Michaela Merz


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UAE – GIBAN – paying via fund transfer


–  A GIBAN is a unique IBAN number that is given to every taxable person.

–  A taxable person can make a fund transfer from certain UAE financial institutions using the GIBAN provided by the FTA.

–  This payment method can be used for settling any outstanding VAT and Excise Tax amounts payable including tax and penalties.

 

–  This option should not be used for other payments such as Miscellaneous Payments.

for more details please click HERE.

 

Bildquelle: Makrodepecher  / pixelio.de


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Switzerland: Radio and TV fees for businesses from 1 January 2019


The Swiss people firmly rejected the ‘No Billag’ initiative on 4 March 2018. As a result, all VAT Register-listed businesses with an global turnover of more than CHF 500,000 will have to pay a business licence fee, regardless of whether or how much TV and radio they actually receive. As the fee is linked to inclusion in the VAT Register and the company’s global revenue is taken into consideration, the maximum fee of CHF 35,590 may vastly exceed the VAT incurred in Switzerland. Continue reading


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Swiss VAT refund for foreign companies


The VAT refund to foreign companies, which are not correctly VAT registered in Switzerland, enables them to facilitate transactions with their Swiss suppliers without having Swiss VAT as a final cost. The so-called VAT refund procedure ensures the refund of input VAT incurred on local expenses acquired in connection with their business. Continue reading


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Free Trade Agreement between China and Switzerland as from 1 of July 2014


The bilateral Free Trade Agreement concluded in 2013 between China and Switzerland comes into force on 1 July 2014. Switzerland will abolish all customs duties on imports of Chinese industrial goods. China is abolishing or reducing the large majority of its customs duties on imported Swiss industrial goods, in whole or in part, Continue reading