The VAT Expert Group of which he IVA is a member recently presented to the VAT Committee two papers on:
Possible VAT implications of Transfer Pricing Adjustments - VEG No 071 REV; and
Meaning of "financial, economic and organisational links" among VAT group members -
VEG N° 070 REV1
The IVA contributed substantially to the preparation of both papers, copies of which are obtainable from the IVA’s Administration team.
Other issues recently discussed in the VEG include:
VEG N° 073: Council Directive EU 2017/2455 of 5 December 2017 amending Directive 2006/112/EC and Directive 2009/132/EC as regards certain value added tax obligations for supplies of services and distance sales of goods (VAT e-commerce Directive) – Special scheme for distance sales of goods imported from third territories or third countries (Import scheme) – Provisions with effect from 1 January 2021
VEG N° 074: VAT e-commerce Directive – Special arrangements for declaration and payment of import VAT – Provisions with effect from 1 January 2021
VEG N° 075: Implications of the CJEU judgments on cost-sharing for the financial and insurance sectors
You can find the document here.
In an invoice issued for the purpose of input VAT deduction, the supplier’s address is not required to be the place of his or her economic activity. This was decided by the German Federal Fiscal Court in two judgments of 21 June 2018 (V R 25/15 and V R 28/16). The German Federal Fiscal Court thus follows the EUCJ in the German rulings in Geissel and Butin – C-374/16 and C-375/16...
Read more ...Luxembourg has adopted a new VAT grouping regime (article 11 of Directive 2006/112/EC refers). It replaces a previous regime which was restricted to entities only engaged in activities in the public interest...
Read more ...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.