Under the law, when a company charges VAT on an invoice or other tax document, it has the obligation to reimburse the tax to the tax authorities, regardless of when and if it collects it from the counterparty. Therefore, in terms of VAT, companies essentially act as “tax collectors” on behalf of the tax authorities, …
Tag: vat
Inflation Losses
Citizens of both the US and the EU have learned to live, in recent months, with the resurgence of the phenomenon of inflation that has re-emerged sharply since it was last recorded in early 2011. Adapting to the new reality should be done immediately, as the impact on disposable income is already here as well …
DAC 6: The EU Council Directive 2011/16 to Enhance Transparency and How It Works
The EU has adopted Directive 2018/822 known as cross border-tax regulations, known as DAC6, which member countries are obliged to incorporate into their fiscal legislative framework. This Directive aims to enhance transparency and exchange of information between member countries on combating cross-border aggressive tax planning. by Thanos S. Chonthrogiannis ©The law of intellectual property is …
The Sustainable Solution for the Eurozone (EU) Economy – Part II
The European Commission and in general the EU rightly has set specific fiscal limits on the budgets of the member states of the Eurozone through the: Treaty of the European Union, Feb. 1992, widely known as the Maastricht Treaty-December, 1991 (Source׃ EU https://europa.eu/eu-law/decision-making/treaties/pdf/treaty_on_european_union/treaty_on_european_union_el.pdf, 29/7/2015, Brussels_Luxemburg 1992), and the Stability and Growth Pact (November, 2011) (Source׃ …