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In our last newsletter, we reported on the developments regarding the Quick Fixes 2020 and dealt with call-off stocks and proof of transport. In the current newsletter we take a look at the impact on chain transactions and the indication of the VAT-ID for the VAT exemption of intra-Community supplies.
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The practical implementation of the Quick Fixes 2020 is currently the number 1 VAT topic for most companies and their tax advisors. The fact that a draft of the German law already exists for this is certainly beneficial. However, there are a number of detailed questions that make implementation difficult. It is therefore helpful that the EU has published draft Explanatory Notes following discussions in the VAT Expert Group and the Group on the future of VAT. These are not binding. However, it is to be hoped, that the Member States and their tax administrations will follow these guidelines. In this context, we would also like to draw your attention to our series of seminars on quick fixes, in which we address the various issues in detail. There are still places available for Frankfurt and Hamburg.
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VAT News 38/2019
PORTUGAL postpones requirement of certified invoicing software +++ LITHUANIA implements Reverse Charge for mobile phones +++ NORWAY implements SAF-T +++ UK postpones Reverse Charge for construction services +++ POLAND publishes White List of taxable persons and postpones replacement of VAT return by SAF-T +++ CROATIA reduces VAT rate for hospitality and standard VAT rate +++ JAPAN reduces standard VAT rate +++ SAUDI-ARABIA waives obligation of fiscal representative for non-residents +++ CZECH REPUBLIC plans implementation of a general Reverse Charge
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