The Romanian Tax Authorities (RTA) continue racing to reduce the VAT deficit and fraud in respect of VAT collection. According to the latest VAT Gap Report published by the European Commission (see here and here), seven European states remain above the...

In due course, the EU Court of Justice (ECJ) may shed some light on the VAT intricacies of transfer pricing (TP) adjustments. In Arcomet, the Bucharest Court of Appeals asked the ECJ whether the amounts included in yearly equalisation invoices...

Originally, mandatory e-invoicing was supposed to come into effect as early as 2023, but due to the complexity of the application of e-invoicing procedures and objections of entrepreneurs, the deadline was postponed until July 2024. Nevertheless, it should be kept...

Following the adoption of CBAM by the European Union (EU) parliament, businesses impacted will have a transition period beginning 1 October 2023. If your business imports goods and materials from outside the EU and is in scope of CBAM, you...

The Romanian tax authorities have introduced a series of measures in an attempt to reduce its VAT deficit and combat the impact of fraud on VAT collection. According to the European Commission VAT Gap Report, in 2020, VAT collection within...

Prior to July 2021, if you were not carrying on a business in Canada you did not have to worry about Canadian sales taxes. Those sales were said to be out of jurisdiction for Canada and therefore by virtue of...

Starting from January 2021, Tour Operators' Margin Scheme (TOMS) is no longer applicable to entities that have established their businesses or have a fixed establishment from which they render the services outside the European Union (EU). In this regard, non-EU...

Providing information on taxation in 22 Central and Eastern European (CEE) states, the latest Mazars CEE tax guide analyses long-term taxation trends and fundamental tax regime changes in each country, both now and in previous years.

A crucial number of Ukrainian companies (including subsidiaries of international enterprises) experienced negative business and financial impacts as a result of the Russian invasion of Ukraine which started on 24 February 2022. The urgent relocation of staff to other regions...

The Swiss and European VAT systems are similar in many respects, but there are also differences that can lead to serious adverse tax consequences. Switzerland, for the most part, follows unilaterally the same broad lines as neighboring countries, thus trying...

From 1 January 2022, VAT taxpayers will be able to create a VAT Group in Poland. The act implementing this “Polish Deal” introduced the separate institution of a VAT Group, previously unknown in the Polish tax system, enabling consolidated VAT accounting...

Key milestones are being reached in the digital economy in 2021. In this post, we review the most recent legislation and provide insight on how to keep up with the tax aspects of this fast-developing topic. Digital commerce is increasing...

In July 2021, the European Commission presented its ambitious Fit for 55 legislation package, which supports its commitment to reduce net greenhouse gas emissions within the EU by at least 55% by 2030 (compared to 1990). From an international trade...

Total UK Government receipts for 2020/21 were £795bn, £34bn down on the previous year (see here).  In this article, we focus on how the environment and the digital economy contribute to this result and the future implications.  In future articles,...

This article will provide you with an update on new VAT rules that will impact companies who sell goods (online) to consumers in the EU.  As of July 2021, new VAT rules will enter into force in the EU. If...

Following the UK’s spending review statement of 25 November, there is now greater clarity on how the UK economy will be taken forward into 2021 following the Covid-19 pandemic and exit from Brexit transition.  Despite incurring record UK government borrowing...

From a general VAT perspective, the coming year of 2021 will be a turbulent one and will create a lot of work for businesses operating in an European environment. Below are the key VAT aspects to consider before the end of...

After the French government enacted a 3% digital services tax on gross income, it is now the French Administrative Supreme Court which rendered a landmark decision for international groups providing digital services in France by strongly extending the definition of...

Since 1st January 2020, the VAT “quick fixes” brought several amendments to the EU VAT legislation; one of the most important amendments being stricter rules for the justification of the VAT exemption for intra-community supplies of goods. As cross-border VAT...