Authors: Arnout Vaninbroukx and Olivier Querinjean (CMS) Publication date: 14/03/2019 Although the UK parliament ruled against the possibility of a ‘no deal’ Brexit, the outcome of the current UK political controversy remains uncertain. Both businesses and governments in both Great Britain and EU are preparing for every eventuality, including the worst-case scenario of a
VAT and holding companies : European Court of Justice accepts the right to deduct input VAT on broken-deal costs (Tiberghien)
Authors: Stijn Vastmans and Gert Vranckx (Tiberghien) Publication date: 18/10/2018 On 17 October 2018 the Court of Justice of the European Union (‘CJEU’) delivered its ruling in the Ryanair case (C-249/17). This decision resolves the issue of input VAT recovery for costs in connection with unsuccessful share deals (broken-deal costs). We highlight below the
Author: Tiberghien VAT Team Date of publication: 18/07/2018 On July 5, 2018 the Court of Justice of the European Union delivered a new and welcome judgment about input VAT recovery by holding companies (ECJ, Marle Participations SARL, C-320/17, click here). In a previous newsletter (click here) we discussed the opportunity for a
Author: Gladys Cristiaensen (KPMG) Date of publication: june 2018 Are you selling goods and/or services online? If yes, we can only advise you to read this article very carefully, especially if your company is an electronic interface (such as market places, platforms, portals, etc.) or is a postal operator, as new
Authors: Didier De Vliegher en Ken Lioen (NautaDutilh) Date of publication: 27/03/2018 On 24 March 2018, the Belgian federal government issued a press release following the interim audit of the 2018 budget, announcing optional VAT on (qualifying) real estate leases as of 1 October 2018. No official text is available yet.
Analysis of the impact of the split payment mechanism as an alternative VAT collection method (European Commission)
Author: this study was carried out for the European Commission by Deloitte Date of publication: December 2017 This study designs and analyses a range of options for applying split payment mechanism as an alternative VAT collection method in both the current and definitive VAT regime. The options encompass different types of transactions
Authors: Stijn Vastmans and Gert Vranckx (Tiberghien) Date of publication: 07/12/2017 This newsletter briefly describes the new rules. Together with the higher focus of the VAT authorities on VAT and e-commerce, this evolution makes clear that a correct VAT compliance is crucial for e-commerce businesses. In a series of measures intended to adapt the
Author: Jeroen Gobbin (KPMG) Date of publication: 05/12/2017 The VAT treatment of supplies of goods and services in the digital economy continues to be an area of challenge and change, affecting businesses around the world. On 5 December 2017, the European Union (“EU”) adopted new legal provisions affecting both EU and
Court of Justice restricts the VAT exemption for cost-sharing associations: significant impact on the financial, insurance and real estate sectors (Tiberghien)
Authors: Stijn Vastmans, Stein De Maeijer, Gert Vranckx en Loulou Geboers (Tiberghien) Date of publication: 26/09/2017 On 21 September 2017 the Court of Justice of the European Union drastically restricted the VAT exemption for cost-sharing associations in a number of controversial judgments. The bank and insurance sector has been excluded from the scope of this exemption.
Belgian VAT: Government announces option to tax the leasing of immovable property to professionals (Stibbe)
Author: Wim Panis (Stibbe) Date of publication: 04/08/2017 On 26 July 2017 the Belgian Federal Government announced that it reached a consensus on a major tax reform. One of the less highlighted measures of this reform is the introduction of an option to make the leasing of immovable property between