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VAT & Brexit

VAT & Brexit

Are We Going Back 27 Years on January 1, 2021? Will There Be a Physical Border Again Between the United Kingdom (UK) and the EU Member States? It certainly looks that way. Without a Brexit deal between the UK and the EU, customs formalities will once again apply to transactions with t …

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Where are you missing out on export opportunities?

Where are you missing out on export opportunities?

Where Are You Missing Out on Export Opportunities? Dutch entrepreneurs affected by Brexit are leaving up to 40% of their export potential untapped, according to a new report by research agency Ecorys. The good news is that there is plenty of room for businesses to compensate for lost …

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New approved system for reduced VAT rates

New approved system for reduced VAT rates

New approved system for reduced VAT rates In the Netherlands, we have had a reduced VAT rate for quite some time. As of 2019, this rate is 9%. It is applied, for example, to certain food products, medicines, books, hairdressing services, etc. The reduced VAT rate is a popular politica …

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Introduction of mandatory E-invoicing in Italy per 1 January 2019

With the Budget Law for Fiscal Year 2018, Italy introduced a mandatory e-invoicing system for domestic invoices. Such e-invoicing obligation already exists for so-called “Business to Government" supplies and per 1 January 2019, this obligation will be extended to general “business-to- …

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