The Puerto Rico Treasury Department (PRTD) is preparing to transition to a Value Added Tax (VAT) System whose effective date has been postponed until June 1, 2016. Notwithstanding the above, the Puerto Rico House of Representatives (the House) recently proposed several bills, specifically HB 2032, HB 2838, HB 2839, and HB 2840, to eliminate the VAT System from the Puerto Rico Internal Revenue Code of 2011 (the Code), among other items. Read More »
Author: Michaela Merz
New Zealand – GST on electronis services as from 1 of October 2016
The Taxation (Residential Land Withholding Tax, GST on Online Services, and Student Loans) Bill imposing GST on digital products and other remote services sold online by offshore sellers to New Zealand consumers has passed its final reading in Parliament, and is expected to receive Royal Assent shortly. The new law will require offshore sellers of remote services to New Zealand customers to register and pay GST from 1 October 2016.
With less than five months before the new rules start, businesses should already have undertaken an assessment to determine whether they will need to comply with the new rules and register. Separate Special Report is expected to be released by Inland Revenue later this month. This report will outline how Inland Revenue expect the new rules to operate in practice.Read More »
Wenn der Job keinen Spass mehr macht
Bei mir ist Edgar und er macht einen sehr zerknitterten Eindruck. Seit sechs Monaten hat er einen zwölf Jahre jüngeren Chef. Seit diesem Zeitpunkt macht ihm sein Job keinen Spass mehr. Am Anfang hat er sich über den neuen Chef und seine vielen Ideen gefreut. Ganz nach dem Motto “toll, ein neuer Wind”. Schnell hat sich aber gezeigt, dass der neue Chef viele Ideen hat, seine Führungsqualitäten aber sehr zu wünschen übrig lassen.Read More »
When the job is no longer enjoyable
Edgar is in my office and he makes a very down-trodden impression. For six months he has had a 12 years younger boss. Since then his job has no longer been enjoyable. In the beginning he enjoyed his new boss and his many ideas. Just like the saying “a breath of fresh air”. But it quickly became apparent that the new boss had many ideas, but his leadership qualities leave a lot to be desired.Read More »
B2V Reform (I) China – Opportunities and Challenges to the Real Estate and Construction Sectors
Opportunities and Challenges to the Real Estate and Construction Sectors
In brief
On 24 March 2016, the Ministry of Finance (MoF) and the State Administration of Taxation (SAT) jointly released Caishui [2016] No. 36 on the Comprehensive Roll-out of the B2V Transformation Pilot Program (“Circular 36”), under which the real estate and the construction industry will be transformed from business tax (BT) to value-added tax (VAT) (“B2V Reform”) starting on May 1st 2016 (“expansion date”).Read More »
Alternative ways of receiving Italian VAT refunds
Italian VAT law provides for a number of simplifications, which might be used in order to avoid being charged with VAT or recover the input VAT incurred in a faster way compared to the refund, in particular:
Indirect Tax Newsletter & Customs, FTP, WTO Newsletter – INDIA – April 2016
The newsletters cover and explain important judicial and legislative developments under the Service Tax, Central Excise, VAT/ CST and Customs Acts, Foreign Trade Policy & WTO provisions.
Please click here to read the full “Indirect Tax Newsletter”.
PwC Indirect Tax Newsletter – April 2016
Please click here to read the full “Customs, FTP & WTO Newsletter”.
Webcast “Swiss-specific topics of the Union Customs Code” on May 10th
We are pleased to invite you to our Webcast on “Swiss-specific topics of the Union Customs Code”
which will be held on 10 May 2016. Read More »
Helsinki mit dem Trottinette
Helsinki als Stadt ist grosszügig gebaut mit breiten Strassen und Fussgängerwegen. Um was man Helsinki wirklich beneiden kann, sind die Velowege. Wo ein Fussweg ist, ist auch ein Veloweg. Und wie erkundet man eine Stadt, die man nicht kennt? Am besten zu Fuss. Darum habe ich zu meinem Reisegepäck ein zusammenklappbares Trottinette (aka Tretroller) eingepackt. Und ehrlich, dies war genau die richtige Art und Weise sich in dieser Stadt zu bewegen. Read More »
Helsinki by scooter
As a city Helsinki is spacious with wide streets and pedestrian paths. But what one can really envy about Helsinki are the cycling paths. Where there is path for pedestrians, there is also a path for cyclists. And the best way to explore a city one doesn’t know? By foot. Therefore I included in my luggage a collapsible pedal scooter. And honestly, that was exactly the right way to get around in this city. Read More »
Michaela Merz 