Tax Timeline
Being up to date with tax regulatory changes is essential for businesses. Especially when it comes to the nitty-gritty details that have impact on your day-to-day compliance work. Follow the timeline and make sure you are ahead of the game.*-
January 2020
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Approved EU
Effective date of EU VAT Quick Fixes (country-by-country implementation may vary)
Approved ATIntroduction of detailed recordkeeping obligations for Marketplaces relating to supplies made by third parties on their platforms (to be provided on request)
Approved BGAbolishment of VAT registration threshold (BGN 50,000) for foreign taxpayers
Approved CHMandatory e-filing of VAT returns
Approved FRMarketplaces to provide information on the transactions performed by their sellers
Approved HUBad debt relief in effect
Approved LTIntroduction of calendar quarter VAT reporting period for taxpayers with a yearly income below EUR 300,000 ( the i.SAF invoice registers are still to be filed on a monthly basis)
Approved NOIntroduction of mandatory SAF-T file format, summary to be provided upon the tax authorities' request
Excise duties and VAT applicable to food, beverages, and other goods subject to Norwegian excise duties regardless of the value of the goods
Approved SI5% VAT rate will become applicable to printed and to electronic publications
Approved HRThe preparation and supply of meals, including desserts, inside and outside a catering facility will be subject to the 13% VAT rate
Approved IEVAT rate for food supplement products will be increased to 13.5%
Planned ATSupply of e-books and e-publications will be reduced to 10%
Approved HUVAT on accommodation services from hotels, B&B and house sharing will be reduced from 18% to 5%
Approved ITThe reduced rate of 5% will be applicable to sales of feminine hygiene products; also, driving school tuition fees are no longer VAT exempt.
February 2020
Approved EUNew ESL forms may be in effect in various countries due to the new call-off stock rules
Approved ROAbolishment of mandatory split payment mechanism
There is no news (that we know of) for March 2020.April 2020
Approved PLBakery, confectionery products, printed books, e-books, tropical and citrus fruits will be subject to 5% VAT rate; The 8% VAT rate will become applicable to newspapers, specialist periodicals and numerous unprocessed spices
Approved ESThe reduced VAT rate of 4% to be applied to supplies of electronic books and digital press
10 % reduced VAT rate will be applicable, among others, to books, newspapers, catering services, repair and adaptation of clothing and textile articles
Approved BEIntroduction of a new quarterly statistical summary: each member of a Belgian VAT group with an annual turnover of at least EUR 15 million to report to the National Bank of Belgium
Approved NLIntroduction of re-defined "exporter" rule: it will no longer be possible for a person not established in the EU to be indicated in box 2 of the export declaration
Approved NOIntroduction of a simplified system applicable to importation of low-value goods sold via online sellers and marketplaces (VOSC system)
May 2020
Approved CZ10 % reduced VAT rate will be applicable, among others, to books, newspapers, catering services, repair and adaptation of clothing and textile articles
Approved SIVAT exemption for supplies of protective and medical equipment
Approved BEThe reduced VAT rate of 6 % is to be applied to masks and hydroalcoholic gels until the end of 2020
Approved ITMedical and individual protection goods and devices will be subject to 5%, masks will be zero-rated until the end of 2020
“Super-reduced” 5% rate of VAT for supplies of certain medical goods, but VAT exempted till December 31, 2020
Planned ATThe VAT rate on non-alcholic drinks is reduced to 10%
Approved NLTemporary VAT zero rate on supply of protective face masks from 25 May to 1 September 2020
Approved UK0% VAT rate applies from 1 May 2020 until 31 July 2020 to the supplies of personal protective equipment
Approved FR5,5% VAT rate is applicable to masks, protective suits and personal hygiene products
June 2020
Planned CZ15 to 10% on accommodation services and admission to cultural and sporting events
Approved BE6% VAT rate will be applicable for the restaurant and catering sector until the end of 2020
