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Separating intra-community self-supplies from temporary transfers of goods

The separation of a (taxable) intra-Community self-supply from a (non-taxable) temporary transfer of goods is of high practical importance. Often this decides if there is an obligation to VAT register in another EU member state. The ECJ (judgment of March 6 2014 – C-606/12 and C-607/12 – Dresser-Rand SA) has now decided on the conditions according to article 17 paragraph 2 letter f of the VAT Directive. Christian Salder of KÜFFNER MAUNZ LANGER ZUGMAIER reports.

April 01 2014

Slovenian VAT rise not likely to be temporary

Slovenia is bringing in a VAT increase later this year. The government says it will be temporary, but that is unlikely.

Salman Shaheen, April 01 2014

Wyden tackles extender provisions

Ron Wyden, Senate Finance Committee chairman, has released a tax extenders Bill. Business lobbyists will be delighted that extender provisions (various tax breaks that expired at the end of last year) are receiving attention sooner rather than later, while House Republicans may view this as a blow to their hopes for comprehensive action on tax reform.

Matthew Gilleard, April 01 2014

Revised Indian DTC takes aim at Vodafone-style transactions

The Indian government has released a revised version of the Direct Taxes Code (DTC) for public comment. One provision that stands out is aimed at bringing indirect share transfer transactions into the tax net.

Matthew Gilleard, April 01 2014

BEPS and its interraction between TP and indirect tax

The potential impact of the OECD’s BEPS project on indirect tax is a topic that has been overshadowed, with discussions focusing on intangibles and country-by-country Reporting (CBCR); however, it remains an important issue due to its strong links with transfer pricing (TP).

Sophie Harding, April 01 2014

Indian transfer pricing changes take time to benefit taxpayers

Transfer pricing reforms, such as the introduction of safe harbour rules, have not reduced litigation or cut the compliance burden in India. And the government’s approach to the BEPS project could increase reporting requirements, explain Rajendra Nayak and Shweta Pai of EY.

March 31 2014

Brazilian Revenue Service renews its view on interpretation of article 7 of double tax treaties

Brazil’s interpretation of article 7 of its tax treaties relating to service payments means other countries may view it as not playing fairly.

March 31 2014

BEPS is an indirect tax issue too

The OECD’s BEPS project has drawn attention for its focus on corporate tax avoidance. But indirect tax is important to BEPS too.

March 31 2014

Littlewoods victory in UK VAT compound interest case could cost HMRC billions

Littlewoods, the retailer, has been successful in a case concerning VAT compound interest worth £1.2 billion ($2 billion).

Salman Shaheen, March 31 2014

Tax technology a key component of globalisation planning

The need for holistic, end-to-end solutions to assist global tax teams in managing the entire life cycle of reporting, compliance, audits and planning across all tax types around the world has never been more critical, believe Chris Walsh and Bernadette Pinamont of Vertex.

March 31 2014

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