The amended VAT law for the supply of e-services from overseas has been effective since July 1st, 2015. Foreign service providers shall apply for the simplified business registration by July 20th, 2015. The Korean tax authorities (National Tax Service (“NTS”) open the website for the application of simplified business registration.
You can reach out to the website via the LINK.
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Tag: Business
PwC Webcast: ECJ’s judgment on Larentia + Minerva
For the many businesses which have been involved in negotiations with their tax authorities concerning VAT recovery by holding companies, the ECJ’s judgment in Larentia + Minerva mbH & Co. KG (C-108/14) will be eagerly awaited. The ECJ diary indicates that the judgment will be published on Thursday 16 July 2015. What will it mean for your business? Will you be in a position to benefit and need to protect your position on time limits?Read More »
PwC Webcast: Introduction of VAT in Egypt and update on Middle East
I recommend our next webcast, 2 June 2015 focusing on – Introduction of VAT in Egypt and update on Middle East.Read More »
South Korea – VAT on electronic service provided by foreign service providers – changes as of 1 July 2015
Korea joins the group of countries which require non-established companies to register and account for on their B2C sales of electronic service into South Korea. The VAT law has recently been amended to apply VAT to the supplies of electronic services (e.g. applications, games, music, films, electronic documents, software, etc.) purchased from non-resident service providers (i.e. offshore app developers or through offshore open markets app stores).Read More »
Japan – foreign providers of electronic services are required to register for consumption tax as of 1 October 2015
The Japanese Diet which requires non-resident electronic service providers to register for Japanese consumption tax (JCT) as of 1 October 2015 passed the legislation.Read More »
New interpretation guidance of the Principal Company Taxation adopted by the Swiss Federal Tax Authorities (SFTA)
The SFTA have recently reviewed and revised the interpretation guidance which is used by the cantonal tax authorities to apply the taxation of principal companies, the rules of which are stipulated in Circular Letter number 8 published by the SFTA in 2011.Read More »
2 on the back
In the last years I listened to several of my colleagues. They are successful and well respected men, who often told me with tears in their eyes the stories of their marriages, their relationships. The stories were about women, who had informed them out of the blue that they did not want to continue living like that and that they would move out tomorrow or wished that the partner moved out as soon as possible. My colleagues were shocked and not at all prepared for such news. They did not understand the world any more. The glass cube of the relationship seemed broken and beyond repair. Read More »
Australia – tax guidance on bitcoin published on 20 August 2014
The Australian tax authority released a number of draft tax determinations and a guidance paper, in which it states that bitcoin and other cryptocurrencies are not money or foreign currency for taxation purposes. It is the view of the Australian Taxation Office that: Read More »
Events: World Wide VAT
The international VAT forum
World Wide VAT – the international VAT forum @PwC – was launched four years ago as a venue that offers you the opportunity to meet and speak with international business people dealing with indirect tax issues. It is a platform for sharing experiences and providing more insight on trends in this area.Read More »
A day in Milano
I did not want to go by train because I cannot work in the train. The flight to Milano is short, the airport clean and clearly laid out. However I am not willing to pay EUR 90 for a taxi drive to the city, the train ticket Zurich-Milano costs less. So I take the train. It is difficult to buy a ticket because of the 4 ticket machines, two don’t work. The queues are accordingly long and I miss my connection.Read More »
Michaela Merz 