VAT news tagged as "Reclaims"


EU VAT obstacles for Chinese companies

July 7th, 2016

Chinese enterprises trading across the EU can be hindered by many barriers; particularly EU VAT, which can leave unsuspecting firms facing large fines or delays in deliveries. According to figures published by Xinhua, the EU remained China’s biggest trading partner in 2014, with bi-lateral trade reaching $525 billion, representing a 19.5% growth from the previous …


Italy VAT reclaim guarantee updates

February 23rd, 2015

The Italian tax office has provided new guidance on the Simplification Decree which changed the rules on Italian VAT reclaims. The new guidance details the following changes: VAT reclaims below €15,000 by foreign companies will no longer require a bank guarantee The €15,000 threshold will no include and VAT suffered The guarantee requirement will not …


German non-EU VAT recovery sent to European Court of Justice

September 26th, 2014

The European Commission (EC) has referred Germany to the European Court of Justice over its requirements for non-EU VAT recovery. If a foreign company is conducting business in Germany, it may incur German VAT on expenditure such as hotels, restaurants, taxis, hire of equipment etc.  If the company is tax registered in their own country, …


Denmark allows full deduction of hotel VAT 2015

September 8th, 2014

Denmark is to allow companies, resident and non-resident, to recover the input VAT incurred on hotel accommodation. Currently, only 75% of Danish VAT incurred on hotel stays for business purposes may be reclaimed through a VAT return or a VAT reclaim (for non-resident companies).  This will now become 100% from 1 January 2015. This follows …


EU withdraws VAT travel agent and VAT recovery proposals

May 24th, 2014

The European Union withdrew a number of proposed VAT measures this week. These include: Withdrawal of amendment (COM(2002) 64 2002/0041) to the travel agents’ Tour Operator Margin Scheme. The special mechanism aimed to simplifying the application of European VAT for smaller operators buying packages around Europe. However, many countries have failed to follow the EU …


Turkey improves VAT compliance procedures

May 8th, 2014

Turkey has announced a number of measures to improve the Turkish VAT compliance regime. These include: Large taxable persons will now receive their VAT refunds on an accelerated basis The Turkish VAT Act will now be consolidated to bring over 100 recent changes into a single act An online portal for companies to track the …


2011 EU VAT reclaims deadline

August 10th, 2012

EU businesses looking to submit VAT refund claims to recover VAT suffered in foreign EU Member States are reminded of the 30 September 2012 deadline for 2011 year items. Any 2011 claims submitted beyond that date will not be accepted by the particular EU country tax authorities concerned. Traditionally since the introduction of the 8th …