Michaela Merz

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International VAT Breakfast, 20 June 2019

With the approaching summer, I would like to take the opportunity to meet you prior to the holiday season and discuss the latest developments and upcoming challenges in the ITX world.

The EU Quick fixes, i.e. measures aiming to improve the current VAT system applicable as of January 2020 will require businesses to adapt their systems and processes. We will therefore share with you the first observations collected from the various EU countries that have already released their draft legislation and discuss the practical implementation and steps required to check the readiness of your company in connection with those new rules.

As usually, we will provide you also with an overview of worldwide developments including practical experiences from recent VAT audits in Switzerland and interesting ITX news from locations, such as Bangladesh, India and China.

Prior the judiciary holidays, we will present the latest impacting cases issued by the ECJ with particular focus on the input VAT deduction right and the points of attention for businesses to secure those rights, particularly, in supply chain transactions.

Finally yet importantly, we will discuss the trade wars and the resulting increased focus on customs as with the increase in rates the duties become more important as ever. Since experience shows that businesses are often lacking the necessary controls in this area, our Customs specialists will share their insights on the future developments and present the solutions that businesses could implement to assess their actual position and identify potential saving opportunities.


Thursday 20 June 2019


This event is free of charge.


PwC Geneva, Avenue Giuseppe Motta 50, 1202 Genève


  • Patricia More, Tax & Legal Services Principal – ITX, PwC Switzerland
  • Konstantina (Nadia) Tsiosta, Tax & Legal Services Manager – ITX, PwC Switzerland
  • Kristyna Kaniova, Tax & Legal Services Manager – ITX, PwC Switzerland
  • Krisztina Nagy, Tax & Legal Services Assistant Manager – ITX, PwC Switzerland


08:00 Welcome & coffee
08:30 Introduction
08:40 VAT Outlook: EU Quick fixes & Latest ITX developments around the globe
09:00 Impacting Case Law
09:20 Customs update: Trade wars & Insights on Customs processes, management & optimization
10:00 Q&A & networking
10:30 End of the event

Find out more and register here >

Image source: unsplash.com

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CHINA: Reduction of VAT rates per 1 April 2019

It was confirmed that the standard manufacturing rate of 16% will be reduced to 13%. The transport and construction rate will be reduced from 10% to 9%. The lower rates 6% and 3% will remain unchanged. There might be further changes following shortly in order to simplify the VAT system. Continue reading

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China – reduction of the VAT rate as from 1 of May 2018

The following was announced by Premier Li, during State Council meeting yesterday, Mar 28.:

Reduction in VAT rate – Manufacturing, etc. VAT rate reduce from 17% to 16%.  Transportation, construction, basis telecom, etc, VAT rate reduce from 11% to 10%. Continue reading

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B2V Reform (I) China – Opportunities and Challenges to the Real Estate and Construction Sectors

612434_web_R_B_by_Rolf Handke_pixelio.deOpportunities and Challenges to the Real Estate and Construction Sectors

In brief

On 24 March 2016, the Ministry of Finance (MoF) and the State Administration of Taxation (SAT) jointly released Caishui [2016] No. 36 on the Comprehensive Roll-out of the B2V Transformation Pilot Program (“Circular 36”), under which the real estate and the construction industry will be transformed from business tax (BT) to value-added tax (VAT) (“B2V Reform”) starting on May 1st 2016 (“expansion date”). Continue reading

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China – B2V tax system reform, changes expected as of 1st of May

730187_original_R_by_M. Hermsdorf_pixelio.deChinese Premier Li Keqiang mentioned on Saturday during the National People Congress meeting that B2V will be fully rolled out on May 1, expanding the B2V scope to construction, real estate, financial services and consumer services. Continue reading

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Taxation of the Digital Economy

I am pleased to share with you following interesting digital economy documentaions:

140606_China VAT and e-commerce

140825_Taxation of the digital economy

Please do not hesitate to contact me if you need further information.

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VAT reform in China influencing EBITDA of the Chinese telecoms operators as from 1 of June 2014

For basic telecom services such as fixed network telephone services, mobile services and voice-over internet protocol services (VOIP) and value added services such as providers of online data processing (online banking, auctions, payment processing), data storage services, internet information services, data hosting, internet access services and call centres the VAT rate of 11% and 6% respectively replaced the 3% business tax as from 1 of June 2014. The telecommunication sector is heavily regulated in China. Continue reading