DOCSLIB.ORG

Indirect Tax Leaders Guide Last Year in Response to the Growing Methodology Importance of Indirect Taxation

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Indirect Tax Leaders Guide Last Year in Response to the Growing Methodology Importance of Indirect Taxation www.internationaltaxreview.com Indirect Tax SECOND Leaders EDITION The comprehensive guide to the world’s leading indirect tax advisers Contents 2 Introduction and methodology 3 Argentina 5 Australia Nestor House, Playhouse Yard, London EC4V 5EX UK Tel: +44 20 7779 8308 11 Austria Fax: +44 20 7779 8500 14 Belgium Managing editor: Ralph Cunningham 22 Brazil [email protected] 36 Canada Magazine editor: Salman Shaheen 44 Chile [email protected] 45 China Online editor: Sophie Ashley Implementing VAT reform in China [email protected] 54 Cyprus Corporate tax editor: Matthew Gilleard 54 Czech Republic [email protected] 55 Denmark Tax disputes editor: Joe Dalton 61 Finland [email protected] 66 France Production editor: João Fernandes 71 Germany [email protected] 81 Greece Publisher: Oliver Watkins 82 Hong Kong [email protected] 83 India Associate publisher: Andrew Tappin No tax on export of services: Boon or bane? [email protected] 95 Ireland Business manager: Megan Poundall 97 Israel [email protected] 98 Italy Divisional director: Danny Williams 105 Japan © Euromoney Trading Limited, 2013. The copyright of all 108 Luxembourg editorial matter appearing in this Review is reserved by the 110 Malta publisher. 112 Mexico No matter contained herein may be reproduced, duplicated or copied by any means without the prior consent of the 119 Netherlands holder of the copyright, requests for which should be 125 New Zealand addressed to the publisher. Although Euromoney Trading 128 Norway Limited has made every effort to ensure the accuracy of this 131 Philippines publication, neither it nor any contributor can accept any 134 Poland legal responsibility whatsoever for consequences that may arise from errors or omissions, or any opinions or advice 137 Portugal given. This publication is not a substitute for professional 142 Romania advice on specific transactions. 143 Russia Chairman: Richard Ensor 146 Singapore Directors: Sir Patrick Sergeant, The Viscount Rothermere, 153 South Africa Christopher Fordham (managing director), Neil Osborn, Dan 157 South Korea Cohen, John Botts, Colin Jones, Diane Alfano, Jane 158 Spain Wilkinson, Martin Morgan, David Pritchard, Bashar 167 Sweden AL -Rehany, Andrew Ballingal, Tristan Hillgarth 171 Switzerland International Tax Review is published 10 times a year by 174 Turkey Euromoney Trading Limited. 176 UAE This publication is not included in the CLA license. 177 UK Copying without permission of the publisher is prohibited Missing trader intra-community fraud: Are ISSN 0958 -7594 businesses really prepared? Customer services: +44 20 7779 8610 199 US UK subscription hotline: +44 20 7779 8999 US subscription hotline: +1 800 437 9997 210 Index of firms 1IN|D wIRwEwC.Tin TtAerX naLtEiAonDaElRtaS xreview.com www.internaItNioDnIaRltEaCxTre TvAieXw L.cEoAmDE |R S1 Introduction International Tax Review launched its Indirect Tax Leaders guide last year in response to the growing Methodology importance of indirect taxation. The publication was designed as a tool to help taxpayers identify the Indirect Tax Leaders is a list of the foremost specialists in this area of tax advice. leading indirect tax advisers in the With falling corporate tax rates and revenues, world. governments are increasingly turning to Inclusion in the guide is based VAT/GST to make up the shortfall. There is also a on a minimum number of nomina - growing emphasis on indirect tax to tackle specific tions received. Besides the required problems, such as carbon taxes to bring down number of nominations, entrants emissions and financial transaction taxes to con - must also possess (1) evidence of strain risky trades while clawing back money from outstanding work in the last year; the banks blamed for the crisis and given money and (2) consistently positive feed - for their survival by their governments. back from peers and clients. Firms If anything, that trend has only accelerated in and individuals cannot pay to be the last year. Rates of VAT are rising across the recommended in Indirect Tax world, while new jurisdictions are introducing the Leaders. tax – most significantly China, whose pilot pro - gramme is set to be rolled out nationwide in August. And more and more countries are intro - ducing carbon taxes While taxpayers generally welcome the shift from direct to indirect taxation, it carries with it its own compliance costs and issues to navigate such as exemptions, reduced and zero rates, market distortions, place of taxation and measures to tackle fraud. And while companies are increasingly paying attention to the complexities of indirect tax, only the biggest maintain sizeable specialised VAT/GST departments. As a result of this, many companies will have to rely on external advisers to help them with their indirect tax affairs. And with this in mind, International Tax Review brings you the sec - ond edition of its Indirect Tax Leaders guide to help you chose the right adviser for the right job. Salman Shaheen, Editor, International Tax Review I2N|D wIRwEwC.Tin TtAerX nLatEiAonDaElRtaS xreview.com www.internaItNioDnIaRltEaCxTre TvAieXw L.cEoAmDE |R S2 Argentina Carlos G Iannucci Carlos G. Iannucci is the Tax & Legal Managing Partner of the Deloitte member firm network in Latin America. He has more than 25 years of experience in serving multinational and major local companies. He has developed extensive experience in cor - porate and international tax issues, and also acts as lead tax part - ner for large consumer, manufacturing, and oil and gas industry clients. Deloitte He is a regular lecturer at business institutions, universities and professional entities in different tax matters, and is in charge Florida 234, 5th floor Ciudad Autónoma de Buenos of the Tax subject at the Business Administration career of the Aires, C1005AAF Argentine Catholic University. Argentina He also contributes to a number of specialized technical Tel: +54 11 4320 2736 publications, and has been consistently listed among the leading Email: [email protected] tax advisers in Argentina since 1998 in different market surveys (International Tax Review, Mondaq.) Carlos is a Certified Public Accountant, graduated from the School of Economics, Argentine Catholic University, and is a member of the Argentine Fiscal Association and the International Fiscal Association. 3IN|D wIRwEwC.Tin TtAerX naLtEiAonDaElRtaS xreview.com www.internaItNioDnIaRltEaCxTre TvAieXw L.cEoAmDE |R S3 Argentina Martín Barreiro Baker & McKenzie SC ................................................................................................................................................... Joaquin Kersman Baker & McKenzie SC ................................................................................................................................................... Federico Llorente Baker & McKenzie SC ................................................................................................................................................... Ruben Malvitano Ernst & Young ............................................................................................................................................................... Juan Pablo Menna Baker & McKenzie SC ................................................................................................................................................... Matias Olivero Vila Bruchou, Fernández Madero & Lombardi – Taxand ............................................................................................... I4N|D wIRwEwC.Tin TtAerX nLatEiAonDaElRtaS xreview.com www.internaItNioDnIaRltEaCxTre TvAieXw L.cEoAmDE |R S4 Australia Gary Funston Gary Funston leads the Melbourne Indirect Tax Practice of Deloitte Australia. He recently joined Deloitte after 25 years’ experience with other professional services firms, the last 13 as a partner with Ernst & Young. He advises many of Australia’s leading corpo - rate and government clients in all aspects of indirect tax law, including matters that have been successfully litigated in the Deloitte Australia Federal Court of Australia. He is regularly sought out by the Corporate Tax Association to present to its members on GST 550 Bourke Melbourne 3000 and other indirect tax matters, including at the 2013 CTA Tax Australia Convention where he was the only external indirect tax advisor invited to present. Tel: +61 3 9671 7464 Email: [email protected] Gary has a Bachelor of Commerce from Melbourne University as well as an MBA from Melbourne Business School. He is a member of the Tax Institute, CPA Australia and an affil - iate of the Institute of Chartered Accountants in Australia. Gary has a reputation for providing practical and often inno - vative advice and solutions to clients and working with col - leagues from other service lines to deliver optimal, whole-of-firm solutions. 