November/December 2017  
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International VAT Monitor
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Issue No. 6 - 2017 of the International VAT Monitor is now available online.

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Other publications and courses available on VAT:

2017 in Review - EU VAT Legislation, Proposed Changes and ECJ Case Law - Part 2
Date: 8 February 2018
Level: Intermediate
> Read more

Introduction to GCC VAT
6-8 May 2018
> Read more

Number 6 - 2017 contains the following:

New EU Proposal to Change

Cross-Border B2B VAT Rules

Michael van de Leur
The VAT in the Arab Countries of the Gulf Cooperation Council

Robert F. van Brederode and

Markus Susilo

The six countries forming the Gulf Cooperation Council (GCC) have decided to introduce VAT from 2018 onwards. This is an enormous challenge for governments, businesses, and advisors as these countries have little experience with taxation in general and with VAT in particular. Each country has to introduce domestic VAT legislation based on the VAT Framework Agreement, which outlines the underlying main principles and rules for the VAT system to be adopted by all six countries. In this article, the authors provide the background and progression of the economic and political integration of the GCC region, explain the rationale for a common VAT system, and provide an overview of the structure and a thorough analysis of the main features of the VAT Framework Agreement. 

DNB Banka and Aviva: Has the ECJ Followed Its Own Interpretation Methods and Respected the Objectives Pursued by the EU Legislature
Christian Amand

In this article, the author analyses the recent decisions of the Court of Justice of the European Union (ECJ) in the DNB Banka and Aviva cases. In these decisions, the ECJ has excluded businesses that supply financial services from the benefit of the VAT exemption on support services supplied by independent groups of persons. The author takes into account the interpretation methods adopted by the ECJ to analyse these decisions and explains the history of this specific VAT exemption and other exemptions laid down in the VAT Directive.

International Practices of Financial VAT
Julio López-Laborda and Guillermo Peña
The question of what constitutes the most appropriate VAT treatment for financial services has not yet been answered. In this article, the authors identify and evaluate the theoretical alternatives and current international practices in this area, and provide, in their view, the most promising method to tax financial services.
India’s GST Law and Its Input Tax Mechanism: A Commentary
Vijay Krishnamurthy
On 1 July 2017, India put into effect its national goods and service tax (GST) regime, which had been first proposed as early as 2000 with an initial roll-out date of 1 April 2010. The significant delay in the implementation is due to the complexity of overhauling a previously fragmented indirect tax system by unifying it into a single USD 2 trillion market catering to 1.3 billion consumers. In this article, the author discusses the input tax mechanism under the newly adopted GST framework and highlights some pitfalls.
VAT Registration Thresholds in Europe
Fabiola Annacondia
As is traditional in the sixth issue of each year, in this issue of the International VAT Monitor an overview is presented of the VAT registration thresholds in most European (both EU and non-EU) countries, applicable in October 2017 and supplemented with announced amendments entering into force on 1 January 2018.

Reports from: Belarus, Belgium, Bulgaria, Canada, Chile, Colombia, Costa Rica, Croatia, Czech Republic, Denmark, European Union, France, Germany, Ghana, Greece, Hungary, IFA, India, Ireland, Italy, Jersey, Kazakhstan, Kyrgyzstan, Lebanon, Liechtenstein, Maldives, Malta, Mexico, Moldova, Montenegro, Netherlands, Norway, OECD, Paraguay, Peru, Philippines, Poland, Qatar, Romania, Russia, Singapore, Slovak Republic, Sweden, Switzerland, Turkey, Ukraine, United Arab Emirates, United Kingdom, United States, Venezuela and Zambia.

Case notes from: Canada, Norway and United Kingdom.

Judgments in cases: C-326/15,  C-605/15,  C-616/15, C-132/16, C-164/16,  C-262/16,   C-273/16,  C-404/16 and C-441/16; Opinions in cases: C-524/15, C-251/16, C-298/16,  C-305/16, C-307/16, C-387/16 and C-396/16; and Preliminary rulings in cases: C-264/17, C-410/17, C-414/17, C-421/17, C-422/17, C-434/17, C-449/17, C-459/17, C-475/17, C-495/17 and C-502/17.

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