The reduced VAT rate and tariff value system are to be revoked in order to implement the single VAT rate system. However, it has been reported that the National Board of Revenue may implement multi-tier VAT rates instead of a single rate. Continue reading
Please find attached a press release as published last week by the European Council. This concerns so called “Quick Fixes” aimed to be implemented as per 1 January 2020 (and as an interim step towards a definitive EU VAT system). Due to the numerous discussion around the definition, the “Certified Tax Person (CTP)” concept has been postponed and will likely be part of the definitive VAT regime.
On 2 October 2018, the Council agreed on four adjustments to the EU’s current VAT rules to fix specific issues. Continue reading
Adapting to a changing environment – European Commission’s proposed VAT changes
On 1 December, the European Commission released its latest legislative proposals on the removal of VAT obstacles to e-commerce in the Single market. Continue reading
The proposed increase in the standard VAT rate from 23% to 24% was approved by the Greek Parliament yesterday (22 May) and will take effect from 1 June 2016. The Bill introducing the VAT rate increase also provides for the abolition of the special 30% reduced VAT rates in the islands of Syros, Thasos, Andros, Tinos, Karpathos, Milos, Skyros, Alonnisos, Kea, Antiparos and Sifnos, where the new 24% standard rate will apply from 1 June.
Please contact Natalia Skoulidou for further details:
Image source: lunad / pixelio.de
28 January 2013
Do you sell services to consumers? Are they electronically supplied? Are your customers in the EU? Are you ready for the B2C VAT changes?
Webcast details – how to attend
We will be live from 11:00 (GMT) on Monday 28 January 2013 .