Michaela Merz


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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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Cost impacts on warehousing in EU – changes under Unions Customs Code (UCC)


Current situationI would like to inform you about current ongoing discussions in the EU about increasing customs duty costs when companies are using customs (or bonded) warehouses*.

According to the new UCC provisions that will enter into force as of 1 May 2016, if goods are put and stored into a customs warehouse in which VAT and customs duties are suspended, it is understood that the value for declaration purposes will be the one of the sale occurring when the goods are leaving the customs warehouse. Continue reading


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Switzerland – Turnover reconciliation


The aim of the turnover reconciliation is to reconcile a business’s annual revenue and input VAT as declared in the four quarterly VAT returns to the financial statements (P&L) of the same year.

Pursuant to article 72 of the new VAT Law there is a possibility (but also an obligation) to correct errors in the VAT declaration within 180 days of the end of a tax period. This “finalisation” gives the VAT payer the opportunity Continue reading