TRIANGULATION. 2 PLACE OF SUPPLY OF GOODS 3 Reminder : place of supply of goods MS 1MS 2 Invoice TRANSPORT IN THE RELATION B - C Place of supply A –

Slides:

Advertisements

Similar presentations

European Commission Taxation and Customs Union The concept of centralised clearance and the VAT aspects1 The concept of centralised clearance VAT aspects.

Advertisements

Centralised Customs Clearance The VAT challenge. Ways to pay and deduct import VAT Pay along with customs duty –Using customs deferment rules –And deduct.

Applicable for Persons Registered under Article 10

The Notice of Payment and Declaration Applicable for Persons Registered under Article 12.

SUPPLY OF GOODS USING THE METHODOLOGY. 2 FIRST QUESTION.

Taxpayers Tax base Tax calculation Tax exemption Tax preferences 10. VAT (2)

The VAT Declaration Applicable for Persons Registered under Article 11.

VAT Guidelines for Tooling

Supply of services vs. delivery of goods Current treatment: Supply of services Split of capital from interest VAT applies to capital element at the VAT.

Sold merchandise to a customer on account, customer is tax exempt.

Value Added Tax/ Umsatzsteuer (UStG)

EUROsociAL – Workshop Brasilia The European VAT System And The German Application Andrea Gebauer German Federal Ministry of Finance.

Saviour Bezzina 15 October 2014 VAT Treatment of Cross Border Supplies of Goods – Application of Simplification Procedures.

VAT and Shipping.  The consideration of VAT related aspects in the shipping world are becoming more frequent and complex. The reasons for this are the.

EXCISE GOODS. 2 DEFINITION 3 Definition in the (Excise) Directive 92/12/EEC –Mineral oils –Alcohol and alcoholic beverages –Manufactured tobacco EU Directive.

Introduction to the MOSS (Mini one stop shop) VAT Department 3 rd September 2014 MINISTRY FOR FINANCE VAT Department, Centre Point Building, 16, Ta’ Paris.

1 Arizona Sales Tax & Use Tax Chunyan Pan Tax Manager Financial Services Office.

111 VAT in Iceland Gap analysis. 222 The Scope (Title I) Intra-Community acquisition of goods within the territory of a Member State –Intra-Community.

For Intra-Community Regime Applicable as from 1st May 2004

Implications for the 2015 VAT Changes Customers, Supplies, Place of Consumption VAT Department 3 rd September 2014 MINISTRY FOR FINANCE VAT Department,

Frank Wood and Alan Sangster, Frank Wood’s Business Accounting 1, 12 th Edition, © Pearson Education Limited 2012 Slide 19.1 Chapter 19 Value added tax.

Your future. Figured. VAT implications for charities 17 June 2014.

VAT TREATMENT IMPORTATION

INTRA-COMMUNITY ACQUISITIONS OF GOODS USING THE METHODOLOGY

PARTIAL ATTRIBUTION OF INPUT TAX. 2 Principle The proportion of deductible VAT is determined for all the tax periods ending during a calendar year according.

Beneby & Company Chartered Accountants Preparing for The Bahamas Government Proposed Value Added Taxes (VAT)

IC Special cases Distance sales New means of transport Excise goods.

CHAPTER-6. 1.LEVIED BY CENTRAL GOVERNMENT & COLLECTED BY STATE GOVT. 2.SUBSEQUENT SALE 3.ADMINISTRATIVE AUTHORITIES 4.VAT RULES APPLICABLE 5.PROCEEDS.

VAT Rennes Law School.  Features :  A general tax based on consumption,  An indirect tax,  A real and proportional tax.  Levied at each stage in.

NEW MEANS OF TRANSPORT. 2 DEFINITION 3 Motorised land vehicles the capacity of which exceeds 48 cc or the power of which exceeds 7,2 kw supplied not.

