Starting with the 1st of January 2016 all VAT payers registered in the Czech Republic will have to start submitting a new report – so called “control statement”. Control statement is a new report that all VAT payers registered in the Czech Republic will have to submit electronically in case they performed or received taxable supply with a place of supply in the Czech Republic after January 2016. Read More »
Tag: January
EU VAT Rates as from 1 of January 2015
Luxembourg – increase of the VAT rates from 1 January 2015
On 15 September 2015, the Luxembourg Minister of Finance delivered his budget speech in which he announced that the Luxembourg VAT rates will be increased as follows:
- the standard rate from 15% to 17%;
- the intermediary rate from 12% to 14%; and
- the reduced rate from 6% to 8%
For further information please click here or contact our VAT expert in Luxembourg:
Laurent Grençon, Partner
Phone +352 49 4848 2060
Email: laurent.grencon@lu.pwc.com
A new double tax treaty (DTT) between Bulgaria and Switzerland into force as of 1 January 2014
A new double tax treaty (DTT) between Bulgaria and Switzerland was ratified by the parliaments of both countries and will enter into force as of 1 January 2014. New rules on exchange of information and lower tax rates are introduced.
Austria – Electronic invoices in some cases mandatory as from 1 of January 2014
As of 1 January 2014, invoices for supplies to federal offices have to be sent electronically (Directive 2010/45/EC). Paper invoices will only be accepted in case of cash payment. The Austrian Ministry of Finance expects from this change from paper invoices to electronic invoices less administrative work and optimised invoice processing.Read More »
Poland – VAT changes as from 1 of January 2014
Time limit for issuing invoices
Based on current rules, invoices must be issued within seven days of the date of delivery of the goods/rendering of the service. According to the new rules, suppliers are obliged to issue invoices until the 15th calendar day of the month following the supply. Certain exceptions to this rule allow for a deadline of thirty, Read More »
France – VAT rate changes as per 1 of January 2014
The French tax authorities have reconfirmed in the recent Finance Bill that the VAT rate changes will take effect on 1 January 2014. The standard rate will increase from 19.6% to 20%. The intermediate rate will be increased from 7% to 10%. This rate will apply to various goods and services including restaurants and meals for immediate consumption, passenger transport, hotel accommodation, pharmaceutical products not reimbursed by social security and transfers of copyrights. Read More »
Finland – increase of VAT rate as per 1 January 2013
The Finnish Government has issued on Monday 17 September 2012 an official proposal to increase the current VAT rates by 1% in Finland. It is foreseen to increase the standard VAT rate from 23% to 24% and the two reduced VAT rates from 9% to 10% and from 13% to 14%.
If passed by Parliament, the increase will take effect from 1 January 2013.
Michaela Merz 