Michaela Merz


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The judge – a story I was told last week


After she left school Jana studied law. Somehow she became a judge. A divorce in the morning, then an inheritance dispute, after lunch a quarrel between neighbours and to close the day another divorce.

She lived with her friend, Karl, in his large house, liked going to the cinema and the theatre, read a lot and like walking through the neighbouring wood as it got dark. They had no children. It was a good relationship, one got used to the faults and with time became tolerant towards the weaknesses of the other. 20 years passed in a flash. Continue reading


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South Korea – Internal control over financial reporting


I read shortly changes in South Korea about audit in financial reporting. I was fascinated about the increasing responsibilities and surprisingly penalties in case companies should not behave in line with the law. Whether or not we are getting step closer to full transparency and absolut correctness of reporting the future will show. Continue reading


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Spain – Intrastat System


Please be informed that Order HFP / 36/2018, of January 18, establishing certain provisions related to the Intrastat System in order to unify and adapt the national Intrastat to the EU’s regulations, entered into force on March 1, 2018. Continue reading


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Swiss VAT law changes as per 1/1/2018


The Swiss VAT law changed. From 1 January 2018 onwards, any person or business with global turnover of CHF 100’000 or more may be liable to VAT starting from the first franc of turnover in Switzerland. This means that if you want to continue doing business in Switzerland, you need to register with the tax authority.
Please find HERE the most important changes. Continue reading


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Germany – changes in customs law


Starting situation

The German customs authorities tightened the conditions for Swiss based companies to apply for a payment deferral account. In the past it was possible to apply for such an account without having to found an independent subsidiary in Germany. Continue reading


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Invitation: PwC Webinar „How do the new Swiss VAT rules affect my organisation?”


You may be aware that imminent changes in the law governing Swiss VAT (value-added tax) are set to have a major impact on businesses in both Switzerland and abroad. The main change for foreign companies relates to the VAT registration requirement: Continue reading


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Norway – SAF-T introduction probably postponed till 1 of January 2019


Referring to the last information about SAF-T, I would like to come back with an update:

The Norwegian Tax Authorities have published a new statement about the possible full implementation of the SAF-T in Norway (not only as a voluntary scheme). Continue reading