The e-commerce reform comes into force on 1st July 2021. This reform impacts the following: Online traders established in/outside the European Union who sell from their own website Online sellers established in/outside the European Union who sell from a marketplace Marketplaces (Amazon, Cdiscount etc.) Online sellers who carry out dropshipping. The main change is that,...
Due to the current health crisis (COVID-19), Germany has announced that it is extending the reduced VAT rate of 7% on food in bars and restaurants until 31st December 2022. The reduction was planned to finish on 30th June 2021.
Greece has extended the reduced VAT rate on coffee and non-alcoholic drinks, passenger transport (including their luggage) and cinema and theatre entrance fees until 30th September 2021. In addition, the reduced VAT rate applied to the tourism sector will be in force until 31st December 2021.
France has recently updated the list of countries outside the EU that do not have to have a fiscal reprensentative in France when a taxable person established in the country carries out taxable transactions in France. The countries added are: – Antigua and Barbuda; – Armenia; – Bosnia and Herzegovina; – Cape Verde; – Cook...
Due to the current health crisis (COVID-19), the activity of commercial vessels in 2020 is not representative of reality and some vessels were not able to pass the 70% navigation outside French waters threshhold, a condition of the FCE (French Commercial Exemption). To compensate for this, the tax authorities exceptionally authorise vessels to assess compliance...
As of 1st January 2021, the United Kingdom is no longer part of the European Union. From now on, the European Commission’s database (VIES) will no longer be able to check GB VAT numbers. GB numbers can now be checked on the gov.uk website.
The tax authorities have recently announced that taxable companies established in the UK, who carry out taxable transactions in France and are required to register for VAT in France, will not be required to appoint a Fiscal Representative in France.
As of January1st 2021, the 19% and 7% VAT rates apply again in Germany. Germany has authorised a temporary reduction in its VAT rates. The standard VAT rate was reduced from 19% to 16% and the reduced VAT rate from 7% to 5%. This measure was in force from 1st July 2020 to 31st December...
Following the UK referendum on 26th June 2016, the UK officially left the European Union on 1st January 2021 after lengthy negotiations to establish a withdrawal agreement. For VAT purposes, Great Britain (England, Scotland and Wales) is considered a non-EU country. The negotiated withdrawal agreement includes a protocol on Ireland and Northern Ireland, awarding Northern...
As of January1st, the INTRASTAT thresholds in Bulgaria will decrease: Shipping: 290,000 BGN threshold reduced to 270,000 BGN Introduction: 450,000 BGN threshold increased to 450,000 BGN Thresholds for statistical value returns: Shipping: 15.8 million BGN threshold reduced to 14.7 million BGN Introduction: 7.6 million BGN threshold reduced to 7.3 million BGN
At the beginning of the COVID-19 pandemic, the Federal Council issued an ordinance providing for the waiver of late payment interest on taxes, incentive taxes and customs duties between March 20th and December 31st, 2020. As a result, the interest rate for late payment of VAT in effect during this period was 0%. As this...
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...
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.
For ship rental and charter contracts concluded by 31st October 2020: Short-term leasing of ships (less than 90 days) to a taxable or non-taxable person was taxable in France as long as the ship was made available to the lessee in France (Article 259 A 1° a) of the General Tax Code). Rentals were taxable...
