An amendment to the Value Added Tax Act that will take effect next year is related to the sale of goods to a specific buyer from a warehouse located in a Member State. The sale of goods from a warehouse located in another Member State before the new year (2020) carried the risk of VAT liability arising in such other Member State and of the resulting additional administrative burden, but this will become less of a concern with the support of a directive. However, this simplicity calls for closer cooperation with the accountant.
As of the new year, goods can be sent to a warehouse in another Member State for a known buyer in such a manner that this will not create a tax liability for the seller in such a state if certain
Practical observations about the amendment for
The accountant must know the following in relation to
the new amendments:
Leinonen’s accountants would be pleased to support the activities of your company in Member States and Leinonen’s tax advisers are ready to answer any questions you may have about this topic or other issues related to taxation.
We will send you articles keeping you up to date with the latest trends and developments in accounting, taxation or legal fields.