New guidance published on VAT treatment of supplies via consignment stock
Global Tax Update:April 2016/Germany
The Regional Tax Administration Authority (OFD) of Frankfurt updated its guidance on the VAT treatment of supplies via consignment stock on December 15, 2015 to take into account several decisions of the lower tax courts (FG Niedersachsen, dated June 18, 2015; FG Hessen, dated August 25, 2015, as well as FG Duesseldorf dated November 6, 2015). (Global Tax Update:April 2016/Germany)
This newsletter explains the following topics;
(1) OFD Frankfurt updates guidance following tax court decisions
(2) Deloitte’s comments
Deloitte Tohmatsu Tax Co. provides Japanese companies are considering developing business overseas with one-stop international tax services in relation to foreign investment to support their globally appropriate, optimal tax risk/cost management that is aligned with their business operations through Deloitte’s global network.