EU – interim tax of 3% on certain “digital” revenue planned

EU commission presented today new proposal how the income from digital activity should be taxed fairly.

“The tax will apply to revenues created from activities where users play a major role in value creation and which are the hardest to capture with current tax rules, such as those revenues:Read More »

EU: Commission publishes updated version of MOSS report

This report provides information on national rules applied in Member States for the use of the mini one-stop shop (MOSS).Read More »

Switzerland – No more work permit quotas available for assignees from EU/EFTA member states

Kappelbrücke_04.jpgLucerne, SwitzerlandCorinne Kramer - PwC staffBridge in Lucerne (Kappellbrücke) - PwCThe discussion about immigration in Switzerland shows its first effects. Until 1 April 2015 no more working permit quotas are available for assignees from EU/EFTA countries for the first quarter 2015. As a consequence it will not be possible to obtain new work permits until 1 April 2015  for periods of more than four months/120 days for any EU nationals assigned to Switzerland as part of an Read More »

European Commission publishes study on application and impact of optional reverse charge mechanism within EU VAT system

People walking outside an office building - PwC, Photo_RGB_PC_ 395.jpgOn 23 December 2014, the European Commission has published online a study entitled “Assessment of the application and impact of the optional ‘Reverse Charge Mechanism’ within the EU VAT system” (the Study).

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Standard EU VAT Return: Easing life for businesses and improving tax compliance

A new standard VAT return, which can cut costs for EU businesses by up to €15 billion a year, has been proposed by the Commission on 23 October. The proposal still needs to be adopted by the Member States, and if everything goes well will go live on 1 January 2017.Read More »

Commission publishes summary of reduced rates consultation

The European Commission has published a summary report on its public consultation with regards to reduced VAT rates. One of the most critical issues seems to be the current application of reduced VAT rates to e-books in some Member States, compared to number of other Member States that apply standard rates. This different VAT treatment results in distortion of competition between Member States. Read More »