Latest VAT News

2019

September 3, 2109
Preparing Your Business for Brexit

United Kingdom’s government announced that the UK will be leaving the EU on October 31, 2019 “whatever the circumstances”. If this really happens there will be immediate changes to the way businesses trade with the UK. Here’s how Brexit may impact your business.
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August 26, 2109
Portugal Requires Owners to Central Register and Extends Deadline for Invoicing Software

As of January 1, 2020 companies in Portugal will be issuing invoices using software certified by the Portuguese tax authorities. This also applies to companies that are not established in Portugal but are registered for VAT purposes in Portugal and have an annual turnover of more than EUR 75,000.
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August 14, 2019
Greece Prepares for Real-time Invoice Reporting

Another EU county planning on modernizing their VAT systems is Greece. They are planning to implement real-time reporting and E-invoicing starting next year. This includes daily reporting of B2B and B2C invoices via the online portal TAXISnet of the Greek tax authorities.

August 2, 2019
The VAT filing deadline in the UK is approaching

If VAT has been paid on expenses within the United Kingdom between July 1, 2018 through June 30, 2019, the original invoices should be gathered and sent to our office as soon as possible
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July 23, 2019
Let’s Not Get Into Double-Trouble

Tax laws say VAT-registered taxpayers need to provide:
1. VAT invoice for every sale, barter, or exchange of goods or properties; and
2. VAT official receipt for every lease of goods or properties and every sale, barter or exchange of services.
Supreme Court has concluded, in various cases, these documents should not be confused to refer to the same thing or be used interchangeably.
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July 11, 2019
Austria is Gearing up to Start Taxing Digital Advertising Revenues

As of January 2020, Austria is planning to levy a 5% tax on digital advertising revenue. Luckily it only affects companies with a global revenue in digital advertising of more than EUR 750M and digital advertising revenue in Austria of more than EUR 25M

June 27, 2019
Are You Surprised Germany Might Raise Taxes on Meat?

And Germany isn’t the only country considering introducing a meat tax – Denmark and Sweden have also been looking into it. The idea is: higher taxes will curb meat consumption by consumers. The argument is that the amount of factory-farmed meat we eat is unsustainable, and higher tax may be a good way to kickstart some widespread behavior changes.
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May 28, 2019
Last chance to apply for a VAT refund on EU invoices issued in 2018!

If VAT has been paid on expenses within the European Union (EU) after January 1, 2018, the invoices should be gathered and sent to our office this week for us to meet the June 2019 VAT filing deadline (This only applies to non VAT registered North American companies). Since we are extremely close to deadline the filing preparation has to start now.
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May 24, 2019
Changed rules - when to charge VAT on admission to training courses in the EU

The local VAT laws for the EU countries for when to charge VAT on admission to training and "educational" courses have varied quite a lot in the past. In some of the countries, it has been required to charge VAT to all the attendees, regardless of what country they come from, or if they are participating on behalf of their company, or as a private person. In others, the admission to these courses/events have been subject to the "reverse charge" which means that VAT should only be charged to attendees from the country of the event.
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May 22, 2019
Greece Reduced VAT on Dozens of Goods

Several supermarket shelf products have had VAT cut from 24% to 13% in Greece. Popular goods such as olive oil, meat and fish, cocoa and generally standardized non-fresh food are now in the lower VAT bracket.
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May 13, 2019
Poland is making it harder for businesses to commit VAT fraud

The Senate in Poland passed legislation on May 9, 2019, that companies are now required to use officially registered bank accounts for all business-to-business payments.
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April 9, 2019
Is VAT the reason beer prices diverge so widely across Europe

To buy a beer in Europe you may pay less than one EURO for a half-liter bottle of local beer in the Czech Republic to over EUR 7.00 in Norway. There are obvious reasons beer prices can differ among European countries. One is that tax laws are not uniform. Value added tax (VAT) varies from country to country.
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March 27, 2019
The Netherlands has confirmed they will reduced the VAT rate on electronic books and journals to 9% starting January 1, 2020

This decision by the Dutch government comes after the EU member states' decision last year to end the VAT anomaly between printed and electronic books and online newspapers and journals.
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March 5, 2019
Hard Brexit and VAT

