New Zealand – Registration obligation as from 1 of December for foreign suppliers


New Zealand has adopted a law that will require offshore sellers, electronic marketplaces and redeliverers to register and account for 15% GST on: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 »

EU Law – case law searching engine


ejustice_logoIt has recently become possible to search online in over 4 million national and European decisions which have a European Case Law Identifier (ECLI).

The European Case Law Identifier (ECLI) is a human readable and computer processable code that can – in principle – be assigned to every judicial decision from every national or European court. Its aim is to facilitate unequivocal citation of judgments and to improve cross-border accessibility of case law.Read More »

South Korea – change in the law for the supply of e-services as from 1 of July 2015


234936_web_R_K_by_Jasper J. Carton_pixelio.deThe amended VAT law for the supply of e-services from overseas has been effective since July 1st, 2015.  Foreign service providers shall apply for the simplified business registration by July 20th, 2015. The Korean tax authorities (National Tax Service (“NTS”) open the website for the application of simplified business registration.

You can reach out to the website via the LINK.

Read More »

CFE European Tax Report and European Professional Law Report May 2015


PwC_Swiz_Zurich_R_MB_39.jpgPlease find below link to the CFE European Tax Report and European Professional Law Report May 2015.  Read about the exciting developments within EU especially of interest to the indirect tax world following:
Read More »

South Korea – VAT on electronic service provided by foreign service providers – changes as of 1 July 2015


234936_web_R_K_by_Jasper J. Carton_pixelio.deKorea joins the group of countries which require non-established companies to register and account for on their B2C sales of electronic service into South Korea. The VAT law has recently been amended to apply VAT to the supplies of electronic services (e.g. applications, games, music, films, electronic documents, software, etc.) purchased from non-resident service providers (i.e. offshore app developers or through offshore open markets app stores).Read More »

PwC Webcast: Indirect Tax Policy in a Global Economy – 18 May 2015


PwC_PC_France_Paris_MB_081.jpgI recommend our next webcast focusing on Indirect Tax Policy in a Global Economy.Read More »

USA – tax regulation of bitcoins and other crypto currencies


IRS (internal revenue service), the US tax authority, published this year (March 25, 2014) a clear guidance (Notice 2014-21) on how the tax principles apply to transactions involving bitcoins and other crypto currencies. It is not a new law but just an interpretation of how the existing law should be applied to the new technology. It describes how Bitcoin and other crypto currencies transactions should be taxed. Read More »

Switzerland – Turnover reconciliation


The aim of the turnover reconciliation is to reconcile a business’s annual revenue and input VAT as declared in the four quarterly VAT returns to the financial statements (P&L) of the same year.

Pursuant to article 72 of the new VAT Law there is a possibility (but also an obligation) to correct errors in the VAT declaration within 180 days of the end of a tax period. This “finalisation” gives the VAT payer the opportunityRead More »

Supply of electronic services within the EU as from 2015


Under the current EU law suppliers, who are not established within the EU, providing electronic services to non VAT registered customers (BtoC), have to account and pay VAT at the VAT rate of the member state in which the service recipient is domiciled. As from 2015 this rule will also apply to suppliers established within the EU which until 2015 can apply the VAT rate of the member state of their establishment.Read More »