What will 2020 bring in the area of VAT? Quick fixes already in January and a VAT decrease for selected supplies in May

One of the main topics of the traditional autumn seminar on value added tax, which is organised every year by Deloitte, were the new rules in the area of VAT, jointly referred to as “quick fixes”. Their primary purpose is to unify certain rules for cross-border transactions with goods within the European Union. What do they bring, specifically? How can preparations be made for them? 

22. 11. 2019

VAT News in June

With regard to the changes in the conditions of cross-border trading with goods in the EU from January 2020, the European Commission has published material with a description of selected aspects of the new rules. The General Financial Directorate (GFD) is finishing its work on the methodological note concerning the VAT treatment of the issuance and distribution of vouchers. What is new at the Court of Justice of the European Union (CJEU)? This and much more is debated in detail in the VAT news for June. 

18. 6. 2019

Changes relating to customs guarantees for temporary storage and special customs procedures – VAT will no longer be secured

On 15 March 2019, the President of the Czech Republic signed an act amending certain tax laws (the “tax package”). The package includes the long-awaited amendment to the Customs Act providing guidance on securing customs debts relating to temporary storage and special customs procedures (except for the transit procedure). The news is that the customs authorities will no longer require that the customs guarantee covers VAT. 

20. 3. 2019