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
Anything else?
Source Corona – iTx measures in the EU
