VAT-OSS procedure for B2C transactions What is OSS? What is changing as of 1 July 2021? One-Stop-Shop (OSS), is an electronic system that simplifies VAT settlements for e-sellers of goods and services offered to private customers across the EU, as it allows in general to: electronic registration for VAT purposes in one EU Member State […]
NEW RULES IN THE SETTLEMENTS OF INVOICE CORRECTIONS FROM 1 JANUARY 2021
As of 1 January 2021, the changes in the VAT Act regulations related to the reporting of the invoice corrections so-called „SLIM VAT package” came into force. One of the most important implemented changes is related to the new method of invoice corrections reporting for the purpose of the VAT settlement. Unfortunately, the simplification as […]
VAT in the CEE – the most important changes in 2021
Take a look at the changes: __ Poland SLIM VAT – changes in Poland as of January 2021 SLIM VAT is a package of changes which should make the VAT easy to use, adapted to the local specificity of the country in which it operates. The SLIM VAT package implements the changes to VAT as […]
VAT in the CEE – the most important changes
Selected changes in the VAT ___ Poland JPK_VAT implementation – the entry date 1 October 2020 Before October 2020 the Polish taxpayers had to submit to the tax authority mandatory two filings separately: VAT return and SAF-T file. As of 1 October 2020, the Polish taxpayers are obliged to submit JPK_V7M (monthly VAT reporting) or […]
Monitor your trade in goods within the EU Member States – check Intrastat obligations in the CEE Region
What is the INTRASTAT system? Intrastat is the statistical system enforced on 1st January 1993 in accordance with the need to control trade in goods within the European Union (EU) in a situation of removal of borders and customs formalities between the EU Member States when reporting obligations were withdrawn. Intrastat does not apply if […]
Real Estate Sector in CEE – Poland / Slovakia / Czech Republic / Hungary
In the recent 20 years, CEE countries have been increasingly attracting the attention of investors from the real estate sector worldwide. The answer to the question “why?” becomes quite obvious when you dig into details of the level of yield in particular countries of Europe. Investors prefer to locate their funds in our region since […]
Investing in CEE region – Poland / Slovakia / Czech Republic / Hungary
Poland, Slovakia, the Czech Republic, and Hungary are key CEE countries, attracting investments from all over the world. And although one would expect that it would be Poland – the biggest economy, country, and nation among CEE countries – who will excel, yet it seems that foreign investors prefer rather Slovakian, Czech or Hungarian economy. […]