5IN|D wIRwEwC.Tin TtAerX naLtEiAonDaElRtaS xreview.com www.internaItNioDnIaRltEaCxTre TvAieXw L.cEoAmDE |R S5 Australia Dermot Gaffney Dermot started his career in Indirect Taxes in the late 1970s and has worked in 5 countries across 3 continents in his 30 plus years in the profession. He spent 12 years with the Revenue Commissioners in Ireland, where he was an Inspector of Taxes, and since joining KPMG in 1994 he has led teams in Ireland, Scotland, and England before moving to South Africa in late 2006. After 5 great years in Johannesburg, his most recent KPMG in Australia move (and he says hopefully last) was to accept an invitation
Load more

Recommended publications
  • Annual Report 2016 • KBC Bank • 1 to the Reader
    KBC Bank Annual Report for 2016 Annual Report 2016 • KBC Bank • 1 To the reader Company name ‘KBC’, ‘the group’, ‘we’ or ‘KBC Bank’ as used in this annual report refer (unless otherwise indicated) to the consolidated bank entity, i.e. KBC Bank NV including all group companies included in the scope of consolidation. ‘KBC Bank NV’ refers solely to the non-consolidated entity. The ‘Company annual accounts' section deals only with the non-consolidated entity. Difference between KBC Bank and KBC Group KBC Bank NV is a subsidiary of KBC Group NV. The KBC group's legal structure has one single entity – KBC Group NV – in control of two underlying companies, viz. KBC Bank NV and KBC Insurance NV. All KBC Bank NV shares are owned (directly and indirectly) by KBC Group NV. A number of KBC Bank NV’s debt instruments are exchange-listed. Where mention is made of KBC Group or the KBC group in this annual report, KBC Group NV is meant, including all group companies included in the scope of consolidation. Forward-looking statements The expectations, forecasts and statements regarding future developments that are contained in this annual report are based on assumptions and assessments made when drawing up this report. By their nature, forward-looking statements involve uncertainty. Various factors could cause actual results and developments to differ from the initial statements. Translation This annual report is available in Dutch and English. The Dutch version is the original and the English-language version an unofficial translation. KBC warrants that every reasonable effort has been made to avoid any discrepancies between the different language versions.
    [Show full text]
  • EFS Top-Level Seminar EU VAT: Recent Developments and Outlook
    EFS, ERASMUS UNIVERSITY ROTTERDAM EFS Top-Level Seminar EU VAT: Recent Developments and Outlook 3 DAY PROGRAMME 27 - 29 SEPTEMBER 2017 Prof. Ben Terra Oscar Henkow Prof. Marie Lamensch Andrea Parolini Thierry Charon Prof. René van der Paardt EU VAT: RECENT DEVELOPMENTS AND OUTLOOK EFS, ERASMUS UNIVERSITY ROTTERDAM ERASMUS UNIVERSITY ROTTERDAM EFS, Erasmus University Roterdam is a partnership between Erasmus University Rotterdamis a global, top-100 research the tax departments of the Erasmus University Rotterdam’s university, where ambitious students prepare for an excellent Schools of Law and Economics. career. EFS has been a leading education and research institute in the Erasmus University Rotterdam is one the biggest universities areas of international taxation and European taxation for over in the Netherlands, with a student population of 23,000 and a 25 years. research community of around 1,400. The work of EFS concentrates on the operation of both indirect On the lively and modern campus, students are constantly taxes, covering VAT and customs duties, and direct taxes, focusing encouraged to develop their talents achieve their ambitions in on individual taxation, corporate taxation and source taxation in an international classrooms of more than 100 nationalities. international and/or European context. Its intensive, career-oriented and research-driven studies are As well as regularly hosting academic symposia, conferences matched by an excellent student life in the dynamic and diverse and lectures, EFS offers a wide range of post-master programmes. city of Rotterdam. The university’s research is strongly focused on societal impact on health, wealth, governance and culture. 2 EU VAT: RECENT DEVELOPMENTS AND OUTLOOK Case law from the European Court of Justice in Luxembourg, proposals from the Commission in Brussels and, of course, Brexit: the VAT landscape is continually changing.
