VAT in Italy: Often neglected, the local and unique sequential numbers for your invoices relative to operations abroad is a must. Italian authorities recently showed how inflexible they are on the issue.
VAT in Germany: Your company imports goods in Germany ? Then, you probably know that postponed accounting via the VAT return is not possible in Germany. In principle, import VAT needs to be paid to the customs authorities upon importation (immediate payment is required). This cause an important cash flow issue for many taxpayers as the input VAT will have to be recovered through the periodic VAT return at a later stage.
VAT in Belgium : Businesses submitting monthly VAT returns in Belgium should, in principle, pay an advance on the VAT due for the December operations, which corresponds to the amount of VAT effectively due on the operations taking place between December 1st and December 20th. This VAT advance does not have to be paid in every case.