Pakistan based exhibitors exempt from German VAT (Value Added Tax)

Size: px
Start display at page:

Download "Pakistan based exhibitors exempt from German VAT (Value Added Tax)"

Transcription

1 Pakistan based exhibitors exempt from German VAT (Value Added Tax) Dear Pakistan based exhibitors at German trade fairs, The implementation of the EU VAT system directives, into German law, produces changes, which affect invoicing at German Trade Fair companies as follows: Questions and answers are marked in blue colour. Amendments to the VAT-System w.e.f Summary: 1. Foreign trade fair participants will no longer pay German VAT 2. Exception: visitor tickets for admission will still include German VAT 3. Issue of net invoices 4. Two important conditions: net calculation does not apply to individual exhibition services but only to "service packages 5. Proof of business status by VAT identification number (upon booth application) A. Introduction From 1 January 2011 the venue of a trade fair is no longer the decisive for the calculation of VAT on trade fair services. Rather, the criterion for VAT on services is now according to the location where the recipient is based. While the changes primarily affect services between businesses (B2B transactions), ultimately nothing will change for services to individuals (B2C transactions). As recipients, the B2B customers of German trade fair organizers like; Koelnmesse, Messe Düsseldorf, and others, are primarily the exhibitors, along with subsidiaries, associations and government agencies (referred to as so-called organizing companies for VAT purposes) and guest organizers. As a result, businesses from other EU countries or other foreign countries are no longer charged German VAT for the use of fair services since the beginning of If these recipients are based in Germany, the calculation of German VAT remains as it was. There is an exception for the price of admission to visitors, in particular: German VAT* will be charged for events in Germany regardless of where recipients are based. The rule of the so-called receiver location principle applies not only to all cases in which, for instance, Koelnmesse or Messe Düsseldorf act as an organizer, but also to those cases Liaison Office for Koelnmesse GmbH & Messe Düsseldorf GmbH in Pakistan Page 1/5

2 in which Koelnmesse or Messe Düsseldorf is not the organizer, for example with respect to guest events or an organizer (organizing company) with foreign or commissioned events. Here in contrast to previously, German VAT applies for German principals and exhibitors. The receiver location principle also applies to the trade relations between guest organizers and organizers of joint stands for "their" exhibitors. Although net invoices are now issued for the trade fair services, the receiver location principle does not mean that absolutely no VAT is applicable, but rather the VAT applies according to where the service recipient is based (E.g., Pakistan). Foreign government agencies like; TDAP, which are responsible for the organization of group participations, can be viewed as a company with regards to VAT. B. Summary of questions and answers: 1) Foreign trade fair participants (Exhibitors) will no longer pay German VAT Q: What does foreign trade fair participants mean? A: All exhibitors being resident outside Germany. 2) Exception: visitor tickets for admission will still include German VAT All other services to Exhibitors and Visitors such as, visitor/exhibitor admission tickets, parking, cloakroom, food and beverages, hotel stay, etc., continue to be subject to *VAT in Germany. 3) Issue of net invoices Q: What does net invoices mean? A: A net invoice is an invoice without German VAT. 4) Two important conditions: net calculation does not apply to individual exhibition services but only to "service packages" Q: What is an "individual exhibition service"? A: An individual exhibition service is the renting of exhibition space only. Q: What do you mean by "service package"? A: A service package includes the renting of exhibition space and at least three additional services; such as security, heating, electricity, etc. Liaison Office for Koelnmesse GmbH & Messe Düsseldorf GmbH in Pakistan Page 2/5

3 5) Proof of business status by VAT identification number (upon booth application) Q: What is a VAT identification number? A: In principle, all EU resident entrepreneurs can apply for a VAT identification number (at least) in their home country. Messe Düsseldorf has to be provided with this number in order to prove towards the German tax authorities that the exhibitor is regarded as an entrepreneur in his country of residence. Q: How can non-eu resident companies prove their entrepreneurial status? A: Companies resident outside the EU can use a VAT Identification number if they have applied for one in any EU country. Please be informed that the number will only be granted by the local tax authorities, if the entrepreneur actually performs a taxable turnover in the respective EU country. Otherwise, non-eu resident companies, like from Pakistan, have to provide the German trade fair organizer with an excerpt from their trade register or something similar in order to prove the status of an entrepreneur. In case of Pakistan, National Tax Number (NTN) is applicable. 6) No VAT exemption Q: Why does a general rule, absolutely no VAT is applicable, not exist? A: The change in the law does not mean that fair services are VAT exempt from 2011 onwards. Only the place of taxation has been shifted from the place, where the fair takes place, to the place where the recipient of the services is resident. Thus, the VAT of the recipient s country of residence generally applies. Example: A Pakistan based company XYZ exhibits at a German trade fair and is not charged VAT on the invoice for participation. According to the German law, the VAT applicable in Pakistan comes into play here. 7) Fair Services 7a) Bundle of services Economically, however, no one is burdened with this tax because it is simultaneously and equally offset against the deductible input tax of the service recipient (so-called reverse charge). Technically, this must be recorded in their respective advance turnover tax returns or in so-called summary reports to the tax authorities. This saves the exhibitors in particular the rather cumbersome refunding of VAT paid in the tax refund procedure. While this approach is coordinated throughout the EU, it is recommendable under practical aspects, at least, also for those foreign countries who have such a reverse charge system. This waiving of German VAT is tied to two conditions: the business status of the recipient and the scope of exhibition services. Liaison Office for Koelnmesse GmbH & Messe Düsseldorf GmbH in Pakistan Page 3/5

