a) Entry into force of a new WHT regime (pay & refund mechanism) Starting from 1 January 2022 WHT preferences (exemptions or treaty rates) will no longer be applied at source with respect to selected payments exceeding PLN 2 million in a given tax year.

The new rules concerning the EU VAT regime entered into force on the 1 July, creating a simplified VAT regime for cross-border supplies of goods (B2C) and distance sales. The new rules provide for a system to declare and pay VAT in the EU using the Import One-Stop Shop and also level the playing field between EU businesses and non-EU sellers. Online Continue Reading

130 countries signed last week the global agreement on international tax reform, based on a two-pillar solution which allows multinational companies to pay more tax in the countries where they operate as well as a global minimum tax rate. As estimated by the OECD, a total amount of USD 100 billion of profits per year will be reallocated to the Continue Reading

Is a deregistration at Austrian tax office necessary for a distance selling company which is VAT liable in Austria in order to participate in EU-OSS in another member state? Answer: No, a deregistration is not necessary. Austrian tax office recommends send an information about the participation of EU-OSS in another member state in order to avoid reminders for the filing Continue Reading

No excise dueties on sparkling wine starting 1st July 2020 onward. But distance sale of sparkling wine has to be still reported by form VST 27. Please keep in mind that there is no distance selling treshold for alcohol beverages. Autrian VAT has to be charged from the first Euro onward, if alcohol beverages are sold to Austrian private customers. Continue Reading

After leaving the EU on 31 January 2020, the UK is scheduled to leave the VAT regime and Customs Union on 31 December 2020. This is under the agreed Brexit Withdrawal Agreement (‘WA’) between the UK and EU, which allows for a 11-month ‘transition period’. What happens between now and 31 December 2020? Until then, nothing changes for VAT of Continue Reading

Ahead of the Brexit deadline on the 31st October, Amazon have recommended that sellers prepare by moving 4 – 8 weeks’ worth of inventory to both sides of the border (UK and EU). All inventory should be moved by 17th October 2019. Moving your stock from UK to an EU country could help you avoid the possible delays that cross-border sales might face Continue Reading

Last week the Spanish Tax Authorities published the Draft Bill for modifying the VAT Law and the VAT Regulation with the purpose to include the simplification measures related with the intracommunity delivery of goods known as “VAT Quick Fixes 2020“. The main objective of these new measure is to harmonize and simplify the trade of goods between countries of the EU. The Continue Reading

Commission proposals published in April 2018 on reforming and digitalising EU company law in order to make it easier for companies to merge, divide or move within the EU Single Market, whilst preventing fraud and abusive behaviour in cross-border operations, have been adopted by the EU Parliament, with 522 votes in favour, 54 opposed and 16 abstentions. The rules allow Continue Reading

Following up on the VAT Action Plan of April 2016, the European Commission published a comprehensive proposal aimed at adopting a definitive VAT system for intra-EU cross border trade based on the “destination principle”, i.e. taxation in the Member State of destination of the goods. The definitive VAT system shall replace the transitional VAT system of 1993, which is no Continue Reading

Value Added Tax (VAT) Purchase and sale of bitcoins and other virtual currencies against conventional currencies is according to the sale of legal tender currencies VAT free. This is a result of a decision by the European Court of Justice Rs C-264/15 Hedqvist dated 22nd Oct 2015. Up to now it is not clear whether the exchange of one virtual Continue Reading

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