LEVY AND COMPUTATION OF TAX (SEC. 9) 1. LEVIED BY CENTRAL GOVERNMENT AND COLLECTED BY STATE GOVERNMENT: The tax payable by any dealer on sales effected.

ACCF 3108 : Business and International Taxation University Of Technology Mauritius Pravesh1.

INTRA-COMMUNITY ACQUISITIONS BY MEMBERS OF THE “GROUP OF 3”

Nexia ETG Graz – February 2007 John Voyez Director Smith & Williamson February 2007.

VAT in the European Union Recent Developments in Legislation and Case Law Christian Widhalm Dubrovnik,

BCS Treasurer’s Day How Headquarters and The Treasurers work together 6th March 2013.

RECENT TAX ANNOUNCEMENTS THAT MAY AFFECT THE MAQUILA INDUSTRY Héctor Silva Meeting - Breakfast Junio 17, 2009.

DTI- EMPC NOTES BASIS OF COOP TAXATION  RA # COOP Code  RA # Tax Code  RA # Local Gov’t. Code  RA # Recent Amendments to.

PwC Main differences between operating leasing and pure rental* *connectedthinking Catalin Alexandru Lawyer, D&B David si Baias.

1 AN INTRODUCTION TO VAT. 2 What is VAT? Value Added Tax (VAT) is a form of indirect taxation It is one of many forms of taxation in the United Kingdom,

New Business Office Procedures August 21, 2013 Karen Johnson and Kim Spencer.

Tax on sales by Union and State Governments  Sale tax on Inter State sale is levied by Union Government under Entry 92A of List I (Union List), while.

VAT AND THE EU CONFERENCE VAT COMPLIANCE IN CYPRUS Demetra Constantinou Kinanis LLC.

PROPOSED RETURN PROCESS

BDO Malta Client name - Event - Presentation title Page 1 Proposal for Standard EU VAT return Josef Mercieca 16 th October 2015 MIM VAT and EU Conference.

Problems of the procedure 1 The VAT identification number of the person in the other MS is not always mentioned in the SAD This VAT identification number.

1 Financial impact There is no upper limit; losses of VAT receipts can accumulate as long as a carousel mechanism functions.

Amerissa Efstathiou Aikaterini Bouzounieraki Ministry of Economy and Finance, Greece Central Liaison Office 1 NEW MODELS OF VAT EVASION EXPERIENCED IN.

Fiscal representation Fiscal Rep B.V. specializes in developing VAT, customs and administrative solutions for companies who trade or want to trade in the.

METAC Workshop March 14-17, 2016 Beirut, Lebanon National Accounts Compilation Issues Session 9: Taxes on products.

FRAUD METHODS 1. Fictitious invoices/ double invoices.

Value Added Tax Part D Seller － tax payer Seller － tax payer Buyer － tax bearer Buyer － tax bearer Tax payable = output tax － input tax Tax payable =

European and International Taxation

VAT Invoices Value Added Tax

الإطار الفكـري للضريبة والزكاة

Value Added Tax Value Added Tax (VAT) Indirect Tax

European and International Taxation

Value Added Tax Cross Border Trade VAT is an EU Tax

European VAT – General Principles

Case Hedqvist (C-264/14) – role of the virtual money in VAT

definition of a midpoint

Value Added Tax Calculation of VAT Liability – Calculation of Input VAT Non-deductible VAT: VAT on purchase, hire or leasing of passenger motor vehicles.

