The UAE is fully committed to introducing VAT on January 1 despite calls for it to be put back by a senior banker, it was announced on Wednesday. Continue reading
In order to claim the input VAT deduction on purchases, a tax payer has to prove authenticity and integrity of the document in question, irrespective of whether it was received on paper or electronically. In the past, for electronic invoices, this required the use of an advanced electronic signature. This applied despite the free consideration of evidence, which was introduced into the VAT legislation in 2010 and states that input VAT can be deducted if the taxable person can prove that he paid the VAT. Continue reading
Beginning from Q04/2014 every taxpayer in the respective cantons of “zone 1” (Basel, Solothurn, Thurgau and Uri) has the possibility to file the VAT returns electronically.
The taxpayer will be notified about this new possibility together with the VAT return of the 4th quarter 2014.
During the testing phase every participant still has the chance to file the VAT returns by regular mail.