4 Only to the extent that fair services are linked in a bundle of services beyond the mere rental of the booth, German VAT is no longer charged to foreign exhibitors, etc. For this purpose, the tax authorities have created a catalog of services in which a total of fourteen trade fair services are listed. A service package is accepted, if in addition to renting booth space at least three catalog services have been contracted; such as technical services, stand support and security, and inclusion in exhibition catalogs as well as certain advertising services. Q: Does that mean that an exhibitor must book exhibition space and at least three additional services in order to avoid German VAT? A: Yes. 7b) Individual services booked later If individual services are booked later, they are considered contract amendments that are included in the bundle of services. This undoubtedly relates to all cases in which the service package and any services booked later by a single party (e.g. Koelnmesse or Messe Düsseldorf) are provided to the companies mentioned above. Whether this also applies to additional bookings with a third party within a service package can initially be assumed, but it still requires explicit clarification by the tax authorities. Q: Could you please advise how to contact the German tax authorities? A: Please note that, you do not have to discuss this issue with the German tax authorities yourselves. German Trade Fair organizers such as, Koelnmesse and Messe Düsseldorf, are currently in discussions with the Federal Ministry of Finance in order to achieve a simplification. 7c) Guest organizer or third party This refers in particular to cases in which an exhibitor books additional individual services with Koelnmesse, Messe Düsseldorf or any other German trade fair organizer, in addition to the package from a guest organizer. In as far as an exhibitor assigns individual services of the service catalog to a third party outside the framework, it can definitely not be considered an amendment to the contract for a service package. However, in most cases this should not mean any other tax assessment. Again, here there is need for a final clarification. Q: Does this mean that in case e.g., an exhibitor orders the construction of a stand from another German company and not from the fair organizer, the fair booth builder has to charge German VAT*? A: Yes, this is correct. Liaison Office for Koelnmesse GmbH & Messe Düsseldorf GmbH in Pakistan Page 4/5

5 8) Proof of business nature Since the changes for VAT in 2011 are ultimately only important for B2B transactions, the business status of a fair participant will also take on special importance. The second important requirement, therefore, is to prove the business status of a trade show participant in order to avoid German VAT. This happens first of all particularly through the active use of the VAT identification number (which is issued to every company based in an EU Member State), at best directly upon application. German trade fair organizers must check the validity of the VAT ID-No. The tax authorities provisionally assume that fair participants are companies in general, but this may require the proof in form of a business certificate in cases of reasonable doubt. Since according to the conditions of participation of the exhibitions only "manufacturers" may be admitted to an event, the German trade fair organizer(s) will not usually require a business certificate from exhibition participants from foreign countries (as far as business status can be inferred e.g. from the registration forms, etc.). Q: Does this mean that exhibitors being resident outside the EU generally do not need to submit any proof of business nature? A: In principle this is correct. Nevertheless, please note that German trade fair organizers are still discussing this issue with the German tax authorities. In order to be on the safe side, it is highly recommend that non-eu resident companies should provide the German trade fair organizer with an excerpt from their trade register or something similar in order to prove the status of an entrepreneur. Please note that a German translation would be required. In case of Pakistan, copy of the National Tax Number (NTN) certificate may be provided, if asked for. Recommended on the subject is also the web portal of the Federal Central Tax Office (unfortunately only partly in English): and of the Federal Ministry of Finance: [*If VAT is paid, Exhibitors and Visitors from Pakistan, can claim a VAT refund as per already existing standard procedure, outlined in the information leaflets, Information about VAT Refund and Practical Steps VAT Refund, on the German Missions in Pakistan web portal > Schengen / Short-term visas > Trade Fair visa.] -- No liability is assumed for the correctness of the details provided. Liaison Office for Koelnmesse GmbH & Messe Düsseldorf GmbH in Pakistan Page 5/5

Frequently asked questions

Frequently asked questions www.exporeal.net Frequently asked questions Save the date EXPO REAL 2017 Date: Oct 4-6, 2017 Here you will find answers to frequently asked questions about EXPO REAL. General questions about the trade

More information

Address Bedrijvenzone Machelen Cargo 751 1830 Machelen. Taxe sur la Valeur Ajoutée (TVA) or Belasting over de Toegevoegde Waarde (BTW)

Address Bedrijvenzone Machelen Cargo 751 1830 Machelen. Taxe sur la Valeur Ajoutée (TVA) or Belasting over de Toegevoegde Waarde (BTW) BELGIUM Name of the firm Deny Cargo bvba Address Bedrijvenzone Machelen Cargo 751 1830 Machelen Contact Grégory Moortgat gregory.moortgat@denycargo.be Tel. No. +32 2 752 21 11 Managing Partner www.denycargo.be

More information

VAT in the European Community APPLICATION IN THE MEMBER STATES, FACTS FOR USE BY ADMINISTRATIONS/TRADERS INFORMATION NETWORKS ETC.

VAT in the European Community APPLICATION IN THE MEMBER STATES, FACTS FOR USE BY ADMINISTRATIONS/TRADERS INFORMATION NETWORKS ETC. EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration VAT and other turnover taxes VAT in the European Community APPLICATION IN THE MEMBER STATES,

More information

Software Quality Days

Software Quality Days Software Quality Days General terms and conditions for the event 1 General information 1. As of August 1st, 2014, these general terms and conditions for the event are valid for all events by Software Quality

More information

F.No.341/43/96-TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs *****

F.No.341/43/96-TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs ***** F.No.341/43/96-TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs ***** Instruction Letter ST North Block, New Delhi, Dated, the 31st October,1996. Subject

More information

E-Commerce Company in Luxembourg

E-Commerce Company in Luxembourg E-Commerce Company in Luxembourg I. Concept II. Direct E-Commerce services III. The E-Commerce Company in Luxembourg IV. Tax Aspects of direct E-Commerce 1. The taxation of direct E-Commerce services 1.1

More information

How to establish a business in Germany

How to establish a business in Germany How to establish a business in Germany Andreas Seidel seidel@butzel.com BUTZEL LONG A PROFESSIONAL CORPORATION 150 WEST JEFFERSON, SUITE 100 DETROIT, MI 48226 TEL: 313 225 7000 I FAX: 313 225 7080 www.butzel.com

