13/11/2023
Featured articles
European Union: Place of supply of live virtual events
In a change to the VAT rules, from 1 January 2025, live virtual events will be deemed to be supplied in the jurisdiction where the attendees are established, have their permanent address, or usually reside. EU member states are able to apply reduced rates of VAT to certain of these virtual events.
Australia: GST treatment of frozen food products
The Federal Court of Australia has ruled that a series of frozen food products were not GST-free. The issue in dispute was whether the frozen food products were each “food of a kind” that is within the category or genus of “ … food marketed as a prepared meal …”, and accordingly excluded from being GST-free.
Netherlands: VAT treatment of pension fund management services
The Court of Justice of the European Union has heard a case on the VAT exemption for management services. The key question was whether the pension fund’s participants bear the investment risk. If so, the fund qualifies as a “special investment fund” and fees for its management are exempt from VAT.
South Africa: EU CBAM impact on South African businesses
The EU’s Carbon Border Adjustment Mechanism aims to mitigate the risk of carbon leakage and ensure the effectiveness of EU climate measures. During the transitional phase, importers of certain goods into the EU are subject to reporting obligations, with the first reports due on 31 January 2024.
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