The new structure of the JPK_VDEK (SAF-T) uniform control file will replace the current JPK_VAT from 1 January 2019. It was only from the middle of next year (1 July 2019), however it could be used instead of tax declarations as stated by the head of the National Revenue Administration (NRA).Read More »
Category: Tax Knowledge
US: Wayfair decision – Impact on tax processes and system implications
In the highly anticipated case of South Dakota v. Wayfair, the US Supreme Court on June 21, 2018, in a 5 to 4 opinion, overturned the Quill physical presence standard, finding it “unsound and incorrect.”
To keep you posted I invite you to join our live Webcast: PwC and Vertex as we discuss possible impacts to the ERP landscape, tax engines, and tax obligations in response to the Wayfair decision on a go-forward basis.Read More »
New Zealand: The new Customs and Excise Act 2018 as from 1 of October
The Customs and Excise Act 2018 (the Act) was passed into law earlier this year and is a landmark development. The new law is the product of sound vision, much hard work by the New Zealand Customs Service (NZCS) team, and an extensive consultation phase with affected stakeholders. For the most part, the Act will apply from 1 October 2018.Read More »
Canada: What should you know if you import into Canada
In brief
On July 6, 2018, the Department of Finance Canada issued a statement outlining the processes and procedures to request a remission of surtaxes on US-origin goods listed in the schedules of the:Read More »
India: GST Council releases draft amendments to GST laws for public comments
In brief
The GST Council has released a set of draft amendments in the CGST Act, IGST Act and GST (Compensation to States) Act for public comments, which are requested to be submitted by 15 July, 2018. The significant amendments proposed and its impact are described in this tax insight.Read More »
Italy: News related to the mandatory e-invoicing regime, Circular letter no. 13/E 2018
Prepared by Davide Accorsi, Andrea WernerBeilinand Giuseppe Cammareri
With the Circular letter no. 13/E of 2 July 2018, the Italian tax authorities has provided further clarifications regarding mandatory electronic invoicing regime, in order to reply to questions provided by trade associations.
UK – Brexit – what is going to happen in near future
The negotiators of the European Union and the United Kingdom Government published a statement on the progress of negotiations under Article 50 TEU on the United Kingdom’s orderly withdrawal from the European Union on June 19, 2018, which included several announcements relevant for VAT. The joint statement is putting forward with a view to the meeting of the European Council (Article 50) of 29 June 2018.Read More »
Germany – The end of the simplification regulation for cross-border sales to a multitude of (smaller) businesses
In Brief
In a circular letter dated April 23rd 2018, the German Federal Ministry of Finance (FMOF) repealed the German tax authorities’ previous simplification regulation for the so-called intra-Community movement of own goods in the border area (Section 1a.2(14) of the German VAT Application Decree [Umsatzsteuer-Anwendungserlass, or UStAE]). Read More »
Australia – GST on Low Value Goods – Commencing from 1 July 2018
You are no doubt aware that in just a couple of days (1 July 2018) the new Australian low value goods import laws are coming into force.
Who is Affected?
Any business that meets the AUD $75,000 registration threshold and sells low value goods (under $1000) into Australia to consumers will be affected.Read More »
US Supreme Court overturns physical presence rule for state taxation
Last week, 21 June, the Supreme Court ruled 5-4 in favour of South Dakota in the South Dakota vs. Wayfair, Inc. case, which reverses the 1992 Quill Corp vs. North Dakota ruling. The Court remanded the case to the South Dakota Supreme Court to address the matter in light of its decision. Read More »
Michaela Merz 