More information

VAT invoice requirements in Germany

VAT invoice requirements in Germany Tax Services / Leaflet, October 2013 VAT invoice requirements in Germany Businesses trading in Germany should ensure using the correct VAT rate to account for German VAT. The standard VAT rate is currently

More information

Explanatory notes VAT invoicing rules

Explanatory notes VAT invoicing rules Explanatory notes VAT invoicing rules (Council Directive 2010/45/EU) Why explanatory notes? Explanatory notes aim at providing a better understanding of legislation adopted at EU level and in this case

More information

VAT on Telecommunications Services

VAT on Telecommunications Services VALUE-ADDED TAX INFORMATION LEAFLET No. 7. on Telecommunications Services Information Leaflet No. 7 on Telecommunications Services General 1. Several provisions in the 1997 and 1998 Finance Acts relate

More information

MFFA Belastingadvies Tax Advice

MFFA Belastingadvies Tax Advice MFFA Belastingadvies Tax Advice Specialized in Expats and International Companies Amsterdam Zwolle Assen The Netherlands VAT in Europe an introduction General comments European Union: 27 member states

More information

EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration VAT and other turnover taxes

EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration VAT and other turnover taxes EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration VAT and other turnover taxes TAXUD/1032/07-EN Part 14 VAT in the European Community APPLICATION

More information

ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ON TRAVEL INDUSTRY

ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ON TRAVEL INDUSTRY ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ON TRAVEL INDUSTRY CONTENTS INTRODUCTION... 1 Overview of Goods and Services Tax (GST)... 1 OVERVIEW OF THE TRAVEL INDUSTRY... 1 Supply of Goods and

More information

SUPERSTUDIO PIU Via Tortona 27 20144 Milano

SUPERSTUDIO PIU Via Tortona 27 20144 Milano AFFORDABLE ART FAIR MILANO SUPERSTUDIO PIU Via Tortona 27 20144 Milano 6 TH 9 TH MARCH 2014 Dear gallery owner, Three successful editions of Affordable Art Fair in Milan that welcomed over than 200 international

More information

Name of the firm Trade and tax. Address Deken van Baarsstraat 8-A. Remon Kums remon.kums@tradeandtax.com Tel. No.

Name of the firm Trade and tax. Address Deken van Baarsstraat 8-A. Remon Kums remon.kums@tradeandtax.com Tel. No. THE NETHERLANDS Name of the firm Trade and tax Address Deken van Baarsstraat 8-A P.O. Box 2015 6020 AA Budel Contact Remon Kums remon.kums@tradeandtax.com Tel. No. +31 (0)495 700210 Tax advisor www.tradeandtax.com

More information

Company Formation in Austria. Tax l Accounting l Audit l Advisory

Company Formation in Austria. Tax l Accounting l Audit l Advisory Tax l Accounting l Audit l Advisory Company Formation in Austria When considering an investment abroad thought must be given to taxation of income received as dividends and interest as well as any capital

More information

OVERLAPPING OF SERVICE TAX AND VAT

OVERLAPPING OF SERVICE TAX AND VAT OVERLAPPING OF SERVICE TAX AND VAT UNDER WORK CONTRACT AND RESTAURANT AND CATERING SERVICE Organised by BORIVALI KANDIVALI (EAST) CPE STUDY CIRCLE At Conference Hall,2nd Floor, Thakur Polytechnic College,

More information

Framework about establishing a business in the UAE

Framework about establishing a business in the UAE Framework about establishing a business in the UAE 1. Establishing a branch of a foreign company Branches of foreign companies can be set up in the UAE in two different forms. Besides the classical form

More information

ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ON EVENT MANAGEMENT INDUSTRY

ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ON EVENT MANAGEMENT INDUSTRY ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ON EVENT MANAGEMENT INDUSTRY CONTENTS INTRODUCTION... 1 Overview of Goods and Services Tax (GST)... 1 OVERVIEW ON EVENT MANEGEMENT... 1 GST TREATMENT

More information

Checklist for Jamaican citizens applying for Schengen visa - Required documents

Checklist for Jamaican citizens applying for Schengen visa - Required documents Checklist for Jamaican citizens applying for Schengen visa - Required documents Name: Date of birth: Citizenship: When meeting in person at the visa office at the time of your appointment, apart from the

More information

BASIC INFORMATION ABOUT TAX ON DEVELOPERS

BASIC INFORMATION ABOUT TAX ON DEVELOPERS BASIC INFORMATION ABOUT TAX ON DEVELOPERS The Government of Maharashtra has amended the definition of Sale under the Maharashtra Value Added Tax Act, 2002 with effect from 20 th June 2006 thereby including

More information

TELECOMUNICATION, TELEVISION & RADIO BROADCASTING AND ELECTRONICALLY SUPPLIED SERVICES JANUARY 2015

TELECOMUNICATION, TELEVISION & RADIO BROADCASTING AND ELECTRONICALLY SUPPLIED SERVICES JANUARY 2015 TELECOMUNICATION, TELEVISION & RADIO BROADCASTING AND ELECTRONICALLY SUPPLIED SERVICES JANUARY 2015 INTRODUCTION 1. REGULATION AND GENERAL CONSIDERATIONS 2. MAIN CHANGES 3. OPERATORS INVOLVED INTRODUCTION

More information

VAT Treatment of Cross Border Transactions in the Single Market

VAT Treatment of Cross Border Transactions in the Single Market RESPONSE TO GREEN PAPER COM (2010) 695 On the Future of VAT Introduction The European Council of Optometry and Optics (ECOO) would like to thank you for this opportunity to submit views. As an organisation

More information

ETNO Reflection Document on EC consultation: VAT The place of supply of services to non-taxable persons

ETNO Reflection Document on EC consultation: VAT The place of supply of services to non-taxable persons March 2005 ETNO Reflection Document on EC consultation: VAT The place of supply of services to non-taxable persons Executive Summary: The EU Commission has in 2004 made proposals for the place of supply

More information

Bachelor of Business Management International Business

Bachelor of Business Management International Business Bachelor of Business Management International Business Fulltime Professional Bachelor Programme Admission 2015-2016 1/11 Faculty of Management and Technology Nationalestraat 5 B-2000 Antwerpen International

More information

FAQs. bau-muenchen.com/ Questions of a general nature SAVE THE DATE. What branches of industry and topics does BAU cover?

