Author: Michaela Merz

EU – Strategy for the Digital Single Market

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On 6 May the EU Commission announced its strategy for Digital Single Market. The aim is to further simplify and harmonize the applicable VAT and legislative rules to e-biz and e-commerce (in particular re telecommunication and copyrights) as well as to reduce the administrative burden companies are facing in this field.

The ultimate goal is to remove the barriers which currently hinder EU based companies to grow and to be (more) competitive with the world’s Internet giants. The strategy also wants to help European customers to shop on-line form other EU countries as easy and simple as it their home countries. The VAT related initiatives of the strategy focuses on:Read More »

India – Implementation of GST by 1 of April 2016 is getting closer

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The GST Constitutional Amendment Bill has been passed through clause by clause voting with the required 2/3rd majority in the Lok Sabha ( Lower House of Parliament) which in principle gives good perspective for the Upper House voting.The Finance Minister confirmed that the 1% additional tax on inter-state supplies will have no cascading effect. The Finance Minister highlighted that the GST would increase the revenue of the States and reiterated his promise that the Central Government would support the States in case of any revenue loss.Read More »

South Korea – VAT on electronic service provided by foreign service providers – changes as of 1 July 2015

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234936_web_R_K_by_Jasper J. Carton_pixelio.deKorea joins the group of countries which require non-established companies to register and account for on their B2C sales of electronic service into South Korea. The VAT law has recently been amended to apply VAT to the supplies of electronic services (e.g. applications, games, music, films, electronic documents, software, etc.) purchased from non-resident service providers (i.e. offshore app developers or through offshore open markets app stores).Read More »

Grotto da Peo

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DSCI0111I like being in Ticino. On the way by bike, paddling on the lake, hiking in the mountains, swimming, sailing. There is everything. Wilderness and silence, adventure, art, modernity and past, exciting architecture, smuggling, history, politics, wealth and scarce budgets. Holidays in Ascona are exciting and relaxing at the same time, independent from the weather and in what direction one is heading.Read More »

Grotto da Peo

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DSCI0111Ich bin gerne im Tessin! Unterwegs mit dem Velo, paddeln auf dem See, wandern in den Bergen, schwimmen, segeln. Es gibt alles!

Wildnis und Ruhe, Abenteuer, Kunst, Moderne und Historische, spannende Architektur‎, Schmuggelei, Geschichte, Politik, Reichtum und knappe Budgets. Ferien in Ascona sind spannend und erholsam zugleich, unabhängig vom Wetter und in welche Richtung man geht.Read More »

EU – working paper on the scope of the notion of electronically supplied services

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711122_web_R_by_FotoHiero_pixelio.de (2)The Belgian tax authorities submitted questions to the VAT Committee regarding the notion of electronically supplied services as referred to in the EU VAT Directive and the Implementing Regulation, the possible interaction of this type of services with other services and the issue of VAT exemption of such services.Read More »

France – reverse charge VAT on imports introduced (PDU – Procédure simplifée de dédouanement avec domiciliation unique)

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flag-71112_1280New rules introduced in France now allow European-Union based operators to reverse charge VAT on imports once they have obtained an agreement to use the Single Window Customs Clearance Procedure (PDU – Procédure simplifée de dédouanement avec domiciliation unique). Read More »

PwC Webcast: Important Australian GST developments – cross-border intangibles – 14 May 2015

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PwC_Swiz_Zurich_R_MB_36.jpgI recommend our next webcast focusing on Important Australian GST developments – cross-border intangibles.Read More »

PwC Webcast: Indirect Tax Policy in a Global Economy – 18 May 2015

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PwC_PC_France_Paris_MB_081.jpgI recommend our next webcast focusing on Indirect Tax Policy in a Global Economy.Read More »

Japan – foreign providers of electronic services are required to register for consumption tax as of 1 October 2015

Michaela Merz1 Comment

87319_web_R_by_Fabian Voswinkel_pixelio.deThe Japanese Diet which requires non-resident electronic service providers to register for Japanese consumption tax (JCT) as of 1 October 2015 passed the legislation.Read More »