VAT deduction on the services linked to the sale of shares: positive arrest of the Court of Appeal
The sale of shares is exempt from VAT and therefore the VAT authorities generally reject the VAT deduction on the costs linked to such sale. This position was moderated by the CJEU (Skatteverket c/ AB SKF Case, C-29/08), who confirmed that there is a right to deduct input VAT on the costs related to a
VAT quarterly advance payments shall be abolished as from 1 April 2017
In the context of a simplification of the Belgian VAT compliance, the Belgian Finance Minister has announced the abolishment of the mandatory monthly advance payments on VAT for quarterly VAT declarants. The Royal Decree will be published shortly and should take effect as from 1 April 2017. Background Currently, quarterly VAT declarants are subject to
Commission proposes new VAT rules to support e-commerce and online businesses in the EU
Yesterday, the EU Commission has introduced a series of proposals to simplify the VAT rules for e-commerce and reduce compliance on online sales of goods. The proposals include: Broadening of the One-Stop-Shop system to companies selling goods online (distance sales); Thresholds for cross-border sales of electronic services; Removal of the VAT exemption for small value
VAT on directors fees – new detailed guidelines
In a previous newsflash, we informed you that a company acting as a director (or a liquidator etc.) will no longer be able to invoice its director fees outside the scope of VAT. The entry into force of this decision has been repeatedly delayed. On 30 March 2016, the Belgian VAT Administration published comprehensive guidelines on
Have you considered the VAT impact when dealing with Transactions?
In today’s tax world, considering VAT in a timely manner is key to limiting the negative impact it can have on your transaction budget. VAT on transactions can lead to either VAT savings or a VAT burden depending on various factors. Recent developments in EUCJ case law that allows VAT deduction for active management holding
VAT on directors’ fees: application as from 1 April instead of 1 January 2016
The Belgian VAT authorities have decided to abolish the tolerance for companies acting as directors to carry out their services without charging VAT. In practice this means that a company will not be able to charge directors’ fees without charging VAT. It has now been announced that the tolerance will be abolished as from 1
Sveda case: Can a Baltic mythology park trigger an important EUCJ judgment on VAT deduction ?
The EUCJ is sometimes taking key positions in an improbable context. This is such a case ! The VAT deduction on the construction of a Baltic mythology recreational park has been rejected, as the park is only having limited VAT taxable output linked to its souvenir shop, but the access to the park, whose construction was 90%
New administrative VAT decision: Travel package and insurance services – Impact for Belgian lease industry
The Belgian VAT authorities have published a new administrative decision clarifying the VAT treatment of offerings by travel agencies consisting of both travel services and insurance services, based on the ‘old’ CJEU case BGZ Leasing of 2011 (C-224/11). These guidelines adjust the initial viewpoint of the Belgian VAT authorities to the CJEU case BGZ Leasing
