VAT: New VAT regime for incorporated company directors and liquidators postponed till 1 January 2016
Further to our previous alert on the new VAT regime for incorporated company directors and liquidators (click link), the Minister of Finance has decided to postpone the date of application of its VAT Decision No. ET 125.180 (click link for Dutch / French) till 1 January 2016. This new effective date will be subject to
VAT : incorporated company directors and liquidators subject to normal VAT rules
Services rendered by incorporated company directors and liquidators will be subject to VAT as from 1 January 2015. This stems from the fact that the former tolerance to opt for non-taxation will be cancelled as per 1 January 2015. This may have consequences for entities without a full VAT deduction right and for which services
VAT: Advance invoicing – ultimate regulations Belgian VAT authorities
The Belgian VAT authorities recently published a new administrative decision with regard to the new definitif advance invoicing rules coming into force on 1 January 2015. This new decision brings an end to the transitional measures applicable from 1 January 2013 till 31 January 2014. The new final rules provide some interesting tolerance on the legal principles related to advance
Court of Appeal: VAT reverse charge – Penalties
A recent court case of the Brussels Court of Appeal again shows how expensive it can be for businesses not to apply the reverse charge and thereby not self-account for the VAT due on incoming invoices. Indeed, the Court ruled that proportional penalties are applicable even in the case where the VAT was fully deductible
Transfer of own goods between VAT warehouses
The Belgian VAT authorities recently published a new administrative decision (applicable as from 1 September 2014) stating that the transfer of own goods from one VAT warehouse to another can, under certain conditions, occur under the application of the Belgian VAT warehouse regime and that no VAT regularisation is required. This new position could be
VAT group: head office/branch transactions – Skandia CJEU case
On 17 September 2014, the Court of Justice of the European Union (CJEU) rendered its decision in Skandia America Corporation (case C-7/13) regarding the question whether transactions between a head office and its branch are vat’able if the branch is part of a VAT group. The Court gave a short and clear-cut answer. A VAT
ECJ Decision (K Oy): VAT rate for non-printed books
On 11 September 2014, the Court of Justice of the European Union (ECJ) gave its decision in K Oy (case C-219/13) regarding the question whether reduced rates for books published in paper form should equally be applied to books published on another physical medium, or whether different VAT rates can be justified. The Court has
OECD releases global standard for automatic exchange of tax information
Starting in 2012, political interest has increasingly focused on the opportunities provided by an automatic exchange of information between tax authorities. On 6 September 2013, the G20 Leaders committed to the automatic exchange of information as the new global standard and fully supported the OECD work for developing a single standard for automatic exchange of
