Michaela Merz

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India – GST Council temporarily extends the present system of filing of returns and export benefits for procurement of goods and recommends implementation of e-way bill scheme in a phased manner from 01 April 2018

In its 26th meeting held on 10 March 2018, the GST Council has decided to extend the present system of compliance for taxpayers for another 3 months up to June 2018, and the export benefits for procurement of goods for another 6 months up to 01 October 2018. Continue reading

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Upcoming webcast: VAT in the Gulf Cooperation Council (GCC)

I am delighted to invite you to the next in our series of Global ITX webcasts – VAT in the GCC, one month after implementation.

Date:   February 13, 2018
Time:  3:00pm – 3:30 CET (9 Eastern)

This webcast will update you on the latest VAT developments, since go live on 1 January 2018, Continue reading

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UAE – No delay to UAE’s VAT launch despite plea, says tax chief

Khaled Al Bustani, director general of the Federal Tax Authority, says VAT will start as planned on Jan 1 2018

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

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Norway – SAF-T status update

The Standard Audit File for Tax is increasingly adopted within European countries. Even if SAF-T in Norway has been subject to preparatory works and an ongoing debate since 2014, it still raises a lot of questions due to lack of information from the tax authorities. Continue reading

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Puerto Rico – Potential Repeal of VAT and R&D Credits

PwC_fl_30mmh_cThe Puerto Rico Treasury Department (PRTD) is preparing to transition to a Value Added Tax (VAT) System whose effective date has been postponed until June 1, 2016. Notwithstanding the above, the Puerto Rico House of Representatives (the House) recently proposed several bills, specifically HB 2032, HB 2838, HB 2839, and HB 2840, to eliminate the VAT System from the Puerto Rico Internal Revenue Code of 2011 (the Code), among other items. Continue reading