMITTEE Brussels, 16 January 2006 ECFIN/EPC(2005)REP/55529 final Restructuring public expenditure: challenges and achievements 1. Background Key issues on the quality of public finances
More informationStéphane Buydens VAT Policy Advisory Consumption Taxes Unit OECD 2, rue André Pascal Paris France. 24 September 2012
Stéphane Buydens VAT Policy Advisory Consumption Taxes Unit OECD 2, rue André Pascal 75775 Paris France 24 September 2012 Comments on OECD International VAT/GST Guidelines Draft Commentary on the International
More informationThis is an unofficial translation
Federal Decree-Law No. (8) of 2017 on Value Added Tax We, Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates, Having reviewed the Constitution, Federal Law No. (1) of 1972 on the Competencies
More informationPSD I and PSD II Presentation Global Money Transfer Summit 2013
PSD I and PSD II Presentation Global Money Transfer Summit 2013 29-30 October 2013 Structure of the presentation PSD I: Impact PSD II: Overview of main proposed changes Assessment of proposed changes relative
More informationCONSOLIDATED TO 1 DECEMBER 2014 LAWS OF SEYCHELLES
CONSOLIDATED TO 1 DECEMBER 2014 LAWS OF SEYCHELLES VALUE ADDED TAX ACT [1st January, 2013] Act 35of 2010 Act 3 of 2012 Act 13 of 2012 S.I. 62 of 2012 S.I. 65 of 2012 S.I. 33 of 2013 S.I. 34 of 2013 S.I.
More informationCOMMENTS ON OECD GUIDELINES ON PLACE OF TAXATION FOR BUSINESS- TO-CONSUMER SUPPLIES OF SERVICES AND INTANGIBLES
Mr Piet Battiau Head of Consumption Taxes Unit OECD Centre for Tax Policy and Administration E-email: piet.battiau@oecd.org Date 20 February 2015 Dear Piet COMMENTS ON OECD GUIDELINES ON PLACE OF TAXATION
More informationWORKING PAPER. Brussels, 15 February 2019 WK 2235/2019 INIT LIMITE ECOFIN FISC
Brussels, 15 February 2019 WK 2235/2019 INIT LIMITE ECOFIN FISC WORKING PAPER This is a paper intended for a specific community of recipients. Handling and further distribution are under the sole responsibility
More informationNews Flash China Tax and Business Advisory. May 2016 Issue 16. In brief. In detail.
ews Flash China Tax and Business Advisory Administrative measures for VAT exemption on cross-border under the B2V Pilot Program detailed preferential policy conditions and standardised record filing procedure
More informationThis guide introduces the major taxes applicable to foreign investors doing business in China and outlines recent legislative developments.
TAXATION This guide introduces the major taxes applicable to foreign investors doing business in China and outlines recent legislative developments. Income taxes Enterprise income tax Historically, one
More informationCouncil of the European Union Brussels, 28 November 2017 (OR. en)
Council of the European Union Brussels, 28 November 2017 (OR. en) Interinstitutional File: 2016/0370 (CNS) 14126/17 LEGISLATIVE ACTS AND OTHER INSTRUMTS Subject: FISC 256 ECOFIN 922 UD 257 COUNCIL DIRECTIVE
More informationCOMMISSION STAFF WORKING DOCUMENT. Accompanying document to the GREEN PAPER. on the future of VAT
EN EN EN EUROPEAN COMMISSION Brussels, 1.12.2010 SEC(2010) 1455 final COMMISSION STAFF WORKING DOCUMENT Accompanying document to the GREEN PAPER on the future of VAT Towards a simpler, more robust and
More informationGreen Taxation: a contribution to sustainability
Green Taxation: a contribution to sustainability The European Semester and Green Tax Reforms (environmental taxation and the removal of environmental Harmful subsidies) - a Contribution to the wider fiscal
More informationValue add tax - VAT EU AND VAT. Added value. VAT = consumption tax on the supply of goods and services
Value add tax - VAT PhD. Anto Bajo Faculty of Economics and Business, University of Zagreb EU AND VAT VAT = consumption tax on the supply of goods and services European Union: free movement of goods and
More informationPublic Consultation on the Definitive VAT system for Business to Business (B2B) intra-eu transactions on goods.
Contribution ID: f9885e24-630d-46d3-9e3f-c0658d9e11a5 Date: 20/03/2017 11:31:41 Public Consultation on the Definitive VAT system for Business to Business (B2B) intra-eu transactions on goods. Fields marked
More informationIntroduction. Choose the language your prefer.
