Umsatzsteuer Newsletter

Search

Due to the accession to the EU, entrepreneurs having business relations with Croatia will need to make changes to the individual settings in their SAP systems. From now on, business transactions will have to be treated differently in VAT matters. These changes will have to be implemented accordingly with regard to the customer’s settings, using the correct tax codes and the invoice layouts as well as VAT reports, EC-Sales lists and Intrastat declarations.
mehr
In its latest judgment, the European Court of Justice (ECJ) comments on the legal case Petroma Transports and others regarding the question of VAT deduction following an invoice correction. According to the ECJ’s statements, invoice corrections have to be transmitted to the responsible tax office before decisions on denying VAT deduction are being made. It could be interpreted that VAT deduction with retroactive effect should be pos-sible. Therefore, entrepreneurs are forced to take action by having invoices corrected properly and quickly as well as transmitting the corrected invoices to the tax authorities in time.
mehr
Umsatzsteuer Newsletter 10/2013
Croatia will become the 28th member state of the European Union on 1 July 2013. As from the date of accession Croatia has to implement the common VAT system of the EU. As a result of the upcoming changes, the businesses trading with Croatia need to adjust their processes.
mehr

Pages