Michaela Merz


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International VAT Breakfast, 20 June 2019


With the approaching summer, I would like to take the opportunity to meet you prior to the holiday season and discuss the latest developments and upcoming challenges in the ITX world.

The EU Quick fixes, i.e. measures aiming to improve the current VAT system applicable as of January 2020 will require businesses to adapt their systems and processes. We will therefore share with you the first observations collected from the various EU countries that have already released their draft legislation and discuss the practical implementation and steps required to check the readiness of your company in connection with those new rules.

As usually, we will provide you also with an overview of worldwide developments including practical experiences from recent VAT audits in Switzerland and interesting ITX news from locations, such as Bangladesh, India and China.

Prior the judiciary holidays, we will present the latest impacting cases issued by the ECJ with particular focus on the input VAT deduction right and the points of attention for businesses to secure those rights, particularly, in supply chain transactions.

Finally yet importantly, we will discuss the trade wars and the resulting increased focus on customs as with the increase in rates the duties become more important as ever. Since experience shows that businesses are often lacking the necessary controls in this area, our Customs specialists will share their insights on the future developments and present the solutions that businesses could implement to assess their actual position and identify potential saving opportunities.

Date

Thursday 20 June 2019

Costs

This event is free of charge.

Location

PwC Geneva, Avenue Giuseppe Motta 50, 1202 Genève

Speakers

  • Patricia More, Tax & Legal Services Principal – ITX, PwC Switzerland
  • Konstantina (Nadia) Tsiosta, Tax & Legal Services Manager – ITX, PwC Switzerland
  • Kristyna Kaniova, Tax & Legal Services Manager – ITX, PwC Switzerland
  • Krisztina Nagy, Tax & Legal Services Assistant Manager – ITX, PwC Switzerland

Agenda

08:00 Welcome & coffee
08:30 Introduction
08:40 VAT Outlook: EU Quick fixes & Latest ITX developments around the globe
09:00 Impacting Case Law
09:20 Customs update: Trade wars & Insights on Customs processes, management & optimization
10:00 Q&A & networking
10:30 End of the event

Find out more and register here >

Image source: unsplash.com


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France – reduction of the VAT threshold for distance sales as from 1 January 2016 suggested


On 30 September 2015 the French government presented the draft of the Finance Act for 2016. The most interesting piece seems to be reduction of  the VAT threshold for distance sales made in France by a supplier established in another EU Member State from EUR 100’000 to EUR 35’000 (article 3 of the Bill).
This needs to be confirmed as the draft will be discussed in the coming months.

For further details please contact my colleague from PwC Geneva: Patricia More / patricia.more@ch.pwc.com / +41 58 792 9507


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Jogging in the city


I am travelling a lot. Today in Geneva, tomorrow in London, on Wednesday in Zug. That may sound great but is very tiring. When one is travelling and working, one sees Big Ben, the Parliament and the Castle from the outside, when passing by, but one never has time to sit in a café, to process all the impression, to visit sights. One is driven by obligations and appointments. Continue reading