Amendment of the Czech VAT Act should be valid as from 1 January 2015. The draft of the amendment is currently discussed in the second reading in The Chamber of Deputies. The list of the commodities that should be subject to local reverse charge will be governed by the governmental decree and is also currently under discussion.
Tag: 2015
Hungary – Creative taxation: Internet Tax proposed
Earlier this week the Hungarian government submitted its proposed tax bill for 2015. One of the most interesting changes is the proposed introduction of the “Internet tax” that will be imposed on Internet service providers at a rate of HUF 150 (approx. USD 0.60) for every gigabyte of data or part thereof. By way of example, downloading a movie in HD quality (8.5 GB) would attract a tax charge of approx. USD 5 or the download of a 6GB game would have an additional cost of approx. USD 4 according to the original version of the proposal. You may expect that providers will try to recharge this cost to their customers, which makes surfing even more expensive.Read More »
Mini One Stop Shop (MOSS) as from 1.1.2015
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 »
Malaysia – GST 1 of January 2015
Please find attached a tentative draft GST Return and completion guidelines:
Malaysia – introduction of GST on 1 of April 2015 at the rate of 6%
The Malaysian Prime Minister has announced that GST will be implemented in Malaysia on 1 April 2015 at the rate of 6% in his budget speech. The threshold for mandatory registration will be RM 500,000.
Income Tax rate will be reduced between 1 % to 3 %, effective from assessment year 2015. Corporate Tax rate will be reduced by 1% from 25% to 24% (SME rate from 20% to 19%) effective from assessment year 2016.Read More »
Telecommunications, broadcasting & electronic services
Supply of electronic services within the EU as from 2015
Under the current EU law suppliers, who are not established within the EU, providing electronic services to non VAT registered customers (BtoC), have to account and pay VAT at the VAT rate of the member state in which the service recipient is domiciled. As from 2015 this rule will also apply to suppliers established within the EU which until 2015 can apply the VAT rate of the member state of their establishment.Read More »
Luxembourg – increase of VAT rate as from 2015
The Prime Minister announced in his speech on 10 of April 2013 that Luxembourg intends to increase the current standard VAT rate of 15% as from 2015. Which means no increase of VAT this and next calendar year. It was also indicated that the standard VAT rate would remain the lowest in Europe. This would mean that the rate might increase from 15% to 18% at most, as Cyprus and Malta currently have the second lowest VAT rate within the EU of 18%.
Live webcast: What do the 2015 VAT changes to ecommerce, telecoms and broadcasting mean to you?
28 January 2013
Do you sell services to consumers? Are they electronically supplied? Are your customers in the EU? Are you ready for the B2C VAT changes?
Webcast details – how to attend
We will be live from 11:00 (GMT) on Monday 28 January 2013 .
Michaela Merz 