FAQs. bau-muenchen.com/ Questions of a general nature SAVE THE DATE. What branches of industry and topics does BAU cover? bau-muenchen.com/ FAQs SAVE THE DATE BAU 2017 Date: Jan 16-21, 2017 Questions of a general nature What branches of industry and topics does BAU cover? BAU presents architecture, materials and systems for

More information

TAXATION OF INCOME FROM PROPERTY TAX YEAR 2013(1 st July 2012 TO 30 th June 2013) (SECTIONS 15, 16, 155 & 169)

TAXATION OF INCOME FROM PROPERTY TAX YEAR 2013(1 st July 2012 TO 30 th June 2013) (SECTIONS 15, 16, 155 & 169) (1 st July 2012 TO 30 th June ) (SECTIONS 15, 16, 155 & 169) BASIS OF ATION 1. Income from property is taxable as a separate block of income on gross rental receipts. In Finance Act 2010 words section155

More information

SETTING UP IN. France FACTS & FIGURES

SETTING UP IN. France FACTS & FIGURES SETTING UP IN France FACTS & FIGURES 02 NIS Global is an international group of independent accounting and advisory firms set up to provide mutual clients with support as they establish and maintain operations

More information

The Special Non-resident Tax Regime for Expatriate Employees in Belgium

The Special Non-resident Tax Regime for Expatriate Employees in Belgium H UMAN C APITAL t The Special Non-resident Tax Regime for Expatriate Employees in Belgium Contents 1. Qualifying Conditions 2. The special tax regime a. Generalities b. Non-taxable allowances c. Calculation

More information

Film Financing and Television Programming: A Taxation Guide

Film Financing and Television Programming: A Taxation Guide Film Financing and Television Now in its seventh edition, KPMG LLP s ( KPMG ) Film Financing and Television (the Guide ) is a fundamental resource for film and television producers, attorneys, tax executives,

More information

www.ag.ch/steuern 1 of 10

www.ag.ch/steuern 1 of 10 Date of issue 1 st January 2011 DEPARTMENT OF FINANCE AND RESOURCES Cantonal Tax Administration Modifications Valid as of 2007 LEAFLET Contents 1. Holding Companies...2 1.1 Legal Bases...2 1.2 General...2

More information

Guide on the New Place of Supply of Services Rules

Guide on the New Place of Supply of Services Rules Guide on the New Place of Supply of Services Rules Introduction: The new place of supply of services rules in the VAT Act (Chapter 406 of the Laws of Malta) are transposed from Council Directive 2008/8/EC

More information

FOCUS. FOCUS 10 Tips to Reclaim VAT on Foreign Business Travel Expense

FOCUS. FOCUS 10 Tips to Reclaim VAT on Foreign Business Travel Expense FOCUS 10 Tips to Reclaim VAT on Foreign Business Travel Expense 3 10 Tips to Reclaim VAT on Foreign Business Travel Expense INTRODUCTION Since January 1st 2010, recovery claims for VAT invoiced in the

More information

CeBIT price list. Internet of Things. Mobile Big Data. Cloud. Security. Social Business. 14 18 March 2016 Hannover Germany cebit.

CeBIT price list. Internet of Things. Mobile Big Data. Cloud. Security. Social Business. 14 18 March 2016 Hannover Germany cebit. CeBIT price list 14 18 March 2016 Hannover Germany cebit.com All our services at a glance Security Social Business Internet of Things Mobile Big Data Cloud Global Event for Digital Business Space and charges

More information

The Vagaries of International VAT Including the Recent Introduction of MOSS! Melanie Lord, VAT Specialist Streets Chartered Accountants

The Vagaries of International VAT Including the Recent Introduction of MOSS! Melanie Lord, VAT Specialist Streets Chartered Accountants The Vagaries of International VAT Including the Recent Introduction of MOSS! Melanie Lord, VAT Specialist Streets Chartered Accountants VAT Issues & Concerns Relating to International Trade Agenda 1. Different

More information

Fundamentals Level Skills Module, Paper F6 (CZE)

Fundamentals Level Skills Module, Paper F6 (CZE) Answers Fundamentals Level Skills Module, Paper F6 (CZE) Taxation (Czech) Vitrea s. r. o. December 20 Answers and Marking Scheme Marks 20 corporate income tax liability Accounting revenues: Proceeds from

More information

VAT guide should I register for VAT?

