Category: Tax Knowledge

Cost impacts on warehousing in EU – changes under Unions Customs Code (UCC)

Michaela MerzLeave a comment

Current situationI would like to inform you about current ongoing discussions in the EU about increasing customs duty costs when companies are using customs (or bonded) warehouses*.

According to the new UCC provisions that will enter into force as of 1 May 2016, if goods are put and stored into a customs warehouse in which VAT and customs duties are suspended, it is understood that the value for declaration purposes will be the one of the sale occurring when the goods are leaving the customs warehouse. Read More »

Russia – draft legislation on VAT on B2C supply of electronic services

Michaela Merz1 Comment

710885_web_R_by_Helga Hauke_pixelio.de

Russia can be the next in line to join the countries that impose VAT on the B2C supply of electronic services by non-established service provider. A draft legislation that would require foreign companies to start charging VAT on internet / digital services provided to individuals is currently being considered by the Russian State Duma.Read More »

Effective Tax Rates as per 1 of July 2015 in EU, Norway, Turkey, Republic of Macedonia, Switzerland, Canada, Japan and the United States

Michaela MerzLeave a comment

PwC_PC_France_Marseilles_MB_208.jpg Green sculpted trees Cement, concrete People Stairs, or steps, shadowsA report based on the methodology used for the calculation of effective tax rates (ETRs) as set out by Devereux and Griffith (1999, 2003) with regards to the project TAXUD/2013/CC/120 was published. Read More »

Germany: Deadline for Requesting a Permanent Filing Extension for VAT Returns in 2016

Michaela MerzLeave a comment

744717_web_R_K_by_Jasmin Staab_pixelio.deThe German Finance Ministry now offers companies with VAT filing obligations in Germany the opportunity to request permanent filing extensions via its online portal ELSTERONLINE.

The permanent filing extension enables companies to postpone indefinitely their monthly/quarterly VAT return filing deadlines by one month.Read More »

Recorded version: Webinar on Hot topics in Brazil indirect taxation

Michaela MerzLeave a comment

Vacation spots near waterPhoto_RGB_R_BRZ_5709.jpgDear all,

The Webinar on Hot topics in Brazil indirect taxation took place last Wednesday.
If you didn’t had the chance to participate, please find HERE the recorded version of this Webinar.

If you have any questions, please do not hesitate to contact us.

 

Germany – 13th directive refund applications to be done only electronically as from 1 of July 2016

Michaela MerzLeave a comment

Germany will require all VAT refund applications according to the 13th Directive to be made electronically for the calendar year 2016. Currently non-German businesses which are not registered for VAT purposes in Germany need to claim for VAT incurred in Germany by completing a paper application filed together with the other required documents such as the physical purchase invoices to the Federal Central Tax Office.Read More »

EU Finance Ministers discuss VAT fraud – 15 January

Michaela MerzLeave a comment

Photo_RGB_R_DUB_D4_2152-2.jpgDuring the Ecofin Council meeting in mid-January, EU Ministers of Finance notably discussed VAT fraud. The discussion took place at the request of Czech Republic, which emphasised the need to transcend the current focus on corporate tax and pay more attention to VAT fraud. Read More »

Tax priorities of the Netherlands EU Council Presidency EU 2016

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Photo_RGB_R_NL_JA_00614.jpg People crossing the tracks ot the stationCorporate Tax
“On 17 June 2015 the Commission presented an action plan to reform the corporate tax system in the EU. It includes a series of initiatives designed to end tax avoidance, ensure the sustainability of revenues and strengthen the internal market for business. Read More »

EU VAT Return per January 2017

Michaela MerzLeave a comment

704848_web_R_K_B_by_Uwe Wagschal_pixelio.deOn the 23th of October 2013, the European Commission published a proposal to introduce a common system of value added tax as regards a standard VAT return to come into force as per 1 January 2017. Negotiation have resulted in a draft compromised text that has fully denatured the substance of the Commission proposal. Read More »

2015 Global Automotive Tax Guide

Michaela MerzLeave a comment

Photo_RGB_R_BRZ_SAO_D3_9001Dear all,

Please find HERE the 2015 Global Automotive Tax Guide. This Guide covering everithing you need to know about car taxation in 44 countries – from import and registration to finance, direct and indirect taxation.Read More »