Tax & Legal

Categories: All (3 found)

1. 05.11.2023

   VAT due upon credit of payment to current account if option ...

   In a recent decision, the Supreme Tax Court held that - in the case of bank transfers - the chargeable VAT for payments is incurred at the time the respective amount is credited to the payee's current account, even if the value date is at an earlier point in time.

   Categories: Supreme Tax Court cases

   Keywords: input VAT, collection of VAT, remittance ...
2. 25.10.2023

   VAT compliance: EU Member States made progress in 2021

   According to a new report released by the European Commission on 24 October 2023 most EU Member States made progress in the enforcement of Value-Added Tax (VAT) compliance in 2021. The annual VAT Gap study, which measures the difference between theoretically expected VAT revenues and the amount actually collected, shows that Member States lost around €61 billion in VAT in 2021, compared to €99 billion in 2020.

   Categories: From Europe

   Keywords: collection of VAT
3. 09.01.2011

   Conflict of definition with no collection of VAT does not pr ...

   The ECJ has held that a conflict of definition leading to cross-border car leasing being taxable in neither country does not preclude the right to deduct input tax.

   Categories: From Europe

   Keywords: input tax deduction, conflict of definit ...