VAT guide should I register for VAT? VAT guide should I register for VAT? associates ltd Should I register for VAT? This guide will give you an understanding as to whether you should register, what the various schemes are for small businesses

More information

HEALTH SERVICE EXECUTIVE NATIONAL FINANCIAL REGULATION VALUE-ADDED TAX NFR-16

HEALTH SERVICE EXECUTIVE NATIONAL FINANCIAL REGULATION VALUE-ADDED TAX NFR-16 HEALTH SERVICE EXECUTIVE NATIONAL FINANCIAL REGULATION VALUE-ADDED TAX NFR-16 NFR-16 Value-Added Tax 16.1 Introduction on page 3 16.2 VAT Registration on page 8 16.3 Supply of Goods on page 11 16.4 Supply

More information

City and County of Denver, Colorado CREDIT CARDS FROM GOVERNMENTAL ORGANIZATIONS

City and County of Denver, Colorado CREDIT CARDS FROM GOVERNMENTAL ORGANIZATIONS City and County of Denver, Colorado TAX GUIDE Topic No. 91 CREDIT CARDS FROM GOVERNMENTAL ORGANIZATIONS The Denver Revised Municipal Code (DRMC) exempts from sales and lodger s tax all sales to the United

More information

GLOBAL INDIRECT TAX. Netherlands. Country VAT/GST Essentials. kpmg.com TAX

GLOBAL INDIRECT TAX. Netherlands. Country VAT/GST Essentials. kpmg.com TAX GLOBAL INDIRECT TAX Netherlands Country VAT/GST Essentials kpmg.com TAX b Netherlands: Country VAT/GST Essentials Netherlands: Country VAT/GST Essentials Contents Scope and Rates 2 What supplies are liable

More information

CONTINIA SOFTWARE A/S TERMS AND CONDITIONS OF SOFTWARE LICENSE (WITH NON-TERMINABLE ENHANCEMENT PLAN)

CONTINIA SOFTWARE A/S TERMS AND CONDITIONS OF SOFTWARE LICENSE (WITH NON-TERMINABLE ENHANCEMENT PLAN) CONTINIA SOFTWARE A/S TERMS AND CONDITIONS OF SOFTWARE LICENSE (WITH NON-TERMINABLE ENHANCEMENT PLAN) 1. THE LICENSE 1.1. On these terms and conditions Continia Software A/S hereby gives the license holder

More information

Revision of Consumption Taxation on Cross-border Supplies of Services

Revision of Consumption Taxation on Cross-border Supplies of Services For foreign es Revision of Consumption Taxation on Cross-border Supplies of Services National Tax Agency, May 2015 In accordance with the Act for Partial Revision of the Income Tax Act and Other Acts (Act

More information

European VAT - Business and Taxation Guide EUROPEAN VALUE ADDED TAX (VAT)

European VAT - Business and Taxation Guide EUROPEAN VALUE ADDED TAX (VAT) European VAT - Business and Taxation Guide EUROPEAN VALUE ADDED TAX (VAT) 2 European VAT - Business and Taxation Guide Preface This European Value Added Tax (VAT) guide was prepared by Bert Laman, LL.M,

More information

INVITATION. Join the National Danish Pavilion at MEDICA 2015

INVITATION. Join the National Danish Pavilion at MEDICA 2015 INVITATION Join the National Danish Pavilion at MEDICA 2015 the most important trade fair for companies working in all areas of healthcare Düsseldorf, Germany, 16-19 November 2015 Registration Deadline:

More information

FAQs. www.ifat.de. Save the date. You can find the answers to frequently asked questions regarding IFAT here. Registration/ticket purchase

FAQs. www.ifat.de. Save the date. You can find the answers to frequently asked questions regarding IFAT here. Registration/ticket purchase www.ifat.de FAQs You can find the answers to frequently asked questions regarding IFAT here. Save the date IFAT Date: May 14-18, 2018 Registration/ticket purchase Where can I purchase my visitor ticket?

More information

Application Date : Travel Date : Full Name : Surname : Email Address : Purpose of Visit :

Application Date : Travel Date : Full Name : Surname : Email Address : Purpose of Visit : Application Date : Travel Date : Full Name : Surname : Email Address : Purpose of Visit : Please note that all supporting documents must be in English. Documents submitted in Spanish will be interpreted

More information

DOING BUSINESS IN GERMANY Overview on Taxation

DOING BUSINESS IN GERMANY Overview on Taxation DOING BUSINESS IN GERMANY Overview on Taxation March 2015 1. Introduction 1.1. Generally, taxes are administered and enforced by the competent local tax office. These local tax offices administer in particular

More information

ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ON TRAVEL INDUSTRY

ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ON TRAVEL INDUSTRY ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ON TRAVEL INDUSTRY Publication Date Published: 14 April 2016. The Guide on Travel Industry revised as at 6 April 2015 is withdrawn and replaced by the

More information

Applications for Schengen visas (short term visit visa) should be submitted to FedEx/Gerry s application center in Islamabad.

Applications for Schengen visas (short term visit visa) should be submitted to FedEx/Gerry s application center in Islamabad. Visa Info: Denmark Tourist/ Visit visa: General Information On April 5, 2010 regulation no. 810/2009 of the European Parliament and of the Council establishing a Community Code on Visas (Visa Code) entered

More information

ABA Section of International Law 2006 Spring Meeting 5 8 April 2006, New York

ABA Section of International Law 2006 Spring Meeting 5 8 April 2006, New York ABA Section of International Law 2006 Spring Meeting 5 8 April 2006, New York CROSS-BORDER EMPLOYMENT AND GLOBAL MOBILITY ISSUES IN EUROPE AND LATIN AMERICA: A CLOSER LOOK AT INTERNATIONAL ASSIGNMENTS

More information

TBBO BUSINESS SYMPOSIUM NOVEMBER 20, 2015 A LA CARTE PAVILION

TBBO BUSINESS SYMPOSIUM NOVEMBER 20, 2015 A LA CARTE PAVILION TBBO BUSINESS SYMPOSIUM NOVEMBER 20, 2015 A LA CARTE PAVILION Tampa Bay Business Owners (TBBO) is the Bay Area s premier community of entrepreneurs and business owners who come together for education,

More information

2. What is the VAT Retail Export Scheme?

2. What is the VAT Retail Export Scheme? 1. Introduction This Notice tells you how to get a tax refund on goods bought in the UK from shops operating the VAT Retail Export Scheme. Full details on the operation of the Scheme can be found in VAT

More information

Austrian Asset Management News Tax and Regulatory Reporting

Austrian Asset Management News Tax and Regulatory Reporting www.pwc.at/newsletter Austrian Asset Management News Tax and Regulatory Reporting Issue 3, July 2013 AIFMD Impacts on Austrian Tax Rules Editorial The implementation of the AIFMD will significantly change

More information

ARBITRATOR S GUIDELINES

ARBITRATOR S GUIDELINES ARBITRATOR S GUIDELINES 2 August 2014 Address: P.O. Box 16050 103 21 Stockholm, Sweden Phone: + 46 8 555 100 00 Fax: + 46 8 566 316 00 arbitration@chamber.se www.sccinstitute.com 2 INTRODUCTION The purpose

More information

The statements are presented in pounds sterling and have been prepared under IFRS using the historical cost convention.

