Michaela Merz


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CJEU ruled Bitcoin exchange services to be VAT exempt


The CJEU has delivered today its judgment in the long-awaited case on whether Bitcoin exchange services are considered to be VAT exempt services. The court has followed the earlier opinion of the Advocate Generale and confirmed that the exchange of Bitcoins into conventional currencies and vice versa in return for a exchange commission falls within the VAT exemption for transactions concerning currency, bank notes and coins used as legal tender provided by the European VAT Directive. Continue reading


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European Commission – study on alternative taxation of intra-Community (EU) supplies of goods


Aerial view of people sitting in a public area - PwC, Photo_RGB_PC_ 446.jpgOn 13 July 2015, the European Commission (EC) published a study entitled “Implementing the ‘destination principle’ to intra-EU B2B supplies of goods” (the Study) on its website.
The Study focuses on two issues involving the current VAT model: first, additional compliance costs borne by taxable persons (especially small and medium-sized enterprises) conducting cross-border trading compared to taxable persons only trading domestically; and second, the level of VAT fraud existing within the European Union. Continue reading


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CFE European Tax Report and European Professional Law Report May 2015


PwC_Swiz_Zurich_R_MB_39.jpgPlease find below link to the CFE European Tax Report and European Professional Law Report May 2015.  Read about the exciting developments within EU especially of interest to the indirect tax world following:
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USA – one stop shop for internet sales (Marketplace Fairness Act)


US legislators want to introduce a basis for a system as quick as possible, which resembles the European one stop shop system for internet sales. Foreseen is a process where the online retailers have to collect sales tax, according to the state the customer resides in. This new piece of legislation is called Marketplace Fairness Act. The proposal was submitted last week; the vote is expected this week. The White House as well as big online retailers are backing this proposal. Continue reading