Global Financial Services Indirect Tax News

June 2015

Featured Articles

• Transfer Pricing and VAT
  

Asia Pacific

• Singapore – GST treatment of fund management services
  

EMEA

• Belgium – VAT treatment of management services provided to alternative investment funds

• Belgium – Guidance on how the outcome of the CJEU Skandia decision will affect the Belgian VAT rules

• Belgium – Guidance following the CJEU’s decision in Deutsche Bank (C-44/11)

• Denmark – VAT treatment of insurance price comparison websites

• Finland –Supreme Administrative Court decision on the VAT treatment of factoring services

• Germany – Updated guidance on the VAT treatment of security and custody services

• Hungary – Guidance following Skandia (C-7/13)

• Italy – Split payment mechanism introduced

• Italy – New domestic reverse charge measures introduced

• Poland – CJEU referral on claims handing exemption

• Portugal – Supreme Court decision on finance leasing

• Sweden – Updated guidance on the VAT treatment of insurance services provided in connection with the supply of goods and services

• Sweden – CJEU ruling concerning incorrect VAT treatment of postal services in Sweden

• The Netherlands – First Tier Court case on the VAT treatment of services provided by stock exchanges and prime brokers

• The Netherlands – Cost sharing exemption abolished for pension administration services

• The Netherlands – High Court case on the VAT treatment of an industry pension fund

• UK – 2015 Budget announces implementation of Société Le Crédit Lyonnais (C- 388/11)

• UK – Tax authority guidance released concerning tripartite agreements and the scope for employers to recover fund management VAT