Luxembourg VAT GroupsCategory:

Luxembourg

Luxembourg VAT Groups

August 17th, 2018

From 31 July 2018, Luxembourg has introduced VAT Groups which permit closely bound, but legally independent, tax payers to file a single, combined VAT return. This enables them to minimise VAT payments and potential losses. This is based on Article 11 of the EU VAT Directive, and follows the ECJ Commission v Luxembourg C-274/15 judgement. …


Switzerland

Swiss scrap VAT exemption on foreign e-commerce 2019

August 16th, 2018

On 15 August, Switzerland’s Federal Council confirmed that it will scrap the low value VAT exemption on imports of goods bought from foreign e-commerce providers. The current threshold is CHF 62.50 for goods with a standard rating of 7.7% Swiss VAT. The threshold on books is CHF 200 since they attract only 2.5% VAT in Switzerland. The dropping …


Croatia

Croatia delays 1% VAT cut till 2020

August 15th, 2018

The Croatian Prime Minister, Andrej Plenković, has said that the proposed cut in the standard VAT rate from 25% to 24% may be delayed from 1 Jan 2019 to 1 Jan 2020. A VAT rate cut had been committed to in the 2016 elections by the ruling Croatian Democratic Union (HDZ) party. The proposed cut …


Belgium

Belgium revises VAT penalties

August 9th, 2018

Belgium has overhauled its VAT penalty regime to make it less onerous for overdue filings. Its new regime was implemented from 1 August 2018, and has been applied retrospectively to 1 Jan. The old regime imposed a fine on late VAT return filings of €100 per filing per month. Plus interest charge on any VAT …


Romania

Romania abandons 2019 VAT cut

August 3rd, 2018

Romania is considering postponing cutting its 19% VAT rate to 18%, as planned for January 2019. The decrease is in jeopardy as the country is struggling to reduce its deficit to 3% of Gross Domestic Product. Romania originally raised VAT from 19% to 24% in 2010 during the European financial crisis. But has since cut …


Germany

Germany advances marketplace VAT liability bill

August 1st, 2018

On 1 August 2018, Germany’s federal cabinet (Bundesregierung) approved a draft bill to oblige online marketplaces to capture key VAT data and compliance on third-party sellers on their platforms from January 2019. After 30 September 2019, marketplaces failing to follow the new obligations, including blocking fraudulent sellers, will become secondary liable for any unpaid VAT dating back to 1 …