Portuguese import VAT and SAF-T changes
Following the publication of the 2017 budget law in Portugal, the government will introduce import VAT changes permitting postponed tax accounting in Portugal.
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Following the publication of the 2017 budget law in Portugal, the government will introduce import VAT changes permitting postponed tax accounting in Portugal.
The Polish tax authorities recently updated their VAT penalties and interest for late payment and late submission of VAT returns.
After the announcement on the new real-time reporting obligation in Spain and the additional information published by the authorities, most main ERP solutions of the existing providers have published an update on the solution being developed to comply with the new rules.
Following the changes announced last month, the Polish authorities have clarified that all VAT returns in Poland will need to be submitted electronically as from 1 January 2017, such is the case of ES(P)L returns as well.
Back in 2015, the government announced plans to introduce real-time reporting obligations in Spain for large taxpayers.
Businesses that registered in the VIES system prior to 2015 and have not reported an Intrastat return since the first quarter of 2015 will get their VAT number de-activated from the VIES database.
Norway has recently decided to cancel plans on the implementation of Financial Transaction Taxes (FTT).
The Bulgarian authorities announced a quick VAT refund mechanism for qualified taxpayers.
Czech Republic introduced the VAT ledgers return last January 2016.
Following our announcements of the upcoming periodic and ´upon request´ SAF-T requirement in Poland, the tax authorities have published additional information about this new obligation.
As from 1 July 2016, all communication with the Spanish tax authorities made by large taxpayers filing monthly VAT returns must be made electronically through the portal of the tax authorities.
The government announced plans to reduce VAT rates in Belgium: there is planned a sizeable decrease in tax on e-books. Electronic books are currently taxed at 21% and this proposal would reduce the VAT rate to 6%.