VAT news tagged as "Bonded Warehouse"

Hungary

Hungary tax agents for VAT recovery and VAT warehouse requirements

December 28th, 2013

There have been a number of further changes to the Hungarian 2014 tax Bill. The new changes to the Hungarian VAT regime include: Foreign tax payers’ agents for VAT refunds In accordance with the EU VAT Directive, EU companies without a permanent establishment in Hungary may now use local tax agents to represent them for …


Romania

Romania offers wider VAT deferment scheme to importers

December 13th, 2013

Romania has extended its import VAT postponement scheme according a Ministry of Finance Order issued at the end of last month. Current Romanian import VAT postponement Currently, only the holders of specialised VAT deferment certificates are offered the opportunity to postpone the cash payment of import VAT.  Typically, these are the very largest taxpayers, who …