Corona – Indirect tax measures in the EU – Update March 16, 6PM

Obviously … iTx impact of Corona should be the least of all our worries. Take care of yourself and your family!!!

Versus prior version (March 15), measures have been announced in Cyprus, Czech, Ireland, Sweden and Finland.

Luxembourg may also have taken measure to postpone VAT reporting and payment, no further details known yet.

In case you are aware of any other measure, please let us know ([email protected]).

What can authorities do:

Delay filing of VAT returns, EC Sales Listing and other VAT reporting
Delay payment of VAT
Delay upcoming legislative changes
Faster repayment of VAT receivables
Allow flexibility for VAT adjustments on bad debts
Cut VAT rates on selected products and services
Allow paper invoices to be sent via e-mail/pdf
Allow VAT deduction based on pdf
Flexibility on VAT deduction of destroyed goods
Flexibility on VAT deduction on cancelled events
No VAT adjustment on capita goods tenporarily used to fight the virus
Ensure fast handling of VAT registration requests
No interest and penalties charged in case of late filing of VAT reports and VAT payments
Postpone VAT audits
Confirm lack of Fixed Establishment if employees are working outside the country where the Company they are working for is established
… it is time to roll-out pan-European E-invoicing standardized model