As of January 1, 2020: ‘VAT quick fixes’ to s...
The changes will affect different facets within a business, such as changes to the ERP systems and the Tax Control Framework.…
VAT: Recovery right on the basis of cross-bor...
On January 24, 2019, the Court of Justice of the European Union rendered its judgment in the Morgan Stanley & Co International plc case (case no. C-165/17).…
As of January 1, 2019: new VAT rules for vouc...
The new rules are a result of the EU Voucher Directive, which is designed to harmonize the VAT treatment of vouchers within the EU.…
Final Dutch VAT return of 2018: Corrections b...
We have updated our memorandum regarding the VAT correction on promotional gifts and other benefits, such as staff benefits.…
VAT exemption on individual investment manage...
On November 8, 2018, the groundbreaking judgment that the Court of Appeal in Amsterdam had rendered on the VAT exemption for the management of special investment funds (SIFs), was…
ECOFIN discusses new French-German proposal f...
On December 4, 2018, the Economic and Financial Affairs Council of the EU (ECOFIN) held an exchange of views on the digital services tax, but failed to reach an agreement on a compromise…
Zero VAT rate for seagoing vessels changed as...
The Deputy Minister of Finance recently published a new Decree containing clarifications.…
Lower House adopts 2019 Tax Plan package and...
We have summarized the adopted amendments and the most important adopted motions.…
CJEU: the purpose of the sale of shares may l...
The outcome of this judgment is of major importance for M&A practices, whether or not within groups, private equity enterprises, but also for operating businesses holding participations.…
New developments regarding the 2019 Tax Plan...
On October 26, 2018, the Memoranda of Amendment resulting from the government’s reconsideration of the business climate package were also published.…
Partial VAT recovery for costs related to hir...
On October 18, 2018, the Court of Justice of the European Union delivered its judgment in the Volkswagen Financial Services (UK) Limited case (C-153/17).…
CJEU: VAT recovery also permissible for unsuc...
On October 17, 2018, the Court of Justice of the European Union rendered judgment in the Ryanair case (C-249/17).…
VAT: Cross border pro rata applies to costs i...
On October 3, 2018, the Opinion issued by the Advocate General to the Court of Justice of the European Union in the Morgan Stanley & Co International plc case (case no. C-165/17) was…
Tax measures for 2019
The main features of the 2019 Tax Plan are addressed in our memorandum.…
Government grants to colleges and their right...
The judgment is a positive outcome for colleges, universities and other educational institutions that perform economic activities and receive untaxed contributions for this.…
Advocate General at CJEU: VAT recovery limita...
This Opinion is particularly important for M&A practices, whether or not within groups, private equity enterprises, but also for operating businesses holding participations.…
Advocate General: VAT on strategic acquisitio...
The AG at the CJEU concluded that Ryanair may deduct the VAT on professional services for a strategic acquisition, even if the takeover is ultimately unsuccessful.…
VAT applies to loan under hire purchase agree...
The AG at the CJEU concluded that a hire purchase transaction is a single supply of a service or a good and the whole supply should be treated as taxable.…
Simplified triangulation rules also apply if...
The judgment of the Court of Justice of the European Union on April 19, 2018 means that the rules can still be applied, provided that Party B (out of the Parties A, B and C) ‘acquires’…
VAT exemption not applicable on instruction t...
If the CJEU follows the AG’s Opinion, then the consequences for the Dutch practice would appear to be that there would be an even more limited scope of the VAT exemption for payments.…
European Commission releases package on taxat...
The package includes both interim measures, in the form of a 3% Digital Services Tax on revenues, and a long-term solution, introducing the concept of a digital permanent establishment.…
Deputy Minister provides more insight into hi...
One letter contained his Tax Policy agenda, while the other elaborated on the first priority of this agenda: combating tax avoidance and tax evasion.…
Final Dutch VAT return of 2017: Corrections b...
We have updated our memorandum regarding the VAT correction on promotional gifts and other benefits, such as staff benefits.…
FS Tax Newsletter Issue 31 | December 2017
This issue of our newsletter contains our regular update of recent developments within the Financial Services sector. This month we have included an update on the coalition plans to abolish…
VAT and e-commerce: new legal provisions adop...
