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Umsatzsteuer Newsletter 48/2019
NETHERLANDS assigns new VAT ID number to sole traders +++ AUSTRIA applies ECJ decision Vega only in individual cases +++ CZECH REPUBLIC implements a general Reverse Charge mechanism +++ GREECE plans reduction of VAT rates +++ UK plans to retain Intrastat returns also after Brexit +++ NORWAY simplifies registration for distance sellers +++ CROATIA sets a deadline for obligation to register in the Register of Beneficial Owners +++ AUSTRIA has raised threshold for VAT registration of small entrepreneurs +++ PORTUGAL extends deadline to pay VAT due +++ HUNGARY reduces VAT rate for accommodation services
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Last Friday, the German Federal Council approved the Annual Tax Act 2019 (under a different name). It has thus implemented the VAT exemption for medical treatments in private clinics into the German VAT Act. The regulation is applicable as of 01.01.2020. Private clinics should therefore quickly check whether they meet the requirements specified in the new legislation.
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The Third Bureaucracy Relief Act recently passed by the German Bundestag and Bundesrat succinctly states: "In sec 19 para 1 sentence 1 of the German VAT Act, the "EUR 17,500" shall be replaced by "EUR 22,000". However, this seemingly small change will have a significant effect on many taxable persons. Even though the amendment will not come into force until 1 January 2020, (small) businesses can already benefit from it in 2019.
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