Ich bin nach Hause gekommen und es sah aus, als hätte jemand eingebrochen. Der Boden war voll von meinen Kleidern. Viele meiner besten Stücke lagen am Boden, dazwischen meine Schuhe, insbesondere die mit Absätzen. Ich war nicht erschrocken. Ich erwartete eine harmlose Erklärung. Und da stand schon mein Jüngster vor mir mit süssem, aber auch schuldbewusstem Gesichtsausdruck und fragte mich wie mein Tag war.Read More »
Author: Michaela Merz
Czech Republic – expansion of local reverse charge mechanism as from 1 January 2015
Amendment of the Czech VAT Act should be valid as from 1 January 2015. The draft of the amendment is currently discussed in the second reading in The Chamber of Deputies. The list of the commodities that should be subject to local reverse charge will be governed by the governmental decree and is also currently under discussion.
Czech Republic – Successful Fight Against VAT Fraud in 2014
A specialised team, the “Tax Cobra” was officially established in June 2014 under the joint effort of the Czech General Tax Directorate, General Customs Directorate and the Police Unit for Detection of Fraud and Financial Criminality to fight against VAT fraud in the Czech Republic.Read More »
The story of Robert
Robert was an old school entrepreneur. Traditions were kept up, he looked after his people because loyalty was his first priority. Nevertheless or because of it Robert was very successful and his trading company with focus on Eastern Europe was prospering. Robert was present everywhere, interfered and wanted to know about everything. His working day was hardly ever shorter than 12 hours and working on weekends was no exception. His company was his dedication, his life and his hobby. He had hardly time for his twin boys. He almost never went on holidays with them.Read More »
Die Geschichte von Robert
Robert war der Eigentümer der alten Schule. Die Traditionen wurden hoch gehalten, für die eigenen Leute hat man immer geschaut, weil Loyalität das oberste Gebot war. Trotzdem oder deswegen war Robert sehr erfolgreich und sein Handelsunternehmen mit Orientierung nach Osteuropa florierte. Robert war überall dabei, mischte sich ein und wollte immer Bescheid wissen. Sein Arbeitstag war selten kürzer als 12 Stunden und Arbeit am Wochenende war keine Ausnahme. Seine Firma war seine Berufung, sein Leben und sein Hobby. Für seine Zwillings Jungs blieb ihm wenig Zeit. In den Ferien war er so gut wie nie mit ihnen.Read More »
Luxembourg – increase of the VAT rates from 1 January 2015
On 15 September 2015, the Luxembourg Minister of Finance delivered his budget speech in which he announced that the Luxembourg VAT rates will be increased as follows:
- the standard rate from 15% to 17%;
- the intermediary rate from 12% to 14%; and
- the reduced rate from 6% to 8%
For further information please click here or contact our VAT expert in Luxembourg:
Laurent Grençon, Partner
Phone +352 49 4848 2060
Email: laurent.grencon@lu.pwc.com
Czech Virtual Currency – Another Distribution step
The Czech virtual currency, Czech Crown Coin (officially named by the authors “CZC”) which started the distribution of the pre-mined CZC in August 2014, is distributing a next set of 100.000 CZC to the first 1.000 EU based individuals who have registered and obtained the so called “myID” via the official website of CZC. This should increase the amount of CZC in the circulation as well as to support its usage and importance on the global level. Read More »
Hungary – Creative taxation: Internet Tax proposed
Earlier this week the Hungarian government submitted its proposed tax bill for 2015. One of the most interesting changes is the proposed introduction of the “Internet tax” that will be imposed on Internet service providers at a rate of HUF 150 (approx. USD 0.60) for every gigabyte of data or part thereof. By way of example, downloading a movie in HD quality (8.5 GB) would attract a tax charge of approx. USD 5 or the download of a 6GB game would have an additional cost of approx. USD 4 according to the original version of the proposal. You may expect that providers will try to recharge this cost to their customers, which makes surfing even more expensive.Read More »
Czech Republic – Third VAT Rate as of January 2015
As of January 2015, the Czech Republic plans to introduce a third VAT rate of 10% in addition to the existing standard VAT rate of 21% and the reduced rate of 15%. The new VAT rate will apply to drugs, books and baby food.
For further details please click here
The story of Leon (Lev) Roznanski
His parents were from Russia. Leon was born in Romania and as they were a very wealthy family, Leon learnt German from his German speaking nanny. During the Second World War the family had to flee to England and on top of his three languages Leon also learnt English.Read More »
Michaela Merz 