Overview
Every day, employees working in Takeda’s Global Manufacturing and Supply Chain, and Global Quality business unit are shaping the future of healthcare. They are breaking down barriers and ensuring our life-changing medicines are available, accessible, and affordable to patients. Life-changing for you. Life-changing for patients.
New regulations
Introduction of a
new tax on selected food products (“Sugar Tax”) was forseen to come into force as of 1st of July 2020. Due to a political decision the introduction was postpone. Ne date is not known yet.
The tax will apply to entities introducing beverages with the addition of sweeteners, caffeine or taurine to the domestic market – with some exceptions. This regulations may affect producers, distributors and retailers.
The German legislator has recently published a draft law reducing the German VAT rates for the second half of 2020 in order to cope with the consequences of the Covid-19 pandemic. According to the draft law, the standard VAT rate will be reduced from 19% to 16% and the reduced VAT rate from 7% to 5% in the period 1 July to 31 December 2020.
The Federal Ministry of Finance (BMF) has already published a draft decree dated 11 June 2020 on the temporary reduction and (re)increase of VAT rates. To date, it is not yet fully clear when a final version of the decree will be published. In many cases, the draft of the decree resembles in detail the BMF decree of 11 August 2006, which was issued at the time of the last standard VAT rate increase (on 1 January 2007) from 16% to 19%.
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On 17 of June the EU Parliament voted – the last procedural hurdle for formal adoption by the ECOFIN Council in the next few days – regarding an option for E.U. Member States (including UK for these purposes) to defer the reporting deadlines for DAC6 by up to six months. The relevant details are as follows:
Bern, 19.06.2020 – Der Bundesrat hat an seiner Sitzung vom 19. Juni 2020 die Vernehmlassung zur Teilrevision des Mehrwertsteuergesetzes eröffnet. Er schlägt unter anderem vor, Versandhandelsplattformen umfassend zu besteuern und Abrechnungen für KMU zu vereinfachen. Der Vorschlag setzt zudem weitere parlamentarische Vorstösse um.
Finance Minister Blümel: reduced VAT rate introduced to support the gastronomy, culture and publishing sectors.
Finanzminister Blümel: ermäßigter Steuersatz von 5% wird zur Unterstützung der Gastronomie, der Kulturbranche sowie des publizierenden Bereichs eingeführt.
Bristol-Myers Squibb is a global Biopharma company committed to a single mission: to discover, develop, and deliver innovative medicines focused on helping millions of patients around the world in disease areas such as oncology, cardiovascular, immunoscience and fibrosis.Read More »
Kevin and Darren were nearly the same age. The distance between their Birthdays was only one week. They celebrated one weekend at one place and the other weekend at the other one’s place. Especially Kevin’s 8th birthday party that his mom had very smartly organised in the forest went really well.
Who can really be bothered to have a mob of 10 kids for several hours in their own flat?! The damage repair would then take even longer than the preparation itself.
Read More »Kevin und Darren waren fast gleich alt. Der Abstand zwischen ihren Geburtstagen betrug nur eine Woche. Sie feierten ein Wochenende bei dem einen und das andere Wochenende bei dem anderen. Insbesondere die 8. Geburtstagparty bei Kevin, die seine Mutter sehr klug im Wald organisiert hatte, war wirklich gelungen.
Wer hat schon Lust eine Horde von 10 Kindern für mehrere Stunden in der eigenen Wohnung zu haben!? Die Schadenbehebung kann dann länger dauern als die Vorbereitung selber.
Read More »PwC Switzerland VAT
