On January 1, 2020, subsequent amendments to VAT will enter into force. This time they are caused by changes in European law. They concern the so-called intra-Community transactions.
The taxation system for these transactions, which has been in force since 1993, is temporary and is difficult to use for businesses at all times, prone to scams and fraud.
For now, the EU is proposing four ad hoc solutions:
– harmonization of provisions on the storage of goods (consignment warehouses),
– simplification of chain transactions, the intermediary arranging the transport will be able to decide which of the transactions is intra-Community,
– changes in the meaning of summary information provided to tax authorities, – simplification in the required documentation of intra-Community transactions.
– simplification in the required documentation of intra-Community transactions.