VAT Payment

TAX MAG: VAT news in Europe

Keep up with the latest Intra-Community and European VAT news, decoded by our experts.

Focus: VAT Payment
VAT One-Stop Shops simplify VAT obligations for e-sellers within the European Union (EU): follow the guide!

Croatia – mandatory dual display of prices

As of January 1st 2023, the euro will become the official and customary currency in Croatia. From now on, it will be mandatory for companies to display prices in both HRK (Croatian kuna) and euro in their dealings with customers (commercial documents, price lists, offers, invoices etc.). This obligation only applies to...
7 October 2022

Luxembourg – Reduction of VAT rates envisaged

Following negotiations between the Luxembourg government, employers’ representatives and trade union representatives, the government plans to sign an agreement providing for a temporary reduction in the following VAT rates Le taux normal passerait de 17% à 16% Le taux intermédiaire de passerait de 14% à 13% Le taux réduit passerait de...
28 September 2022
The 2023 European Commission's report on VAT fraud reveals a significant reduction in the tax gap in 2021, confirming the effectiveness of the anti-fraud measures put in place. We present…

European Union – New taxation rules for virtual classroom events

On April 5th, 2022, the Council Directive (EU) 2022/542 is published and amends the Directive 2006/112/EC which governs the intra-Community VAT. Among the changes adopted, a new taxation rule concerning events (conferences, congresses, training courses, etc.) given in virtual classrooms. Articles 53 and 54, for taxable and non-taxable persons respectively, provide that the supply of...
21 April 2022

France – VAT reverse charge on import becomes mandatory and importing companies must obtain a VAT number

From 2022, the management, collection and control of VAT due on imports will be transferred to the tax authorities. This means that VAT will no longer be settled at customs and that the VAT reverse charge on import will be mandatory ! For this to happen, all companies importing goods ito France will have to register...
26 November 2021
Are you an e-MSP or CPO supplying electricity via electric charging stations or related services ? Discover the VAT implications and ensure your compliance in all EU countries.

Poland – Implementation of Fractional Payments

As part of implementing the split payment system in Poland, the Polish tax authorities published the white list of taxable persons on 1st September 2019. Among other things, this list includes the bank account numbers provided by the taxable persons implicated by this obligation, i.e. companies making sales (B2B) of more than PLN 15 000...
Country Briefs
20 July 2021

Romania: Fractional Payment Scheme Abolished

Following the rejection of its plan by the European Commission, and after several postponements, Romania has finally cancelled the introduction of the fractional payment scheme, a scheme that has already been implemented in Italy and Poland. However, Romania still intends to develop the SAF-T (Standard Audit File for Tax) which is an international standard for...
Country Briefs
18 July 2021

Romania – Split VAT Payment Abolished

From 1st February 2020 the split payment mechanism for VAT has been abolished. This mechanism obliged certain businesses receiving an invoice to settle the invoice they received by means of two separate transfers, one for the amount of the transaction and the other for the amount of VAT charged. The businesses concerned were those in...
Country Briefs
16 July 2021

Spain – Deadline for Filing and Paying VAT Extended

As a general rule, Spanish VAT returns must be submitted and paid by the 20th of the month following the reporting period. Exceptionally, VAT returns for December and the last quarter of 2019 are due by the last day of January following the reporting period.
Country Briefs
18 November 2019
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