Global Financial Services Indirect Tax News

April 2016

Featured Articles

• The effect of the CJEU judgment in Fiscale Eenheid X (C-595/13) on the management of special investment funds
  

Asia Pacific

• China - Reform of the FSI VAT system

• Malaysia - Accounting for the reverse charge

• Malaysia - Penalty for late payment of taxes

• Malaysia - Update to the financial services guides
  

EMEA

• Denmark - VAT recovery for UCITS investment funds with non-EU customers
• Denmark - Sectorized pro rata VAT recovery for VAT groups

• Denmark - Scope of payment processing exemption may be reduced

• Finland - Cases on the VAT treatment of special investment funds

• Finland - Ruling on VAT treatment of services of settlement and payment processing

• Finland - Ruling on VAT treatment of services in relation to business restructuring

• Germany - New guidelines on the sale and purchase of non-performing loans

• Netherlands - VAT treatment of fees charged by stock exchanges and brokers to (high frequency) traders

• Netherlands - VAT treatment of fees charged by asset manager for clients that invest via a Dutch vehicle (Beleggersgiro)

• Poland - Exemption from VAT for services provided by an independent group of persons

• Poland - Court of Justice of the European Union confirms insurance outsourcing not exempt

• Sweden - Guidance on the VAT treatment of factoring services

• UK - Draft legislation on ‘use and enjoyment’ of insurance repairs

• UK - Supreme Court to hear hire purchase pro rata case
  

Archive

• Global Indirect Tax FSI News: December 2015
• Global Indirect Tax FSI News: August 2015
• Global Indirect Tax FSI News: June 2015

• Global Indirect Tax FSI News: January 2015