QUICK FIXES aim to unify the rules for B2B merchandising in the EU. The Czech Republic has already started the process of implementing EU legislation in relation to QUICK FIXES in the Czech VAT Act. Changes compared to the current regulation will be particularly important in the Czech Republic for handling goods in the call-off…
The Economic and Financial Affairs Council has concretised legal details of chain transactions on 4 December 2018. The new regulations have been approved through so-called “Quick Fixes”. Systematically, the new regulations will be integrated in Article 36a of Directive 2006/112/EC. The new VAT regulations do not concern constellations involving non-member countries: The new rules are…
Largest European VAT reform since 1993 – amendments to call-off stock, chain transactions and intra-Community supplies from 1 January 2020. Following the German Annual Tax Act 2018 (also known as the Tax Act for the Prevention of VAT Revenue Losses from Trading with Goods over the Internet and Amendment of Further Tax Provisions – “Gesetz…