In a speech by the Treasurer at the COSBOA National Small Business Summit on Friday (17 July 2015), it was suggested that there may be changes to the GST low-value import threshold. Specifically he stated that “Our application of GST to imported digital products is potentially going to go further following discussions with the State Treasurers in mid-August. Read More »
Category: Tax Knowledge
Larentia + Minerva: CJEU issues its decision on the VAT deduction right of active holding companies and VAT grouping rules
The Court of Justice of the European Union (CJEU) released yesterday its decision on the joint cases, Beteiligungsgesellschaft Larentia+Minerva GmbH & Co. KG (C-108/14) (Larentia+Minerva) and Marenave Schiffahrts AG (C-109/14) (Marenave).
The questions referred to the CJEU concern two significant issues:
- The input VAT recovery of holding companies involved in the management of their subsidiaries
- The VAT grouping rules and the restrictions imposed by national law.
Invitation: QuoVATis Masterclass Pharma & Life Science
I would like to invite you to our Pharma & Life Science event to discuss diverse VAT aspects within the fields of VAT, Pharma & Life Science together with other specialist in the industry and international experts of PwC in this area, who are dedicated to the pharmaceutical industry.
Dates:
- Thursday, 27 August 2015 (DE)
9.00 am – 12.30 pm
Place: PwC Zurich
- Thursday, 29 October 2015 (EN)
1.30 pm – 5.oo pm
Place: PwC ZurichRead More »
Japan – Tax authorities’ guidelines for the new JCT rules as of 1 October 2015
The Japanese National Tax Agency (NTA) published its guide on the Japanese Consumption Tax (JCT) obligations of the cross-border supply of electronic services.
You can access the English version of the document intended for foreign businesses HERE. The NTA also published some further documents HERE on this topic, however all these documents “are used only for explanations”.Read More »
Luxembourg EU Presidency tax priorities
Piere Gramegna, Finance Minister of Luxembourg and ECOFIN Council President, outlined his priorities for the coming six months. For the tax people especially two of them are of particular interest step up the fight against fraud and work towards fairer corporate taxation. Mr Gramegna said “given the budgetary constraints in Member states, fair taxation and the fight against fraud are absolute priorities”. Read More »
European Commission – study on alternative taxation of intra-Community (EU) supplies of goods
On 13 July 2015, the European Commission (EC) published a study entitled “Implementing the ‘destination principle’ to intra-EU B2B supplies of goods” (the Study) on its website.
The Study focuses on two issues involving the current VAT model: first, additional compliance costs borne by taxable persons (especially small and medium-sized enterprises) conducting cross-border trading compared to taxable persons only trading domestically; and second, the level of VAT fraud existing within the European Union. Read More »
PwC – Reshaping the Tax Function of the Future
The world is changing at a very high speed. Basics, which were valid yesterday, will become obsolete tomorrow. Rarely does a day pass without an article about taxes appearing in one of the world’s leading newspapers – and, more often today than in the past, these articles appear on the front pages of these newspapers. This is a sign of the ever-increasing impact of taxes in our world today. Read More »
South Korea – change in the law for the supply of e-services as from 1 of July 2015
The amended VAT law for the supply of e-services from overseas has been effective since July 1st, 2015. Foreign service providers shall apply for the simplified business registration by July 20th, 2015. The Korean tax authorities (National Tax Service (“NTS”) open the website for the application of simplified business registration.
You can reach out to the website via the LINK.
Read More »
Insurance Banana Skins 2015
What risks do insurers worldwide face in the current climate and how are they prioritising them?
Even though there has been an important shift in the risk perception of the insurance industry, regulation tops the survey for the third year running.
Regulation is once again a prominent Banana Skin across all segments of the industry. Read More »
PwC-Webinar: SAP GTS OnDemand – Die kostengünstige Alternative für den Zoll- und Außenhandel
Am Dienstag, 7. Juli 2015 findet unser Webinar „SAP GTS OnDemand – Die kostengünstige Alternative für den Zoll- und Aussenhandel” von 14:00 bis 15:00 Uhr statt. Dazu lade ich Sie herzlich ein. Read More »
Michaela Merz 