The TRA Annual Meeting will take place this year in Athens, at the Metropolitan Hotel, Leof. Andrea Siggrou 385, Paleo Faliro. Read more
The main VAT changes in Cyprus over the last few months concern the implosion of VAT at 19% on the leasing/rental of immovable properties and undeveloped building land, as provided for in the amending VAT Law No. 157(I)/2017 of 13 November 2017. Read more
The Revenue Commissioners have published a new Tax and Duty Manual, “VAT Treatment of Payment Services”. Certain financial services including negotiating or dealing in payments and transfers are exempt from VAT and this new manual provides guidance in relation to the nature of such exempt services. Read more
The decision of the Court of Justice of The European Union (CJEU) in the case of Edward Cussens & Others v T.G. Brosnan C-251/16 was published on 22/11/2017. The case concerned the recovery of VAT in relation to property sales. Questions relating to the application of the principle on the prohibition of abusive practices in Ireland were referred to the CJEU. Read more
The European set of rules GDPR is revolutioning the marketing and privacy worlds this year.
It is our pleasure to inform you that since last January the 1st 2017, Tax Partners has moved its office to the centric neighborhood “barrio de Salamanca” in Madrid, in C/ Duque de Sesto 17, 1ºC.
The Italian member of TRA, Studio Cassinis, successfully organized two conferences in October 2017 in Milan and Rome, fully dedicated to innovation in the sports industry, their specialization field.
On 22 February 2018 European Fiscal Studies (EFS/Erasmus University Rotterdam (EUR)) held its annual indirect tax-related seminar, this year focusing on the recent proposals of the European Commission on its Action Plan for a Single VAT Area under the title ‘Action Plan on VAT: Towards a Single VAT Area?’. Speakers/ Panel Members included the chairman Prof. Walter de Wit (EFS, Erasmus School of Law, EY), Prof. Gert-Jan van Norden (Tilburg University, KPMG Meijburg & Co), Prof. Marie Lamensch (Vrije Universiteit Brussel, KU Leuven and UCLouvain), Allard van Nes (Royal Friesland Campina) and Marcel Neggers (Dutch Tax and Customs Administration). Prof. Ben Terra (University of Lund, Sweden, Universidade Catholica Lisbon, Portugal) joined the panel during the plenary discussion.
Significant amendments to a number of tax-regulatory acts are enacted from 1 January 2018 including VAT. The amendments envisage a lower threshold for mandatory registration in the Register of VAT Payers and extend the business areas eligible to special VAT payment regime, the so-called reverse VAT.
Three major changes to Greek VAT are already in force with effective date 1/1/2018 which affect a significant number of taxpayers and businesses.