Italy Bankruptcy before 2021: credit notes only after the unsuccessful conclusion of the procedure 26 January 2022
India Assessee not liable to reverse CENVAT credit on amount written off as bad debts 20 January 2022
Italy Prompt recovery of VAT on outstanding receivables towards customers subject to insolvency proceedings 04 January 2022
Italy Circular about recovery of VAT on uncollected receivables in insolvency proceedings 30 December 2021
Poland Establishing a limitation period, after which the taxpayer can no longer benefit from the bad debt relief, is not contrary to EU law 17 December 2021
Czech RepublicEuropean Union ECJ C-398/20 (ELVOSPOL) – Decision – Bad debts: Condition that debt did not arise during the 6 months preceding the declaration of bankruptcy is invalid 11 November 2021
Poland Changes in the Polish VAT Act – SLIM VAT 2 – Bad debt, Triangulation, Deduction VAT on I/C Acquisitions 04 November 2021
Netherlands Additional assessment for VAT not reduced by turnover tax for bankrupt customer 22 October 2021
United States Texas: Proposed rule changes for comment define “bad debt credit” terms and reflect policy 03 October 2021
United States Texas: Proposed Rule Changes for Comment Define “Bad Debt Credit” Terms and Reflect Policy 02 October 2021
United Kingdom Interest on Bad Debt Relief claims runs from the date of the claim and not earlier 15 September 2021
European UnionSlovenia Flashback on ECJ Cases – C-396/16 (T – 2) – Bad debts, VAT deduction upon homologation preventive agreement 27 June 2021
European UnionRomania ECJ C-182/20 (Administraţia Judeţeană a Finanţelor Publice Suceava and Others) – Judgment – Input VAT deduction prior to insolvency proceedings 03 June 2021
Poland Pending legislation concerning VAT on e-commerce; withholding tax rules further delayed 31 May 2021
Italy Law Decree “Sostegni bis” – Immediate recovery of VAT on outstanding receivables from customers subject to insolvency proceedings 31 May 2021