On 5 December 2017, the European Union adopted new legal provisions which principally affect both EU and non-EU businesses involved in the sale of goods cross-border to EU consumers…
Tax aspects of the coalition agreement Octobe...
The tax measures the new Cabinet intends to introduce include reducing the corporate income tax rates, partially abolishing dividend withholding tax, a two bracket regime in Box 1, an…
European Commission proposes far-reaching ref...
If embraced, this will have very significant impact on businesses and governments in the European Union.…
FS Tax Newsletter Issue 30 | October 2017
This newsletter contains an update with respect to the Funds for Mutual Accounts and the UK Criminal Finances Act. This newsletter also includes a summary of the CJEU court ruling about the…
Is VAT on services deductible in the case of...
The Danish court recently requested a preliminary ruling from the CJEU in the C&D Foods Acquisition ApS case (C-502/17).…
VAT exemption for cost-sharing groups does no...
The CJEU’s ruling that the VAT exemption for cost-sharing groups does not apply to the financial and insurance sector is very important.…
Tax measures for 2018
The main features of the 2018 Tax Plan are addressed in our memorandum.…
Trade and Customs CETA update
On July 8, 2017, the Canadian Prime Minister, Justin Trudeau, and the President of the European Commission, Jean-Claude Juncker, issued a joint statement on reaching a date for the…
Bill on the VAT treatment of vouchers
The new legislation is important for every retailer with promotional or loyalty programs and will take effect on January 1, 2019.…
Is VAT on professional services deductible if...
On May 12, 2017 the Supreme Court of Ireland requested the Court of Justice of the European Union (CJEU) to render a preliminary ruling in the Ryanair case (C-249/17).…
Proposal to extend VAT adjustment rules to ‘e...
The administrative burden will increase because investments have to be followed for longer.…
VAT exemption for cost-sharing groups: CJEU j...
The CJEU ruled that the VAT exemption for cost-sharing groups does apply if the members of a cost-sharing group also perform services subject to VAT, provided the services of the…
Advocate General at CJEU issues Opinion on VA...
Contrary to other recent Opinions, the AG considered that the VAT exemption for cost-sharing groups does apply to the financial and insurance markets.…
FS Tax Newsletter Issue 28| April 2017
Dear FS professional, In the FS Tax Newsletter, we provide you with an update on developments in the Financial Services sector. In this edition you will find, among others, a summary of…
Advocate General at CJEU issues Opinions on a...
The AG concluded that the VAT exemption for cost-sharing groups cannot be applied in the financial and insurance markets and neither in cross border situations.…
FS Tax Newsletter Issue 27 | Februari 2017
Dear FS professional, We hope that the New Year got off to a good start for everyone. In the FS field, right at the end of last year, the Supreme Court ruled that pension funds with…
Court of Justice of the European Union: VAT d...
This case once again shows how important it is to properly analyze the VAT position of holding companies that are actively involved in the management of their participations, but also of…
Memorandum on VAT Deduction Exclusion Decree
In the final Dutch VAT return for 2016 a VAT adjustment based on the VAT Deduction Exclusion Decree and the private use of company cars should be made.…
VAT Digital Single Market Package announced
On December 1, 2016 the European Commission announced new VAT rules for e-commerce, which are intended to simplify VAT for e-commerce businesses.…
Management of pension funds with a defined be...
The Supreme Court has ruled that pension funds with a defined benefit (DB) plan, as in the case in question, cannot be regarded as a special investment fund within the meaning of the…
Supreme Court limits VAT exemption for the ma...
The Supreme Court ruled that the VAT exemption can only apply if (the manager of) an investment institution was actually granted a license as referred to in the (then applicable) Investment…
FS Tax Newsletter Issue 26 | December 2016
Dear FS professional, This issue of our newsletter contains our regular update of recent developments within the Financial Services sector. This month we have included an update on the…
Sunscreen and toothpaste: 6% VAT
6% VAT also applicable on products with therapeutic function…
FS Tax Newsletter Issue 25 | October 2016
In the FS Tax Newsletter, we provide you with an update on developments in the Financial Services sector. In this edition we have summarized among others two new agreements between the…
Tax measures for 2017
The main features of the 2017 Tax Plan are addressed in our memorandum.…
Advocate General issues Opinion on VAT exempt...
