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.
From 1st January 2022, the VAT rate applicable to books and printed media in physical and electronic format is reduced from 12% to 5%. 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.
Until September 30th 2021, a 5% VAT rate had been applied to hospitality services (provision of sleeping accommodation in hotels, hostels, etc.) in order to boost the hotel industry economy following the impact of the health crisis (COVID-19). Since 30th September 2021 and until 31st March 2022 a reduced VAT rate of 12.5% applies to...
As mentioned in one of our previous news posts (VAT News in Romania), the Romanian National Tax Agency (ANAF) has announced that, from January 1st 2022, large companies will be required to file an SAF-T document (informative declaration D406). The ANAF has recently published several documents (orders and technical documents) including the timetable for implementation...
For the period from 1st November 2020 to 31st August 2022, the following transactions are subject to the 9% reduced rate: Catering (excluding alcohol, soft drinks and bottled water) Hot food take aways, hot tea and coffee Hotel, guest house, caravan or camping bookings Tickets to cinemas, theatres, musicals, museums, art galleries or exhibitions
You may remember that the Romanian National Tax Agency (ANAF) announced that from January 1st 2022, large companies will be required to file an SAF-T document (D406 informative declaration). The ANAF had planned for a three-month grace period allowing large companies to file the January, February and March SAF-T document by April 1st, 2022. They...
The European Directive 2006/112/EC (article 219a and 224), allows for a purchaser to issue the invoice (self-billing) where there is an agreement between the supplier and the purchaser and if each invoice is accepted by the supplier. Where self-billing is applied, invoicing shall be subject to the rules in the Member State in which the...
Since 1st January 2020, all suppliers or subcontractors eligible for direct payment of contracts with the French State, local authorities and institutions (B2G) must send their invoices in electronic form. The 2020 Finance Act has provided for an extension to electronic invoicing regulations for business-to-business (B2B) transactions. The entry into force of these measures, initially...
The Italian tax authorities have made a new tool available, allowing sellers to audit and control supplier/customer information provided they have an Italian VAT number. By entering the Italian VAT number of a supplier/customer into this tool, the operator obtains the following information: status – active, suspended (in case of a business lease), discontinued The...
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...
The Romanian National Tax Agency (ANAF) has announced that from January 1st 2022, large companies will be required to file a SAF-T document (D406 informative declaration) It would appear that a three-month grace period is being granted to large companies. In concrete terms, the SAF-T documents for January, February and March 2022 must be filed...
