All Western industrialized states intensified their efforts to combat tax fraud in the last decade. In the fields of direct taxes (Income and Corporation Tax) these efforts are well advanced. The OECD Action Plan on Base Erosion and Profit Shifting is in the process to be transferred into the legislation of the participating memberstates. However, it…Details
Foreign businesses are able to apply for VAT refunds in Germany. There are of course formal regulations to be followed. These regulations differ for businesses from EU-member states and non-EU located ? businesses. Foreign businesses have to meet certain formal requirements. Formal errors result most certainly in the loss of the VAT-refund. Foreign businesses should be very careful when applying for…Details
In today’s world mail order selling has of course increased significantly through the Internet explosion. Mail order companies have to be aware of the fact that they might become subject to Value Added Tax in other EU-member states if they deliver goods to certain customers resident in those states. The rules for distance selling exist in every…Details
Transport and logistics companies often act as customs agents for their customers (principals). The same applies for warehouses and other service providers. If they lodge tax declarations on behalf of their principals they may become liable for import duties. Import duties are normally custom duties and Import VAT. In general the Import VAT is significantly higher…Details
The European Union has been trying for over a decade to modernize custom’s regulations. Todays regulations in form of the current Community Customs Code (CCC) originate from 1992. There have been political efforts to modernize the current custom law, the result being the Modernized Customs Code (MCC) whose main aim was to implement IT solutions in order…Details
On 8 December 2014, the Confédération Fiscale Européenne published the following press release:
On 5 December 2014, the European Commission has published a list of national contact points for any questions of operators regarding the 2015 changes to VAT on electronic, telecommunication and broadcasting services.
The list can be found here.
Foreign entities who want to start business activities in Germany are facing numerous legal requirements. They also have to deal with various authorities and other semi-official organisations. This article describes authorities and organisations who are in charge of tax and social security issues. Part 1 describes the taxation of business entities and related issues. Part 2 describes authorities…Details