Depending upon the supervision to which (the managers of ) these funds may be subject, the VAT exemption for the management of these funds may be canceled.…
Bill on the simplification of the refund of V...
The government has set August 14, 2016 as the deadline for providing input on the new bill.…
Opinion of Advocate General: Pension fund is...
The Advocate General however concluded that further examination of the facts must show whether and, if so, which VAT-taxable service is provided in exchange for the recharged costs.…
Harmonized VAT treatment of vouchers in the E...
Currently, vouchers are treated differently throughout the EU.…
Brexit: the tax consequences of the UK refere...
We give an overview of the tax consequences and shortly address the impact for the Netherlands as regards direct taxes.…
Processing of debit and credit card payments...
The key question posed to the CJEU is whether the services performed by Bookit and NEC qualify as “transactions concerning payments and transfers”, which are VAT-exempt.…
Investment in the Netherlands 2016
‘Investment in the Netherlands’ combines an accessible description of the regulatory, tax and legal environment with an objective overview of the unique selling points of the…
Introduction of ‘domestic sale’ concept helps...
Last week we informed you about the draft guidance published by the European Commission regarding the new customs valuation provisions under the UCC and its Implementing Regulation. That…
Alert - Customs Valuation- April 2016
In February we provided you with an update regarding the customs valuation implications under the Union Customs Code per 1 may 2016. Based on (draft) guidance received in the previous two…
EU Tax Law app eng
Meijburg & Co has an EU Tax Law app that contains all the rulings (including opinions) from the Court of Justice of the EU for Direct Tax, VAT and Social Security Tax, pending cases,…
CJEU: separate claim handling by third partie...
On March 17, 2016 the Court of Justice of the European Union (CJEU) ruled in the Polish Aspiro case (case no. C-40/15) that claim handling services are subject to VAT if these are performed…
Trade & Customs News, editie 6
1. Union Customs Code – some implications as of May 1, 2016 2. Transactional Delegated Act (TDA) 3. Canada and EU reach breakthrough on new approach on investment 4. Ombudsman…
VAT deduction limitation for holding companie...
On February 29, 2015 the Court of Justice of the European Union was asked to render a preliminary ruling on the right of a top holding company - that is actively involved in the management…
ABOLISHMENT OF EU FIRST SALE HAS FAR-REACHING...
Although mitigation of the negative impacts seems to be possible, it usually requires long-term planning as companies will likely have to implement operational changes.…
Not every ‘no show’ leads to a VAT refund
On December 23, 2015 the Court of Justice of the European Union (CJEU) ruled that advance payments may be subject to VAT in the case of ‘no shows’.…
CJEU judgment may have a major impact on the...
On December 9, 2015, the Court of Justice of the European Union (“CJEU”) ruled in the Dutch Fiscale Eenheid X case (C-595/13) that the VAT exemption for the management of special…
FS Tax Newsletter Issue 23 | December 2015
Dear FS professional, In the final FS Tax Newsletter for 2015 we would like to update you on recent developments within the Financial Services sector. We would also like to inform you…
Provision of market data and supply of techni...
According to a recent judgment rendered by the Amsterdam Court of Appeals (case no. 15/00074), the provision of market data against consideration and the supply of technical services should…
Pension fund is entitled to deduct the VAT on...
On July 27, 2015 the Court of Appeals Arnhem-Leeuwarden (the “Court”) rendered judgment on the deduction of VAT charged on costs that a company pension fund recharged to the…
FS Tax Newsletter Issue 22 | October 2015
Dear FS professional, Every other month you receive an update from us on developments in the Financial Services sector. In this edition of the FS Tax Newsletter we have summarized the…
CJEU: zero VAT rate also applies to the provi...
On September 3, 2015, the Court of Justice of the European Union (CJEU) rendered its judgment in the "Fast Bunkering Klaipėda" UAB case (hereafter: FBK). This case revolved around the…
FS Tax Newsletter Issue 21 | August 2015
Dear FS professional, While some of you are (hopefully) able to enjoy some time off, we would like to provide you with some food for thought on the developments that have taken place…
Trade & Customs News, edition 3
Table of Contents 1. Latest news on TTIP 2. WCO’s new Guide to Customs Valuation and Transfer Pricing 3. Update on the Union Custom Code 4. Classification of…
Court of Justice of the European Union confir...
