The German Federal Ministry of Finance (Bundesfinanzministerium, or BMF) has amended the VAT Application Guidelines following two decisions in which the Federal Fiscal Court (Bundesfinanzhof, or BFH) held that, under certain circumstances, Continue reading
How does it challenge IT, Tax Administration and tax experts?
ERP systems are often not equipped to handle the complex requirements of VAT correctly, flexibly and efficiently without extra work or manual intervention. Continue reading
Today’s tax environment is often strangely disconnected: On the one hand, tax specialists use smart phones, social media and ERP systems both privately and professionally. On the other hand, most tax functions still rely heavily on Excel spreadsheets. Continue reading
I would like to invite you to our next free of charge webinar “indirect tax Pharma & Life Science Virtual Round Table”.
During the webinar we will discuss diverse indirect tax aspects of toll manufacturing, ERP systems and congresses with tax specialist of the pharmaceutical and life science industry of PwC. Continue reading