The easy availability of vast amounts of transactional data that follow rules makes indirect tax a great candidate for machine learning. We show you how to use artificial intelligence to improve quality and validate your VAT data – and someday maybe even take care of tax determination for you.
Join my experts this Thursday, 25. October 2018, 2.00 – 3.00pm
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Based on media news available in Arabic media, the Bahrain House of Representatives has voted in favour of the VAT Law last week.
The news also confirmed that the VAT will be effective on 1 January 2019. Read More »
Please find attached a press release as published last week by the European Council. This concerns so called “Quick Fixes” aimed to be implemented as per 1 January 2020 (and as an interim step towards a definitive EU VAT system). Due to the numerous discussion around the definition, the “Certified Tax Person (CTP)” concept has been postponed and will likely be part of the definitive VAT regime.
On 2 October 2018, the Council agreed on four adjustments to the EU’s current VAT rules to fix specific issues.Read More »
The e-commerce space in India has always been subjected to scrutiny and litigation from an indirect tax perspective. With a view to monitor transactions done through e-commerce operators, the GST regulations have vested e-commerce players with additional compliance burden.
From 1 January 2019, customer accounting is applicable to a relevant supply of prescribed goods exceeding $10,000 made by a GST-registered supplier to a GST-registered customer.
The prescribed goods are mobile phones, memory cards and off-the-self software.Read More »
In brief
On 29 July 2018, the Federal Tax Authority (“FTA”) published a VAT Guide on Designated Zones – VAT Guide (VATGDZ1).
Guidance is provided on the specific characteristics of a Free Zone and how it can qualify as a Designated Zone for VAT purposes. Additionally, information and examples also detail the practical application of Article 51 of the UAE VAT Executive Regulations in order to help businesses operating in designated zones.Read More »
If you do business in Poland you might be obliged to register in freshly established Waste Database due to recent legislative changes in Poland.
Registration obligation
According to the Polish Waste Act, every entity is obliged to enter the waste register, if they have the below listed transactions in the Polish territory:
Whilst the 5 first positions are rather self-explanatory, the latter 2 items may require further explanation.Read More »
Digital technology is transforming the way in which organisations manage their tax affairs. Are you curious about what the future holds?
Find out more and subscribe to our webcast series in autumn
Managing tax and customs internationally has become a real handful.Read More »
FTA – Tax liability for radio and television business levies
Bern, 30.08.2018 – Only companies with their registered office, domicile or permanent establishment in Switzerland subject to VAT are subject to the business tax for radio and television. Companies without a registered office, domicile or permanent establishment in Switzerland that are subject to Swiss VAT, however, do not have to pay a business tax for radio and television. This is stated in the explanatory report on the Radio and Television Ordinance. The Regulation will enter into force on 1.1.2019.Read More »
What has happend the last two weeks regarding GST? Find out more about the Supreme Court of India, draft of simpliefied formats of GST returns, different figures and numbers of GST and what to expect in the near future.Read More »
PwC Switzerland ITX
Michaela Merz 