    [Show full text]
  • 1.Declaration of Estate: Significant Changes in Flanders
    Lloyd Georgelaan 11 I 1000 Brussels www.berquinnotarissen.be Contents 1. Declaration of estate: significant changes in Flanders 2. ‘Misery tax’ reduced once again in cases of relational break-up? 3. Valuation of usufruct: at long last a (limited civil law) statutory system 1.Declaration of estate: significant changes in Flanders Eric Spruyt, notary-partner Berquin Notarissen cvba, Professor at KU Leuven and Fiscale Hogeschool (Tax College) April 2015 Since 1 January 2015, the Flemish Region has been collecting its own succession duties which, incidentally, now go by the name of “inheritance tax”. This name change is only a minor detail as also the rules of play, which can be found in a new codex, have changed. The most noteworthy of these undoubtedly relate to the formalities governing the declaration of estate and to the fact that fines have gone up dramatically! A new "coat" and name For quite some time now, the Regions in our country have enjoyed competence in matters of succession duties. They can set their own rules of play, rates, reductions and exemptions. Collection however - in official tax jargon known as the tax "administration" - has up and until now been ensured by the Federal Government (FPS Finance). Every Region is free to decide when it wishes to organise and manage its own collection. The Flemish Region decided it would do so as of 1 January 2015. Collection will henceforth be ensured by VLABEL (Flemish Tax Administration). The authorities took this opportunity to incorporate the Flemish succession duties into the existing Vlaamse Codex Fiscaliteit (Flemish Tax Code).
    [Show full text]
  • Tax Management International Forum
    TAX MANAGEMENT INTERNATIONAL FORUM Comparative Tax Law for the International Practitioner >>>>>>>>>>>>>>>>>>>>>>>>>>> VOLUME 37, NUMBER 2 >>> JUNE 2016 www.bna.com Income and Indirect Tax Consequences of Cash Pooling Arrangements FACTS Host Co is a Host Country corporation that has three operating subsidiaries: H Sub, a Host Country corporation; X Sub, a Country X corporation; and Y Sub, a Country Y cor- poration. In order to minimize short-term bank financing costs and to manage the group’s cash flow requirements, Host Co plans to structure a cash pooling arrangement involving the three operating subsidiaries and FinCo, a newly formed Country Z corpo- ration that will be capitalized by Host Co with a combination of debt and equity and would be the cash pool leader; and Bank, an unrelated Country Z financial institution with branches in Host Country, Country X, Country Y and Country Z. FinCo’s activities would be limited to serving as the cash pool leader in the arrangements described below. The Host Co group has no other operations in Country Z, although it is considering cen- tralizing all of its treasury functions there. Host Co is considering two different types of cash pooling arrangements. The first would involve a zero target balancing cash pooling arrangement whereby, on a daily basis, the cash surpluses of any participant would be transferred to FinCo and FinCo would advance the necessary funds to any participant that experienced a cash deficit. FinCo would maintain an account with Bank in Country Z. Bank would finance any defi- cit in FinCo’s account at a floating rate of interest.
    [Show full text]
  • Annual Reports 2017-05-22 00:00:00 Annual Report 2016
    WORKING #together TOWARDS A SUSTAINABLE FUTURE Annual Report of KBC Group 2016 KBC Group of Report Annual Annual Report of KBC Group 2016 KBC group passport Net result (in millions of EUR) Our area of operation 2 639 We are an integrated bank-insurance group, catering mainly for retail, private banking, SME and mid-cap clients. Our core markets are Belgium, 765 2 427 the Czech Republic, Slovakia, Hungary, Bulgaria and Ireland. We are also present to a limited extent in several other countries to support corporate 1 762 clients from our core markets. Our clients, staff and network 2 218 Clients (estimate) over 10 million Staff 38 356 Bank branches 1 456 -344 Insurance network 427 agencies in Belgium, various distribution 2014 2015 2016 channels in Central and Eastern Europe impact of liquidation of KBC Financial Holding Inc. Our