Welcome to our monthly summary of Value Added Tax news and insights curated and summarized by the Sovos Compliance Tax Research Team. Here are the country-by-country news highlights for November 2016. Read the entire summary, including country-by-country highlights, on our blog.
European Council Adopts Conclusions on Cross-Border VAT Rules
On November 8, 2016, the Council of the European Union officially adopted a set of draft conclusions on improvements to VAT rules governing cross-border transactions. Read more about the four improvements.
No Agreement on European Public Prosecutor’s Office
On October 14, 2016, European Union justice ministers continued their ongoing negotiations as to the scope of a new European Public Prosecutor’s Office (EPPO), which is currently scheduled to begin work in 2019. A major sticking point is whether the EPPO will be empowered to hear cases of VAT fraud. Read more.
Consultation on Electronically Supplied Publications: Results
The European Commission has released a report summarizing the results of its open consultation on VAT rates for electronically supplied publications. Approximately 94% of respondents agreed that Member States should be allowed to apply reduced VAT rates to e-books, and 88% of respondents would also extend reduced rates to e-newspapers and e-magazines. Read more.
You’ll find the complete news summary for the following countries on our blog.
Belgium: Lower House Considers VAT Reduction on Certain Housing
Bulgaria: 2017 Instrastat Thresholds Published
Croatia: VAT Amendments Proposed
Cyprus: VAT Online Registration
Czech Republic: No VAT Reduction on Beer or Essential Foods
Denmark: VAT on Sales of Real Property
Estonia: Amendments to Value Added Tax Act
Finland: New VAT periodic return forms to use starting January 1, 2017
France: Presidential Candidates Favor VAT Increases
Germany: Agency Proposes VAT Cuts on Resource-Efficient Products
Greece: Registration of EU entities
Hungary: Prime Minister Pressures EU on Digital Services
Italy: VAT and the 2017 Budget
Luxembourg: Upper House Amends Proposed Transfer Pricing Law
Netherlands: Reduced Rate on Kidney Dialysis Concentrates, Sunscreen and Toothpaste; Dutch Supreme Court Confirms CJEU Judgment
Poland: Polish Lower House Adopts VAT Amendments
Portugal: VAT Exemption for Museum Donations
Slovak Republic – CR: Guidance on Filing of Returns After a Change in Registration Status; Suppliers of Construction Work Must File Reports
Spain: VAT and 2017 Budget
Sweden: Swedish High Court Rules on Joint Business for VAT Liability
United Kingdom: Tour Operators Margin Scheme; VAT on Assets Used by a Business Prior to VAT Registration; Import VAT and Simplified Inward Processing