Tag - Germany

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Germany - Online Marketplaces Liable

German Bundesländer Ministers of Finance have recently agreed on draft legislation that will introduce a secondary VAT liability for online trading platforms and marketplaces, in cases where third party traders do not declare and pay their VAT liabilities.

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Germany - Cryptocurrency VAT Exemption

There has been a lot of recent uncertainty amongst companies trading in cryptocurrencies in Germany, with reports that the German Ministry of Finance (BMF) had refused to grant VAT exemptions for transactions in Bitcoin as they considered Bitcoin to be non-legal tender.

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Germany - New Ruling on VAT Treatment of “Call-off Stocks”

It has been announced that the German Federal ministry of Finance have now published a decree which will amend the VAT treatment of call-off stock held in Germany.

Call-off stock is the term used to describe goods, owned by a non-resident supplier, that have been sent to the customer’s country and held in stock at a ware-house or storage facility; the customer can withdraw goods as and when needed and at this point the ownership is transferred from the supplier to the client.  

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Germany called in to line regarding EU VAT Rules

The European Commission has recently sent a letter of formal notice to Germany asking to bring its VAT systems into line with EU rules.

In fact, Germany is currently violating the EU rules on VAT Refunds. In particular it does not follow up on potential error messages from MSR. This means that if you are a taxable person not established in the country and you apply for VAT refund through the German e-portal you may potentially lose the right to a refund.

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Germany accuses other member states of weak tax sanctions

Berlin’s Federal Ministry of Finance has accused Italy, France and Spain of not having tight tax sanctions with huge companies, and thereby allowing these companies to avoid in the region of between 50 and 70 billion euros of tax, and inevitably draining EU funds at the same time.

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Germany - Annual VAT Return Deadline Extended

The deadline of the annual summary VAT return in Germany will be extended from 31st May to 31st July of the following year.

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Austria and Germany - VAT administration cooperation clarified

A treaty has recently been concluded between Austria and Germany regarding the cooperation in the field of exchanging information...

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Sweden - Less tax paid in Sweden than you might think

Sweden is often seen as a country that pays high taxes but a new study shows that this is not the case when compared to some of its neighbouring countries...

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Germany - Lawmakers vote for paperless tax environment

The German Parliament has passed a package of proposals toward a "paperless" tax environment for taxpayers in Germany...

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Germany - Referred to CJEU over VAT for travel agents

The European Commission has decided to refer Germany to the Court of Justice of the European Union (CJEU), Europe's highest court, over the way it applies VAT rules to travel agents...

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