VAT news tagged as "Discounts"

Brazil

Brazil VAT/IPI exclusive of discounts

September 13th, 2014

Brazil is to follow common Value Indirect Tax practise and exclude unconditionsl discounts from the calculation of indirect tax on manufacturing, Impostos sobre Produtos Industrializados (IPI). Brazilian IPI rates vary from 0% to over 300%, depending on the products. The Supreme Court of Brazil this month concluded that the Brazilian VAT / IPI calculation should …


Germany

German VAT on intermediary discounts

February 23rd, 2014

The European Court of Justice (ECJ) has provided guidance on situations where an intermediary provides a discount on services, and the resulting German VAT treatment. Germany VAT discounts The case in question concerned a German holiday agent (intermediary).  It sold on the holiday packages of tour operators to final customers.  In return, it received a …