VIES is an electronic tool for transmitting information relating to VAT registrations (= validity of VAT numbers) of companies registered in the EU. Furthermore, information relating to (tax exempt) intra-Community supplies between Member States’ administrations is also transmitted via VIES. For details see link below:Read More »
Tag: VAT
ECJ C -7/13 – Skandia – VAT liability regarding Head Office to branch supplies where the branch is a member of a VAT group – implementation in Ireland
Irish Revenue issued an E-Brief end of October confirming that they will commence a consultation process with industry and tax advisors regarding the recent Skandia case. The Revenue also confirmed that until such consultation process has been completed and new guidance is published, Irish taxpayers can continue to treat services on the basis of the existing practice.Read More »
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
Czech Republic – Third VAT Rate as of January 2015
As of January 2015, the Czech Republic plans to introduce a third VAT rate of 10% in addition to the existing standard VAT rate of 21% and the reduced rate of 15%. The new VAT rate will apply to drugs, books and baby food.
For further details please click here
CJEU: Services supplied by a non-EU headquarters to its EU branches are subject to VAT
I would like to share with you the latest news on a CJEU decision:
Services supplied by a non-EU headquarters to its EU branches are subject to VAT
The Court of Justice of the European Union (CJEU) recently handed down a controversial decision in a significant case on whether VAT is chargeable on the recharge of the costs incurred by a non-EU headquarters to an EU branch which is a part of a VAT group.
For further details please click here
Belgium – Bitcoin Trading Exempt from VAT … for now
In a recent decision issued for an online Bitcoin trading platform, the Belgian tax authorities have confirmed that the trading of Bitcoins and other virtual currencies is similar to the activity of an intermediary and should therefore fall under the exemption included in the Belgium VAT Code for “negotiation concerning deposits, current accounts, debts, cheques and other negotiable instruments but excluding debt collection” . As a result, the activities should be at this moment treated as exempt from VAT. Read More »
Germany – Reverse Charge for some metal products as from 1 October 2014
In order to fight against tax fraud there is a change of the tax liability for number of metal products as from 1 of October. Reverse charge is applicable for the products in the list below. Therefore it is of utmost importance to check all the incoming invoices for this type of products as incorrectly charged VAT by the supplier will be not credited by the tax authorities. In case of a VAT audit such input VAT will have to repay back with additional late payment interest as well as possible penalties.
France – Obligation for electronic submission of accounting journal for non-resident entities registered for French VAT as well as French branches of foreign companies published on 24 of September 2014
Foreign companies or their branches in France registered for VAT purposes in France have to provide the French tax authorities with their electronic accounting file. Non-resident entities registered for French VAT as well as French branches of foreign companies are not required to keep their accounts in French GAP as long as they are able to provide the French tax authorities with a correlation table between their charts of accounts and the French GAP. Read More »
Czech Republic – How to fight against tax evasion
About 100 selected tax officers from various parts of the Czech Republic are coming these days to “help Prague” and to support inspections of taxpayers falling within the scope of Prague Tax Offices. Those authorities have been known for struggling with a lack of time and staff for carry out limited or full tax inspections on a regular basis. As one would expect, this inspired plenty of businesses who on purpose registered their seat in Prague, which further worsened the issue.Read More »
Poland – Bitcoin Mining subject to 23% VAT
Local Tax Authority in Lodz in Poland announced that the sale of mined bitcoins is subject to 23% VAT. The activity of mining is being seen as service by the local tax authority and for this service the place of service is where the customer is located. Therefore for local sales the VAT apply and has to be charged. For sales to foreign customers it is not needed to charge VAT. Read More »
Michaela Merz 