The month of December started and the end of, again, a turbulent year 2021 is approaching. It is a good time to start looking back at what 2021 brought for Indirect Tax.
In a number of series, we will look back at the main global changes, trands, developments, risks and opportunities.
Today, we have a look at Pre-Filled VAT returns. This is definitely a new trend and a next step in a re-design of the VAT reporting mechanims due to digitalization of processess, like the implementation of mandatory B2B E-invoicing and Real Time Reporting.
Here are the main topics discussed on Pre-Filled VAT returns:
- France
- Mandatory import VAT deferral: Import VAT pre-filled on VAT return by the 14th day of the month
- With the implementation of mandatory B2B E-Invoicing (?)
- Hungary KPMG / Baker & McKenzie
- Italy as of Jan 1, 2022
- Portugal: Annual tax return to be pre-filled based on accounting SAF-T (as of 2018 Annual return)
- Spain as of Feb 1, 2021
See also
Check also the previous articles on ”Looking back @2021”
- Brexit
- E-Commerce VAT Directive launched in the EU per July 1, 2021
- Next to the EU, 14 countries implemented VAT on E-Commerce, another 7 will implement in 2022
- Saudi-Arabia is the first country in the Middle East launching E-Invoicing, UAE may follow
- The concept of Fixed Establishments remains a major risk, and even why?
- Intrastat: Major updates applicable as of Jan 1, 2022
- Implementation/changes E-Invoicing & Real Time Reporting during 2021
- ECJ cases decided in 2021 on ”Taxable Amount”
- 49 ECJ VAT Cases decided (incl. orders) in 2021
- Split Payments
- Poland and France to introduce optional taxation of Financial Services – Exemption may not longer be applied
- Activities of the VAT Expert Group
- ECJ cases decided in 2021 on ”Exemptions”
