Get your VAT back faster: refunds in Russia have new threshold
As from 1 January 2016, faster refunds are allowed for smaller businesses.
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As from 1 January 2016, faster refunds are allowed for smaller businesses.
Italian statute of limitations has been extended from four to five years.
Telecommunication service providers are no longer required to issue a Hungarian compliant invoice when providing services to private individuals in Hungary.
The latest Irish VAT changes introduced by the 2015 Finance Act are summarized in the VAT Guidance notes published by the tax authorities:
Update December 2016: The VAT rate increase expected in January 2017 has been cancelled.
Lithuania extended the reverse charge mechanism on construction services to the supplies of goods with installation related to construction.
The right to deduct VAT on transactions directly or indirectly related to carousel fraud lies, among other factors, on the reasonable knowledge of the clients about the risk of VAT fraud carried by their suppliers.
The ECJ Advocate General (Case C‑28/11, Opinion of AG Jääskinen) has recently given his opinion on a case where a German company operating a bonded warehouse failed to meet the three-month time limit required to waive the VAT and excise duties.
Following a recent decision by the Greek tax authorities, VAT registrations in Greece will be suspended automatically by the tax authorities when there are signs or evidences of potential fraud.
Where a company overcharged VAT , this company can only recover the amount paid to the authorities once it has refunded the VAT collected from the customer.
Certain businesses need to adjust their input VAT deducted throughout the year according to their partial exemption method.
Belarusian electronic invoices introduced
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