2015 seems to start with book related VAT news in the EU. After the ECJ’s judgment in the K Oy case (C-219/13), the Finnish Supreme Administrative Court (“SAC”) delivered its ruling at the end of December. Read More »
Category: Tax Knowledge
Switzerland: Declaring Goods – Exchange rates (sell)
European Commission publishes study on application and impact of optional reverse charge mechanism within EU VAT system
On 23 December 2014, the European Commission has published online a study entitled “Assessment of the application and impact of the optional ‘Reverse Charge Mechanism’ within the EU VAT system” (the Study).
EU VAT Rates as from 1 of January 2015
Italy: reduced VAT rate of 4% on e-books from 1 January 2015
The Italian Parliament passed the 2015 Finance Law on 22 December, which applies the 4% VAT rate to e-books as of 1 January 2015. According to the legislation any publication that is identified by an ISBN code (International Standard Book Number) and transmitted through any physical or electronic means, should be considered as a book and, as a result, subject to the 4% reduced VAT rate.Read More »
France – Tax Audit: New Obligations
I am happy to share with you the following documentation:
French Tax audit_New obligations_electronic submission of accounting entries_new penalties
Should you need assistance please do not hesitate to contact our PwC/Landwell specialists in France:Read More »
Italy – simplification in the VAT Law and some new obligations as from 1 of January 2015
On November 28, 2014, the Legislative Decree laying down provisions related to tax simplification so called “Decreto semplificazioni fiscali” (Legislative Decree no. 175 dated November 21, 2014) has been published in the Official Italian Gazette.Read More »
Hungary – reporting obligation on road transports as of 1 January 2015
This new reporting obligations will be effective for tax payers who carry out certain transactions involving road transportation, including also foreign established companies that are registered for VAT in Hungary. These transaction are the following:Read More »
Abolishment of the VAT grouping in Sweden is on the agenda
The present Swedish government lost in the recent voting for the budget for the next year and as a result of this, opposition’s proposal to abolish the VAT grouping in Sweden is on the agenda.
For further information please contact Jesper Öberg: +46 (0)10 2129553 or jesper.oberg@se.pwc.com
Spain – New real-time VAT reporting system from 2017
According to a recent announcement, the Spanish tax authorities (STA) plan to introduce a real time VAT-reporting system as from 2017.
The new system requires large taxpayers to provide the STA with information about the invoices they issue and receive.
But what means “large taxpayers”? The current definition includes business with a yearly turnover exceeding EUR 6 Million as well as VAT groups and businesses using the monthly Spanish VAT refund regime (REDEME). Read More »
Michaela Merz 