Crypto – what did you always wanted to know about taxation of cryptocurrencies?


Indirect Tax

Governments with a VAT/GST regime in place would typically consider cryptocurrency and related transactions to be within that taxing regime.

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EU – changes in the EU law new reporting obligations for new EU register – SCIP (Substances of Concern In Products) as from 5 of January 2021


Companies supplying articles containing substances of high concern (SVHCs) on the Candidate List in a concentration above 0.1% weight by weight (w/w) on the EU market have will have to submit information on these articles to new EU register –  SCIP (Substances of Concern In Products) as from 5 January 2021.  Lead (which is widely used in electronics) is also among these substances. Thus, each article Lead (or the substance itself) must be submitted in this register. Please analyse the list of substances in order to understand if you face additional reporting obligation.

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Poland – Polish Supreme Administrative Court decision related to the VAT treatment of supplies of medical device equipment (judgment of 30 July 2020, no I FSK 2120/19)


The recently issued judgment of the Polish Supreme Administrative Court related to the VAT treatment of supplies of medical device equipment (judgment of 30 July 2020, no I FSK 2120/19) is of importance to the industry.

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Post for all my regularly Friday readers


Dear readers

The workload is extremely high at the moment and I want to share some good stories with you but unfortunately the days are too short.

Please be informed that the regularly Friday post will be posted on Monday.

Have a great weekend

Michaela

Recordings PwC – SAP GTS Virtual Roadshow


We’re sorry if you were not able to participate in our SAP GTS Virtual Roadshow.

Together with SAP experts, we explored how SAP Global Trade Services supports companies in their journey towards achieving a transparent and efficient supply chain. We also discussed trade-related hot topics and held a Q&A session where we addressed the participants’ questions and concerns.

We would still like to share our insights with you. Here is a link to the recording of our webinar:

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Life in times Corona XIII


Dara was very tidy. Her apartment was always bright and shiny. Cleanliness and order were not part of her life but were her life.

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Leben in Zeiten Corona XIII


Dara war sehr ordentlich. Ihre Wohnung war immer blitz und blank. Sauberkeit und Ordnung gehörten nicht zu ihrem Leben, sondern waren ihr Leben.

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PwC Pharma & Life Sciences Webinar: Keep up to date with regulatory developments


Dear pharma & life sciences colleagues,

As a tax/regulatory specialist within a pharmaceutical & life sciences company, you face complex sector-specific challenges each and every day.

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China – New Export control Law as from 1 of Decemeber


Mid October 2020 the National People’s Congress of China passed a new export control law with a wide, extraterritorial scope and tighter control measures to safeguard national’s security interests. Items under control by this new law are dual use, military and nuclear goods, technology and services as well as items, which are subject to National Security.

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Germany – Digital VAT Package translated into the local law and further changes to be expected 2021


Publication by PwC Germany

The draft of the Annual Tax Law 2020 (Jahressteuergesetz 2020, or JStG 2020) recently published by the German Federal Government amends a large number of tax laws, including the German VAT Act (Umsatzsteuergesetz, or UStG) and the German VAT Ordinance (Umsatzsteuer-Durchführungsverordnung, or UStDV). It mainly provides for the implementation of the Digital VAT Package, which involves a complete redesign of the distance sales regime, but also includes several other important amendments. It should be noted that the JStG 2020 is only a draft at present, so its current wording may be withdrawn or amended and new measures may still be added.

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