New rules are expected to have a beneficial impact on companies carrying out clinical trials on humans in Israel.
Section 30(19) of the Israeli VAT Law was amended in December 2014 such that the provision of supervision, coordination and control services in Israel in connection with carrying out medical experiments on humans to foreign residents shall be subject to Zero VAT.Read More »
Fifteen years ago, in the heyday of the e-business boom, internet promised to change industries and business models very quickly, first of all in retail trade. When these promised changes did not realise very quickly, this resulted in the bursting of the dot-com bubble.Read More »
A new rule, likely to come into force in February 2015, will benefit Korean companies providing clinical trial services.
This rule will allow Korean hospitals and medical institutions, which provide clinical trial services to foreign pharmaceutical companies located outside of Korea and receive consideration in foreign currencies, to apply zero-rated VAT on these services.Read More »
The budget Law (Bill n°6720) introduced a new procedure, effective as from 1 January 2015, for VAT-registered businesses which claim periodic VAT refunds.Read More »
In Iceland the reduced VAT rate applicable to e-books and electronically published music increased from 7% to 11% as of 1 January 2015. Therefore, it must be ensured that you account for VAT on such sales at the appropriate rates. You can access further information of the overall Icelandic tax rules in 2015 here. Read More »
In the spirit of our 20th anniversary of Swiss VAT I am pleased to share with you a new version of the Swiss VAT brochure which is currently available in German.
The discussion about immigration in Switzerland shows its first effects. Until 1 April 2015 no more working permit quotas are available for assignees from EU/EFTA countries for the first quarter 2015. As a consequence it will not be possible to obtain new work permits until 1 April 2015 for periods of more than four months/120 days for any EU nationals assigned to Switzerland as part of an Read More »
This new regime will allow tax payers who import goods into Spain to defer their VAT payments until they file their VAT return, rather than paying the VAT due at the same time as the customs duties. Additionally, the VAT credit will be accounted for at the same time.Read More »
Wollen Sie schnell und ohne grossen Aufwand herausfinden, wie Ihr MWST Risiko aussieht?Read More »
The Puerto Rican government is considering implementing a comprehensive tax reform package between January and March 2015, which would replace the current sales and use tax system enacted in 2006.Read More »
PwC Switzerland ITX
Michaela Merz 