News & Analysis as of

Tax Exemptions Value-Added Tax (VAT)

Cadwalader, Wickersham & Taft LLP

Missing the Target

In Target Group Ltd v HMRC [2023] UKSC 35 (“Target”), the United Kingdom’s Supreme Court has held that the loan services which the taxpayer company provided to a bank were not exempt from VAT. ...more

White & Case LLP

Bill Amending the Corporate Tax Law and Value Added Tax Law and Introducing Additional Motor Vehicle Tax are submitted to the...

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After February 6, 2023, in order to meet the financing needs arising from the earthquake in Kahramanmaraş, a legislative proposal was submitted to the parliament which establishes an Additional Motor Vehicle Tax for 2023 and...more

Hogan Lovells

Welcoming Indonesia New Capital City – A Gift of Investment from Indonesia

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On 15 February 2022, the Indonesian Government formalised its intention to relocate the capital from Jakarta to an undeveloped area in Kalimantan island, to be named “Nusantara” under Law No. 3 of 2022 regarding the State...more

Cadwalader, Wickersham & Taft LLP

Sub-Participations Are VAT Exempt Under EU Law

The Court of Justice of the European Union (the “CJEU”) held on 6 October 2022 in O. Fundusz lnwestycyjny zamknięty reprezentowany przez O S.A. (Case C-250/21) (the “O Fundusz case”) that the supply of services provided by a...more

Cadwalader, Wickersham & Taft LLP

EU Advocate-General Opined Sub-Participation Not within VAT Exemption for Granting Credit

In O. Fundusz lnwestycyjny Zamknięty reprezentowany przez O S.A. (Case C-250/21) (the “O Fundusz case”), Advocate-General Medina (the “AG”) of the Court of Justice of the European Union (“CJEU“) opined that the supply of...more

Proskauer Rose LLP

UK Tax Round Up - March 2021

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Spring Budget and Tax Day - After months of speculation about the possibility that capital gains tax (CGT) rates would be increased in the Spring Budget, both it and the government’s follow up “Tax Day” on 23 March passed...more

Proskauer Rose LLP

UK Tax Round Up - January 2021

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UK COVID-19 Developments - Extension of support for retail, leisure and hospitality businesses - Further to the extension of the Coronavirus Job Retention Scheme (or furlough scheme), reported in the November issue of...more

Holland & Knight LLP

Venezuela Update: January 19, 2021

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Holland & Knight's Venezuela Focus Team invites you to read our Venezuela Update, in which we discuss the latest news, trends and developments in Venezuela that impact the interests of businesses across all industry sectors....more

Proskauer Rose LLP

UK Tax Round Up - November 2020

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UK COVID-19 Developments - Extension of support for employed and self-employed workers - On 5 November, the UK Chancellor announced the extension of the Coronavirus Job Retention Scheme (or furlough scheme) to the end...more

Holland & Knight LLP

Proyecto de ley de reforma tributaria presentado ante el Congreso en Colombia

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On November 26, 2019, the presentation of the Tax Reform was made that would replace Law 1943 of 2018 (Financing Law) before the Congress of the Republic in Colombia. In the debate the text proposed for the bill was presented...more

Proskauer Rose LLP

UK Tax Round Up - December 2018

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UK Developments - Taxpayer succeeds in judicial review case against HMRC - On 22 November 2018, the Upper Tribunal published its decision on the judicial review case of R. (on the application of Vacation Rentals (UK)...more

Holland & Knight LLP

Exclusión del IVA en la Importación y Enajenación de Computadores en Colombia

Holland & Knight LLP on

Por considerarlo de su interés, le informamos que el 10 de septiembre de 2018 el Ministerio de Hacienda y Crédito Público en Colombia divulgó un proyecto de Decreto "Por el cual se modifica el Decreto 1625 de 2016 Único...more

Proskauer Rose LLP

Tax Round Up - April 2017

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Welcome to the Tax Round Up, the first edition of what will be a regular bulletin highlighting the latest tax developments relevant to UK companies and asset managers. We plan to produce this monthly with the next one in...more

King & Spalding

United States Challenges Chinese Tax Exemptions for Aircraft at the WTO

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On December 8, the United States launched a dispute (DS501) at the World Trade Organization (WTO) regarding tax exemptions on certain Chinese-produced aircraft. The United States has requested consultations with China, which...more

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