True to the motto “the best is yet to come”, the third edition of the WTS Global VAT News 2021 will provide you with the latest global insights on changes in legislation, jurisdiction and statements of the tax authorities in terms of VAT and GST.
Input VAT recovery will still be granted in Austria, however changed procedures may apply. France – contrary to the general relief from VAT compliance – changes the procedures for levying import VAT and its recovery. Germany responds to the ECJ ruling on supervisory board members and drastically changes VAT and insurance tax rules for warranty commitments. Online reporting of invoices is the latest trend – Hungary reacts to tricky aspects when non-resident customers apply the self-billing. The tax authorities in Italy re-define the preconditions for claiming input VAT under the input VAT recovery procedure. VAT grouping shall become a new feature of the VAT Act in Poland.
Beyond Europe, Ukraine extends the VAT scope for digital services provided by non-resident suppliers. Nigeria raises VAT at a federal level – the first time in decades - however the Federal High Court just recently denied the legal basis for the VAT Act.
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