António Mendonça Mendes, the Portuguese Secretary of State for Tax Affairs announced on May 24, 2022 by decree(Despacho n°49/2022-XXIII) that invoices in PDF format will continue to be considered as electronic invoices until December 31, 2022. As a reminder, since July1, 2021, companies registered for VAT in Portugal must have a certified electronic invoicing software(see...
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...
The government has announced a reduction to the VAT rate applicable to certain products and sectors: Electricity: application of the reduced VAT rate of 5%. Gas: application of the 0% VAT rate Certain meats, fish, dairy products, vegetables, fruits, cereals and beverages: the VAT rate is reduced from 5% to 0%. This temporary reduction in...
The government has announced a reduction to the VAT rate applicable to certain products and sectors: Firewood and wood pellets: the rate goes from 25% to 13%. Gas: the rate drops from 25% to 5% from April1, 2022 to March 31, 2023 and returns to 13% from April1, 2023 Fish, meat, eggs, fruits and vegetables,...
As a reminder, since January 1st, 2022, the VAT due on imports is no longer settled in customs and the reverse charge mechanism of the VAT due on imports is generalized and mandatory for all companies.
Based on the information contained in the customs declarations, the French tax authorities pre-fill the French VAT...
The Cypriot administration has updated the thresholds for the introduction and shipment of INTRASTAT declarations in 2022: The threshold for the introduction is raised from 180,000 euros to 230,000 euros Shipping threshold increases from EUR 55,000 to EUR 75,000
The Statistical Office of the Republic of Croatia has published the INTRASTAT 2022 guide determining the thresholds for INTRASTAT declarations in 2022: The threshold for introduction is increased from HRK 2,500,000 to HRK 2,600,000 The threshold for shipment is increased from HRK 1,300,000 to HRK 1,500,000
The Finnish administration has updated the introduction and dispatch thresholds for INTRASTAT declarations in 2022: The threshold for the introduction is raised from 600,000 euros to 700,000 euros Shipping threshold increased from 600,000 euros to 700,000 euros
Slovakia wants to implement a real-time invoice reporting system via a dedicated e-invoicing platform. This should apbe applicable to all taxable transactions in Slovakia. Please note – companies that are not established in Slovakia but that have a Slovak VAT number will not be able to use the platform. They will have to send their...
The Bulgarian administration has announced that the application of the reduced VAT rate of 9% is extended until December 31, 2022 for the following goods and services:
Restauration et traiteur
Livres et autres publications
Services en lien avec l’utilisation des installations sportives
Aliments pour bébés et jeunes enfants, couches pour...
Following the European Commission’s 2018 proposal to reform VAT rates an agreement was reached between EU finance ministers regarding the update of VAT rate rules.
Three measures emerge from this agreement:
1° Updating the list of goods and services to which all Member States may apply reduced VAT rates:
In particular,...
The Finance Bill for 2022, provides for the amendment of Article 269 relating to the payment of VAT on the supply of goods.
Until now, VAT was payable as soon as the chargeable event (the supply) took place, even in the case of a down payment. In practice, therefore, VAT was payable as...
Following the BREXIT, Northern Ireland has a special status with respect to the European Union and Intra-Community VAT rules: for sales of goods, the Intra-Community rules are still applicable to this territory and it is necessary to have a XI VAT number (Northern Ireland); for sales of services Northern Ireland is considered a third territory....
Following BREXIT, Great Britain (England, Wales, Scotland, Jersey and Guernsey) is no longer part of the European Union and the VAT directives are therefore no longer applicable. In 2021, a transition period was in place. Companies were still liable to pay INTRASTAT on entry into the UK for importing goods from the EU. On the...
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...