The CJEU ruled that a holding company that is actively involved in the management of its participations and which performs VAT taxable services for a fee is entitled to deduct the VAT on…
FS Tax Newsletter Issue 20 | June 2015
Dear FS professional, Before the holiday season begins, we would like to update you on the hot topics in the FS sector. This newsletter provides updates on three VAT-related topics:…
Advocate General at CJEU: VAT-exempt manageme...
Advocate General Kokott advises the CJEU to qualify a real estate investment fund as a ‘special investment fund’, as long as this fund is under special regulatory supervision.…
Union Customs Code - Transitional Measures pe...
On 1 May 2016 the Union Customs Code and its implementing and delegated act (new Code) will become applicable. As from that date, the new Code will replace the Community Customs Code and…
FS Tax Newsletter Issue 19 | April 2015
Dear FS professional, In this spring edition of our FS Tax Newsletter you will find an update of several VAT related court cases, such as the hearing on the VAT group X case…
Trade & Customs News, edition 1
Table of Contents 1. ECJ to clarify conditions for classification of sets 2. Possible retroactive tariff duty suspension on certain heavy oils 3. Temporary importation of means of…
CJEU hearing on the management of real estate...
On March 4, 2015, the hearing on the VAT group X case was held at the Court of Justice of the European Union. This case concerns the VAT treatment of the management of real estate funds,…
Deposit system canceled
It has recently been announced that the current G-accounts system will definitely not be replaced by a deposit system.…
Ministry of Finance’s position on impact of S...
According to the Ministry of Finance, the Skandia judgment does not apply in the Netherlands.…
Advocate General at the Court of Justice of t...
The case is important for the scope of the insurance exemption for VAT purposes.…
FS Tax Newsletter Issue 18 | February 2015
Dear FS professional, The year 2015 started with many developments which (may) affect the financial services industry. This edition of the FS Tax Newsletter therefore provides an…
Captive insurance companies: not insured for...
Lower courts have recently ruled in favor of the Dutch Tax Authorities in combating captives. As a result of this, we have noticed that, in its audits, the Dutch Tax Authorities is…
Dutch Tax Authorities focuses on entitlement...
The Dutch Tax Authorities have recently been pro-actively approaching holding and financing companies to question their entitlement to deduct VAT.…
Court of Appeals The Hague: “Asset management...
On December 5, 2014 the Court of Appeals of The Hague ruled that the asset management services provided to a Dutch pension fund were not VAT exempt. This judgment is not only important for…
VAT and the head office and fixed establishme...
Source: Weekblad voor Fiscaal Recht, 2015/45, pp. 45-54 Authors: Rahiela Abdoelkariem and Frank Prinsen In this article, the authors discuss the definition of the taxpayer status of the…
FS Tax Newsletter Issue 17 | December 2014
Dear FS professional, This is the final newsletter for 2014. As mentioned in the October FS Tax Newsletter the Skandia judgment may have a significant impact on financial service…
ITR World Tax Review 2015
Meijburg & Co has been ranked 'Tier 1' in the recently published ITR World Tax 2015. CLICK HERE FOR THE COMPLETE GUIDE WITH LEADING TAX FIRMS Meijburg has also been ranked…
FS Tax Newsletter Issue 16 | October 2014
Dear FS professional, The FS Tax Newsletter of KPMG Meijburg & Co was introduced in April 2012 and is published every two months. The FS Tax Newsletter addresses recent…
Letter from the Deputy Minister of Finance on...
According to this judgment, pension funds that operate a defined contribution plan (DC plan) can qualify, under certain conditions, as a common investment fund within the meaning of the VAT…
Judgment in Skandia America Corporation (C-7/...
The Court of Justice of the European Union has ruled that services provided by a head office to a fixed establishment that is part of a VAT group are subject to VAT.…
Tax measures for 2015
On Budget Day, September 16, 2014, the Cabinet presented the 2015 Tax Plan to the Lower House.…
EU Tax Law app now available in the Apple App...
