With effect from 1 January 2020, the German legislator introduced the EU requirements regarding the VAT treatment of cross-border storage in consignment warehouses in the EU in § 6b UStG (VAT Act).
In a single sentence, the BMF has stated in a letter dated 29 January 2021 that Section 25 UStG is not applicable to travel services provided by traders with their registered office in a third country and without a fixed establishment in the Community territory.
Companies in Germany have been eligible for an annual research allowance of up to EUR 1,000,000 since 2020.
In its ruling of March 11, 2021 ("Danske Bank" C-812/19), the ECJ extended its case law on the taxation of cross-border intra-group supplies between a principal establishment and its branch in the context of the ruling in the "Skandia" case (ruling of Sept. 17, 2014, C-7/13)
As a result of the exit agreement between the EU and the UK, applications for VAT reclaims relating to periods in 2020 must be submitted by 31 March 2021.
As a result of the exit agreement between the EU and the UK, applications for VAT refunds relating to periods in 2020 must be submitted by 31 March 2021.
At our recent Global Financial Services conference, Wolfgang Otte, Head of Global Banking, identified major global and regional changes in the Banking sector. Listen to Wolfgang.
With one single sentence in a recently published letter, the BMF has caused a buzz in the travel industry, which has already been battered by the Corona crisis.
The BMF letter of December 22, 2020 has introduced some significant changes in the form for the preliminary VAT return and advance payment procedure for the calendar year 2021.