The VAT Filing Deadline in Most of the European Countries is Approaching
If VAT has been paid on expenses within the European Union (EU) after January 1, 2014, the invoices should be gathered and sent to our office as soon as possible in order to meet the June 2015 VAT filing deadline. The filing preparation has to start as soon as possible due to the IRS certificate that has to be ordered which can take up to 3 months to receive. Please contact our office at your earliest convenience if interested in proceeding with a VAT refund.
Denmark Increases Hotel VAT Refunds from January 1, 2015
In previous years Denmark only refunded a portion of the 25% VAT incurred on hotel bills. The Danish government has now decided to refund 100% of the hotel VAT starting January 1, 2015, which is up from 75% in 2014. This will save business travelers who file VAT refunds an additional 6.25% of the hotel costs.
The Luxembourg Government Increases Standard VAT on January 1, 2015
The Luxembourg government will raise its standard VAT rate from 15% to 17% on January 1, 2015. The reason behind the increase is to compensate for the changes in the VAT rules on B2C electronic services which Luxembourg dominates.
Change in French Import Regulations
The French government has decided to change their import system as of January 1, 2015. In most other EU countries, including France, import VAT is due to be paid to customs upon import. However, the new rules mean that France will now have the same import system as Belgium and the Netherlands, where a company can set it up so that the import VAT does not have to be paid out to customs. Instead the company accounts for the VAT in their upcoming VAT return. This will improve a company’s cash flow since no VAT has to be paid out and therefore also does not have to be claimed back at a later point. Please contact our VAT experts for further information.
New Stricter Rules Related to Eligible VAT Invoices within the EU
New implemented rules within the EU means stricter requirements on eligible invoices accepted for VAT filings and refunds. Please contact our VAT experts for further information.
VAT Registration Required when Selling Goods Through Amazon in the EU
Several of our customers have indicated that Amazon within the EU will now
require all North American companies that are planning to sell goods through
Amazon in the EU to register for VAT before a contract is signed with any of the
Amazon websites within the EU. Please contact our VAT experts for further details.