EU countries VAT

VAT in Germany – Additional delay for the payment of import VAT

VAT in Germany – Additional delay for the payment of import VAT

by on December 8, 2020 with No Comments

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 Italy: Deduction of input VAT that is charged too late

VAT in Italy: Deduction of input VAT that is charged too late

by on September 17, 2020 with No Comments

VAT in Italy: deduction of input VAT that is charged too late. A European business, which is registered for VAT in Italy as a foreign entity, made a supply which was subject to Italian VAT. In first instance, an invoice with no VAT was addressed to the customer. It however appeared that it was a mistake and that local VAT had to be charged. As a consequence, the supplier decided to correct the invoice and regularize the situation a posteriori.

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