Michaela Merz


Leave a comment

Hungary – 11 days to go with real time reporting


Did you know that in just 11 days time Hungarian Real Time Invoice Reporting goes live?

From 1 July 2018 VAT registered businesses in Hungary will be required to immediately report any B2B domestic sales invoices they raise of at least 100,000 HUF (300 EUR) to the tax authorities. Continue reading


Leave a comment

South African electronically supplied services – Webcast recording now available


South Africa has proposed extensive reforms for electronic services supplies (“ESS”) which were announced in the draft electronic services Regulation on 21 February 2018. A recorded version of the Webcast is now available on our Webcast page. Continue reading


Leave a comment

PwC’s global indirect tax webcast: mandatory e-invoicing in Italy


I am delighted to invite you to the next in the series of PwC Global indirect tax webcasts on mandatory e-invoicing in Italy.

Date:      27 March 2018
Time:      3pm to 3:30pm CET

Starting from 1 January 2019, electronic invoicing will be compulsory for all B2B transactions carried in Italy by Italian VAT registered, established and resident entities. Continue reading


Leave a comment

Norway – Installation lead to VAT registration obligation – current court decision


We experience that foreign Entrepreneurs believe that VAT in Norway on supplies of goods with installation can be handled by B2B customer on a reverse charge basis, similar to the VAT treatment in most EU countries. Sadly, since Norway is not a member of the EU, the reverse charge mechanism is not applicable, and the supplier will in most cases be obliged to register for VAT in Norway and charge Norwegian VAT to its customer. Continue reading


Leave a comment

EU – public consultation on reform of VAT rates policy, small enterprise and definitive VAT System for B2B intra-EU transactions in goods


539368_web_r_by_wandersmann_pixelio-deAs you know the European Commission published three VAT-related consultations at the end of last year to prepare its work for the upcoming year. Each of the three consultations relates to a specific set of reforms already announced in the European Commission’s VAT Action Plan earlier this year. The three consultations relate to: Continue reading


1 Comment

Hungary – changes in 2017


427619_web_r_k_b_by_lars-paege_pixelio-deThere is number of changes which you need to know in case you are registered for VAT purposes in Hungary.

I.) VAT ID of the customer on the invoice

The new regulation of the Hungarian VAT Act, effective from 1 January 2017, obliges taxpayers to indicate the first 8 digits of HU VAT ID of the customer on their domestic sales invoices as well, if the VAT of the invoice reaches or exceeds HUF 100,000 (approx. EUR 320), and if the taxpayer providing the services/selling the goods is established in Hungary. Continue reading


Leave a comment

India – electronic services – new place of supply as from 1 of December 2016


oidarBackground

The Central Government of India amended the service tax law in relation to the provision of electronic services to include services that are provided by a service provider located outside India to a service recipient located in India. Place of supply of electronic services has changes as from 1 of December 2017. The ‘place of provision’ of electronic services has changed from ‘location of service provider’ to ‘location of service recipient’. Continue reading