Online Event – Policy, Practise and Future Outlook: January 27 and 28, 2022


The implementation of a Global Minimum Tax around the globe continues to capture attention. Fur­ther to the release of the long-awaited model rules and a proposed EU directive, consultations have begun in several countries.

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Taiwan – New pre-clearance mechanism for e-commerce purchases


Taiwan Customs has implemented a real-name authentication mechanism since May 2020. Unlike other countries where third party logistics providers are able to import goods on behalf of customers, Taiwan Customs requires customers to be the formal importer of record (IOR). This means customers will need to declare their imports through an app called EZ WAY.

Under this mechanism, if a buyer fails to complete the authentication through the EZ WAY application or attach paper customs documents for real-name authentication, the importer will receive a “yellow flag” warning for the first violation.

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Singapore – Cessation of physical endorsement of permits


With effect from 1 February 2022, the Immigration & Checkpoints Authority (ICA) officers at the cargo checkpoints will stop manual endorsements of Cargo Clearance Permits (CCPs) to ease the cargo clearance process at the checkpoints. This applies to all conventional and containerised cargo, with the exception of:

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Philippines joins the ATA Carnetsystem


As of 8 November 2021, the Philippines is part of the ATA Carnet System after the Senate ratified the Convention on Temporary Admission through the passage of Senate Resolution 832.

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Malaysia – Budget 2022


On 29 October 2021, the Ministry of Finance (MOF) unveiled its Budget 2022. Please find highlighted the proposed amendments that relate to customs and international trade.

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Japan – lesson learnt from custom audits


On 10 November 2021, Japan Customs released its annual report on customs audits. The report covered customs audits on 715 importers conducted from July 2020 to June 2021.

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Netherlands – VAT treatment of Advance Therapy Medicinal Products


The Dutch tax authorities informed HollandBio (the interest group of biotech companies in the Netherlands) about the Dutch VAT treatment of Advanced Therapy Medicinal Products (ATMPs), such as cell and gene therapy and tissue engineered products. According to the Dutch tax authorities, Advanced Therapy Medicinal Products (ATMPs) qualify as medicines, which means that these products are subject to the reduced Dutch VAT rate of 9%. This is in line with European regulations, where ATMPs are regarded as medical products.

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Italy – e-invoicing changes as per 1.1.2022


Changes to the mandatory business-to-business (B2B) electronic invoicing (“e-invoicing”) rules for transactions carried out with foreign business partners (i.e., taxpayers that are not resident or established in Italy and that do not have an Italian VAT number) will be effective as from 1 January 2022. Thus, Esterometro will be abolished and, consequently, all cross-border invoices (export, import, intra-community, etc.) will have to be sent to SDI on a transactional basis (i.e. the scope of mandatory e-invoicing will be extended).

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Romania – new reporting obligation („SAF-T”).


A new reporting obligation will be implemented in Romania as of 2022 (i.e. the Standard Audit File for Tax („SAF-T”)). The obligation will arise for large taxpayers as of January 2022. In this respect, taxpayers should have the ERP ready for the SAF-T reporting in terms of ensuring the existence of the mandatory elements to be reported on the format requested by the tax authority as well as insert the potential missing data.

For further information or in case of any questions please contact Andreea Dereli, andreea.d.dereli@pwc.ch.

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The story of Stella – The Mystery


Stella has 13-year-old identical twins. For a long time it was not easy to tell the boys apart. It was only recently that it became obvious from their appearance and the way they dress that although they look almost identical, their characters are very different. Stella is married to David and he is a scientist who fulfils all the stereotypes of scientists. On top of that, David is mildly autistic. If he hadn’t had Stella, he would probably have starved to death. When he is researching, he forgets the whole world around him and hunger as a feeling disappears by itself after a few hours.

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