After the successful transition to e-invoicing, e-archiving and e-bookkeeping in Turkey, the Turkish Revenue Administration recently has published a new regulation for e-Delivery Note aiming to ease tax transactions as well as increasing the transparency. It’s also expected to have a positive effect on efficiency of logistic processes.Read More »
Category: Tax Knowledge
Norway – SAF-T introduction probably postponed till 1 of January 2019
Referring to the last information about SAF-T, I would like to come back with an update:
The Norwegian Tax Authorities have published a new statement about the possible full implementation of the SAF-T in Norway (not only as a voluntary scheme).Read More »
Romania – Update on split payment introduction as per 1st of January 2018
Referring VAT split payment the Romanian Senate has approved and further on passed on the amended law related to the VAT split payment system to the Deputy Chamber (i.e. the second institution within the Romanian Parliament that has decisional powers in fiscal matters). Read More »
Finland – cash flow friendly declaration of import VAT as from 1 of January 2018
Starting 1.1.2018 the Finnish Import VAT will need to be paid and reported to the Finnish Tax Administration instead of the Finnish Customs. The Finnish Customs has previously been the competent authority relating to the VAT on the importation of goods, but will no longer handle such matters starting next year (the exception being imports of goods by individuals and companies not being registered for VAT).Read More »
OECD – Guidance on Collection of VAT/GST on Cross-Border Services, Intangibles
The OECD released implementation guidance on the effective collection of VAT and goods and services tax on cross-border sales of services and intangibles. Mechanisms for the effective collection of VAT/GST where the supplier is not located in the jurisdiction of taxation. Read More »
The VAT Gap in the EU amounted to EUR 151.5 billion in 2015
Study and Reports on the VAT Gap in the EU-28 Member States:
2017 Final Report
Please find below the information about the VAT GAP in the 28 EU Member States.Read More »
Switzerland – VAT ordinance published
The Federal council published last week the final version of the Ordinance.
Please find below the pdf versions in german, french and italian:
Norway – SAF-T status update
The Standard Audit File for Tax is increasingly adopted within European countries. Even if SAF-T in Norway has been subject to preparatory works and an ongoing debate since 2014, it still raises a lot of questions due to lack of information from the tax authorities.Read More »
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). Read More »
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]. Read More »
Michaela Merz 