21 February 2022 - Cultural institutions that organise productions receive a fee (including VAT) on the sale of each ticket. Often tickets are sold far in advance, whether or not in subscription or package form, or vouchers are sold that can be exchanged for an admission ticket at a later date. All of these are subject to the reduced VAT rate (currently 9%). The question is, however, when does the VAT on all these forms of turnover have to be paid to the tax authorities?
The developments surrounding US import tariffs are currently changing almost daily. The recent increases in tariffs on goods with Chinese origin and suspension of other country specific tariffs by the US and the temporary suspension of countermeasures by the EU show that international trade has entered a period of high uncertainty.
On April 1, 2025, the bill for the transparency and counteracting undermining by social organizations act was (finally) passed by the House of Representatives after years of discussions. This bill is expected to bring obligations for social organizations starting January 1, 2026, which may lead to additional administrative requirements.
Yesterday, 2 April 2025, new import tariffs were announced, both general and for specific products imported into the USA. A general tariff of 10% on imports from all countries has been imposed and will enter into effect on 5 April 2025.
Do you want to ensure that you make optimum use of VAT and customs legislation, while not running any unnecessary risks? The specialists of the Forvis Mazars VAT and Customs Group will be happy to help.