India – CBEC issues FAQs for IT/ ITES sector under GST Sectoral Series of FAQs

The CBEC has issued FAQs containing 29 Questions and Answers for “IT/ ITES” sector under ‘GST Sectoral Series’.

The FAQs give clarity on various issues affecting the IT/ ITES sector and cover several topics such as classification, rate, registration requirement for SEZ units, place of supply, input tax credits (ITC), input service distribution (ISD), composite supply, export of service, cross-charge and invoicing, etc.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

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Spain – obligation to communicate with the Tax Authority by electronic means

Based on Royal Decree 1363/2010 which recently entered into force companies registered for VAT in Spain will be obliged to receive electronically notifications/communications issued by the Spanish Tax Authorities via a special and unique Electronic Address (hereinafter DEU) that will be granted by the Tax Administration to each company established or registered for VAT in Spain.Read More »