EU – Council agrees short-term VAT fixes as from 1 of January 2020

Michaela Merz1 Comment

euro-comPlease find attached a press release as published last week by the European Council. This concerns so called “Quick Fixes” aimed to be implemented as per 1 January 2020 (and as an interim step towards a definitive EU VAT system). Due to the numerous discussion around the definition, the “Certified Tax Person (CTP)” concept has been postponed and will likely be part of the definitive VAT regime.

On 2 October 2018, the Council agreed on four adjustments to the EU’s current VAT rules to fix specific issues.Read More »

India – tax at source of electronic services at 1% as of 1 of October

Michaela Merz1 Comment

india.pngThe e-commerce space in India has always been subjected to scrutiny and litigation from an indirect tax perspective. With a view to monitor transactions done through e-commerce operators, the GST regulations have vested e-commerce players with additional compliance burden.

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Water-skiing in autumn

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It is the end of September. Thy sky is grey and cloudy and the wind is blowing strongly. I have to be honest and say that this Sunday morning I don’t feel like going on the lake to experience the joy of water-skiing. I would have preferred it if, because of the high wind, it were cancelled. I didn’t dare to call it off myself, because I would have to pay for the hour and in addition would have looked like a failure and wimp.Read More »

Wasserski im Herbst

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778373_web_R_K_by_Martina Goslar_pixelio.de

Es ist Ende September. Der Himmel ist grau und bewölkt und es windet kräftig. Ich muss ehrlich sein und sagen, an diesem Sonntagmorgen habe ich gar keine Lust in das Seewasser zu steigen, um den Rausch des Wasserskifahrens zu erleben. Am liebsten wäre mir, wenn es wegen zu viel Wind abgesagt werden würde. Selber absagen traue ich mich nicht, da ich die Stunde bezahlen müsste und noch dazu wie ein Versager und Weichei da gestanden hätte.Read More »

Genossenschaftswohnung in Zürich

Michaela Merz2 Comments

Es war der Alptraum, als wir damals vor vielen Jahren als junge Familie mit sehr wenig Geld eine Wohnung gesucht haben. Das, was zu haben war, konnten wir uns nicht leisten und das, was wir uns leisten könnten, bekamen wir nicht. Unsere Ansprüche waren so bescheiden wie unsere finanziellen Möglichkeiten und trotz intensiver Suche schien es aussichtslos.

Als die Verzweiflung am Grössten war, tauchte ein Kollege auf, der nach seiner Scheidung aus einer alten, kleinen Genossenschaftswohnung wegziehen wollte. Wir hatten das wahnsinnige Glück, dass wir diese Wohnung übernehmen konnten. So habe ich Effretikon kennen und schätzen gelernt.Read More »

Cooperative apartment in Zürich

Michaela Merz2 Comments

It was a nightmare when many years ago as a young family with little money we were looking for an apartment. What was available, we couldn’t afford and what we could afford, we didn’t get. Our requirements were as modest as our financial resources and, despite intensive searching, it seemed hopeless.

When our desperation was at its peak, a colleague appeared, who after his divorce wanted to move out of an old small cooperative apartment. We had the great good fortune that we could take over this apartment. That is how I came to know and like Effretikon.Read More »

UK: Making Tax Digital – your new obligation as from 1 of April 2019

Michaela Merz1 Comment

HMRC recently published their final version of the legislation introducing the new MTD VAT reporting obligations, which are to take effect from 1 April 2019.

From this date, businesses with UK taxable turnover above the VAT registration threshold (currently ₤85,000 per annum) will need to keep and preserve digital records and submit UK VAT returns using compatible software.Read More »

New York, once again

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There are many beautiful places on this earth. There are places, where fascinating things happen, places with a special vibe, but New York is a class of its own.

I travel to New York to visit my clients. And it’s always the same deal: I know in advance, that I will work like crazy. That I will not get enough sleep and that my tiredness will rob me of my ability to think properly. All that scares me. But then I get to experience things, which are simply impossible to live anywhere else in the world.Read More »

Wieder Mal New York

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Es gibt wunderschöne Orte auf dieser Erde, es gibt pulsierende Orte, es gibt Orte, wo wahnsinnige Sachen passieren, aber es gibt nur ein New York.

Ich reise dorthin, um meine Kunden zu besuchen. Und es ist jedes Mal das Gleiche. Ich weiss im Voraus, dass ich arbeiten werde wie wahnsinnig. Ich weiss, dass ich zu wenig Schlaf bekommen werde und dass mir die Müdigkeit teilweise meine geistigen Fähigkeiten rauben wird. Ich fürchte es alles. Aber es kommen auch Sachen, die sonst nirgendwo auf dieser Erde zu erleben sind.Read More »

SINGAPORE: Customer accounting for prescribed goods

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From 1 January 2019, customer accounting is applicable to a relevant supply of prescribed goods exceeding $10,000 made by a GST-registered supplier to a GST-registered customer.

The prescribed goods are mobile phones, memory cards and off-the-self software.Read More »