New statute of limitations and corrective returns in Ireland
New rules regarding corrective returns
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New rules regarding corrective returns
The Polish VAT Act has been recently amended to include the following changes:
The Standard Audit File (SAF) is a standard electronic format in which information is required by tax authorities in order to run the automatic checks and cross information consistently with files provided by other taxpayers.
Last 8 January 2016 Poland updated the applicable interest rates on late VAT payments and other tax debts.
Serbia introduced important changes for foreign companies doing business in the country,
Slovakia introduced several VAT changes to their VAT act.
Estonia has raised the VAT registration threshold for small businesses from 16,000€ to 25,000€ per year.
An Austrian tribunal Bundesfinanzgericht recently decided that input VAT should be deducted in the period in which the taxable supplies connected to this input VAT were carried.
Each taxpayer will have an account connected to the tax authorities portal and database including details about their registration status, account certification, applicable penalties, and the possibility of issuing invoices.
The Czech Finance Minister has proposed a plan to extend the use of domestic reverse charge to almost all domestic supplies.
From 1 July 2016, companies importing goods into Slovenia can defer the payment of import VAT until the VAT return is submitted (so called "postponed import VAT accounting").
Following the updated Archiving VAT rules in Austria, from 15 August 2015, all documents related to the movement of goods from Austria to another Member State as well as export documents can be stored abroad.