The discussion about immigration in Switzerland shows its first effects. Until 1 April 2015 no more working permit quotas are available for assignees from EU/EFTA countries for the first quarter 2015. As a consequence it will not be possible to obtain new work permits until 1 April 2015 for periods of more than four months/120 days for any EU nationals assigned to Switzerland as part of an Read More »
Tag: EU
European Commission publishes study on application and impact of optional reverse charge mechanism within EU VAT system
On 23 December 2014, the European Commission has published online a study entitled “Assessment of the application and impact of the optional ‘Reverse Charge Mechanism’ within the EU VAT system” (the Study).
EU VAT Rates as from 1 of January 2015
Incompleteness of VIES – good to know
VIES is an electronic tool for transmitting information relating to VAT registrations (= validity of VAT numbers) of companies registered in the EU. Furthermore, information relating to (tax exempt) intra-Community supplies between Member States’ administrations is also transmitted via VIES. For details see link below:Read More »
Czech Virtual Currency – Another Distribution step
The Czech virtual currency, Czech Crown Coin (officially named by the authors “CZC”) which started the distribution of the pre-mined CZC in August 2014, is distributing a next set of 100.000 CZC to the first 1.000 EU based individuals who have registered and obtained the so called “myID” via the official website of CZC. This should increase the amount of CZC in the circulation as well as to support its usage and importance on the global level. Read More »
Hungary – Creative taxation: Internet Tax proposed
Earlier this week the Hungarian government submitted its proposed tax bill for 2015. One of the most interesting changes is the proposed introduction of the “Internet tax” that will be imposed on Internet service providers at a rate of HUF 150 (approx. USD 0.60) for every gigabyte of data or part thereof. By way of example, downloading a movie in HD quality (8.5 GB) would attract a tax charge of approx. USD 5 or the download of a 6GB game would have an additional cost of approx. USD 4 according to the original version of the proposal. You may expect that providers will try to recharge this cost to their customers, which makes surfing even more expensive.Read More »
CJEU: Services supplied by a non-EU headquarters to its EU branches are subject to VAT
I would like to share with you the latest news on a CJEU decision:
Services supplied by a non-EU headquarters to its EU branches are subject to VAT
The Court of Justice of the European Union (CJEU) recently handed down a controversial decision in a significant case on whether VAT is chargeable on the recharge of the costs incurred by a non-EU headquarters to an EU branch which is a part of a VAT group.
For further details please click here
Italy EU Presidency priorities for the period 1 of July to 31 of December 2014
Italy took over EU Council Presidency on 1 July 2014 for the following 6 months. Italy’s Prime Minister Matteo Renzi presented Italy’s priorities to the new Members of the EU Parliament and the formal programme has now been released.
In the area of indirect taxation, the Italian Presidency willRead More »
Guidelines on the audit of the VAT Mini One Stop shop
The EU Commission published additional guidelines on the audit of the VAT Mini One Stop Shop. These additional MOSS guidelines are available on the EU Commission’s website (Link).
The guidelines include additional information about how to contact taxable persons as part of an VAT audit and the method businesses should use to provide the information required by an audit. Read More »
Mini One Stop Shop (MOSS) as from 1.1.2015
The Mini One Stop Shop is an optional scheme which comes into force on 1.1.2015. It will allow taxable persons providing electronically supplied and telecommunication services, television and radio broadcasting to non-taxable persons in Member States in which they do not have an establishment to account for the VAT due via a web portal in the Member State where they are registered. Read More »
Michaela Merz 