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Abstract from the IVA Newsletter - June 2018:

Dear VAT professionals,

In this issue:

1. Welcome to our latest IVA Members
2. IVA Autumn Conference in Stockholm
3. IVA Webinars
4. Important VAT/GST Information
4.1. Italy - Electronic invoicing for identified VAT payers
4.2. New Zealand – GST update
4.3. USA - Online sellers are liable to local sales taxes in the USA
5. European VAT News
6. World VAT/GST News
7. News from Accountancy Europe

1. Welcome to our latest IVA Members

Please welcome the latest new members of the International VAT Association:

- BARIN (Romania), represented by Valentina Radu
- The VAT Practitioners Group (UK), represented by Ruth Corkin

2. IVA Autumn Conference in Stockholm

Dates: 18th and 19th October 2018

Main topic: “Worldwide Indirect Taxation – Digitalisation – Its Impacts and Consequences for Taxpayers and Administrations”

Venue:

The conference will take place in the Sheraton Stockholm Hotel in Stockholm.
Address: Tegelbacken 6, 101 23 Stockholm, Sweden
Link to the hotel: http://www.sheratonstockholm.com/?SWAQ=958C

4.1. Italy - Electronic invoicing for identified VAT payers

As regards the new electronic invoicing obligations, which will generally come into force in Italy as of January 1st 2019 (except for transactions between contractors and their subcontractors in public procurement and supplies of fuel occurring along the relevant supply chain before final sales at the gas stations, for which new obligation started on July 1st 2018).
A number of initial problems have occurred in the initial legislation

4.2. New Zealand – GST update

Government Consultation to apply GST (VAT) on low-value imported goods proposals and offshore supplier GST registration system proposed from 1st October 2019

IVA Contribution to developing Global VAT/GST Legislation
The IVA have been active participants in providing input to the New Zealand Government on the GST implications for business on their low value imported goods proposals. 

In common with a number of jurisdictions, New Zealand is introducing legislation (effective from 1st October 2019)  to apply GST to low value imported goods in order to ensure taxation at the place of consumption and to create a level playing field between domestic and foreign businesses. 

…

4.3. USA - Online sellers are liable to local sales taxes in the USA

On 21 June 2018 the US Supreme Court ruled that out-of-state retailers must charge and remit sales tax, even if they do not have a physical nexus in the customer’s US State. It thereby confirmed the economic nexus legislation introduced by South Dakota. Furthermore, the court’s decision effectively overturns contrary earlier rulings. Other US States will follow South Dakota’s example. US and non-US online sellers with customers in the US must now check whether they are affected. 

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News from the Board

Meeting with the French Tax Authorities

Representatives of the Board of the Association, Stephen Dale, Emmanuel Cottessat and Cyrille Konter, met with the DINR, the Non-Resident Unit of the French tax authorities in charge of EU companies not established in France but registered for VAT purposes in France.

Read more ...

News from IVA members

USA - Online sellers are liable to local sales taxes in the USA

On 21 June 2018 the US Supreme Court ruled that out-of-state retailers must charge and remit sales tax, even if they do not have a physical nexus in the customer’s US State. It thereby confirmed the economic nexus legislation introduced by South Dakota. Furthermore, the court’s decision effectively overturns contrary earlier rulings. Other US States will follow South Dakota’s example. US and non-US online sellers with customers in the US must now check whether they are affected.

Read more ...

News from EC

News from Accountancy Europe - July 2018

The ECON Committee has voted on its non-binding opinion on the Commission proposal for better VAT administrative cooperation, including provisions concerning the certified taxable person (CTP). The file is led by the MEP Roberts Zile (ECR/LAT)...

Read more ...

Disclaimer:  The information contained in the present page is general and does not constitute legal advice. Before taking any decision or action on the above information you should take the appropriate professional advice.