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EU VAT Quick Fix Directive and Regulations Published in the Official Journal — Orbitax Tax News & Alerts

On 7 December 2018, an amending directive and two amending regulations were published in the Official Journal of the EU regarding VAT quick-fixes approved earlier in the year. The quick fixes introduce adjustments to the EU's VAT rules in order to fix specific issues, including simplified and uniform treatment for call-off stock arrangements, VAT ID number requirements to benefit from a VAT exemption on intra-EU supplies, and uniform criteria for the treatment of chain transactions. The amending directive and regulations are as follows:

The Directive and Regulations apply from 1 January 2020, with EU Member States required to adopt the required laws, regulations, and administrative provisions necessary to comply with the Directive by 31 December 2019.