KPMG Meijburg has launched a Beta version of an EU Tax Law app that contains all the rulings (including opinions) from the Court of Justice of the EU for Direct Tax, VAT and Social…
FS Tax Newsletter Issue 15 | August 2014
Now that the end of the summer is approaching, why not ease back into business with some light reading in the form of our FS Tax Newsletter. The main topic this time is the introduction of…
VAT/GST Refunds Survey 2014
Where in the world can businesses obtain a refund of VAT and GST, and how efficient is the process?KPMG’s Global Indirect Tax Services new VAT/GST Refunds Survey 2014 answers these…
VAT exemption does not apply to discount card...
On June 12, 2014 the Court of Justice of the European Union ruled that discount cards did not fall within the scope of ‘securities’ or of ‘other negotiable instruments’ for the…
Decision Dutch District Court on VAT treatmen...
The District Court in The Hague recently rendered judgment in a case concerning the recharging of advisory fees by a bank. The bank had deployed an external advisor in connection with the…
Advocate General at CJEU issues Opinion on tr...
The Advocate General concludes that transactions between a foreign head office and a fixed establishment that is part of a VAT group are outside the scope of VAT.…
OECD issued public discussion draft on tax ch...
On March 24, 2014, the OECD released a public discussion draft on the tax challenges of the digital economy, as part of its base erosion and profit-shifting action plan (Action 1).…
Tax Intelligence Solution
Do you want to identify your VAT risks and opportunities on time, based on facts, so that you can subsequently take appropriate action? And do you want to spare your IT colleagues a lot of…
Advocate General recommends further review on...
On January 30, 2014, Ms. Van Hilten, the Advocate General attached to the Supreme Court, issued her independent opinion on the appeal a taxpayer had filed before the Supreme Court regarding…
VAT adjustment private use of company car for...
The Dutch tax authorities have stated that if an objection was filed against the assessed amount of the VAT adjustment for the private use of a company car for 2011 or 2012, no objection…
Tax treatment of additional Tier 1 capital
Banks will be able to deduct, for tax purposes, the return on additional Tier 1 capital, even if it was issued after January 1, 2014.…
The VAT position of self-employed health care...
Various judgments were recently rendered on the VAT consequences of using the services of self-employed medical staff; the results varied. The Lower House as well as the media are paying…
ITR World Tax 2014
KPMG Meijburg & Co. has been ranked 'Tier 1' in the recently published ITR World Tax 2014.…
VATAutomation
Can you meet all your statutory VAT obligations? Can you accomplish this in all the EU Member States in which you operate as an entrepreneur? Are you certain that, where intragroup…
VAT training
Meijburg & Co can offer you an in-house course, training, or workshop that is geared specifically to your company’s needs. This involves tailor-made solutions: you decide, in consultation…
VAT Quick scan
Meijburg & Co’s VAT quick scan is a simple and efficient tool that helps entrepreneurs determine whether they run any VAT compliance risks. Furthermore, it identifies potential VAT-saving…
Indirect Tax – Investment management
The advisors of Meijburg & Co’s Indirect Tax Financial Services group have extensive experience not only in identifying the VAT risks confronting institutional investors and their asset…
Indirect Tax – Financial services
The advisors of Meijburg & Co’s Indirect Tax Financial Services group have extensive experience in identifying the VAT risks confronting financial institutions, but also the VAT…
Indirect Tax – Payment Services
The advisors of Meijburg & Co’s Indirect Tax Financial Services group have extensive experience in not only identifying the VAT risks confronting payment service providers, but also the…
Indirect Tax – Banking
Meijburg & Co’s Indirect Tax Financial Services Group advises clients active in the banking industry. Our specialists have extensive experience with identifying VAT risks, advising on…
Indirect Tax – Insurance
The advisors of Meijburg & Co’s Indirect Tax Financial Services group have extensive experience in not only identifying the VAT risks associated with insurance products, but also the VAT…
The 2013 Benchmark Survey on VAT/GST
The 2013 Benchmark Survey on VAT/GST provides valuable insights into emerging best practices, benchmarks and global and regional trends.…
Customs duties vs. VAT; strict vs. flexible?
The Court of Justice of the European Union recently ruled that a customs debt arises if administrative obligations are not met. This is also the case if the goods were re-exported; a fact…