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VAT News N° 3 2017

Welcome to our monthly VAT News intended for companies having activities across the 28 Member States.

You will find here below updated information and schemes on a country-by-country basis.

Belgium, Italy,  Luxembourg & Spain .


Construction Sector - Joint Liability for Fiscal and Social Debts of the Subcontractor

A withholding obligation together with joint liability for social and fiscal debts is applicable in the construction sector.

The rule entails that a principal or a contractor doing business with a (sub)contractor related to construction activities having social or tax debts, is jointly and severally liable for them. Moreover, the client/principal is legally bounded to retain part of the sum owed to the (sub)contractor (35% for social debts, 15% for fiscal debts) and to remit payment to respectively Social Security and Tax Authorities.

A new database of the Social Security and Tax Authorities is accessible to the public to verify (sub)contractors status in terms of social or tax debts:



New Reporting Obligations

The Italian Tax Authorities have published a draft of the new quarterly VAT return (“ Comunicazione Liquidazioni Periodiche IVA”) mandatory since 01/01/2017.



Administrative Fines

As from 01/01/2017, failure to comply with VAT obligations (accurate invoice issuance, VAT accountancy, VAT return, etc.) will result in administrative fines from € 250 up to € 10,000 per infraction. Default of payment within the legal deadline will be punished with an administrative fine up to 10% of VAT due. 



Real-Time VAT Reporting

As announced earlier, the so-called “SII” (“SUMINISTRO INMEDIATO DE INFORMACIÓN”) will be applicable as from 01/07/2017.

Amongst other administrative obligations, the invoices will have to be reported according to the following deadlines:

  • Sales invoices: 4 working days as from the date of issuance;
  • Purchase invoices: 4 working days as from the date of booking for accounting purposes;
  • Intra-EU supplies: 4 working days as from the time when shipment starts;
  • Intra-EU acquisitions: 4 working days as from the time when tangible goods are received.

Saturday, Sunday and Spanish official holidays are not relevant.


See also our lasts VAT news: 

VAT News N° 4 2016

VAT News N° 3 2016

VAT News N° 2 2016

VAT News N° 1 2016

VAT News 08

VAT News 07

VAT News 06

VAT News 05

VAT News 04


Are you interested to receive more information about this topic or to discuss your specific case with a VAT expert? Do not hesitate to send us an email or set up a free conference call with us.



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