Italy is to offer a voluntary e-invoice/e-reporting regime to tax payers from 1 January 2017 also for B2B and B2C transactions (indeed, a similar system is already in place for B2G transaction). The measure is designed to reduce VAT fraud and simplify reporting. According to the Legislative Decree no. 127/2015, new rules related to business-to-business e-invoicing and e-Submission will apply. Read More »
Author: Michaela Merz
Liechtensteinischen Steuerkonferenz 2016 (Vaduz und Zürich)
Am 29. November findet in Vaduz (ganztags) und am 30. November in Zürich die Liechtensteinische Steuerkonferenz 2016 statt.
An der diesjährigen Liechtensteinischen Steuerkonferenz werden Neuigkeiten und aktuelle Entwicklungen im liechtensteinischen Steuerrecht analysiert und diskutiert. Read More »
Digitalization of the Tax Environment
It is not a surprise that the whole world is getting more and more digital, but it is important to acknowledge that so are also the tax authorities in requirements they now set forth towards taxpayers.Read More »
Beyond Excel – Why Risk Spreadsheets in a World of Integrated Tax Technology?
PwC Switzerland – Your single point of contact for tax technology
Going digital?
Today’s tax environment is often strangely disconnected: On the one hand, tax specialists use smart phones, social media and ERP systems both privately and professionally. On the other hand, most tax functions still rely heavily on Excel spreadsheets. Read More »
UBS/PwC new report: Billionaires Insights: Are billionaires feeling the pressure?
– Total billionaire wealth declined by USD 300 billion to USD 5.1 trillion while average billionaire wealth fell from USD 4.0 billion to USD 3.7 billion due to headwinds such as the transfer of assets within families, commodity price deflation and an appreciating US dollar
- – Europe has the greatest number of multi generational billionaires at 182 (54%), and they have proven to be the most resilient at preserving their fortunes. The US has 175 (33%) multi-generational billionaires and APAC has 76 (15%)
- – For the first time in 10 years, the average wealth of self-made US billionaires surpassing the average wealth of US billionaires with inherited fortunes (USD 4.5 billion vs USD 4.3 billion).
– Led by China, Asia created one billionaire nearly every three days accounting for over half of new billionaires in 2015
Do you want to know more. Please read for further details HERE.
Mein Kleinster wurde 10
Mein Kleinster wurde 10 Jahre alt. Da merkt man, wie schnell die Zeit vergeht. Mir kommt es vor, als wäre es gestern gewesen, dass ich ihn das erste Mal mit nach Hause gebracht habe.
Jetzt hat er sich eine grosser Kindergeburtstags-Party gewünscht. Die Liste der Kinder, die er einladen wollte, wurde immer länger und endete bei 25. Trotz der Hilfe, die ich mir holen konnte, schien mir eine Gruppe von 25 unter 10jährigen doch eine ziemlich grosse Verantwortung und ich handelte ihn auf 10 Kinder runter.Read More »
My youngest was 10 years old
My youngest was 10 years old. Then one notices how fast time passes. I feel as if it was only yesterday when I brought him home the first time.
Now he has wished for a larger children’s birthday party. The list of the children he wanted to invite grew longer and longer and finished up with 25. Despite the help I knew I could call on, a group of 25 under-10s seemed to be a heavy responsibility and I negotiated him down to 10 children.Read More »
UK – HMRC to introduce new penalties for even unknown involvement in VAT fraud
28 of September HM revenue and Customs (HMRC) published consultation about new penalties regime for participation in VAT fraud. If the government decides to proceed it will be included in Finance Bill 2017. Based on HMRCHMR experience the vast majority of customers meet their obligations. Penalties are only applied to a small minority of taxpayers. The penalty regime has to encourage compliance and prevent non-compliance. There is no objective to raise revenue with penalties. Penalties should be proportionate to the offence and may take into account past behaviour however consistent and standardised approach has to be applied. Penalties are designed in the way that compliant customers are in a better position than the non-compliant customers therefore penalties have to be a real threat.Read More »
Switzerland – E-Invoicing: requirement for advanced electronic signatures abolished
In order to claim the input VAT deduction on purchases, a tax payer has to prove authenticity and integrity of the document in question, irrespective of whether it was received on paper or electronically. In the past, for electronic invoices, this required the use of an advanced electronic signature. This applied despite the free consideration of evidence, which was introduced into the VAT legislation in 2010 and states that input VAT can be deducted if the taxable person can prove that he paid the VAT. Read More »
Der letzte Abendmahl von Leonardo da Vinci
Vor 20 Jahren war ich das erste Mal in Mailand und wollte das berühmte Bild von Leonardo da Vinci „Das letzte Abendmahl“ sehen. Ich bin nämlich eine grosse Bewunderin von Leonardo. Es war damals und in den folgenden Jahren nicht möglich das Bild zu sehen, weil es nicht in einem guten Zustand war und die Feuchtigkeit drohte ihm weitere Schaden zuzufügen. Ich musste mich mit Reproduktionen begnügen aber der Wunsch, das Original zu sehen, ist mir geblieben.
Michaela Merz 