July/August 2017  
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International VAT Monitor
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Issue No. 4 - 2017 of the International VAT Monitor is now available online.

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Number 4 - 2017 contains the following:
GCC: The New Kid on the VAT Block
Gorka Echevarría Zubeldia
VAT on Negative Prices
Matthias Trinks
The phenomenon of “negative prices” did not exist when the harmonized EU VAT system was created. Therefore, no specific rules were adopted to tackle this issue. However, “negative prices” have now become common practice, for example in the area of electricity trading. In this article, the author discusses an approach to handle negative prices by using the general EU VAT rules.
New Regime for Cost Sharing Associations in Belgium
Charlotte De Jaegher
Further to a request for information from the European Commission, Belgium has redefined the conditions to apply the exemption for cost sharing associations in its national legislation. The new regime is more flexible on several points than the old one, while enforcing more transparency for the VAT administration. In this article, the author clarifies the essential changes under the new regime and compares these to the requirements of the exemption as set out at European level.
“Privatizing” the GST Audit: Singapore’s Compliance Programmes
Eng Hin Poh
In recent years, the Inland Revenue Authority of Singapore introduced two goods and services tax compliance programmes. In this article, the author describes these programmes and observes how they effectively “privatize” the GST audits, particularly of larger businesses, by capitalizing on the potential and motivation of these businesses to incorporate tax risk management as part of overall corporate governance and by leveraging on the internal control processes and practices established by these businesses to secure voluntary compliance with the GST legislation.
VAT Global Trends: What Are the Lessons To Be Drawn for Mexico?
Juan de la Cruz Higuera Ornelas
The VAT is a fairly new tax when compared to other taxes, but it has positioned itself as one of the most important taxes in the world. The Mexican VAT system needs to be reformed to line up with global trends and best practices. Although rate variation is almost inevitable for VAT, the use of reduced rates and exemptions should be limited in order to avoid distortions, economic inefficiencies and unnecessary complications in a VAT system. In this article, the author explains that a VAT reform should be accompanied by simplification of the system in general, a more efficient administration of taxes, more effective audits, promotion of voluntary compliance and if possible, less administrative and compliance burdens for businesses.
Major Sales Tax Disputes in Pakistan
Bilal Hassan
Sales tax disputes arise when taxable persons disagree with the tax authorities in respect of their sales tax liability, input tax adjustment or claim to other entitlements, including refunds. In this article, the author provides an overview and evaluation of the major sales tax disputes relating to sales tax liability as assessed by the federal tax authorities of Pakistan and abuse of their discretional powers in the course of tax audits and investigations.
News from: Albania, Australia, Bangladesh, Belarus, Brazil, China (People’s Rep.), Colombia, Croatia, Denmark, Ecuador, European Union, Finland, France, Ghana, Greece, Hungary, India, Isle of Man, Italy, Kyrgyzstan, Latvia, Malawi, Malaysia, Maldives, Malta, Moldova, Netherlands, Norway, Pakistan, Panama, Poland, Portugal, Qatar, Russia, Saudi Arabia, Singapore, Spain, St. Lucia, Sweden, Tajikistan, Tanzania, Turkey, Uganda, Ukraine, United Kingdom, United States and Uzbekistan.
Case notes from: Austria, Brazil, Sweden and United Kingdom.
Judgments in cases: C-274/15, C-564/15, C-571/15, C-624/15, C-699/15, C-26/16, C-33/16, C-36/16, C-38/16 and C-154/341; a Reasoned order in Case C-286/16; Opinions in cases: C-90/16, C-101/16, C-164/16 and C-246/16; Preliminary rulings in cases: C-615/16, C-16/17, C-69/17, C-81/17, C-108/17, C-140/17, C-153/17, C-154/17 and C-159/17; and Removal of Case C-202/15.
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