The statements are presented in pounds sterling and have been prepared under IFRS using the historical cost convention. Note 1 to the financial information Basis of accounting ITE Group Plc is a UK listed company and together with its subsidiary operations is hereafter referred to as the Company. The Company is required

More information

Before you make the move*...

Before you make the move*... Before you make the move*... Legalising your stay in the Czech Republic *connectedthinking 2010 PricewaterhouseCoopers Česká republika, s.r.o. All rights reserved. PricewaterhouseCoopers refers to PricewaterhouseCoopers

More information

EUROPEAN COMMISSION DIRECTORATE-GENERAL FOR TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration VAT and other turnover taxes

EUROPEAN COMMISSION DIRECTORATE-GENERAL FOR TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration VAT and other turnover taxes EUROPEAN COMMISSION DIRECTORATE-GENERAL FOR TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration VAT and other turnover taxes TAXUD/1032/07-EN Part 9 VAT in the European Community APPLICATION

More information

SPONSORSHIP/ADVERTIZING OPPORTUNITIES

SPONSORSHIP/ADVERTIZING OPPORTUNITIES SPONSORSHIP/ADVERTIZING OPPORTUNITIES 30 th Conference of the European Colloid and Interface Society Rome, 4-9 September 2016 SPONSORSHIP/ADVERTIZING OPPORTUNITIES We invite you to take advantage of this

More information

TOLLEY S VALUE ADDED TAX 2014 (SECOND EDITION)

TOLLEY S VALUE ADDED TAX 2014 (SECOND EDITION) TOLLEY S VALUE ADDED TAX 2014 (SECOND EDITION) Excerpt from chapter 63: Special Schemes To order your copy of Tolley s Value Added Tax 2014 visit www.lexisnexis.co.uk or call 0845 370 1234. Special scheme

More information

ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE

ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ON LEGAL PRACTITIONERS CONTENTS INTRODUCTION... 1 Overview of Goods and Services Tax (GST)... 1 GST TREATMENT FOR THE INDUSTRY... 1 FREQUENTLY ASKED

More information

FAQs for Directions EMEA 2016. Prague, October 12-14

FAQs for Directions EMEA 2016. Prague, October 12-14 FAQs for Directions EMEA 2016 Prague, October 12-14 What is included in the conference fee for a regular attendee? How should the VAT and reverse charge procedures be handled? How many attendees are expected

More information

Value-Added Tax (VAT)

Value-Added Tax (VAT) June 2015 MY SMALL BUSINESS Value-Added Tax (VAT) What you need to know www.sars.gov.za 0800 00 7277 Value-Added Tax Value-Added Tax (VAT) is an indirect tax based on consumption of goods and services

More information

Housing Benefit / Council Tax Support Full self-employed income form

Housing Benefit / Council Tax Support Full self-employed income form Housing Benefit / Council Tax Support Full self-employed income form Please complete all sections About you Name Address Claim No/ NINO Home telephone number Work telephone number Mobile telephone number

More information

Fire Protection Tax Act

Fire Protection Tax Act Übersetzung durch den Sprachendienst des Bundesministeriums der Finanzen. Translation provided by the Language Service of the Federal Ministry of Finance. Stand: Die Übersetzung berücksichtigt die Änderung(en)

More information

Current Changes in German Corporate Tax Law Tax Germany

Current Changes in German Corporate Tax Law Tax Germany Current Changes in German Corporate Tax Law Tax Germany Newsletter December 23, 2010 For further information please contact: Duesseldorf: Dr. Stephan Schnorberger stephan.schnorberger@ bakermckenzie.com

More information

We are responding to the consultation entitled VAT: Mini One Stop Shop Consequential amendments to the VAT Regulations 1995 (SI 1995/2518).

We are responding to the consultation entitled VAT: Mini One Stop Shop Consequential amendments to the VAT Regulations 1995 (SI 1995/2518). Ref: ITX 1 September 2014 Andy Heywood HMRC, VAT Supply Policy Team, Indirect Tax Directorate, 3rd Floor, 100 Parliament Street, London, SW1A 2BQ. via e-mail: andrew.heywood@hmrc.gsi.gov.uk Dear Mr Heywood

More information

Starting a Business in Germany

Starting a Business in Germany KWWM Kleppeck, Welbers, Winkel & Partner Steuerberatungsgesellschaft Kurfürstendamm 179. 10707 Berlin T.: 030 885 735-0. F.: 030 885 735-98 Web: www.kwwm.de. E-Mail: willlkommen@kwwm.de Starting a Business

More information

EXHIBITOR LEAD RETRIEVAL SYSTEMS

EXHIBITOR LEAD RETRIEVAL SYSTEMS EXHIBITOR LEAD RETRIEVAL SYSTEMS ORDER FORM Company / Booth Contact person Email Address Mobile (Onsite Contact) VAT (UID) Number SCANNERS Orders before March 18 th Orders after March 18 th Units total

