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Malta – VAT Grouping

Under LN162 of 2018 – Single Taxable Person Regulations 2018, it is possible certain qualifying entities to form or join a VAT Group and be recognised by the VAT Department as a Single Taxable Person. Read more

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Portugal VAT

Portuguese VAT rules are based on regulations drawn up by the EU, of which Portugal was a founding member. The standard Portuguese VAT rate is currently 23%. As member state of the EU, Portugal is obliged to implement the VAT Directives, which provide guidance on VAT. Where there is a conflict, the European Directive takes precedence. Read more

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Summary of the recent VAT changes in Cyprus

This newsletter briefly outlines both shortly expected and recently adopted VAT changes in Cyprus, starting with the changes triggered by amendments in the main EU VAT Directive, which Member States are required to implement, then followed by specific local amendments in the VAT law or the practice of the Tax Department, as well as recently issued clarifications on certain topics. Read more

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Common Consolidated Corporate Tax Base (CCCTB)

In October 2016, the Commission proposed to re-launch the Common Consolidated Corporate Tax Base.

What is the Common Consolidated Corporate Tax Base (CCCTB)?

The Common Consolidated Corporate Tax Base (CCCTB) is a single set of rules to calculate companies’ taxable profits in the EU.

With the CCCTB, cross-border companies will only have to comply with one, single EU system for computing their taxable income, rather than many different national rulebooks.

Companies can file one tax return for all of their EU activities, and offset losses in one Member State against profits in another.

The consolidated taxable profits will be shared between the Member States in which the group is active, using an apportionment formula. Each Member State will then tax its share of the profits at its own national tax rate. Read more

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The Anti Tax Avoidance Directive

On 28 January 2016 the Commission presented its proposal for an Anti-Tax Avoidance Directive as part of the Anti-Tax Avoidance Package. On 20 June 2016 the Council adopted the Directive (EU) 2016/1164 laying down rules against tax avoidance practices that directly affect the functioning of the internal market.

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The Netherlands – Proposed changes in indirect tax law for 2019

On Budget Day, the Dutch government introduced the 2019 Tax Plan to the House of Representatives. Most recently, the House of Representatives adopted the bills included in the 2019 Tax Plan package. Below, please find the highlights of said package, briefly outlining some of the VAT and consumption tax measures (indirect taxes) that may impact international businesses. Read more

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VAT and customs, Germany

Federal Court of Finance (BFH) simplifies input tax deduction of invoices for companies

The Federal Court of Finance abandoned its previous jurisdiction with judgements from 21 June 2018 VR25/15 and VR28/16 and decided that it is no longer necessary for invoices to state a place where the entrepreneur carries out his business activity. Therefore, for input tax deduction, an invoice must only include an address where the company providing the service can be contacted by post. Read more