long-term credit ratings (20-03-2017) impact of goodwill impairment for a number of participating interests Fitch Moody’s Standard & Poor’s KBC Bank NV A A1 A KBC Insurance NV – – A- KBC Group NV A Baa1 BBB+ Breakdown of net result by business unit (2016, in millions of EUR) Our core shareholders 1 432 KBC Ancora 18.5% Cera 2.7% MRBB 11.4% Other core shareholders 7.6% 596 Data relates to year-end 2016, unless otherwise indicated. For definitions, please see the detailed tables 428 and analyses in this report. Outlook/watch/review data for our ratings is given elsewhere in this report. -29 Belgium Czech International Group Business Republic Markets Centre Unit Business Business Unit Unit 3.5 million clients 96 billion
    [Show full text]
  • Campus Brussel Jobfair 12 Maart, March 12Th 2015
    Campus Brussel Jobfair 12 maart, March 12th 2015 academische en professionele opleidingen academic and professional programmes In samenwerking met Faculteit Economie en Bedrijfswetenschappen Faculty of Economics and Business Campus Brussel Dankwoord Deze editie van de jobfair kwam tot stand met de hulp van vele mensen. Eerst en vooral willen we de algemeen directeur Dirk De Ceulaer bedanken voor zijn steun aan dit event. Gelukkig kunnen we ook rekenen op de hulp van de vele collega’s waar het altijd prettig mee samenwerken is. Dankzij hen wordt de organisatie van de dag zelf een stuk gemakkelijker. Daarnaast willen we de stewards en het economaat bedanken die de zalen ontruimen, klaarzetten, en schoonmaken. Dit titanenwerk kunnen we zonder hen niet klaarspelen. Verder willen we ook de catering bedanken tijdens de jobfair. Natuurlijk zijn we ook heel blij met de talrijke opkomst van de bedrijven. Zonder jullie is er geen jobfair en kunnen we dit ook niet aan onze studenten aanbieden. Hopelijk kunnen we de komende jaren nog op jullie aanwezigheid rekenen. Dan is er nog het organiserende comité. In de eerste plaats, de motor achter dit event, Krista Van Winkel, die ervoor zorgt dat aanbieders en vragers op hun wenken bediend worden. Zo willen we Stefaan Debrabandere in de bloemetjes zetten, want hij heeft ervoor gezorgd dat de samenwerking tussen de academische en de professionele opleidingen heel vlot verlopen is. Samen met de studenten Office Management en Marketing Management wordt een professioneel onthaal van de rekruteerders mogelijk gemaakt. Ze staan immers in voor de begeleiding van de vele bedrijven en organisaties. Dankzij Leen Smisdom en Ursula Moons kunnen we altijd rekenen op een goede database van bedrijven die we kunnen uitnodigen.
    [Show full text]
  • 1.Tax-Friendly Dissolution of Purchase Agreement Now Also Possible in the Brussels Region
    Lloyd Georgelaan 11 I 1000 Brussels www.berquinnotaries.be Contents 1. Tax-friendly dissolution of purchase agreement now also possible in the Brussels Region 2. Brussels allowance rises steeply 3. I want let via AirBnB – what do I have to watch out for? (in Flanders and Brussels) 4. The updated audit committee 1.Tax-friendly dissolution of purchase agreement now also possible in the Brussels Region Eric Spruyt, notary-partner Berquin Notarissen cvba, Professor at KU Leuven and Fiscale Hogeschool (Tax College) March 2017 The technique of the tax-friendly dissolution of purchase agreements has existed in the Flemish and Walloon Regions for some time. Since the beginning of this year, this is now also possible in the Brussels-Capital Region. Context In Belgian real estate practice, two purchase contracts are usually drawn up to settle the purchase of real estate: In an initial phase, a private purchase agreement (the so-called 'compromis') is signed between the parties, with or without the assistance of a notary or a broker. In a second phase, the notarial deed of purchase is signed. Sometimes, something goes wrong between the two. It is relatively common - especially in these less favourable economic times - for the buyer finally to have to back out because he is unable to obtain a loan from the bank to pay the purchase price. Other circumstances relating to the buyer may also mean that after signing the 'compromis', he is no longer interested in the purchase (e.g. the breakdown of a relationship or his employer suddenly sends him to a foreign branch for a few years, etc.).
