Category: Tax Knowledge

So adressieren Sie die Risiken von COVID-19 für Ihr Unternehmen

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COVID-19 wirft Fragen auf – Sie brauchen Antworten. Jetzt unsere Checkliste herunterladen.

COVID-19 wirkt sich schon heute wesentlich auf Bevölkerung und Wirtschaft aus. Die Weltgesundheitsorganisation bescheinigt dem Coronavirus COVID-19 Pandemie-Potenzial.

Viele Fragen sind offen – Sie als Unternehmer brauchen schnell aussagekräftige Antworten. Darum arbeiten wir eng mit den Schweizer Gesundheitsbehörden, der Regierung, anderen Unternehmen, der Aufsichtsbehörde, NGOs und internationalen Organisationen zusammen, genau wie bei den Ausbrüchen von Ebola, MERS, SARS und der Vogelgrippe. Diese Erfahrungen möchten wir gerne mit Ihnen teilen und Sie bei der Planung und Umsetzung wirksamer Massnahmen unterstützen.

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Coronavirus events cancellations…did you consider VAT?

Michaela MerzLeave a comment

The outbreak of the Coronavirus has already led to the cancellation of many events (e.g. sports events, product shows, concerts, B2B events and conferences) and is likely to result in the cancellation of many more events. In addition, due to travel bans, many participants will be unable to attend the events that are still taking place.

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Denmark: Reaction to current situation – deadline postponed for submission and payment

Michaela Merz2 Comments

In Denmark it has been proposed to extend the deadline for reporting and paying VAT and employee taxes with 3 months.

It is supposed to have effect immediately and the first deadline that will be affected is the monthly VAT reporting for February 2020 which is due on the 25th. of March.

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India: Customs bonded warehouse: Time to shift?

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As part of the Government of India’s (GoI) efforts to promote manufacturing and other operations in India, the Central Board of Indirect Taxes and Customs (CBIC) has revamped the scheme for manufacturing and processing in a bonded facility. The revised initiative underscores the GoI’s ongoing commitment to improve India’s ranking on the Ease of Doing Business index.

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Netherlands – Change in the Implementation in the Dutch Customs concerning definition of “Exporter” as per April 1, 2020

Michaela Merz1 Comment

With the introduction of the Union Customs Code in 2016, a new definition of ‘exporter’ was introduced. Based on this definition, non-EU resident entities no longer qualify as ‘exporter’.Read More »

EU: Details about e-commerce VAT package as from 1 of January 2021

Michaela Merz2 Comments

The content of the VAT returns for suppliers or intermediaries subject to the new 2021 EU e-commerce rules was published together with instructions for the EU Member States

On 1 January 2021 the new EU e-commerce VAT package will come in force with the aim to ensure complete and correct taxation in the destination state.

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Paraguay: New taxes on digital imports as from 1 of January 2020

Michaela Merz1 Comment

Under a tax reform that took effect from 1 January 2020, digital services supplied by non-residents to local consumers became liable to 10% VAT and 4.5% Income Tax for Non-Residents (INR). Under the new rules, banks, financial institutions, exchange houses, cooperatives, payment processors or similar entities, and telephone companies or other entities that mediate for the provision of digital services, must act as a withholding agent in respect of collecting the tax due. However, Regulatory Decree No. 3181 establishes a transitional provision under which mandatory withholding for digital services will become effective as of 1 July 2020.

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TP – The OECD released a final paper on Financial Transactions Transfer Pricing

Michaela MerzLeave a comment

The OECD published a new chapter of the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Authorities (“the OECD Guidelines”). The new chapter provides guidance on the transfer pricing for loans, guarantees, cash pools, hedging and captive insurance transactions.

The new chapter is the first OECD guidance on transfer pricing for financial transactions issued in final form and will be the main reference point for pricing and auditing related party financial transactions in most countries going forwards.

Loan, guarantee and cash pool policies that Swiss groups apply across their international operations should be reviewed and updated to ensure compliance with the new guidance.

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UK/Switzerland – BREXIT update

Michaela Merz1 Comment

The UK’s departure from the EU – BREXIT – took effect on 31 January 2020 under the terms of the Withdrawal Agreement agreed with the EU in October 2019. As a consequence, the UK has left the political institutions of the EU and entered a transition period. During this transition period (until 31 December 2020), EU regulations will in principle continue to apply in the UK. In the course of the next months the UK government and the EU will negotiate a comprehensive trade deal.

The BREXIT may have an impact on the treaty clearance for payments between Switzerland and the UK and puts treaty claims at risk based on the Swiss-US DTT:

Payments from the UK to Switzerland / from Switzerland to UK: replace 823C with 823B

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Switzerland: VAT return digitalization

Michaela Merz1 Comment

Swiss VAT – “MWST-Abrechnung easy”

Today, the FTA reached another milestone in its digitization strategy: More than half of the taxable persons settle VAT online.

Within the last year, the proportion of persons settling online has risen from 36% to over 50%. This means that currently more than 194,000 companies are settling VAT electronically, and the trend is rising.

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