The “Ordre des Experts Comptables de Tunisie” has signed today a convention with the tunisian ministry of Energy and small and medium business a convention that will create at the short term two CGA, and which will lead at the longer term to the creation of a CGA in each locality of the 24 localities […]

L’Ordre des Experts Comptables étudie la possibilité de créer des centres de gestion agrées en Tunisie en partenariat avec le ministère de l’energie et des petites et moyennes entreprises. ces centres de gestion auront pour mission d’accompagner l’étude des projets ainsi que le montage juridique des entreprises d’une part, et de fournir une aide […]

On 20 December 2005 the Belgian VAT administration restricted the right for taxpayers to deduct input VAT on goods purchased in their former capacity of non taxpayer. The Belgian VAT administration grounded this decision on two cases of the European Court of Justice, where the Court judged that out of article 17 of the […]

The Belgian Parliament approved on 27 December 2005 a program Bill containing various rules and regulations concerning VAT issues. One of the most remarkable tax measures which affect the VAT regulation is the introduction of a general anti-abuse rule in article 59 §3 of the Belgian VAT code.
This article allows the Belgian VAT authorities to […]

Assume buying a residence in Portugal. To finance your acquisition you can either take up a loan from a Portuguese bank or any other bank resident in other EU Member States. Interest paid to Portuguese banks will not be subject to a 20 % withholding tax, this will however be the case once the interests […]

L’Ordre des Experts Comptables de Tunisie (OECT) a organisé une rencontre débat au cours de la quelle des représentants du ministère des finances ont pu présenter la loi de finance pour la gestion 2006. Lors de cette rencontre débat, plusieurs intervenant du public ont soulevé le point sur la nécessité de plus de réforme et […]

Capital gains of non-residents
Spanish law provides for different tax treatment of capital gains depending on whether the taxpayer is resident or non-resident in Spain. According to rules which are available only to individuals resident in Spain, capital gains on assets derived from immovable property are subject to progressive taxation if the assets remain within the […]

The law “concerning various provisions” of 27 December 2005 inserts one the one hand a change concerning the storage period of invoices and on the other hand a change concerning the storage conditions for invoices.
The storage period shall reduce from 10 to 7 years (article 60§1, first indent, VAT code). As a consequence of this […]

In its judgment delivered on 12 january 2006, the ECJ has taken part for protection of innocent party to the so called VAT “carousel fraud”.
The cases were brought to the ECJ by three companies who had purchased computer components from a dealer in United Kingdom who absconded without paying the VAT. They resold the […]

On 23 December 2005 the European Commission published a Communication that aims at resolving the tax obstacles that small and medium enterprises face when they are doing business across borders in the internal market.

retrouvez sur ce lien le texte intégral de la loi de finance pour la gestion 2006 avec ses 62 articles en cliquant ici

The Belgian Parliament approved on 27 December 2005 a program Bill with various rules and regulations concerning VAT issues. The most remarkable tax measures which affect VAT are the introduction of a general anti-abuse rule and the rewriting of the article concerning the limitation of deduction for vehicles.
1. Anti- abuse provision
The program Bill introduces a […]

Stockholm’s congestion charge trial began on 3 January and will continue until the end of July 2006. The test period will be followed of a public referendum in the mid of September to decide whether the Stockholmers want the road taxes to be permanent.
It is estimated that the trail will cost over 2 billion […]

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Capital gains on shares are in general not considered as being taxable.
However when these shares are sold by the vendor to a company the administration tried to tax these capital gains qualifying them as diverse incomes.
Sometimes the courts followed the administration and sometimes they did not which resulted in uncertainty for the tax payer.
Recently […]

Intracommunity supplies are exempt from VAT, but as a counterpart the burden of proof is rather demanding.
In its judgement of 22 November 2005, the Court of Appeal of Ghent confirmed that in order to prove an exempt intracommunity supply of goods, the supplier needs to have all the documents relating to the dispatch or transportation […]