Changes in the VAT legislation - The new rules regarding the provision of services applicable as from 1 January 2010, 1 January 2011, 10 January 2011, 1 January 2013 and 1 January 2015

View this page in: Greek
Duration: 6 hours
09:00 - 16:30
Date: Friday
25 May 2012
Venue: PwC Training Center
City House
6 Karaiskakis Street
Limassol
Instructor: Martha Lambrou
Cost: €210 (+ VAT)
After subsidy:
€167,70 (incl. VAT)
Participants' number: Restricted to 50

Aim of the course

The aim of the seminar is to introduce to participants the changes in the VAT legislation which have been adopted as from 1 January 2010, 1 January 2011 and 10 January 2011 as well changes which will be adopted as from 1 January 2013 and 1 January 2015.

More specifically the seminar will:

  • introduce the importance of place of supply rules
  • analyze the provisions of the directives which brought changes in the VAT legislation as from 1 January 2010, 2011, 2013 and 2015
  • analyze the provisions of the implementing regulation which directly applies in all EU member states as from 1 July 2011
  • analyze the changes in the VAT rates on foodstuff and pharmaceuticals which have been adopted as from 10 January 2011 as well as the changes in the definition of the term restaurant and catering services.

Course Outline

The importance of place of supply rules

  • Purpose of the place of supply rules
  • Possible double taxation and double non taxation
  • Possible impact on the competitiveness of EU businesses vis-à-vis their non-EU competitors
  • The content of the VAT package

Changes in taxing rights for business to business (B2B) transactions

  • New main rule
  • Exemptions to the main rule

Changes which will occur as from 1 January 2013 and 1 January 2015

Changes which have occurred as from 10 January 2011 in relation to the supply of food and pharmaceutical

Changes in taxing rights for business to consumer (B2C) transactions

  • New main rule
  • New exemptions to the main rule
  • New scheme for telecommunication, broadcasting, radio and electronically supplied services
  • Option for extended ‘effective use and enjoyment’ and how it affects your business

New reporting obligations (VIES return for services)

Your next steps

Analysis of what your company must do in order to:

  • Ensure compliance with the VAT legislation
  • Avoid potential risks associated with the new rules
  • Seize opportunities for VAT savings

Who should attend the course

Persons responsible for the VAT compliance of their business enterprises.

Language: English

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