With the continuing uncertainty over the possibility of an extension to the Brexit transition period beyond 31 December 2020, PwC UK is hosting a global webcast on Thursday 9 July 2020 at 3pm-4pm CET.
I’m driving home. It’s Friday afternoon and there’s a lot of traffic on the streets. The time of Corona where the streets were completely empty are finally a thing of the past. That’s a good thing. I feel like now more people moved from using public transport to driving their own cars. I’m one of them.
Ich fahre nach Hause. Es ist Freitagnachmittag und auf der Strasse hat es viel Verkehr. Die Corona Zeiten, wo die Strassen noch leergefegt waren, gehören endgültig der Vergangenheit an. Das ist gut so. Ich habe eher das Gefühl, dass es mehr Leute gibt, die nun vom öffentlichen Verkehr in ihre Fahrzeuge umgestiegen sind.
The Ministry of Law and Justice issued the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (Ordinance) to introduce relief measures like extension of time limit for filing appeals, passing of order, issuance of notice etc considering the COVID-19 pandemic.
This Indirect Tax Guidance of 21 Countries in the Americas shows the new updates and reforms from the following countries:
The Swiss VAT Authority has amended the VAT brochure number 13 on electronic supplies of service and telecommunications.
“FACHFragen”, der neue Podcast des Handelsblatts Fachmedien, geht in die dritte Runde. Und aus aktuellem Anlass widmet sich die dritte Folge dem zweiten Corona-Steuerhilfegesetz. Dieses kommt inklusive Senkung der Umsatzsteuersätze in ganz großen Schritten. Die Debatte zu dieser Maßnahme wird emotional geführt und lässt neben großem Bürokratiemehraufwand Zweifel an der Konsumwirksamkeit aufkommen. Doch neben dieser Diskussion stellen sich auch ganz konkrete und praktische Fragen.Read More »
Overview
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New regulations
Introduction of a
new tax on selected food products (“Sugar Tax”) was forseen to come into force as of 1st of July 2020. Due to a political decision the introduction was postpone. Ne date is not known yet.
The tax will apply to entities introducing beverages with the addition of sweeteners, caffeine or taurine to the domestic market – with some exceptions. This regulations may affect producers, distributors and retailers.
The German legislator has recently published a draft law reducing the German VAT rates for the second half of 2020 in order to cope with the consequences of the Covid-19 pandemic. According to the draft law, the standard VAT rate will be reduced from 19% to 16% and the reduced VAT rate from 7% to 5% in the period 1 July to 31 December 2020.
The Federal Ministry of Finance (BMF) has already published a draft decree dated 11 June 2020 on the temporary reduction and (re)increase of VAT rates. To date, it is not yet fully clear when a final version of the decree will be published. In many cases, the draft of the decree resembles in detail the BMF decree of 11 August 2006, which was issued at the time of the last standard VAT rate increase (on 1 January 2007) from 16% to 19%.
Read More »PwC Switzerland VAT