The United Arab Emirates Federal Decree-Law No. (8) of 2017 on the Value Added Tax Law August 2017 Introduction This document is an English version of The United Arab Emirates Federal Decree-Law No. (8)
More informationSummary Report Responses to the public consultation on the special scheme for small enterprises under the VAT Directive
EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration Value added tax Brussels, 11 Apr. 17 taxud.c.1(2017) 2171823 Summary Report Responses to the
More informationTitle [X] - TRADE IN SERVICES, INVESTMENT AND E-COMMERCE
Disclaimer: The negotiations between EU and Japan on Economic Partnership Agreement have not been concluded yet. Therefore, the whole texts are also still under negotiations and not finalised. However,
More informationFair taxation of the digital European Commission DG TAXUD. economy
Fair taxation of the digital European Commission DG TAXUD economy The issue at stake Difficulty to tax/ opportunities for tax avoidance Lack of a level playing field and distortion of competition Less
More informationMalta Institute of Taxation Professional Certificate in Taxation 2016/2017
THEME FOUR 4. (a) The VAT Act brings within the scope of Malta VAT Supplies made by a taxable person acting as such. Examine the concept of a taxable person for VAT purposes. (b) The rules in the Third
More informationUAE VAT GUIDE. NVENTEQ SOLUTIONS FZC NVENTEQ SOLUTIONS FZC For Informational Purposes Only
UAE VAT GUIDE NVENTEQ SOLUTIONS FZC www.nventeq.com TABLE OF CONTENTS BUSINESS IMPACT... 3 VAT FLOW... 4 ACCOUNTING TREATMENT... 5 NATURE OF SUPPLIES... 6 EXAMPLE OF VAT DUE CALCULATION... 7 COMMON STANDARD
More informationTAXREP 22/14 (ICAEW REPRESENTATION 56/14)
TAXREP 22/14 (ICAEW REPRESENTATION 56/14) ICAEW TAX REPRESENTATION REVIEW OF EXISTING VAT LEGISLATION ON PUBLIC BODIES AND TAX EXEMPTIONS IN THE PUBLIC INTEREST ICAEW welcomes the opportunity to comment
More informationVAT Tax Evasion. Measures undertaken by the Portuguese Government. The Brussels Tax Forum th of November, 2013
VAT Tax Evasion Measures undertaken by the Portuguese Government The Brussels Tax Forum 2013 18 th of November, 2013 Agenda European context Measures undertaken by the Portuguese Government to curb tax
More informationThe Commission s Study on Company
HOME STATE TAXATION VS. COMMON BASE TAXATION jurisdictions by an automatic formula, and taxed at the national tax rates, which member states will continue to establish themselves. A comprehensive solution
More informationProposal for a COUNCIL DIRECTIVE. amending Directive 2006/112/EC on the common system of value added tax, as regards the treatment of vouchers
EUROPEAN COMMISSION Brussels, XXX [ ](2012) XXX draft Proposal for a COUNCIL DIRECTIVE amending Directive 2006/112/EC on the common system of value added tax, as regards the treatment of vouchers EN EN
More informationREPUBLIC OF CROATIA CROATIAN COMPETITION AGENCY ANNUAL REPORT. on State Aid for 2007
REPUBLIC OF CROATIA CROATIAN COMPETITION AGENCY ANNUAL REPORT on State Aid for 2007 (English summary) November 2008 CONTENTS 1. INTRODUCTION 3 2. STATE AID IN 2007 5 2.1. Categories of state aid 9 2.2.
More informationAre you ready for Chinese Value Added Tax?
