All the important news for the year 2015 for your business activities in the European Union.
  • Telepayment procedures for tax-payers pertaining to tax services
    04 November 2015

    It is now required to submit VAT and IS declarations electronically.

    Furthermore, for those holding a bank account in France, VAT and IS paymants must be made by telepayment.

    As of December 1, 2015, telepayment is also required if the bank account of your enterprise is held by a foreign established enterprise engaged in SEPA business-to-business direct deposits.

    Not yet in compliance ? We invite you to adhere to the teleprocedures as of today.

  • Reduce Distance Selling Threshold
    20 October 2015

    The 2016 "Projet de Loi Finances" proposes to reduce the threshold under the VAT distance selling rules, from EUR 100,000 to EUR 35,000.

    Distance sellers from other EU member states to France would bear VAT as soon as the total amount of sales realized in France by the operator exceeded EUR 35,000. This harmonization with the threshold applied by most countries should encourage fair competition between EU operators.

  • Amendments to VAT Tax Law
    16 October 2015

    The effective date of the amendments is set at the date of the signing of the ESM–Hellenic Republic Agreement, unless otherwise indicated.

    The amendments introduced by Law 4334/2015 are summarized below.
    - Beef is subject to a reduced VAT rate
    - Private education is subject to the normal VAT rate of 23%, and is no longer VAT-exempt from 20 July 2015.
    - The 30% reduction of VAT rates for islands is gradually abolished beeing the first group of islands as of 1 October 2015, then 1 June 2016, and remaining islands from 1 January 2017.

  • Romania VAT rate to be modified
    13 October 2015

    The Romanian Parliament has ratified the 2016 VAT Code, with new changes coming into effect on 1 January 2016.

  • VAT software & electronic payments
    09 October 2015

    Even without a permanent establishment in France, foreign companies must provide electronic accounting entry files in a tax audit if it is VAT-registered.

    French VAT software must be officialy recognised : VAT registered entrepreneurs will be required to use officially recognised accounting software from 2018.
    Failing this, taxpayers risk incurring a €5,000 fine per missing or noncompliant file or up to 10% of the reassessed taxes in some cases, resulting in heavy penalties.

  • Poland new VAT return
    07 October 2015

    The new VAT-7 Polish VAT return has been made available for the reporting the July month or third quarter 2015 taxable transactions.

  • Czech extension of VAT reverse charge
    05 October 2015

    Tax office extended the application of the VAT reverse charge to a range of agricultural crops.

    In this instance, the Czech tax office has identified the trader of cereals, oats, peanuts, wheat, sesame seeds and rye. The use of the reverse charge will be for single transactions above CZ Koruna 100,000.

  • Slovakia to cut food VAT rate 2016
    01 October 2015

    Slovakia has proposed a reduction in its VAT rate on basic foodstuffs from 20% to 10% from 1 January 2016.

  • Administrative practice of refunding VAT
    30 September 2015

    According to a press release published on 5 August 2015 by the Romanian National Agency for Fiscal Administration, on 15 July 2015 the European Commission closed the infringement procedure against Romania regarding its administrative practice of refunding VAT.

    According to the press release, the term for settling the VAT refund claims was reduced from 180 days to approximately 60 days, and there are plans to further reduce it to a maximum of 15 days.

  • Electronic transaction VAT reporting
    26 September 2015

    Spain introduced throuh "Real Decreto" the requirement for the advanced, electronic supply of VAT transaction data to local "Agencia Tributaria" from January 2017.

    Qualifying companies will supply transaction data from their VAT books within four working days.
    Liable tax payers will no longer  submit Form 347 and will be provided with an pre-filled VAT Return application.  Deadlines will then be extended from the 20th to the 30th of the following month.

  • Germany’s Intrastat threshold
    21 September 2015

    According to the newly passed law in Germany, the threshold for the submission of Intrastat returns for inbound ("Eingang") goods movements will be increased from EUR 500´000 to EUR 800´000 from 1 January 2016.

    The threshold for outbound ("Versand") goods movement remains unchanged and is EUR 500´000.

