News

Archives

Bank guarantee refund threshold has been raised

/
Date25 Jan 2017
/
Posted By
/
Categories
The VAT refund thresholds have been raised where it requires a certified Italian audit or bank guarantee, this is up from €15,000 to €30,000. Most taxable people above this amount have a certified Italian account review on all applicable invoices, and then approve what is refundable. Alternatively, it is possible that the claimer can provide...
Please Read More

ITALIAN VAT – Changes to VAT filings

/
Date17 Jan 2017
/
Posted By
/
Categories
From 1st January, 2017, Italy has authorised (Law Decree 193) which is to introduce widespread new VAT filing requirements. Annual 2018 VAT Filing The 2017 Annual VAT return is now due by 30th April, 2018. The 2016 filing deadline is 28th February, 2017. Quarterly VAT returns Italy has introduced a new requirement for quarterly VAT...
Please Read More

Increase on ‘free allowance’ on small packages

/
Date16 Jan 2017
/
Posted By
/
From 1st January, 2017, the VAT-free threshold has been increased by the UK for small packages being imported in the country, from outside of the EU. The previously maximum value of goods was £34.00, this has been increased to £39.00. The UK authorises low-value consignment stock relief from duties and VAT for small packages. This...
Please Read More

VAT Anti-Fraud Measures (Poland)

/
Date04 Jan 2017
/
Posted By
/
Categories
From the 1st January, 2017 Poland introduced a range of anti-VAT fraud measures, these include: No longer are VAT registrations automatically granted as part of a business’ incorporation process VAT registration threshold has been increased Agents who register businesses for VAT may be held jointly liable for VAT (this will be limited to PLN 500,000.00)...
Please Read More

VAT Registration Threshold Increased (Poland)

/
Date30 Nov 2016
/
Posted By
/
Categories
From the 1st January, 2017 Poland increased its VAT Registration Threshold from PLN 150,000.00 to PLN 200,000.00. Poland received authorisation from the EU, which is required under the EU VAT Directive. This increase will only be applied to domestic/resident businesses in Poland. Non-resident businesses will still face a nil threshold for Polish VAT registration. This...
Please Read More

VAT e-Filings/online Filings (Poland)

/
Date24 Nov 2016
/
Posted By
/
Categories
From the 1st January, 2017 Poland introduced compulsory online filings for a range of VAT-related submissions. The filings that are affected include: VAT-7; VAT; VAT-7K-7D; and the summary information for VAT and EU intra-community supplies. They have allowed a 1-year transition period for business that do not: Provide EU intra-community supplies Provide reverse charge services...
Please Read More

The right to deduct VAT with a duplicate invoice depends on the reason to issue

/
Date14 Jan 2016
//
Categories
The moment at which the payment of duplicate invoices is made is determined by whether a business has received the original sales invoice and the invoice has been recorded in its accounts. Taxpayers still had doubts when they could deduct VAT from duplicate invoices. There are two possible solutions. The first applies if a copy...
Please Read More

An entirely new law on VAT will come into effect on 1st January 2016

/
Date11 Dec 2015
//
Categories
The lack of ability to obtain an advance ruling on individual tax rulings on sales VAT issues, meant for taxpayers they would be deprived of the only possible instrument to obtain a certain guarantee of the predictability of the controls in individual matters – claims Wojciech Pietrasiewicz, a tax adviser at Allen & Overy A....
Please Read More

Amazon sellers & VAT in Poland

/
Date05 Nov 2015
//
Categories
Many clients of getsix® are foreign Amazon sellers from other European Union (EU) countries or from outside the EU. getsix® handles the VAT registration process for these Amazon dealers in Poland, as well as the further Polish VAT compliance. All correspondence is done in German or English language and mostly the information is exchanged via...
Please Read More