More than 150 representatives of entities participated on Friday, January 10 in the Association Support conference on the adaptation of associations and foundations to the SEPA (Standard Euro Payment Area) and the tax innovations for 2014.
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More than 150 representatives of entities participated on Friday, January 10 in the Association Support conference on the adaptation of associations and foundations to the SEPA (Standard Euro Payment Area) and the tax innovations for 2014.
SEPA is a new way of doing business. The new law will come into force on February 1 and will affect the management of many social entities. This new system will facilitate, among other things, that payments in euros between any account located in the area of application (European Union, Iceland, , Liechtenstein, Norway, Switzerland and Monaco) can be made as easily as it is currently done for domestic transactions in each of the countries. Apart from this, the implementation of this new system will have other particularities that you can learn about in this link.
Tax news 2014
On the other hand, the event also included a part dedicated to the main novelties that will affect not-for-profit entities, among which the application of exemptions by not-for-profit entities, the option/waiver of the special VAT pro-rata or the modifications to those obliged to file Form 34 were highlighted.
Once the general framework of all these issues had been explained, the representatives of the participating entities were able to clarify some specific doubts about the management of these new developments.