Michaela Merz


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Denmark: VAT reverse – charge for IT goods from 1 July 2014


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.

Details and background of the new rule

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VAT reform in China influencing EBITDA of the Chinese telecoms operators as from 1 of June 2014


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. Continue reading


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Free Trade Agreement between China and Switzerland as from 1 of July 2014


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, Continue reading


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Italy – Web Tax legislation as from 1 of July 2014


The Italian Parliament approved on December 23, 2013, the Finance Law for 2014 (so called “Legge di Stabilità” – no. 147/2013). Such a law has provided for the set up of the so called “web tax”.

At a first stage, the web tax should have been both for VAT and corporation income tax perspectives. The VAT aspects of the web tax has now been repealed (please see below).  Continue reading


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A new double tax treaty (DTT) between Bulgaria and Switzerland into force as of 1 January 2014


A new double tax treaty (DTT) between Bulgaria and Switzerland was ratified by the parliaments of both countries and will enter into force as of 1 January 2014. New rules on exchange of information and lower tax rates are introduced.

Swiss Double Tax Treaty


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Austria – Electronic invoices in some cases mandatory as from 1 of January 2014


As of 1 January 2014, invoices for supplies to federal offices have to be sent electronically (Directive 2010/45/EC). Paper invoices will only be accepted in case of cash payment. The Austrian Ministry of Finance expects from this change from paper invoices to electronic invoices less administrative work and optimised invoice processing. Continue reading


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Poland – VAT changes as from 1 of January 2014


Time limit for issuing invoices
Based on current rules, invoices must be issued within seven days of the date of delivery of the goods/rendering of the service. According to the new rules, suppliers are obliged to issue invoices until the 15th calendar day of the month following the supply. Certain exceptions to this rule allow for a deadline of thirty, Continue reading