Approved ATIt is planned to decrease the VAT rate to 5% in respect of restaurant and similar hospitality services, and entrance to cultural venues until the end of 2020
July 2020
Planned GRThe application of the reduced VAT rates to the five islands Leros, Lesbos, Kos, Samos and Chios will be abolished
Approved DEThe reduced VAT rate of 7 % is to be applied to the supply of restaurant and catering services until 20 June 2021
Planned DEThe standard VAT rate will be reduced from 19% to 16% while the new reduced rate would be 5% until the end of 2020
Approved SAStandard VAT rate will be increased from 5% to 15%
Approved UKThe VAT rate on hospitality services will be cut from 20% to 5% until 12 January 2021
Approved HUReal-time Reporting scope extension: the current reporting threshold of HUF 100,000 will be abolished
Postponed launch of the RTIR 2.0 as obligatory for taxpayers
Approved ITIntroduction of pre-prepared quarterly VAT communications for domestic taxpayers based on e-invoicing and Esterometro
Approved HUNew JPK (VAT submission schema) in effect for all taxpayers, postponed implementation deadline for large taxpayers
Planned GRPlanned introduction of e-invoicing on a voluntary basis in July 2020
There is no news (that we know of) for August 2020.September 2020
Approved IEStandard VAT has been decreased from 23% to 21%
October 2020
Approved PLNew JPK (VAT submission schema) in effect for all taxpayers
Approved PTSEPA direct debit option is now available for VAT payments
There is no news (that we know of) November 2020.December 2020
Planned UKUK to leave EU VAT regime under the Withdrawal Agreement
Approved ROStandard Audit File for Tax purposes (SAF-T) to be introduced by the end of 2020
January 2021
Approved EUNew e-commerce VAT rules enter into force; based on a proposal published in May 2020, this may be postponed to 1 July 2021.
Approved ITIntroduction of pre-prepared VAT returns for domestic taxpayers based on e-invoicing and Esterometro
Planned PLPlanned introduction of live VAT e-invoice reporting
Approved CZAbolishment of VAT exemption for small consignments originating from outside the EU
Approved PTIntroduction of mandatory B2G e-invoicing for large businesses (postponed deadline)
Approved SEComputer chips; mobile phones; games consoles; laptops and computer tablets will be subject to reverse charge
Approved FIKatso authorization replaced by e-Suomi
Planned GRPlanned introduction of e-invoicing and e-books on a mandatory basis
Planned BGVAT rate for restaurants and places of entertainment registered under the Tourism Act expected to be cut from 20% to 9%
Planned ITPlanned VAT rise from the current 22% to 25% (Jan 2021), and then to 26.5% (Jan 2022) - delayed due to COVID-19 crisis
There is no news (that we know of) for February-March 2021.April 2021
Approved HUReal-time Reporting scope extension: B2C transactions are to be reported as well (extended deadline)
Approved UKMTD Phase 2 - no manual corrections or manipulations allowed after this date / suspension of penalties on late MTD filings ends (postponed deadline)
Approved OMPlanned introduction of VAT
There is no news (that we know of) for May-June 2021.July 2021
Approved PTIntroduction of mandatory B2G e-invoicing for small and medium sized businesses (postponed deadline)
Planned PTNon-established VAT registered companies must adopt the certified invoicing software (extended deadline)
2022
Planned FRBased on current plans, all businesses would be able to benefit from the postponed import VAT accounting scheme in France
Planned PLPlanned implemention of mandatory e-invoicing in B2B situations based on the current Italian pre-clearance model which would replace the currently existing JPK (SAF-T requirements)
Approved PTIntroduction of mandatory B2G e-invoicing for micro-businesses (postponed deadline)
* The information contained in our “Tax Timeline” is for general guidance only. It should not be regarded as a substitute for professional advice, nor should it be used as a basis for implementing any business decisions, without properly consulting your tax advisors. Whilst we have made every attempt to ensure the information has been obtained from reliable sources, Tauxally is not responsible for any errors or omissions.