China – New Export control Law as from 1 of Decemeber

Mid October 2020 the National People’s Congress of China passed a new export control law with a wide, extraterritorial scope and tighter control measures to safeguard national’s security interests. Items under control by this new law are dual use, military and nuclear goods, technology and services as well as items, which are subject to National Security.

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POLAND: Mandatory Split Payment as of 1 November 2019

On 19 July 2019, the changes in the Polish VAT law have been approved and published.

One of those revolutionary changes relates to the implementation of the Mandatory Split Payment Mechanism as of 1 November 2019.

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Germany – “Violations against German VAT law are not properly prosecuted” – what does it mean for 2018?

The German Federal Audit Office (“GFAO”) recently published its “Comments 2017” on the German budget of 2016. The GFAO made one really interesting statement in regards to VAT.

Violations against German VAT law are not properly prosecuted:Read More »

Switzerland – protect your reputation register as per 1 of January 2018, respectively 1 of January 2019

Swiss VAT law places new obligations on foreign companies

The partial amendment to the Federal Law on Value Added Tax (VAT law) will impact companies not established in Switzerland from 1 January 2018. Businesses which are not based in Switzerland but provide supplies vis-à-vis Switzerland may be liable to pay Swiss VAT. This will apply in instances where a foreign company generates turnover in Switzerland, in other words in cases where Switzerland is the place of supply for the purposes of VAT. The following information outlines the VAT situation in Switzerland today and in the near future.Read More »

Italy – new VAT obligations in 2017 – fight against tax evasion

PwC_fl_30mmh_cStarting from 2017, new quarterly communications of data of invoices issued and received and VAT balances will be mandatory.

Articles 4 and 5 of Law Decree dated October 22, 2016, no. 193 has introduced important changes in relation to VAT in order to strengthen the fight against evasion.Read More »

Irish company law changes

Irland_Christian Neßlinger_pixelio.deTax authorities across the Organisation for Economic Cooperation and Development (“OECD”) increasingly expect organisations to be able to confirm that tax risks are appropriately managed. Various measures are being introduced by tax authorities that aim to encourage good tax governance and the implementation of strong tax control frameworks. Read More »