Italy took over EU Council Presidency on 1 July 2014 for the following 6 months. Italy’s Prime Minister Matteo Renzi presented Italy’s priorities to the new Members of the EU Parliament and the formal programme has now been released.
In the area of indirect taxation, the Italian Presidency willRead More »
On 1 July 2014, new regulations come into force in case goods are imported to Switzerland by travelers. The aim of those new rules is to simplify touristic traffic and make it more transparent.
From now on, travelers attempting to import goods into Switzerland are required to answer two questions:
(1) Does the total value of all goods exceed CHF 300?
(2) Are defined duty free limits exceeded?Read More »
Ab dem 1. Juli 2014 gelten neue Bestimmungen bei der Einfuhr von Waren in die Schweiz im Reiseverkehr. Diese sollen den Reiseverkehr einfacher und transparenter machen.
Neu müssen Reisende, welche Waren in die Schweiz einführen wollen, zwei grundsätzliche Fragen beantworten:
(1) Übersteigt der Gesamtwert der Waren die Wertfreigrenze von CHF 300?
(2) Werden die definierten Freimengen überschritten?Read More »
From 1 July 2014 onwards, businesses involved in supplying certain IT hardware as well as mobile devices (e.g. mobile phones, game consoles, tablet computers, laptops,) in Denmark will no longer be obliged to charge Danish VAT on their invoices to other businesses.
The EU Commission published additional guidelines on the audit of the VAT Mini One Stop Shop. These additional MOSS guidelines are available on the EU Commission’s website (Link).
The guidelines include additional information about how to contact taxable persons as part of an VAT audit and the method businesses should use to provide the information required by an audit. Read More »
For basic telecom services such as fixed network telephone services, mobile services and voice-over internet protocol services (VOIP) and value added services such as providers of online data processing (online banking, auctions, payment processing), data storage services, internet information services, data hosting, internet access services and call centres the VAT rate of 11% and 6% respectively replaced the 3% business tax as from 1 of June 2014. The telecommunication sector is heavily regulated in China.Read More »
The Mini One Stop Shop is an optional scheme which comes into force on 1.1.2015. It will allow taxable persons providing electronically supplied and telecommunication services, television and radio broadcasting to non-taxable persons in Member States in which they do not have an establishment to account for the VAT due via a web portal in the Member State where they are registered. Read More »
The bilateral Free Trade Agreement concluded in 2013 between China and Switzerland comes into force on 1 July 2014. Switzerland will abolish all customs duties on imports of Chinese industrial goods. China is abolishing or reducing the large majority of its customs duties on imported Swiss industrial goods, in whole or in part, Read More »
The Swiss PwC Indirect tax team is looking for consultant for its Basel office with a solid understanding of EU VAT matters.
The ideal candidate should:
Law and Ordinance:
Link to: Federal Act on Value Added Tax
Link to: Ordinance of the FDF on Electronic Data and Information
PwC Switzerland ITX
Michaela Merz 