More information

FISCAL ASPECTS REGARDING TRADING COMPANIES IN ROMANIA

FISCAL ASPECTS REGARDING TRADING COMPANIES IN ROMANIA FISCAL ASPECTS REGARDING TRADING COMPANIES IN ROMANIA Author: Dragomir & Asociatii Law Office Law Firm: Dragomir & Asociatii Law Office Published on: August 2011 Updated on: August 2011 1. Premises In

More information

COMMISSION STAFF WORKING DOCUMENT. on the implementation of the definitive VAT regime for intra-eu trade

COMMISSION STAFF WORKING DOCUMENT. on the implementation of the definitive VAT regime for intra-eu trade EUROPEAN COMMISSION Brussels, 29.10.2014 SWD(2014) 338 final COMMISSION STAFF WORKING DOCUMENT on the implementation of the definitive VAT regime for intra-eu trade EN EN 1. INTRODUCTION In international

More information

HOTEL OCCUPANCY TAX USE GUIDELINES UNDER TEXAS STATE LAW FUNDING APPLICATION FORM

HOTEL OCCUPANCY TAX USE GUIDELINES UNDER TEXAS STATE LAW FUNDING APPLICATION FORM HOTEL OCCUPANCY TAX USE GUIDELINES UNDER TEXAS STATE LAW FUNDING APPLICATION FORM State Law: By law of the State of Texas, the City of Victoria collects a Hotel Occupancy Tax (HOT) from hotels, bed & breakfasts,

More information

Value Added Tax (VAT)

Value Added Tax (VAT) PKF Taxation Services Ltd Value Added Tax (VAT) www.pkfea.com Global Expertise Local Knowledge Definition VAT is a general consumption tax assessed on the value of goods and services It applies to all

More information

VAT GENERAL INFORMATION FOR BUSINESSES

VAT GENERAL INFORMATION FOR BUSINESSES VAT GENERAL INFORMATION FOR BUSINESSES SUPPLIERS OF SERVICES These notes are mainly intended for suppliers of services who are registered under article 10 of the VAT Act. If you are registered as an exempt

More information

Ministry Of Finance VAT Department. VAT Guidance for Land and Property Version 4: November 1, 2015

Ministry Of Finance VAT Department. VAT Guidance for Land and Property Version 4: November 1, 2015 Ministry Of Finance VAT Department VAT Guidance for Land and Property Version 4: November 1, 2015 Introduction This guide is intended to provide businesses supplying land and property within The Bahamas

More information

IRAS e-tax Guide. GST: Travel Industry (Sixth Edition)

IRAS e-tax Guide. GST: Travel Industry (Sixth Edition) IRAS e-tax Guide GST: Travel Industry (Sixth Edition) Published by Inland Revenue Authority of Singapore Published on 01 Oct 2012 First edition on Jan 1994 Second edition on Apr 2003 Third edition on 01

More information

The basic EU VAT rules for electronically supplied services explained for micro businesses

The basic EU VAT rules for electronically supplied services explained for micro businesses The basic EU VAT rules for electronically supplied services explained for micro businesses From 1 January 2015, telecommunications, broadcasting and electronically supplied services are always taxed in

More information

ECOMMERCE FORUM AFRICA (EFA)

ECOMMERCE FORUM AFRICA (EFA) ECOMMERCE FORUM AFRICA (EFA) Submission to the Davis Tax Committee (DTC) on ecommerce and Indirect tax in South Africa. The Ecommerce Forum Africa (EFA) much appreciates this opportunity to submit its

More information

EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration Value Added Tax

EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration Value Added Tax EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration Value Added Tax UPDATED January 2016 VAT IN THE EUROPEAN COMMUNITY VADEMECUM FOR THE ELECTRONIC

More information

VAT FACT SHEET. Introduction

VAT FACT SHEET. Introduction VAT FACT SHEET Introduction This Fact Sheet sets out some general VAT principles and addresses some key VAT issues which arise for members of Theatre Forum and is aimed at both production companies and

More information

Management Report Atmosphere brings profit. A study of Christmas Decorations in German Shopping Centres

Management Report Atmosphere brings profit. A study of Christmas Decorations in German Shopping Centres Management Report Atmosphere brings profit A study of Christmas Decorations in German Shopping Centres Executive Summary Importance of Christmas decorations in shopping centres Despite changing values

More information

Fundamentals Level Skills Module, Paper F6 (IRL)

Fundamentals Level Skills Module, Paper F6 (IRL) Answers Fundamentals Level Skills Module, Paper F6 (IRL) Taxation (Irish) December 2015 Answers and Marking Scheme Section A 1 C (40,000 + 12,000 + 100,000) = 152,000 152,000 x 85% x 4% = 5,168 2 B 80,000

More information

112. TRAVEL AGENT S (OTHER THAN AIR OR RAIL) SERVICES

112. TRAVEL AGENT S (OTHER THAN AIR OR RAIL) SERVICES 112. TRAVEL AGENT S (OTHER THAN AIR OR RAIL) SERVICES (A) Date of Introduction: 10.09.2004 vide Finance ( No2 ), Act, 2004 (B) Definition and scope of service: Travel agent means any person engaged in

More information

The Danish Act on the Central Business Register

The Danish Act on the Central Business Register The Danish Act on the Central Business Register Consolidated Act No. 598 of June 22, 2000 cf. Act No. 417 of May 22, 1996, as subsequently amended by section 2 in Act No. 295 of May 2, 2000 Unauthorized

More information

Legal status on 31.12.2014. Bookkeeping Rules

Legal status on 31.12.2014. Bookkeeping Rules Bookkeeping Rules 1. The regulations governing and affecting the bookkeeping rules in Poland Key issues related to the bookkeeping are regulated in the Polish law in the following acts: The Accounting

More information

German Tax Facts. The Expatriate Financial Guide to Germany

German Tax Facts. The Expatriate Financial Guide to Germany The Expatriate Financial Guide to Germany German Tax Facts Introduction Tax Year Assessment Basis Income Tax Taxation in Germany occurs at a national and municipal level. The Ministry of Finance controls

