Fifteen years ago, in the heyday of the e-business boom, internet promised to change industries and business models very quickly, first of all in retail trade. When these promised changes did not realise very quickly, this resulted in the bursting of the dot-com bubble.Read More »
Author: Michaela Merz
Korea: Zero-rated VAT for Clinical Trial Services
A new rule, likely to come into force in February 2015, will benefit Korean companies providing clinical trial services.
This rule will allow Korean hospitals and medical institutions, which provide clinical trial services to foreign pharmaceutical companies located outside of Korea and receive consideration in foreign currencies, to apply zero-rated VAT on these services.Read More »
Luxembourg: New VAT Refund Procedure
The budget Law (Bill n°6720) introduced a new procedure, effective as from 1 January 2015, for VAT-registered businesses which claim periodic VAT refunds.Read More »
Detroit – the US‘ most dangerous city
I have never been to Detroit before but I have read quite a bit about its glorious past and the haunting present. And the city surprised me very much. What is visible especially at the airport is the fact that there are no taxis in this city but at the same time no public transport neither. Of course, in this automotive city almost everyone has a car. Read More »
Detroit – die gefährlichste Stadt der USA
Ich war noch nie im Detroit, aber ich habe einiges über seine ruhmreiche Vergangenheit und gespenstische Gegenwart gelesen. Und die Stadt hat mich sehr überrascht. Was grad am Flughafen auffällt, ist die Tatsache, dass es in dieser Stadt keine Taxis gibt, aber gleichzeitig auch keinen öffentlichen Verkehr. Read More »
Iceland – increase of reduced VAT rate applicable to e-books from 7% to 11%
In Iceland the reduced VAT rate applicable to e-books and electronically published music increased from 7% to 11% as of 1 January 2015. Therefore, it must be ensured that you account for VAT on such sales at the appropriate rates. You can access further information of the overall Icelandic tax rules in 2015 here. Read More »
The Swiss VAT
In the spirit of our 20th anniversary of Swiss VAT I am pleased to share with you a new version of the Swiss VAT brochure which is currently available in German.
Switzerland – No more work permit quotas available for assignees from EU/EFTA member states
The discussion about immigration in Switzerland shows its first effects. Until 1 April 2015 no more working permit quotas are available for assignees from EU/EFTA countries for the first quarter 2015. As a consequence it will not be possible to obtain new work permits until 1 April 2015 for periods of more than four months/120 days for any EU nationals assigned to Switzerland as part of an Read More »
PwC webcast – BEPS unilateral measures
I recommend our next webcast focusing on BEPS unilateral measures.
Join our specialists from PwC’s International Tax Desks to learn about unilateral measures that were implemented in 2014 or are proposed for 2015, and how they might affect US MNCs. Our panel will cover important changes in proposed and enacted rules in various jurisdictions, including: Read More »
PwC – Indirect Tax Forum – 17 March 2015
I would like to draw your attention to our next Indirect Tax (ITX) Forum which will take place on 17 March 2015 in London.
We will update you on recent ITX cases as well as developments from HMRC. Further we will also run specific workshops on the following topics:Read More »
Michaela Merz 