The Ministry of Finance has published a draft amendment to the VAT Act, which announces the introduction of e-invoices, i.e. a standardized form of a document which will be transparent and legible for all users. The new solution will not be obligatory from the beginning however the taxpayer choosing e-invoices will receive a VAT refund faster. Read more
La Représentation Fiscal (LRF) is a founding member of the Association of French Tax Representatives (Association des Représentants Fiscaux Français – ARFF), a professional association with a mission to offer its Members a forum for discussion and exchange on any tax or customs subject related to the tasks of accredited tax representative. Read more
About yacht charters, the ordinary Italian VAT rate for the rent is 22%, but the effective rate is lower due to the particular calculation of the taxable base. Yacht charter services carried out in the territory of the European Union are totally subject to VAT (at the rate of 22%).
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The TRA Annual Meeting took place at the Sofitel Budapest Chains Bridge on June 7 and 8.
The event was masterfully organized this year by our Board Member Alessandro Farina and his ITL Group team, and saw TRA members participating also to the annual Budapest Business Party. Read more
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
On July 1, 2019 the “tornado” of the Italian Tax Authorities comes.
In fact, next July 1st will be a red-dot day in the Country. On the fiscal front, everything changes: here are the news for tax payers. Read more
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
We are glad to announce that our Alliance has recently joined EMOTA as a Supplier Member. EMOTA is the European level umbrella federation representing online and omnichannel trade across Europe. The main mission of EMOTA is to promote ecommerce and help policy makers remove any barriers to trade. Read more
The EU Application The new patent box regime model has been introduced in many EU member countries to be able to compete with similar precautions. The revenue derived from the intellectual property rights like patents, complementary protection certificates and royalties on patents will be taxed separately with a lower rate of tax than the other income of the country. Read more
As of January1st 2019 electronic marketplace providers are obliged to document that the traders using their online marketplaces in Germany are in possession of a German Tax Certificate confirming VAT registration in Germany. The online sellers must provide a copy of this certificate to their marketplace provider. Read more
