Erstmals in der Geschichte der Schweizer Mehrwertsteuer könnten der Normal- und der Sondersatz sinken! Ob und in welcher Höhe eine Senkung per 1. Januar 2018 erfolgen wird, entscheidet das Schweizer Stimmvolk am 24. September 2017 im Rahmen der Abstimmung zur AHV-Revision.Read More »
I would like to inform you about the following changes regarding the deadline of the registration:
The registration portal will open from 28th August after which point you have a few months to register ahead of VAT launch in January 2018. Read More »
On 31 July 2017, the President of the United Arab Emirates – His Highness Sheikh Khalifa bin Zayed Al Nahyan, has issued the new Tax Procedures Law (Federal Law No. 7 of 2017) (“TPL”). The TPL sets out the foundations for the impending UAE tax regime and aims to regulate taxpayer rights and obligations, administration and collection of taxes, and defines the role of the Federal Tax Authority (FTA). The TPL will come into force 30 days from the date of its publication.Read More »
In brief
The Value Added Tax (VAT) law was published in KSA’s official gazette (UM AL-QURA) in its issue number 4681 dated 28 July 2017.
The VAT law indicates that VAT will enter into force from the start of the fiscal year following the date of its publication in the official Gazette, i.e. 1/1/2018. Read More »
There have been two important developments in the GCC which could be of interest for you and probably require your attention:Read More »
In concert with other Gulf Cooperation Council (GCC) countries, the Kingdom of Saudi Arabia (KSA) is implementing Value Added Tax (VAT) on January 1st, 2018.
The GCC Framework Agreement, known fully as The Unified VAT Agreement for The Cooperation Council for the Arab States of the Gulf, sets out the agreed upon VAT principles and framework across the GCC Member States. Read More »
According to the Royal Decree, the mandatory monthly VAT advance payments for quarterly declarants have been abolished as from 1 April 2017. Additionally, the Royal Decree confirmed the practical modalities as regards the one-off yearly December VAT advance payment, replacing the monthly VAT advance payments for quarterly declarants.Read More »
Please find below an update on the currently published Advocate General (AG) opinion in the Boehringer ECJ case (C-462/16) and its potential implications:
First of all, it should be noted that even though the AG’s opinion provide a good insight in the potential direction where the final judgement might go, it should be not taken for granted that the judgement will fully apply the same principles and will came to the same conclusion. Read More »
The ECJ AG in the case of Boehringer Ingelheim has been handed down on 11 July 2017 (please find he CJEU case C-462/16 here: Link).
In that regard we have excellent breaking news and a VAT saving opportunity on (mandatory) rebates that companies have to render for the supply of pharmaceuticals.Read More »
Countries have recognised the need to improve administrative co-operation in tax matters, notably through exchange of information and assistance in collection of taxes, for the purpose of preventing tax evasion and avoidance. Read More »
PwC Switzerland ITX
Michaela Merz 