Are you ready for Chinese Value Added Tax? April 26, 2012 Welcome 1 April 26, 2012 1 Awarding CPE To receive CPE credit One person per computer Must stay connected for at least 50 minutes and answer each
More informationVAT and the Digital Economy
VAT and the Digital Economy Overview of Policy Donato Raponi General Context Digital Single Market Strategy one of the Top 10 objectives of the Juncker Commission. VAT identified by business as one of
More informationCommon (Consolidated) Corporate Tax Base A Personal View
Common (Consolidated) Corporate Tax Base A Personal View Christoph Spengel, University of Mannheim / ZEW IFA Austria,, Vienna Agenda 1. C(C)CTB: Institutional Background and Re-Launch 2016 2. Quantitative
More informationEU VAT FORUM INTERIM REPORT OF THE SUB-GROUP ON CROSS- BORDER RULINGS (CBR) DECISIONS OF THE EU VAT FORUM ON THE
EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration Tax administration and fight against tax fraud Brussels 27 June 2014 taxud.c.4/(2014)2061860rev
More informationCOMMISSION OF THE EUROPEAN COMMUNITIES. Proposal for a COUNCIL DIRECTIVE
EN EN EN COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, YYY COM(2007) AAA final 2007/BBB (CNS) Proposal for a COUNCIL DIRECTIVE amending Directive 2006/112/EC on the common system of value added tax,
More informationSection 2: Schedule of Costa Rica
Section 2: Schedule of Costa Rica Modes of supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence I. HORIZONTAL COMMITMENTS ALL SECTORS AND SUBSECTORS INCLUDED IN THIS SCHEDULE
More informationTable of Contents. Part 1 General Section
About the Editor Foreword v XV Part 1 General Section About this Guide 1-3 Background to the VAT in Europe 2-1 A. Principles of the VAT 2-2 B. VAT in the European Community 2-4 C. The European Union and
More informationContact: David Holmes, Tel: +33 (0) ; Fax: +33 (0)
For Official Use DAFFE/CFA(2003)43/ANN5 DAFFE/CFA(2003)43/ANN5 For Official Use Organisation de Coopération et de Développement Economiques Organisation for Economic Co-operation and Development 12-Jun-2003
More informationMechanisms for the Effective Collection of VAT/GST WHERE THE SUPPLIER IS NOT LOCATED IN THE JURISDICTION OF TAXATION
Mechanisms for the Effective Collection of VAT/GST WHERE THE SUPPLIER IS NOT LOCATED IN THE JURISDICTION OF TAXATION Mechanisms for the Effective Collection of VAT/GST When the Supplier Is Not Located
More informationTAX RATES AND ALLOWANCES The following tax rates and allowances are to be used in answering the questions.
Fundamentals Level Skills Module Taxation (China) Tuesday 3 June 2014 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FIVE questions are compulsory and MUST be attempted. Tax rates and
More information"The environmental assessment of plans, programmes and projects under the EU environmental legislation: successes failures prospects"
"The environmental assessment of plans, programmes and projects under the EU environmental legislation: successes failures prospects" EUFJE, Warsaw, 14 October 2011 Marianne Wenning Director Legal Affairs
More informationEU sugar sector: Facts and figures
MEMO/04/177 Brussels, 14 July 2004 EU sugar sector: Facts and figures Today, the European Commission tabled a radical overhaul of the EU sugar regime (for details on the reform proposal see IP/04/915).
More informationSCHEDULE OF THE REPUBLIC OF CHINA (TAIWAN) All sectors. National Treatment (Article 10.03)
Obligations Concerned: All sectors National Treatment (Article 10.03) Measures: Article 17, 18 and 19 of Land Law of October 31, 2001 Investment Land used for forests reserves, aquaculture, hunting reserves,
More informationCOMMISSION STAFF WORKING DOCUMENT EXECUTIVE SUMMARY OF THE IMPACT ASSESSMENT. Accompanying the document. Commission Recommendation
EUROPEAN COMMISSION Brussels, 12.3.2014 SWD(2014) 62 final COMMISSION STAFF WORKING DOCUMENT EXECUTIVE SUMMARY OF THE IMPACT ASSESSMENT Accompanying the document Commission Recommendation on a new approach
More informationChapter 16 Indirect Taxation
Chapter 16 Indirect Taxation www.pwc.com/mt/doingbusiness Doing Business in Malta INDIRECT TAXES IN MALTA Value added tax (VAT) is charged on supplies of goods and services made in Malta, on intra-community
More informationITEM 11b PUBLIC EXPENDITURE ON CULTURE
EUROPEAN COMMISSION EUROSTAT Directorate F: Social statistics Unit F-1: Social indicators - methodology and development; relations with users Doc. CS/2016/November/11b ITEM 11b PUBLIC EXPENDITURE ON CULTURE
More informationTax Analysis. MOF and SAT Announced Detailed Rules for VAT Reform Rollout to Cover All Industries. China. Deloitte Tohmatsu Tax Co.
