7 December 2018
From 1 January 2019, the German Ministry of Finance will allow foreign companies holding call-off stock in Germany to avoid VAT registering in the country.
Call-off stocks are goods held in a country by a non-resident seller that are under the full control of one of their customers. These goods can then only be used by that customer and cannot be accessed or sold to any other businesses.
Currently, non-resident companies who sell goods in this way have to VAT register in Germany and charge VAT to their customer.
The new call-off stock decree will allow them to avoid a VAT registration in Germany and instead of charging VAT, they will be able to report a zero-rated intra-community sale (EC sale) to their German customer's VAT number when the goods are delivered.
LATEST NEWS
Several member states are proposing the introduction...
Several EU countries, including Belgium, France, the Netherlands, and Romania, are proposing the introduction of a national handling fee on low‑value...
SEE MORE
LATEST NEWS
Reminder: Bulgaria joined the Eurozone on 1 January...
From 1 January 2026, Bulgaria has adopted the euro as its official currency. The country has been preparing for this transition since joining the European...
SEE MORE
LATEST NEWS
EU to remove the customs duty exemption for “low...
Currently, imports valued at €150 or below can be imported duty free into the EU. However, the European Union has reached an agreement to abolish this...
SEE MORE