Please be informed that Order HFP / 36/2018, of January 18, establishing certain provisions related to the Intrastat System in order to unify and adapt the national Intrastat to the EU’s regulations, entered into force on March 1, 2018.Read More »
Tag: Goods
Romania – VAT split payment as per 1 of October respectively 1 of January 2018
What is the VAT split payment system?
The new VAT split payment system requires all VAT payers (including non-residents registered for VAT purposes in Romania) to use a bank account dedicated to all VAT-related incoming and outgoing amounts (for transactions carried out on the Ro territory) in respect of all their VAT-bearing transactions. Read More »
Poland – new reporting obligation – transportation package
I would like to inform you about law on a monitoring system of a road transportation of goods (so called “transportation package”) that was introduced in Poland.
Transportation package concerns companies taking part in certain transactions and providing specific services. Read More »
OECD Model Tax Convention – update 2017
Countries have recognised the need to improve administrative co-operation in tax matters, notably through exchange of information and assistance in collection of taxes, for the purpose of preventing tax evasion and avoidance. Read More »
India – Government issues draft rules for accounts and records, appeals and revision, and advance ruling
The Central Government has issued draft rules for accounts and records, appeals and revision, and advance ruling. This is in addition to rules issued earlier for comments from the stakeholder. With this, the Government has issued most of the rules for the Goods and Services Tax regime.
Please click HERE to read the full News Alert.
Bildquelle: Rosel Eckstein / pixelio.de
Poland: new road transport monitoring obligation
Act from 9th March 2017
The new Polish Act regarding the road transport monitoring was announced in the Polish Journal of Laws on 3rd April 2017, however the effective date of the abovementioned Act is 1st May 2017. The Act is primarily designed to seal the VAT system, thus marginalizing the financial benefits of the “grey area”. Read More »
Germany – decision by the German Supreme Tax Court according to which supplies carried out via call-off stocks may under certain conditions be considered as direct supplies
Federal Fiscal Court rejects tax authority opinion about VAT treatment of call-off stocks
In Brief
Many subcontractors – particularly those in the automotive industry – supply their goods and materials by means of so-called call-off stock. If the stock is supplied from another EU member state, the German tax authorities generally treat the corresponding movement of the goods as intra-Community transfer followed by a domestic supply of goods. Read More »
Brasil – IPI on resale of imported products
As a general rule, IPI, Brazilian equivalent of Excise Tax, is imposed on imports of goods. Importers of records similar to producers are required to collect IPI on resale of imported products.
This taxation of resale of imported products for IPI purposes became a controversial matter in Brazil, as many companies started to litigate, arguing that IPI should not be imposed on such resale Transactions.Read More »
Denmark: VAT reverse – charge for IT goods from 1 July 2014
From 1 July 2014 onwards, businesses involved in supplying certain IT hardware as well as mobile devices (e.g. mobile phones, game consoles, tablet computers, laptops,) in Denmark will no longer be obliged to charge Danish VAT on their invoices to other businesses.
Details and background of the new rule
Malaysia – Goods and Services Tax Bill 2014
Further to the Prime Minister’s announcement on 25 October 2013, the Goods and Services Tax Bill 2014 (“the 2014 Bill”) was tabled in Parliament on 31 March 2014.
This issue of TaXavvy will consider some of the key changes set out in the 2014 Bill compared to the Goods and Services Tax Bill 2009 (“the 2009 Bill”).
For further details please follow the links below:
Michaela Merz 