VAT refunds

Basic VAT exemption: 2022 thresholds within the European Union

Your company may be exempt from VAT, depending on its turnover: check the thresholds for basic VAT exemption in Europe.

Monaco – Transmission of VAT refund applications by electronic means

By Ministerial Order on VAT n°2021-574 on August 3rd 2021 published in the Official Monaco Newspaper, the authorities in Monaco have amended article A-128 J of the Turnover Tax Code for Monaco. From now on, companies established outside the European Union wishing to apply for a refund must submit their application electronically via their fiscal...

Country Briefs Principality of Monaco VAT refunds

18 August 2021

France – Change to VAT Recovery Rate on Petrol

In 2020, the VAT recovery rate on petrol was 60% for both commercial and passenger vehicles. This rate is increased to 80% for this year.

Country Briefs France Vehicles & Transport VAT refunds

3 January 2021

Netherlands – Exclusion of the Right to Deduction in the Netherlands for Goods and Services Used More Than 90% for Private Use

An EU Council Decision 2020/2189 on 18th December 2020 authorised the Netherlands to introduce a special measure overruling Articles 168 and 168a of Directive 2006/112/EC on the common system of value added tax. The Netherlands is authorised to exclude VAT due on goods and services from the right of deduction where the goods and services...

Country Briefs Netherlands VAT refunds

20 December 2020

France – Change of Threshold for Refund Claims by Individuals Residing Outside the European Union

The French customs authorities recently announced that from January 2021, the threshold for individuals residing outside the European Union to claim VAT refunds on purchases made in France is EUR 100, instead of the current threshold of EUR 175.

Country Briefs France VAT refunds

18 December 2020

Germany – German Case Law Clarifies the Conditions for VAT Deduction

In BFH Beschluss v. 18.05.2020 – XI B 105/19 it has been clarified that in order to benefit from the deduction of paid VAT, the invoice must provide a “sufficient description of the services supplied”. This item of German case law is a reminder to ensure vigilance when it comes to the form and content...

Country Briefs Germany VAT refunds

25 August 2020

Romania – Covid-19: VAT Refund and Preliminary Audit

Following the health crisis (covid-19), several fiscal measures have been announced. In particular, Romania plans to issue VAT refunds without preliminary audit. Tax audits may subsequently be carried out based on a risk analysis.

Country Briefs Romania Covid-19 VAT refunds

16 May 2020

Hungary – Covid-19: Faster VAT Refunds

In order to reduce the impact of the health crisis (covid-19), the Hungarian government has announced that VAT refunds will be made: within 30 days for small and medium-sized companies (normally 75 days) provided they are not considered to be at risk, within 20 days for taxpayers considered reliable.

Country Briefs Hungary Covid-19 VAT refunds

16 May 2020

Denmark – Covid-19: VAT Payment Refunds as an Interest Free Loan

To improve liquidity for small and medium-sized businesses, the Danish government has announced that VAT payments made in March 2020 for transactions in the last quarter or half of 2019 could be refunded in the form of an interest-free loan.

Country Briefs Denmark Covid-19 VAT refunds

16 May 2020

Basic VAT exemption: 2022 thresholds within the European Union

Monaco – Transmission of VAT refund applications by electronic means

France – Change to VAT Recovery Rate on Petrol

Netherlands – Exclusion of the Right to Deduction in the Netherlands for Goods and Services Used More Than 90% for Private Use

France – Change of Threshold for Refund Claims by Individuals Residing Outside the European Union

Germany – German Case Law Clarifies the Conditions for VAT Deduction

Romania – Covid-19: VAT Refund and Preliminary Audit

Hungary – Covid-19: Faster VAT Refunds

Denmark – Covid-19: VAT Payment Refunds as an Interest Free Loan

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