Michaela Merz


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Romania – VAT split payment postponed till 2019


The Romanian senators from the budget finance committee discussed and proposed some amendments related to the VAT split payment system.

On 10 October 2017 the senators decided to return the proposed amendments to the budget finance committee for a week to clarify the effective impact of this measure on the Romanian State Budget (in case the system will be applied only to a limited number of companies and not in a generalized form). Continue reading


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EU – proposal for the Definitive VAT system for Cross Border EU Trade


As part of the VAT action plan as launched on 7 April 2016, the EU Commission announced a legislative Proposal for the Definitive VAT system for Cross Border EU Trade. This proposal  introduces the cornerstones of the Definitive VAT system for Cross Border B2B EU trade[1]. Continue reading


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Romania – Update on VAT split payment


Referring to the information on VAT split payment in Romania I would like to update you as follow:

This week the Romanian senators from the Budget Finance Committee discussed and proposed some amendments related to the VAT split system. Continue reading


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Hungary – real time reporting – how to do it efficiently with online reporting tool


As of 1 July 2018 all taxpayers are required to report to the Hungarian tax authority certain data regarding invoices that are issued by invoicing software and have a VAT content of at least HUF 100,000. Such reports will have to be made electronically, through an online connection, using a specific XML file format. Continue reading


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Poland – Brief summary of recent tax situation


Based on the latest World Bank’s “Doing Business” report Polish tax system is one of the most complicated and complex systems within the EU. In general, significant time investment is needed to fulfill tax obligations in Poland.

Polish legal provisions are often not formulated in clear way. Continue reading


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EBIT – EU Commission adopts Communication on Taxation of the Digital Economy


On 21 September 2017, the European Commission (EC) issued a Communication (non-binding, strategic policy paper) on the taxation of the digital economy. The Communication will serve as a basis for further discussion among EU leaders at the Tallinn EU Digital Summit of 29 September. Continue reading