Michaela Merz

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India – CBEC issues notifications for amending tax rates on specified services

CBEC issues notifications for amending tax rates on specified services

The CBEC has issued notification nos. 20-23/2017-Central Tax (Rate) dated 22 August, 2017 amending tax rates on specified services. The news alert captures the changes made in each of the notifications in detail. Continue reading

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KSA – Update on the deadline for the registration

I would like to inform you about the following changes regarding the deadline of the registration:

The registration portal will open from 28th August after which point you have a few months to register ahead of VAT launch in January 2018. Continue reading

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Transfer Pricing Perspectives

tp-perspectives-social-media-tile-1Transfer pricing is a leading risk management issue for global businesses but probably equally a source of opportunities to “set things right”.
Explore PwC’s Transfer Pricing Perspectives for more HERE.


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Lithuania – SAF-T and i.SAF (standard audit file) requirements will be introduced in Lithuania as from 1 October 2016

697791_web_r_k_by_bildpixel_pixelio-deFor tax periods starting from 1 October 2016, companies and branches of foreign companies will be obliged to submit to the Lithuanian Tax Authority‘s system “i.SAF” data on VAT invoices issued and received under its Lithuanian VAT number in a standard file (“the i.SAF file”) in XML format on the monthly basis (by the 20th day of the following month). Continue reading

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Australia – GST Treatment of Cross-Border Transactions – GST changes to B2C and B2B supplies – new exposure draft released

Treasury has released a second exposure draft legislation on the Government’s integrity measures to extend the GST to imported digital products and other services. The exposure draft also seeks comments on provisions to give effect to the announced measure relating to GST cross-border business to business transactions and the ‘connected with Australia’ rules.

Treasury has noted that as a result of feedback from consultation (including feedback from a number of international suppliers that have had experience in dealing with similar provisions in other jurisdictions), changes have been made to the content of the earlier exposure draft. This is especially in relation to the Australian Consumer test and also the operation of the intermediary provisions. Continue reading

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Australia – Goods and Services Tax threshold for imported goods

420719_web_R_by_Ulla Trampert_pixelio.deIn a speech by the Treasurer at the COSBOA National Small Business Summit on Friday (17 July 2015), it was suggested that there may be changes to the GST low-value import threshold. Specifically he stated that “Our application of GST to imported digital products is potentially going to go further following discussions with the State Treasurers in mid-August. Continue reading

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PwC Webcast: BEPS and VAT

Photo_R_RGB_SH14_D4_JA_5190.jpgI recommend our next webcast, 18 June 2015 focusing on BEPS and VAT

Topic to be presented:

Since the OECD’s Action Plan on BEPS was published in July 2013 with a view to addressing perceived flaws in international tax rules, the work under the Action Plan, backed by the G20 finance ministers, has progressed swifter than expected by many and has resulted in over 10 draft papers being published to date. Continue reading