VAT reform in the EU : VIDA approval delayed
The vote of the ECOFIN on the European VAT reform was expected on Tuesday 14/05. Blocked by one of the member states, the reform will need a new agreement. The updated version of the reform […]
VAT refund in Switzerland : non-registered foreign companies
Foreign companies can recover the Swiss VAT incurred on their business expenses in Switzerland. In absence of the Swiss VAT registration, the VAT reclaim can be done on a yearly basis, within 6 months following […]
VAT recovery in Europe : non-EU companies urged to claim VAT by June 30
The 13th European Directive entitles companies established outside the EU to claim back the VAT paid on business related expenses. The VAT refund can be granted to companies fulfilling specific requirements : Difficulties Even though […]
Fiscal history of books : reduced EU VAT rates
On this World Book Day, we go through the recent ruling from the French tax administration clarifying the VAT rate applicable to certain works with an incidental editorial contribution, such as the elements of an […]
World Art Day 2024 : arts and taxes
On the 15th of April are celebrated the fine arts, in honour of the day of birth of Leonardo Da Vinci. Since its establishment in 2012 by the International Association of Art, the event deems […]
Japan Tax Reform 2024 : JCT impact on foreign companies & digital platforms
Proposed in December 2023, the Japan’s Tax reform has been voted by the Diet on March 28. Besides changes in Corporate and International Taxation, the reform modifies the liabilities for Japanese Consumption Tax which can […]
Bosnia and Herzegovina : VAT recovery before the EU accession
An official candidate country since December 2022, Bosnia and Herzegovina moved one step closer to the EU accession in March 2024. Based on the reported progress in meeting the membership criteria, the Commission has recently recommended […]
VAT refund in Gulf countries : UAE – Saudi Arabia – Bahrain – Oman
Established in 1981, the Gulf Cooperation Council is a political and economic union of six Arab states of the Persian Gulf: United Arab Emirates, Saudi Arabia, Bahrain, Oman, Kuwait and Qatar. Due to the historically low oil […]
Major EU VAT fraud : estimated amounts for 2023
Published on 01/03/2024, the annual report of the European Public Prosecutor’s Office (EPPO) estimates €11.5 billion financial damage linked to the cross-border EU VAT fraud, with 339 active investigations. This amount represents a significant increase compared […]
Worldwide VAT reclaim agenda 2024
Reudcing costs of your business purchases abroad Companies purchasing goods and services abroad or engaging non-domestic travel expenses often pay foreign VAT charged by suppliers of different countries. This foreign VAT can be claimed back […]
