The praxis has shown that complex business structures, international trade and cross-border transactions entail significant challenges for most companies independent of the company size.
In order to stay compliant and minimize any VAT risks, it is important to keep track of all the relevant company processes, supply chains, etc. These challenges and developments are going hand in hand with efficient use of resources and finding efficient and pragmatic solutions in line with legislations in different countries.
With effect from 1 July 2021, the second stage of the so-called “e-commerce package” will be implemented throughout the EU, necessitating far-reaching adjustments to the EU VAT system, particularly with regard to supplies of goods and services to private individuals.
In order to avoid tax evasion and fraud, the Portuguese Tax Authorities (PTA) have defined the rules and requisites that billing systems must fulfil to ensure the non-violation of billing data once it is registered. As a consequence, only billing systems that fulfil the requirements defined in the Law and certified by the PTA can be used.
It’s time again for the biennial edition of the PwC VAT Conference. This year we are meeting virtually on two mornings. The conference will be focusing on the recent and upcoming changes in the sphere of VAT.
Covid lockdown brought us shopping over internet only, extensive growth number of retail eshops for various kind of product and services. The share of e-shops in retail sales is currently 13,5%. Customers expectations of quality and speed of deliveries are increasing, the complexity of the logistic, order fulfilment etc is becoming more and more demanding.
The company internally created e-shop becomes a complicated project and needs to be managed well. Outsourcing can be a valuable solution.
Since the foundation of Sonova (formerly Phonak) in 1947, the company has been successful in its mission to become the recognized innovation leader in the global hearing care market.
Currently present in over 100 countries, Sonova has a workforce of 14’000 employees and generated sales of CHF 2’92 billion in the financial year 2019/20 and a net profit of CHF 490 million. Sonova is listed on the Swiss Stock Exchange (SOON) and has its global headquarter in Stäfa, Switzerland.