More information

CHAPTER VI CALCULATION OF VAT PAYABLE AND INPUT TAX CREDIT

CHAPTER VI CALCULATION OF VAT PAYABLE AND INPUT TAX CREDIT 25. alculation of VAT Payable HAPTER VI ALULATION OF VAT PAYABLE AND INPUT TAX REDIT (1) Subject to sub rule 2 of this rule the tax payable on a taxable turnover is calculated by applying the rate of VAT

More information

FYB FINANCIAL. www.financial-yearbook.de english edition PRIVATE EQUITY YEARBOOK GERMANY ALTERNATIVE TYPES OF FINANCING THE REFERENCE BOOK

FYB FINANCIAL. www.financial-yearbook.de english edition PRIVATE EQUITY YEARBOOK GERMANY ALTERNATIVE TYPES OF FINANCING THE REFERENCE BOOK www.financial-yearbook.de english edition FYB FINANCIAL YEARBOOK GERMANY PRIVATE EQUITY ALTERNATIVE TYPES OF FINANCING THE REFERENCE BOOK FOR AND ENTREPRENEURS INVESTORS sponsored by Dr. Hans-Martin Schmid

More information

VAT Rules for supplies of Broadcasting, Telecommunications and Electronic Provided Services

VAT Rules for supplies of Broadcasting, Telecommunications and Electronic Provided Services VAT Rules for supplies of Broadcasting, Telecommunications and Electronic Provided Services From 1 January 2015, there are major changes to the VAT treatment of Broadcasting, Telecommunications and Electronically

More information

US estate and gift tax rules for resident and nonresident aliens

US estate and gift tax rules for resident and nonresident aliens US estate and gift tax rules for resident and nonresident aliens Content Non-US citizens may be subject to US estate and gift taxation. If you fit into this category, do you understand the potential tax

More information

PAGES 2-3 DECLARATION FOR EXEMPTION OF AN INDIVIDUAL FROM THE DEDUCTION OF SPECIAL DEFENCE CONTRIBUTION ON INTEREST

PAGES 2-3 DECLARATION FOR EXEMPTION OF AN INDIVIDUAL FROM THE DEDUCTION OF SPECIAL DEFENCE CONTRIBUTION ON INTEREST PAGES 2-3 DECLARATION FOR EXEMPTION OF AN INDIVIDUAL FROM THE DEDUCTION OF SPECIAL DEFENCE CONTRIBUTION ON INTEREST PAGES 4-5 DECLARATION FOR EXEMPTION OF A COMPANY FROM THE DEDUCTION OF SPECIAL DEFENCE

More information

VAT GENERAL INFORMATION FOR BUSINESSES

VAT GENERAL INFORMATION FOR BUSINESSES VAT GENERAL INFORMATION FOR BUSINESSES ELECTRONIC SERVICES PROVIDERS These notes are intended for persons who provide Electronic Services and who are either established in Malta or established outside

More information

EU: 2015 Place of Supply Changes Changes to the VAT place of supply for e-services

EU: 2015 Place of Supply Changes Changes to the VAT place of supply for e-services EU: 2015 Place of Supply Changes Changes to the VAT place of supply for e-services EU: 2015 Changes to the place of supply From 1 January 2015, supplies of telecommunications, broadcasting and electronically

More information

Taxation of aircraft financing in Germany

Taxation of aircraft financing in Germany Financial institutions Energy Infrastructure, mining and commodities Transport Technology and innovation Life sciences and healthcare Taxation of aircraft financing in Germany Briefing September 2013 1

More information

Alien Tax Home Representation Form

Alien Tax Home Representation Form Alien Tax Home Representation Form I have reviewed the attached tax home information for aliens and/or have consulted with my tax advisor and make the following good faith representation (please check

More information

Rights of residence for researchers from non-eu countries in Germany. Overview on potential residence permits pursuant to the German Residence Act

Rights of residence for researchers from non-eu countries in Germany. Overview on potential residence permits pursuant to the German Residence Act Rights of residence for researchers from non-eu countries in Germany Overview on potential residence permits pursuant to the German Residence Act Overview on potential residence permits for researchers

More information

Other As levied or applicable 00440113 Penalty/interest ( Rate of tax is effective from 24.02.2009.)

Other As levied or applicable 00440113 Penalty/interest ( Rate of tax is effective from 24.02.2009.) 70. MARKET RESEARCH AGENCY S SERVICES A. Date of Introduction: 16.10.1998 vide Notification No.53/98-ST dt. 07.10.1998. B. Definition and scope of service: Market research agency means any person engaged

More information

GLOBAL INDIRECT TAX. Germany. Country VAT/GST Essentials. kpmg.com TAX

GLOBAL INDIRECT TAX. Germany. Country VAT/GST Essentials. kpmg.com TAX GLOBAL INDIRECT TAX Germany Country VAT/GST Essentials kpmg.com TAX b Germany: Country VAT/GST Essentials Germany: Country VAT/GST Essentials Contents Scope and Rates 2 What supplies are liable to VAT?

More information

Professional Level Options Module, Paper P6 (UK) 1 Jodie

Professional Level Options Module, Paper P6 (UK) 1 Jodie Answers Professional Level Options Module, Paper P6 (UK) Advanced Taxation (United Kingdom) June 2015 Answers 1 Jodie Paragraphs for inclusion in a letter from manager Client Jodie Prepared by Tax senior

More information

Brexit The Luxembourg tax angle

Brexit The Luxembourg tax angle www.pwc.lu/tax Brexit The Luxembourg tax angle 19 July 2016 In brief The UK voters chose, on 23 June 2016, to exit from the EU ( Brexit ). How and when the exit will happen needs to be determined by the

More information