Official Exchange rates for August 2019

Official Exchange rates for August 2019

The official exchange rates for August 2019 had been published in the Journal Officiel de la République Française. Those rates must be used in particular to fill in tax declarations (VAT returns, Intrastat, etc.). Previous exchange rates, applicable since January 1st 2017, are available in our page “Useful links” . Extract of the indicative currency rates for August 2019: 1 euro ….. 1,114 USD 1 euro ….. 0,891 43 GBP 1 euro ….. 1,098 2 CHF 1 euro ….. 120,41 JPY 1 euro ….. 25,542 CZK 1 euro ….. 1,462

Successive deliveries with only one intra-EU transport

Successive deliveries with only one intra-EU transport

The Court of Justice of the European Union confirmed the principle stating that when two successive deliveries relating the same good with only one IC transport are performed, the second transport is VAT exempted, even though the first seller has been not advised of the resale to a third liable company. (see decisions C-628/16 of 21 February 2018 « Kreuzmayr GmbH », and C-386/16 dated in 2017 « Toridas UAB »). What conclusions can we draw ? It is necessary to challenge the VAT exemption for any IC deliveries performed