News from IVA members

20 June 2016
Poland – News and Update

On 24th May, 2016 the Polish Ministry of Finance published the draft of new law on taxation of retail sales.
According to the draft ...

20 June 2016
Luxembourg – No Agreement on EU Draft Anti-Tax Avoidance

At the ECOFIN meeting on 25th May, the EU Finance Ministers were not able to reach an agreement on the amended draft EU directive laying down rules against certain tax avoidance practices...

20 June 2016
Hungary – Changes in the Administrative Requirements

At present taxpayers registered in Hungary are required to provide additional information on invoices which include at least 1,000,000 HUF VAT. This is an obligation for both the taxpayer registered in Hungary issuing such an invoice and the registered taxpayer accepting ...

20 June 2016
Greece – New VAT Rates from 1st June 2016

The new VAT rates apply to the following islands in Greece: Rhodes, Santorini, Mykonos, Naxos, Paros, Skiathos, Syros, Thasos, Andros, Tinos, Karpathos, Milos, Skiros, Alonisos, Kea, Antiparos and Sifnos...

20 June 2016
Greece – Transfer Pricing. Penalties and Sanctions

Entities which are obliged to declare and document their transactions with related parties and are subject to transfer pricing provisions should be very careful in relation to the amounts that are declared and ...

24 May 2016
Spain – Bank Account Details for the VAT Returns

The Spanish tax authorities have introduced the possibility to include an EU/SEPA bank account number for the refund applications filed through the VAT returns - Forms 303. Therefore, it will no ...

24 May 2016
Poland – Bad Debt Relief

On 1 June 2005 the Polish legislator introduced a possibility to decrease output VAT in case of overdue receivables. It is called “bad debt relief”...

24 May 2016
Poland – General Power of Attorney

Polish Ministry of Finance published a draft of the new layout of the general Power of Attorney.
According to ...

24 May 2016
Luxembourg – New Tax Measures

On 21 April 2016, less than one week before the traditional speech to the Nation, the Luxembourg Government presented some new tax measures for the 2017 tax reform as well as some amendments to the measures already presented on ...

24 May 2016
Hungary – Online Cash Registers for More Businesses

The online connection to the tax authorities of cash registers in the retail industry has been a great success for the Hungarian VAT incomes since the introduction of the system in 2014. According to the last update of the decree on ...

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News from the Board

Communique about the IVA activities in 2018

You can find the document here.

News from IVA members

Spain–Notice about not reaching a BREXIT Agreement

Please be informed that the Spanish authorities have issued a notice informing about the consequences as of March 30, 2019 of not reaching a BREXIT agreement that includes a transitory period, namely...

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News from EC

News from Accountancy Europe - January 2019

European Commission

Commission proposes legislative amendments to improve VAT for e-commerce and anti-fraud measures...

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Disclaimer:  The information contained in the present page is general and does not constitute legal advice. Before taking any decision or action on the above information you should take the appropriate professional advice.