As we are sure most of you have heard, the United Kingdom, (the UK) is about to leave the European Union. This will substantially affect all areas of the trade between the countries, as well as from other parts of the world, for example trade from the US to the UK and EU. This will also affect the VAT. At this moment there is no agreement in place for the continuing relationship between the EU countries and the UK, hence there is a risk for a “hard Brexit” in the end of March, 2019. Everyone hopes that this will not be the case as it would lead to chaos, and very big problems for the trade. We wanted to bring this to your attention in case you trade or plan to trade in the UK.
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February 21, 2019
Amazon and Ecommerce Sites contacting U.S. Companies about VAT

U.S. companies selling products online in Germany and/or rest of EU are receiving emails from Amazon and other online ecommerce sites. Our team at Euro VAT Refund, Inc. started to receive calls and emails from North American companies wondering about VAT registration and their VAT obligations when selling through Amazon and eBay in the EU.
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February 7, 2019
Electronic Services obligated to charge Russian VAT 2019 and standard Russian VAT increased from 18% to 20% (effective 1/1/19)

Foreign entities providing specific electronic services to Russian service recipients (B2C and B2B) will be obligated to register for VAT in Russia and generally charge 20% Russian VAT to the customes. The previous VAT system where Russian service recipients serve as VAT tax agents for the foreign supplier is no longer applicable.
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January 24, 2019
The VAT filing deadline in most European countries is approaching

If VAT has been paid on expenses within the European Union (EU) after 1 January 2018, the invoices should be gathered and sent to our office as soon as possible in order to meet the June 2018 VAT filing deadline.
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January 10, 2019
The Netherlands increase their reduced VAT rate from 6% to 9%

The Dutch government decided to raise their reduced VAT rate from 6% to 9% on January 1, 2019.

 

2018

September 5, 2018
VAT Registration Attention to eBay Sellers

Euro VAT Refund, Inc. has started to receive calls and emails from North American companies that are selling through eBay in the EU. eBay, like Amazon, has begun advising North American companies to register for VAT if they are importing to, storing goods at fulfillment warehouses and selling to customers in various EU countries.
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August 22, 2018
United Kingdom will Remain in EU VAT Regime Until the End of 2020

The European Commission has confirmed that the United Kingdom will remain in the European Union (EU) VAT regime until December 31, 2020 (the end of the 19-month Brexit transitions period), although Brexit currently is scheduled for March 29, 2019.
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August 8, 2018
United Kingdom VAT Filing Deadline is Around the Corner

The deadline for filing a VAT refund claim to the United Kingdom'’s tax authorities for invoices dated from July 1, 2017 through June 30, 2018 is fast approaching.
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January 18, 2018 - Updated June 1, 2018
Alert! The Australian Tax Authorities are actively contacting North American companies!

New GST rules in Australia go in effect July 1, 2018. These new rules mean that any company from a country outside Australia (including North America) selling "low value goods" to private persons in Australia must register for, and pay Australian GST if the turnover is of AUD 75,000 or more in a 12-month period (low value goods are physical goods valued at AUS 1,000 or less).
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January 22, 2018
New VAT reform within the EU in an attempt to tackle cross border fraud

The EU Commission is preparing for the biggest reform of EU VAT rules in a quarter of a century, in an attempt to crack down on an estimated EUR 50 billion in tax revenue lost to cross-border VAT fraud between countries within the European Union (EU).
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January 8, 2018
The VAT filing deadline in most European countries is approaching

If VAT has been paid on expenses within the European Union (EU) after 1 January 2017, the invoices should be gathered and sent to our office as soon as possible in order to meet the June 2018 VAT filing deadline.
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2017

December 27, 2017
The Swiss government decreases standard VAT rate on January 1, 2018

The Swiss government decided to decrease their standard VAT rate from 8% to 7.7%, and reduced VAT rate (accommodation) from 3.8% to 3.7% on January 1, 2018.
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December 22, 2017
Norway increases their reduced VAT rate from 10% to 12%

The Norwegian government decided to raise their reduced VAT rate from 10% to 12% starting January 1, 2018.
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August 31, 2017
VAT Registration Attention to Amazon Sellers

Euro VAT Refund, Inc. receives calls and emails on a daily bases from North American companies that are ready to sell through the Amazon websites in the EU. Amazon generally advise that companies import to, and store goods at their fulfillment warehouses in different EU countries, and from there ship and sell to customers around the EU. Many North American companies are unaware of their VAT registration liabilities in each of these countries, and the associated cost for appropriate VAT compliance.
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August 25, 2017
United Kingdom VAT Filing Deadline is Around the Corner

The deadline for filing a VAT refund claim to the United Kingdom'’s tax authorities for invoices dated from July 1, 2016 through June 30, 2017 is fast approaching.
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August 22, 2017
New Split Payment Systems in Poland & Romania

In order to further combat VAT fraud, Poland and Romania have introduced a new Split Payment System that will go into effect in 2017 and 2018.
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June 28, 2017
United Kingdom VAT Filing Deadline is Approaching

The deadline for filing a VAT refund claim to the United Kingdom'’s tax authorities for invoices dated from July 1, 2016 through June 30, 2017 is fast approaching.
Read more

April 10, 2017
Last chance to apply for a VAT refund on EU invoices issued in 2016!