Tax Analysis China Deloitte Tohmatsu Tax Co. March 24, 2016 MOF and SAT Announced Detailed Rules for VAT Reform Rollout to Cover All Industries On 23 March 2016, the Ministry of Finance (MOF) and the State
More informationIntegrated text of Council Directive 2006/112/EC on the common system of value added tax
Integrated text of Council Directive 2006/112/EC on the common system of value added tax Title I Subject Matter and Scope Article 1 [Subject] 1. This Directive establishes the common system of value added
More informationCommon VAT Agreement of the States of the Gulf Cooperation Council (GCC)
Common VAT Agreement of the States of the Gulf Cooperation Council (GCC) The Member States of the Gulf Cooperation Council (GCC), namely: The United Arab Emirates, The Kingdom of Bahrain, The Kingdom of
More informationAUTUMN BUDGET 2017: FUTURE TAX CHANGES
AUTUMN BUDGET 2017: FUTURE TAX CHANGES The following briefing contains a summary of all tax policy measures which were announced yesterday at Autumn Budget 2017 for inclusion in a later Bill. Autumn Budget
More informationVAT: Obligations and Opportunities. WK Accountants Forum Amersham 22 September 2015
VAT: Obligations and Opportunities WK Accountants Forum Amersham 22 September 2015 Topics to be Covered VAT Registration Obligation to register Opportunity to register voluntarily VAT Liability of Income
More informationEU monitoring of tax legislations of the Member States
EU monitoring of tax legislations of the Member States Luisa-Maria ȚIVRIȘI, Legal officer European Commission Taxation & Customs Union DG - Direct taxation Control of the application of EU law and state
More informationWorkshop 1 Taxation: European Harmonisation? Friday 8th September 2006
Workshop 1 Taxation: European Harmonisation? Friday 8th September 2006 9:00 to 10:30 Facilitator: Stefano Marchese, FEE Vice-President & Direct Tax Working Party Chairman Workshop 1 Taxation: European
More informationTrade in Services Division World Trade Organization
Trade in Services Division World Trade Organization Issues to be addressed: What is a schedule? What is in a schedule? How should a schedule be formulated? List approach Format Terminology What are the
More informationGLOBAL INDIRECT TAX. Sweden. Country VAT/GST Essentials. kpmg.com TAX
GLOBAL INDIRECT TAX Sweden Country VAT/GST Essentials kpmg.com TAX b Sweden: Country VAT/GST Essentials Sweden: Country VAT/GST Essentials Contents Scope and Rates 2 What supplies are liable to VAT? 2
More informationPress Conference by European Commissioner for Taxation and Customs. László Kovács. "A new customs environment to face globalisation challenges"
Press Conference by European Commissioner for Taxation and Customs László Kovács "A new customs environment to face globalisation challenges" Brussels, Wednesday 30 November 2005 SPEECH (Slide 1) (Introduction)
More informationTools for the Efficient and Sustainable Management of Natural Resources
Tools for the Efficient and Sustainable Management of Natural Resources OECD Green Growth and Sustainable Development Forum 23 November 2012, Paris Manfred Rosenstock DG Environment, European Commission
More informationReports of Cases. JUDGMENT OF THE COURT (Third Chamber) 12 October 2016 *
Reports of Cases JUDGMENT OF THE COURT (Third Chamber) 12 October 2016 * (Reference for a preliminary ruling Taxation Value added tax Sixth Directive 77/388/EEC Article 4(1) and (4) Directive 2006/112/EC
More informationAn Over view of K or ea s V AT system
2010. 10. 21 Agenda. Assessment of Korea s VAT regime. Success factors. Korea s policy direction of VAT regime . Assessment of Korea s VAT regime An overview of Korea s VAT The purpose of introducing VAT
More informationRepublika e Kosovës Republika Kosovo-Republic of Kosovo Kuvendi - Skupština - Assembly
Republika e Kosovës Republika Kosovo-Republic of Kosovo Kuvendi - Skupština - Assembly LAW Nr.03/L- 146 Assembly of Republic of Kosovo, ON VALUE ADDED TAX In support of Article 65(1) of the Constitution
More informationJUDGMENT OF THE COURT (Third Chamber) 3 March 2005 *
JUDGMENT OF 3. 3. 2005 CASE C-32/03 JUDGMENT OF THE COURT (Third Chamber) 3 March 2005 * In Case C-32/03, REFERENCE for a preliminary ruling under Article 234 EC from the Højesteret (Denmark), made by
More informationVAT e-commerce package of 5 December The Import scheme
VAT e-commerce package of 5 December 2017 The Import scheme 26 February 2018 VAT Expert Group VAT e-commerce package of 5 December 2017 Package of 3 legal acts (OJ L 348 of 29.12.2017): Council Directive
More informationUK Customs White Paper
UK Customs White Paper This White Paper, issued on 9 th October by HM Treasury, sets out the government s approach to legislating for a future customs regime, and to creating a framework that supports
More informationModels for Services Negotiation in RTA/FTA: Options for Developing Countries
2006/SOM1/CTI/FTA-RTA/009 Models for Services Negotiation in RTA/FTA: Options for Developing Countries Submitted by: USA APEC Workshop on Best Practices in Trade Policy for RTAs/FTAs: Practical Lessons
More informationWorking Group Social Protection
EUROPEAN COMMISSION EUROSTAT Directorate F: Social statistics Unit F-5: Education, health and social protection Luxembourg, 11 March 2015 DOC SP-2015-10 https://circabc.europa.eu/w/browse/3087d703-6c73-4df2-aa29-8c9cb78adf9e
More informationIN FAVOUR OF TRUE TAX REFORM: LOWER TAXES, HIGHER RATES OF SAVING AND GREATER COMPETITIVENESS Álvaro Nadal
03/05/2006 Nº 29 ECONOMICS IN FAVOUR OF TRUE TAX REFORM: LOWER TAXES, HIGHER RATES OF SAVING AND GREATER COMPETITIVENESS Álvaro Nadal Secretary for Economic Affairs and Employment of the Partido Popular,
More informationVAT in the European Community APPLICATION IN THE MEMBER STATES, FACTS FOR USE BY ADMINISTRATIONS/TRADERS INFORMATION NETWORKS ETC...
