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 […]
UK distance sales : VAT regulations 2024 and related (I)OSS changes
Starting from March 1st , 2024, the distance sales of goods shipped from Great Britain (England, Scotland and Wales) or from the Isle of Man to Northern Ireland will be considered as local sales within […]
VAT case law : VAT deduction by non-established taxpayers
A recent decision Nr. 466004 of the French Council of State confirms the primacy of substantive requirements over formal requirements for the deduction of input VAT under common law conditions. Case summary / Eaton Industries […]
Nice Carnival 2024
The biggest carnival of France takes place this year between February 17 and March 3. This 139th edition is dedicated to the pop culture. Day and night parades, animations and festivities attract residents of French […]
Import VAT : cross-border shipments
Despite the increasing development of telecommunications, we are still sending letters, postcards or personal packages on occasion of some special events. The shipments are much more common in the business world: The impact of VAT […]