    [Show full text]
  • Tax Advisers
    www.expertguides.com The Legal Media Group Guide to the World’s Leading Tax Advisers 2 Methodology CONTENTS 3 Argentina editorial 5 Argentina Guide to the World’s Leading Australia Tax Advisers 10 15 Austria Belgium editorial Research manager 17 19 Belgium Tatiana Hlivka 26 Bolivia Brazil Sub-editors 27 34 Canada editorial Rebecca Skipwith 36 Canada Maria McGrady 58 Chile China Production manager 62 64 Colombia Richard Oliver 66 Cyprus Czech Republic Production editor 69 71 Denmark João Fernandes 74 Finland France Business manager 78 84 Germany editorial Matthew Lakin 86 Germany Hong Kong SAR Project manager 104 108 Hungary Jonathan McReynolds 110 India Ireland editorial Publisher 117 118 Ireland Danny Williams 120 Israel Italy Director 121 124 Japan Christopher Fordham 129 Lithuania Luxembourg editorial For additional copies of this publication 130 Luxembourg please contact: 132 136 Mexico 141 The Netherlands editorial Tatiana Hlivka The Netherlands Legal Media Group 143 New Zealand editorial Nestor House 151 New Zealand Playhouse Yard 153 Norway London, EC4V 5EX 156 Panama Tel: (44) 20 7779 8418 160 Poland Fax: (44) 20 7779 8678 161 Portugal Email: [email protected] 164 Russia RRP £65/e100/US$110 172 175 Singapore 179 South Africa editorial ©Euromoney Institutional Investor PLC 184 South Africa January 2007 195 South Korea No matter contained herein may be reproduced, 202 Spain editorial duplicated or copied by any means without the prior Spain consent of the holder of the copyright, requests for 204 which should be addressed to the publisher. Although 210 Sweden Euromoney Institutional Investor PLC has made 215 Switzerland every effort to ensure the accuracy of this publication, 224 United Kingdom neither it nor any contributor can accept any legal United States editorial responsibility whatsoever for consequences that may 245 arise from errors or omissions, or any opinions or 247 United States advice given.
    [Show full text]
  • Annual Report 2016 • KBC Bank • 1 to the Reader
    KBC Bank Annual Report for 2016 Annual Report 2016 • KBC Bank • 1 To the reader Company name ‘KBC’, ‘the group’, ‘we’ or ‘KBC Bank’ as used in this annual report refer (unless otherwise indicated) to the consolidated bank entity, i.e. KBC Bank NV including all group companies included in the scope of consolidation. ‘KBC Bank NV’ refers solely to the non-consolidated entity. The ‘Company annual accounts' section deals only with the non-consolidated entity. Difference between KBC Bank and KBC Group KBC Bank NV is a subsidiary of KBC Group NV. The KBC group's legal structure has one single entity – KBC Group NV – in control of two underlying companies, viz. KBC Bank NV and KBC Insurance NV. All KBC Bank NV shares are owned (directly and indirectly) by KBC Group NV. A number of KBC Bank NV’s debt instruments are exchange-listed. Where mention is made of KBC Group or the KBC group in this annual report, KBC Group NV is meant, including all group companies included in the scope of consolidation. Forward-looking statements The expectations, forecasts and statements regarding future developments that are contained in this annual report are based on assumptions and assessments made when drawing up this report. By their nature, forward-looking statements involve uncertainty. Various factors could cause actual results and developments to differ from the initial statements. Translation This annual report is available in Dutch and English. The Dutch version is the original and the English-language version an unofficial translation. KBC warrants that every reasonable effort has been made to avoid any discrepancies between the different language versions.
