Yesterday, the Secretary of the Treasury in Puerto Rico issued a press release to postpone the effective date of the Value Added Tax (VAT) to June 1st, 2016, in accordance with his statutory authorization. The Sales and Use Tax (SUT) will continue to be in effect through May 31st, 2016, including the 4% tax on business to business and on designated professional services.
The VAT regime will enter into effect on June 1, 2016 only.Read More »
Please take note of PwC India’s monthly “Indirect Tax Newsletter” and “Customs, FTP & WTO Newsletter” – February 2016 issue.
The newsletters cover and explain important judicial and legislative developments under the Service Tax, Central Excise, VAT/CST and Customs Acts, Foreign Trade Policy & WTO provisions.Read More »
Chinese Premier Li Keqiang mentioned on Saturday during the National People Congress meeting that B2V will be fully rolled out on May 1, expanding the B2V scope to construction, real estate, financial services and consumer services.Read More »
According to the changes in Polish tax law, which will come into force as of 1st July, there will be a new obligation for the taxpayers to have so called Standard Audit File (in Polish: “Jednolity Plik Kontrolny” or “JPK”) – special reporting form, in a special format [determined by Polish tax authorities] that will allow tax inspectors to have an easy access to accounting / tax data / records. Read More »
As some of you may know, there will be some important changes regarding GST on digital products and services in New Zealand, once the law is passed this April.
If you haven’t taken interest in this fascinating development yet, you can follow-up on some background information here:
I would like to inform you about our next event in the popular series of global ITX webinars regarding indirect tax policy developments in the EU.
This time, the focus will be on the EU Commission’s new VAT strategy to be published only a day before the webcast, so it will be a real hot topic!Read More »
The OECD has launched below survey to assess the scope and magnitude of costs of irrecoverable VAT/GST incurred by businesses in jurisdictions where they are not established.
Has your business paid value-added tax (VAT), goods and services tax (GST) or similar taxes in foreign countries? Has your business tried to recover these taxes? Read More »
Legislative Decree no. 175/2014, so called “Semplificazioni fiscali” concerning tax simplification in connection with the VAT refund claims was introduced in 2014. When released, the rules concerning the simplification procedure were unclear, especially in the application for non-EU companies. Read More »
Im Sommer 2013 hat das Schweizer Parlament eine neue Swissness- Gesetzgebung verabschiedet mit dem Ziel, den Mehrwert der Marke «Schweiz» nachhaltig zu sichern. Am 2. September 2015 hat der Bundesrat das Verordnungsrecht zur Swissness-Gesetzgebung genehmigt und das ganze Gesetzgebungspaket auf den 1. Januar 2017 in Kraft gesetzt. Read More »
The Danish Government has widened the Tax Authorities’ information collection powers, by enabling it to be able to request payment information in connection with foreign suppliers who supply goods via distance selling or supply electronic services to private individuals in Denmark. Read More »
PwC Switzerland ITX
Michaela Merz 