Michaela Merz

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Canada – Quebec – Tax obligation of 9,975% for non-resident providers of digital services as of 1st of September 2019

Effective September 1, 2019, certain suppliers that reside outside Quebec and non-residents of Canada that are registered for Goods and Services Tax/Harmonized Sales Tax (GST/HST) who make supplies of corporeal moveable property, intangible personal property (IPP) and/or services to individual consumers in Quebec and certain operators of digital platforms may be required to be Quebec Sales Tax (QST) registrants. Continue reading

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Nigeria – 7.5% value added tax (“VAT”) rate proposed from 1st of January 2020 with new VAT obligations for delivery of e-commerce goods and services transactions

From 1 January 2020, there is a proposal to increase the VAT rate from 5% to 7.5%. The change in the VAT rate would coincide with an imposition of registration and filing obligations for foreign services providers, including technology services providers. Continue reading


Norway – Registration obligation for non-resident companies as of 1st of April 2020 for delivery of more than USD 5,500 in B to C sales

From 1 April 2020, the Norwegian government is proposing to make changes to the Value Added Tax (VAT) rules that apply to non-resident businesses selling and shipping directly to consumers in the country. Continue reading

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Mexico – 30 June 2020 VAT registration required for non resident companies providing digital services

Rendering of Digital Services– June 2020
The digital services provided to recipients located in the national territory will be subject to VAT. Continue reading

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Poland – Introduction of the White List of VAT Taxpayers as from 1 of January 2020 (Biala Lista Podatnikow)

It seems that not all taxpayers may be aware of possible consequences in connection with recent legislative changes in Poland. Please find below high level summary and consequences that the White List of Taxpayers brings as from 1 January 2020. Continue reading

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China – changes in VAT legislation expected shortly

A draft of the first VAT law in China’s history has been released by the Ministry of Finance and the State Taxation Administration on 27 November for public comments.  Although VAT was implemented in 1994, currently it is still governed under the Provisional Regulations. Continue reading

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New Billionaires Insights 2019

Long-term vision, smart risk taking, business focus and determination have resulted in businesses that have tended to outperform others financially. There was a dip in wealth in 2018. Billionaire wealth dropped 4.3% globally, after five years when it grew by 34.5%.* As the center of economic activity shifts towards Asia, the region’s entrepreneurs are playing a strong role. There will be many more winners and losers in the years to come.

It is difficult to predict the future but leading entrepreneurs are primed for a more difficult environment. But what will remain constant is the billionaire effect – the ability to transform entire industries, to create large numbers of well-paid jobs, and to rally the world to find cures for diseases such as malaria.

For details please read below. It’s really quite an interesting reading. Continue reading