    [Show full text]
  • Polarising Living Standards in Flanders^ 1800-1860
    European Review of Economic History, 5, 301-336. Printed in the United Kingdom © 2001 Cambridge University Press Oysters and rye bread: Polarising living standards in Flanders^ 1800-1860 YVES SEGERS Center for Economic Studies, Workshop in Quantitative Economic History, K. U. Leuven, Naamsestraat 69 B-3000 Leuven, Belgium Interfaculty Centre for Agrarian History, K.J. Leuven Vlamingenstraat 39, B-3000 Leuven, Belgium This article presents the results of an extensive inquiry into urban consumption of foodstuffs in Flanders between 1800 and i860. The octroi tax, an indirect tax levied on various consumer items, formed the principal source. During the initial phase of Belgian industrialisation the inhabitants of the eight cities under study (Antwerp, Bruges, Brussels, Courtrai, Ghent, Lokeren, Leuven and Mechelen) experienced a sharp decrease in the consumption of bread grains, meat, fish, beer, wine and gin. A number of other indicators suggest at the same time an accelerated widening of the gap between rich and poor. This process of impoverishment and pauperisation, which occurred in all cities (small or large, industrial or merchant centre), is explained as a result of Malthusian tensions. The rapid population growth, which started around i 75°3 generated the division of arable land and a sharp increase in land prices. The growing demand for food, stagnating agricultural output, and the trade and agricultural policy of the government led to a significant increase in the price level of foodstuffs. The capitalism hypothesis of Lis and Soly, elaborated for Antwerp, is rejected. Many economic historians have studied the social impact of industrialisation in the past. This generated the so-called ‘standard-of-living debate’ that led to heated debates, especially in Great Britain.
    [Show full text]
  • Donating Real Estate Cheaper in Flanders
    Lloyd Georgelaan 11 I 1000 Brussels www.berquinnotaries.be Donating real estate cheaper in Flanders Eric Spruyt, notary, prof. KU Leuven and Fiscale Hogeschool March 2016 The cost of donating property in Flanders has been drastically reduced. Those who carry out energy-saving renovation work pay even less. Since 1 January 2015, the registration and succession duties have been laid down in a new tax code, the ‘Flemish Tax Code’. Succession duties (successierechten) are now called inheritance tax (erfbelasting) and gift duties (schenkingsrechten) have been renamed gift tax (schenkbelasting). Far more important, however, is that since 1 July 2015, donating real estate has become far cheaper. The residence of the donor counts! The Flemish gift tax and its reduced rates for the donation of real estate (houses, land, apartments) only apply if the donation is located in the Flemish Region. The only criterion considered is the tax residence of the donor, at least when this person is an inhabitant of Belgium. The location of the donated property plays no role. If you live in Antwerp and you donate a house in the Ardennes, you can do this at Flemish rates. There are three exceptions to this principle: 1. You have moved frequently. If you, as a door, have lived in various regions in the past five years, then the place where you lived longest counts. 2. You live abroad. Then the location of the real estate counts. If you went to live in Spain when you retired and you want to donate your apartment in Liège to your son, then Walloon gift duties will be levied.
    [Show full text]
  • RZ VAT-Conf Flyer Fueremail Cl21 Layout 1
    14th and 15th June 2012 International VAT-Conference küffner maunz langer zugmaier in cooperation with Conference Thursday International VAT-Conference SUPPLY OF GOODS 14th and 15th June 2012 WITHIN, TO AND FROM EU at Seehotel Übersee, Lake Tegernsee (Munich) 9.30 Place of taxation: VAT technical / legal developments The focus of the International VAT Conference is the (Dr. Maunz) discussion of current VAT issues at both the academic · Chain transactions – new concept of allocating and practical level. The conference panel consists of the zero rated supply (ECJ Eurotyre) international experts drawn from the EU Commission, · Safety net regulation after ECJ Facet the OECD, the tax administration, universities and from · Comparison Intra-Community / Export / Import leading international corporations. 10.00 Compliance aspects (Mr. Huschens, Mr. von Streit) Conference participants will have the opportunity to · Proof of export / intra-Community supplies raise questions relating to their day to day business and – the German approach and other approaches to participate in panel and audience discussions. across the EU · Reporting requirements With its solution based focus, delegates will leave the conference having been provided with real insight into 11.10 Panel discussion how to better manage their respective VAT issues. Natur- ally, all sessions will be supported by extensive docu- CONCEPT OF NEUTRALITY mentation which delegates will undoubtedly find to be a 14.00 Spheres of a legal person valuable future business resource after the conclusion of (Prof. Dr. Terra) the conference. · Linking input VAT deduction to supplies and non-supplies (transactions carried out for busi- So come and join the discussion on VAT's hot topics ness reasons which are non-supplies for VAT and enjoy the opportunity of networking with other atten- purposes) dees and speakers from all Member States.
    [Show full text]