A decision by the Supreme Administrative Court recently confirmed the right to fully deduct VAT on costs incurred on the financing and acquisition of a group subsidiary.
A company with mostly taxable activities acquiring a subsidiary that has exempt activities and derives interest on a regular basis to the parent company can deduct VAT on this acquisition. These costs are considered overhead of the parent company, irrespective of the interest derived and the majority of exempt activities carried by the group.... Read more
Certain businesses need to adjust their input VAT deducted throughout the year according to their partial exemption method. This amendment can also be used to reflect capital goods adjustment. Annual summary returns were previously used to reflect these adjustments but, following the repeal of the obligation to file these annual returns, adjustments should now be made in the third month (for companies filing monthly) or the first quarter of the following year.... Read more
Belgium has recently introduced the outcome of the Skandia case into its national VAT legislation. There are no significant variations from the ECJ position.
According to the ECJ (Case C-7/13), where a branch of a non-EU business is part of a VAT group int eh EU and receives services from its Head Office, such services are subject to VAT in the country of the branch, hence considering the VAT group as a single taxable person.... Read more
Stay on top of all legislative changes in every European country. Our newsletter focuses on compliance practical matters. Subscribe now free of charge.
Marosa provides a one-stop solution for VAT obligations in all European countries. We assist clients with a single point of contact that speaks their language and handles all VAT related issues with a standard and cost efficient approach.
The Portuguese authorities published guidelines on how to make VAT payments from a foreign bank account . These guidelines area important for foreign businesses...
Marosa developped a solution to comply with the Spanish SII during those first weeks of July in which your ERP system is not yet ready. Despite announcements...
As from 1 June 2017, reverse charge applies on certain telecommunication services in The Netherlands. Following an increase of carousel fraud in this sector,...
Austria Archiving Belarus Bulgaria Cyprus Estonia France Germany Greece Hungary Ireland Spain Financial services Belgium VAT rates e-commerce Italy Kosovo Latvia Lithuania Poland Serbia Slovakia Slovenia UK European Union Czech Republic Reverse charge Russia Switzerland Denmark Finland Portugal Norway Sweden Luxembourg The Netherlands Croatia Romania Iceland Malta