VAT in the European Community APPLICATION IN THE MEMBER STATES, FACTS FOR USE BY ADMINISTRATIONS/TRADERS INFORMATION NETWORKS ETC... Note This document collates a range of basic information on the application
More informationAppendix IV: Purpose of Payment Codes (IDR)
Appendix IV: Purpose of Payment Codes (IDR) LIST OF PURPOSE S FOR RECEIPT PURPOSES IN INDONESIA MERCHANDISE S 01. Exports/Imports a. Exports, f.o.b. Shipment of merchandise out of Indonesia b. Refunds
More informationVALUE ADDED TAX COMMITTEE (ARTICLE 398 OF DIRECTIVE 2006/112/EC) WORKING PAPER NO 838
EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration Value added tax taxud.c.1(2015)565227 EN Brussels, 5 February 2015 VALUE ADDED TAX COMMITTEE
More informationAlternative method of VAT collection Response by the Chartered Institute of Taxation
Alternative method of VAT collection Response by the Chartered Institute of Taxation 1 Introduction 1.1 The Chartered Institute of Taxation (CIOT) is pleased to set out its comments in relation to the
More informationProposal for a COUNCIL DIRECTIVE. amending Directive 2006/112/EC, as regards rates of value added tax applied to books, newspapers and periodicals
EUROPEAN COMMISSION Brussels, 1.12.2016 COM(2016) 758 final 2016/0374 (CNS) Proposal for a COUNCIL DIRECTIVE amending Directive 2006/112/EC, as regards rates of value added tax applied to books, newspapers
More informationPAPER IIIB EUROPEAN UNION OPTION
THE ADVANCED DIPLOMA IN INTERNATIONAL TAXATION December 2014 PAPER IIIB EUROPEAN UNION OPTION PRINCIPLES OF CORPORATE AND INTERNATIONAL TAXATION SUGGESTED SOLUTIONS Question 1 In several occasions, the
More informationSpeech at the International tax symposium "Dynamics of International Tax Competition: Opportunity or Threat?"
Speech at the International tax symposium "Dynamics of International Tax Competition: Opportunity or Threat?" Tax policy coordination for more growth and employment the EU agenda Introduction Ladies and
More informationASPECTS OF TAXATION OF CIGARETTES IN THE EUROPEAN UNION
ASPECTS OF TAXATION OF CIGARETTES IN THE EUROPEAN UNION Petr David Mendel University Brno, Czech Republic, david@mendelu.cz Abstract Method of taxation of cigarettes in the European Union brings also many
More informationThe Growth and Investment Tax Plan
Chapter Seven The Growth and Investment Tax Plan Courtesy of Marina Sagona The Panel evaluated a number of tax reform proposals that would shift our current income tax system toward a consumption tax.
More informationSection 1: General Definitions and Provisions Section 2: Supplies within Tax Scope Section 3: Place of Supply Chapter 1: Place of Goods Supply
GCC VAT Framework 1 Contents Section 1: General Definitions and Provisions... 6 Article 1: Definitions... 6 Article 2: Tax Scope... 8 Article 3: The Calculation of Tax Periods... 8 Article 4: Tax Group...
More informationCOMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL
EUROPEAN COMMISSION Brussels, 21.3.2018 COM(2018) 146 final COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL Time to establish a modern, fair and efficient taxation standard
More informationTHE EU STATE AID REGIME: AN OVERVIEW
THE EU STATE AID REGIME: AN OVERVIEW 1. Introduction The starting point of European Union State aid policy is that aid given by individual EU Member States to industrial and commercial undertakings is
More information