    Find out more at :

  • Tax Reform Act 2015/16
    17 September 2015

    The Austrian Government (Ministerrat) approved a draft version of the Tax Reform Act 015/16 (Steuerreformgesetz 2015/16) and submitted it for parliamentary discussion.

    Austria has confirmed plans to raise its reduced VAT rate from 10% to 13% from 1 January 2016 on the following services :
    - Cultural events, including entrance to public museums and galleries
    - Domestic air travel
    - Sales of certain animal feeds

  • Temporary relocation of workers of a foreign enterprise
    14 September 2015

    Enterprises which are headquartered abroad can temporarily deploy salaried workers to France for special purposes. Prior to deployment, all employers established out of France who are to provide a service* on French territory have to submit a pre-assignment declaration to the work inspector in the area where the performance will take place.

  • 30 July 2015

    Due to a change in the Civil Code in Hungary, from 15th march changed the prerequisites to start a new limited liability company in Hungary.

    All new companies and companies at which occur any changes in the Register have to rise their equity capital to 3 000 000 HUF.
    The previous required value of the equity capital was 500 000 HUF.

  • New Intrastat threshold in Belgium
    13 March 2015

    As of January 1, 2015, new Intrastat thresholds are in effect in Belgium.

    The threshold for arrivals (Introductions) goes from 700 000 € to 1 500 000 €. Meanwhile, the expedition threshold at 1 000 000 € remains unchanged.

    The Intrastat newsletter is available at the following link :

  • On-line services provision within Europe
    11 March 2015

    As of the 1st of January 2015, the provision of telecommunication, radio and television broadcasting, and other online services will be taxable according current VAT rates in the member state where the consumer resides, and no longer where the service provider is established.

  • Lithuania rejoins the euro-zone
    06 March 2015

    Lithuania becomes the 19th member state of the European Union as it rejoins the EURO zone on the 1st of January 2015.

    In adopting the EURO as it's currency, the Distance Sales threshold also changes: from 125 000 LTL to 35 000 EUR as of the 1st of January, 2015.

  • Decision from the administrative court concerning permanent establishments
    03 March 2015

    Within the framework of the administrative court decision for the case C-605/12 «Welmory», to be considered a permanent establishment in the meaning of article 44 of directive 2006/112/CE, an establishment must be able to show a sufficient degree of permanence and a structure, in terms of human and technical means, allowing it to receive and use services that are provided for the needs of the establishment.

  • EC Sales List in Slovakia
    27 February 2015

    The requirement to file an intra-community declaration for expeditions has been changed from a threshold of 100 000 € to 50 000 €.

    For additional information you may contact one of our agencies by phone or through our internet portal - Contact.

  • Electronic VAT return
    26 February 2015

    From October 1st 2014, all companies, including foreign companies registered for VAT in France, must submit electronic VAT returns.

    A penalty which can go up to 0.2% of the amount of VAT due will be charged in case of non-compliance with this new procedure.

  • VAT and reverse charge
    19 February 2015

    New reduced rate : A new 10% reduced VAT rate is applied from January 2015 to food, books and medication for human consumption.

    Reverse charge : From 1 January 2015 the local reverse-charge mechanism has been extended to other goods including tablets, laptops, game consoles, mobile phones provided the total amount of the tax base of the total invoice exceeds CZK 100.000.

  • VAT in Denmark
    05 February 2015

    From 1 January 2015, companies is able to recover all of the input VAT incurred on hotel accommodation.

    If you want more information, please do not hesitate to contact ASD Group.

  • Reverse charge in Poland
    13 January 2015

    From 1 January 2015, reverse charge applies to domestic supplies of mobile phones over PLN 20,000 (per day) and the list of goods for which the purchaser is jointly liable for the supplier’s VAT liabilities has been extended to include tablets, notebooks, laptops, and game consoles.

    If you want more information, please do not hesitate to contact ASD Group.

  • New fiscal measures in Sweden
    08 January 2015

    Due to changes in Swedish VAT legislation, operators may need to add information to the EORI database. New rules on Swedish import VAT will apply from January 2015. Due to these changes, operators with EORI numbers issued in other EU Member States may need to add information on their Swedish VAT number to the EORI database.