As regards the second essential characteristic of VAT (which states that the amount of VAT charged must be proportional to the price charged by the taxable person
in return for the goods and services which he has supplied), the Court observed that "IRAP is, in contrast, a tax charged on the net value of the production of an undertaking in a given period".
In the context of business-to-consumer trade, a special VAT treatment will apply for sales and transportation of goods by a taxable person
to a non-taxable person
in another GCC country.
The Taxable Person
or an official representative can register through the e-Services portal, available 24/7 on the FTA website, which was designed according to best international practises to facilitate registering for VAT, filing VAT returns, and paying due taxes, in addition to providing information and guides to raise public awareness around the tax system.
08 of 2017 on Value Added Tax, as well as its Executive Regulations, taxable persons
are required to retroactively settle the taxes due since the law went into effect on 1st January 2018, the FTA Director-General added.
Through the Ministry of Finance, which is authorised to issue tax legislation and policies, the Tax Procedures Law was issued earlier, to govern the relationship between the FTA and the taxable persons
The Commission's proposal to transition to the definitive system contemplates the concept of a CTP, whereby certified compliant taxable persons
would be allowed to purchase intra-EU cross-border goods free from VAT in the Member State of departure and pay VAT in the destination country (or via OSS, where established).
The author covers various P2P and network models of commerce, business models for P2P networks, taxable persons
and economic activity, identifying actors in P2P networks for VAT purposes, and a variety of other related issues and subjects.
She explained that the measures would be developed in line with the different types of taxes and taxable persons
The report suggests that the higher the VAT rate - many countries with budget problems have chosen this solution due to the economic crisis - the greater the level of non-compliance by taxable persons
, and compliance rates are already low due to the coexistence of multiple rates.
It says that taxable persons
affected by the change of the standard VAT rate must -- on the eve of the VAT increase - go through a stock-taking of their business which includes a quantitative measurement and assessment.
Then last June the Legislature, relying on the advice of the commissioner of revenue administration, enacted a far-reaching amendment that removed all partnerships, associations and LLCs--regardless of whether or not their shares are freely transferable--from the list of taxable persons
Recent directives try to more harmonize the application of VAT, combat fraud and make it easier for VAT taxable persons
to obtain a refund of VAT incurred in another member state.