Referring to the information on VAT split payment in Romania I would like to update you as follow:
This week the Romanian senators from the Budget Finance Committee discussed and proposed some amendments related to the VAT split system. Read More »
Category: Tax Knowledge
Romania – VAT split payment as per 1 of October respectively 1 of January 2018
What is the VAT split payment system?
The new VAT split payment system requires all VAT payers (including non-residents registered for VAT purposes in Romania) to use a bank account dedicated to all VAT-related incoming and outgoing amounts (for transactions carried out on the Ro territory) in respect of all their VAT-bearing transactions. Read More »
Hungary – real time reporting – how to do it efficiently with online reporting tool
As of 1 July 2018 all taxpayers are required to report to the Hungarian tax authority certain data regarding invoices that are issued by invoicing software and have a VAT content of at least HUF 100,000. Such reports will have to be made electronically, through an online connection, using a specific XML file format.Read More »
Poland – Brief summary of recent tax situation
Based on the latest World Bank’s “Doing Business” report Polish tax system is one of the most complicated and complex systems within the EU. In general, significant time investment is needed to fulfill tax obligations in Poland.
Polish legal provisions are often not formulated in clear way. Read More »
EBIT – EU Commission adopts Communication on Taxation of the Digital Economy
On 21 September 2017, the European Commission (EC) issued a Communication (non-binding, strategic policy paper) on the taxation of the digital economy. The Communication will serve as a basis for further discussion among EU leaders at the Tallinn EU Digital Summit of 29 September. Read More »
Swiss public votes NO – Financing of the AHV by increasing the VAT rate
At yesterday’s popular vote, the Swiss voters have refused to raise the VAT rates in order to finance old age pensions.
Since a temporary VAT rate increase from the past runs out, the VAT rates will actually decrease:Read More »
Gli elettori svizzeri dicono NO – Finanziamento dell’AVS mediante l’aumento dell’imposta sul valore aggiunto
Ieri gli elettori svizzeri hanno preso posizione: Dicono no al finanziamento dell’AVS mediante l’aumento dell’imposta sul valore aggiunto.
Pertanto l’aliquota normale e l’aliquota ridotta vengono ridotte nel modo seguente:Read More »
Le peuple suisse a dit NON – Financement de l’AVS par l’augmentation de la TVA
Hier, le peuple suisse s’est prononcé clairement contre le financement de l’AVS par une augmentation des taux de TVA.
Le taux normal et spécial seront ainsi réduits de la manière suivante:Read More »
Schweizer Stimmvolk sagt NEIN – Finanzierung der AHV durch Anhebung der Mehrwertsteuer
Gestern hat das Schweizer Stimmvolk Klartext gesprochen: Es sagt Nein zur Finanzierung der AHV durch eine Anhebung der Mehrwertsteuer.
Damit sinken Normal- und Sondersatz wie folgt:Read More »
India – Government extends due date for filing GSTR 1, GSTR 2 and GSTR 3 for the months of July and August, 2017
The Government has tweeted on its official twitter handle for queries on GST about the extension of due dates for submission of detailed returns in Forms GSTR 1, GSTR 2 and GSTR 3 for the months of July and August, 2017. The formal notification for extending the timelines is expected shortly. Read More »
Michaela Merz 