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VAT News 01/2023
Further transitional regulation for legal entities under public law
9-year (!) transitional period for sec. 2b of the German VAT Act: A process in German tax legislation that is unlike any other. Representatives of the federal, state and local governments, as well as other legal entities under public law, are happy to accept Berlin’s Christmas present. However, they should not rest now, but rather quickly complete the work they have already begun and create the required organisational structures to ensure that implementation is possible within two years. There is still much to do.
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VAT News 60/2022
A look across the border
The following VAT changes occur in Europe: +++ Luxembourg to lower VAT rates for one year from the start of 2023 +++ Switzerland to increase VAT rates starting in 2024 +++ Belgium to extend application of temporarily lowered VAT rates on energy, to extend limitation period for assessment and to amend reverse charge mechanism +++ Poland extends application of temporarily lowered VAT rates on foodstuffs and ends reduction of VAT rates on fuel +++ Croatia introduces Euro as national currency +++ Finland to temporarily lower VAT rates on electricity and passenger transport +++
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VAT News 59/2022
Annual Tax Act 2022: relief for intra-Community supplies / restrictions in the input VAT refund procedure
On 16.12.2022, the Annual Tax Act 2022 was passed, which brings with it a number of VAT related changes. In KMLZ VAT Newsletter 58 | 2022 we provided an overview of these changes. Now, we take a closer look at the changes in sec. 4 no. 1 letter b) of the German VAT Act (UStG) regarding the VAT exemption of intra-Community supplies. The justification for the law contains some interesting details. And in this context, we also look at the amendment to sec. 18 para. 9 UStG, which limits the application of the input VAT refund procedure.
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