The Czech Presidency of the EU Council has announced its unanimous agreement with the Commission’s proposal for a Directive, which ensures that large multinational groups pay a minimum effective tax rate. This historic agreement brings the EU closer to fulfilling its pledge to be among the first to implement the OECD tax reform. Once in effect, this agreement will introduce fairness, transparency, and stability to the international corporate tax framework. Read more
VAT in the digital world
The European Commission has proposed to renew and improve the EU’s VAT system to help businesses and combat digital fraud. The proposal was motivated by the loss of 93 billion euros in VAT revenue by Member States in 2020 and the growing importance of the platform economy. Read more
Taxation: New EU transparency rules require service providers to report crypto-asset transactions
On 8 December 2022, the European Commission proposed new tax transparency rules for all service providers facilitating transactions in crypto-assets for customers resident in the European Union.
These complement the Markets in Crypto-assets (MiCA) Regulation and anti-money laundering rules. Read more
Exportations from France
As of October 1, 2020, companies not established in the European Union (“EU”) can no longer appear as Exporter in box 2 of customs export declarations (EXA) made in France. However, in practice, French customs continued to accept companies established outside the EU to appear as exporters on customs documents. Read more
Reverse charge of vat on imports to France
As of January 1, 2022, the VAT due upon release for consumption in France of goods coming from outside of the European Union, has no longer to be paid at the time of customs clearance in France and must be reverse-charged in the VAT returns filed with the French tax services. Read more
Customs importer vs fiscal importer, in France
The “direct” mode of representation is not allowed by European customs regulations for the import of goods in the name and on behalf of a company established outside the European Union (“EU”)
When you use a freight forwarder, carrier or other person established in the EU to import goods into EU territory, it is very likely that they will have offered to sign a mandate authorizing to act in the name and on behalf of your company according to the mode of “direct” representation. However, this mode of representation is only authorized by customs regulations if the person represented (endorsing the status of “declarant”) has an establishment within the EU. Read more
Summary VAT statement and answer to statistical surveys, for France
Since January 2022, the methods of declaration of statistical and fiscal information relating to intra-Community supply and acquisition of goods, that were reported in Intrastat – “Déclaration d’Echange des Biens” (“DEB “) change. This reform follows the entry into force of a new regulation on European business statistics, known as the EBS, European Business Statistics (regulation (EU) 2019/2152 of the European Parliament and of the Council of 27 November 2019). Read more
Electronic invoicing between taxable persons (“e-invoicing”) and transmission of information (“e-reporting”) to the French tax authorities from 1 July 2024
From 1 July 2024, businesses will face new procedures for the transmission of invoices (“e-invoicing”) and transaction data (“e-reporting”).
The application of one and/or the other procedure will depend on the place of establishment of the parties, the territoriality rules allowing to determine whether the transaction falls within the scope of application of French VAT, as well as the applicable invoicing rules.
Read more
UK Distance Selling Rules in Summary
Changes to distance selling rules for the UK were implemented as part of The Taxation (Post-transition Period) Act. This document provides a summary of the changes as at 1st January 2021. Read more
Webinar | E-Commerce: new EU VAT rules for B2C distance sales of goods and services will come into force on July 1, 2021
A major VAT reform is coming in effect on July 1, 2021 in the Member States of the European Union. Companies providing certain services or deliveries of goods to private individuals located in the EU Member States, will be able to register at the VAT Mini One Stop Shop (MOSS) in a single EU Member State, where they can declare and pay VAT on all of their sales in EU Member States. Read more
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