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   January/February 2019  
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International VAT Monitor
This free e-mail service informs you about the contents of the forthcoming edition of International VAT Monitor.

Issue No. of the International VAT Monitor is now available online.

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Number 1 - 2019 contains the following:
New VAT Rules for Vouchers
Patrick Wille
Electronic Marketplaces May Be Held Liable for German VAT – New Rules Entered into Effect on 1 January 2019
Hans-Martin Grambeck
From 1 January 2019, the German authorities decided, under certain circumstances, to make the electronic marketplaces liable to German VAT if traders acting there do not comply with their VAT obligations. In this article, the author explains the new rules and the actions to take for both marketplaces and traders supplying goods in Germany through marketplaces.
VAT Implications of Cancellation Charges: New Substance-over-Form Rule?
Yanitsa Radeva
On 22 November 2018, the ECJ issued a judgment that revived a long-standing dispute regarding the VAT treatment of non-refundable payments. In this article, the author provides an overview of the evolution of the ECJ's understanding of the nature of cancellation charges and seeks to clarify the criteria for differentiating between charges subject or not subject to VAT. The author analyses the impact of the latest developments in this discussion on the evolution of the substance-over-form doctrine in the field of VAT.
Taxation of the Digital Economy – The Chilean Approach
Ignacio Gepp
In this article, the author addresses the efforts made by the administration of President Sebastián Piñera to effectively tackle some of the challenges arising from the digitalized economy. Mainly, the author explains the proposals towards a “multiple solution approach” by the Chilean government sent to the National Congress in late 2018, which are expected to be either passed or rejected by mid-2019.
VAT Cash Accounting Scheme – Lessons from Bulgaria
Svetlin Krastanov
The VAT cash accounting scheme was introduced in Bulgaria at the beginning of 2014. In this article, the author discusses practical aspects of the implementation of this regime into the local legislation, its advantages and disadvantages, and most importantly, raises the question to what extent it is popular amongst the small businesses for which it is intended.
VAT in United Arab Emirates, Saudi Arabia and Bahrain – Transitional Rules
Roberto Scalia
VAT was introduced in the United Arab Emirates and Saudi Arabia on 1 January 2018, implementing the GCC VAT Unified Agreement. Bahrain introduced VAT on 1 January 2019. In this article, the author describes the transitional rules applicable to existing business contracts at the time of implementation of a new VAT system in those countries, based on the general provision concerning transitional rules under the GCC VAT Agreement.
Practical Information on European VAT
Fabiola Annacondia
As is traditional in the first issue of each year, this overview presents the key features of the VAT systems of most European countries (both EU and non-EU), including standard and reduced VAT rates, various thresholds, the format of the VAT identification numbers and contact details of the offices of the national tax administration which process VAT refund applications or provide information to non-resident businesses on national VAT rules. The overview is compiled by the editor on the basis of information provided by the members of the European Knowledge Group of IBFD and the International VAT Monitor’s correspondents at the beginning of 2019.
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