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...
In order to comply with the European Business Statistics regulation (EBS) of 27th November 2019 n°2019/2151 it will now be mandatory to indicate product origins on statistical surveys (at introduction and dispatch) along with the customer’s VAT number. There have also been many changes to the transaction codes. Product origin : Regarding the origin, the DGDDI...
To comply with the European Business Statistics (EBS) regulation of 27th November 2019 n°2019/2152, the Trade of Goods Declaration will disappear in favour of the EC Sales List and a statistical survey (the INTRASTAT return). The EC sales list is a return that allows the amounts of Intra-Community sales to be declared by entering the purchasers’...
Since July 1st 2021, companies registered for VAT in Portugal must use certified electronic invoicing software in certain cases (see the previous news item on this subject). By a decree on 27th July 2021 (Despacho No. 260/2021-XXII), it was clarified that “PDF invoices shall be considered as electronic invoices for all purposes provided for by...
On 27th October 2021, the Belgian authorities published Circular 2021/C/96 which clarifies the VAT exemption for transport services directly linked to the export of goods. This circular takes into account the interpretation given by the Court of Justice of the European Union in the “LC IK” case of 29th June 2017 concerning Article 146 of...
From 1st January 2022, Polish companies will be able to use electronic invoicing on a voluntary basis. From 1st January 2023, electronic invoicing will become mandatory. Electronic invoicing in Poland is based on the Krajowy e-Faktur System or KSeF (National Electronic Invoice System) platform. The test environment and documentation on the implementation of electronic invoicing...
From 1st July 2021, the reduced VAT rate of 6% will apply to electronic books and publications. This measure follows EU Member States’s wishes to impose the same rate of VAT on books and written press in both physical and electronic formats.