If VAT has been paid on expenses within the European Union (EU) after January 1, 2016, the invoices should be gathered and sent to our office as soon as possible in order to meet the June 2017 VAT filing deadline.
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February 17, 2017
Launch of our newly updated website!

We are pleased to announce the launch of our updated website, designed with a fresh new look, user-friendly navigation and updated with the latest VAT information, news, webinars and brochures.
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February 15, 2017
The VAT filing deadline in most European countries is approaching

If VAT has been paid on expenses within the European Union (EU) after 1 January 2016, the invoices should be gathered and sent to our office as soon as possible in order to meet the June 2017 VAT filing deadline.
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February 7, 2017
The Romanian government decreases standard VAT rate once more on 1 January 2017

The Romanian Government has recognized a steady growth in the country and have therefore decided to once again cut its VAT rate on January 1, 2017 from 20% to 19%.
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January 26, 2017
New Italian VAT rules on short term house rentals

The Italian government has confirmed that North American companies offering online services for short-term house rentals are liable to charge VAT on their booking services.
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2016

October 12, 2016
The European Union calls the 160 Billion VAT Gap “unacceptable”

This year a study was conducted by the EU commission providing an estimate of revenue loss to fraud among the EU countries, also called the VAT Gap – the difference between expected VAT revenues and VAT actually collected.
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October 10, 2016
Sweden introduces a reduced VAT rate on repairs and home services in order to manage consumption and help refugees

The Swedish government introduced a tax break from 25% to 12% for minor repair work on clothing, shoes, bicycles, household appliances and leather goods.
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June 27, 2016
The United Kingdom has voted to leave the European Union, Thursday, June 23, 2016

Britain has voted in a referendum to exit the European Union, also referred to as ‘BREXIT’.
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June 20, 2016
The Danish Tax Authorities are closely following the footsteps of the German Tax Authorities

Several U.S. companies doing business within Germany have indicated that they have been contacted by the German tax authorities, and now the Danish tax authorities are doing the same.
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June 10, 2016
New VAT rules when registering for VAT in Norway

In previous years Norway required North American companies to appoint a fiscal representative when registering for VAT in Norway.
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May 25, 2016
Greece increases their standard VAT rate from 23% to 24%

The Greek government decided to raise their standard VAT rate from 23% to 24%.
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April 11, 2016
Euro VAT Refund, Inc. is listed on U.S. Commercial Services website as Business Service Provider to the European Union

Euro VAT Refund, Inc. is now listed as a Business Service Provider to the European Union on U.S. Commercial Services website export.gov - Please feel free to visit our listing under "Accounting, Auditing and Tax Services"

April 8, 2016
New stricter VAT rules for North American companies selling online to customers in Europe

The United Kingdom (UK) has realized that many North American companies are not following the local VAT regulations when selling goods in the UK via online marketplaces.
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January 14, 2016
VAT Refund Possibilities when attending Hannover Fair in Germany, April 2016

For the first time in history, the US will be the official partner country of the Hannover Messe in Germany, April 25-29, 2016.
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January 4, 2016
Austria increases their reduced VAT (MWST) rate from 10% to 13% this month

The Austrian government has decided to increase their reduced VAT (MWST) rate from 10% to 13% on January 1, 2016.
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January 4, 2016
The Romanian government decreases standard VAT rate on January 1, 2016

The Romanian government has decided to decrease their standard VAT rate from 24% to 20% on January 1, 2016.
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January 4, 2016
Italy increases standard VAT rate on January 1, 2017

The Italian government has decided to increase their standard VAT rate from 22% to 24% starting January 1, 2017.
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January 4, 2016
New VAT rules when arranging conferences in Switzerland

In previous years Switzerland did not require North American companies to register for VAT when arranging events within Switzerland where there is an attendee fee charged.
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