DAGTVA Dispositif technique Automatique de Gestion de la TVA

Definitive VAT system for intra-Union trade of goods

VAT situation in Sweden ESS ERIC

GST – CURRENT / CRITICAL ISSUES

VAT e-commerce package 2 COM(2018)819 COM(2018)821

VAT Module 5: Computation of VAT©

Presentation transcript:

TRIANGULATION

2 PLACE OF SUPPLY OF GOODS

3 Reminder : place of supply of goods MS 1MS 2 Invoice TRANSPORT IN THE RELATION B - C Place of supply A – B and B – C in MS 1 A-B = No transport = where goods are put at the disposal of B B-C = Transport = where transport begins/Registration of B in MS 1 A B C

4 Reminder : place of supply of goods MS 1 MS 2 Invoice TRANSPORT IN THE RELATION A - B Place of supply A–B in MS 1 Place of supply B–C in MS 2 Transport Where transport begins No transport Where goods are placed at the disposal of C A B C

5 PLACE OF INTRA-COMMUNITY ACQUISITION

6 Reminder : place of intra-Community acquisition of goods Place where transport ends

7 Reminder: place of intra-Community acquisition of goods Member State VAT Identification Number Security net

8 TRIANGULATION DEFINITION

9 Triangulation (ABC) - Definition MS 2 B MS 1 A MS 3 C Sale 1 Sale 2 Transport 3 taxable persons (ABC) in three different Members States 2 sales : A – B and B – C 1 transport directly from A to C

10 TRANSPORT BETWEEN B AND C

11 Triangulation - Transport between B and C - No simplification possible MS 2 B MS 1 A MS 3 C Sale 1 Sale 2 Transport between B - C Supply A–B (no transport): place where goods are put at disposal of B (MS 1): local supply + VAT Supply B–C (transport): place where transport begins (MS 1) = IC supply exempt from VAT by B in MS 1 (B must register for VAT in MS 1) C is doing an intra-Community acquisition in MS 3

12 TRANSPORT BETWEEN A AND B NO SIMPLIFICATION

13 Triangulation - Transport between A and B MS 2 B MS 1 A MS 3 C Sale 1 Sale 2 Transport between A - B Supply A–B (transport): place where transport begins (MS 1) = IC supply exempt from VAT by A in MS 1 Supply B–C (no transport): place where goods are put at disposal of C (MS 3) B is doing an intra-Community acquisition in MS 3 followed by a local supply to C in MS 3 (VAT registration of B in MS 3)

14 TRANSPORT BETWEEN A AND B SIMPLIFICATION MALTA IS MS 1

15 Triangulation - Transport between A and B - Simplification MS 2 B MALTA A MS 3 C Sale 1 Sale 2 Transport between A - B Intra-Community supply made by A in Malta is exempt from VAT if conditions are fulfilled B is communicating a valid VAT number of another Member State (MS 2) to A B is reported as the purchaser of the goods in the recapitulative statement of A, under the VAT number of B in MS 2

16 TRANSPORT BETWEEN A AND B SIMPLIFICATION MALTA IS MS 2

17 Triangulation - Transport between A and B - Simplification MALTA B MS 1 A MS 3 C Sale 1 Sale 2 Transport between A - B B communicates to A his Maltese VAT number : application of the security net Normally intra-Community acquisition by B in Malta but… Item 14(1) Third Schedule

18 Triangulation - Transport between A and B - Simplification MALTA B MS 1 A MS 3 C Sale 1 Sale 2 Transport between A - B ICA made by B in Malta is deemed to have been subject to VAT in MS 3 if B proves it is made for the purpose of a subsequent supply in MS conditions: C is reported as the person liable to pay VAT on the local supply to C in MS 3 Code “T” must be reported in the recapitulative statement for the supply made to C B reports this sale to C in the box “IC supply exempt” in his VAT return Item 14(2) Third Schedule

19 TRANSPORT BETWEEN A AND B SIMPLIFICATION MALTA IS MS 3

20 Triangulation - Transport between A and B - Simplification MS 2 B MS 1 A MALTA C Sale 1 Sale 2 Transport between A - B ICA made by B in Malta is exempt from VAT if conditions are fulfilled C is registered under articles 10 or 12 and is reported as liable to pay VAT on the subsequent local supply made by B in Malta C must report this purchase in the box “ICA” of his VAT return Item 1 Fifth Schedule Part Three Art.20(2)(a) VAT Act