Michaela Merz

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Poland – Split payment – what should you know before it goes live on 1 July 2018

General information

To ensure greater stability of VAT revenue as well as to prevent VAT avoidance, Polish Ministry of Finance is going to introduce a split payment mechanism. Based on the recent project, split payment is assumed to be implemented as of 1 July 2018 in Poland. Continue reading

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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: Continue reading

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Norway – SAF-T introduction probably postponed till 1 of January 2019

Referring to the last information about SAF-T, I would like to come back with an update:

The Norwegian Tax Authorities have published a new statement about the possible full implementation of the SAF-T in Norway (not only as a voluntary scheme). Continue reading

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Poland – Introduction of split payment mechanism as per 1 of April 2018

I would like to thank Wojciech Śliż, Director Ministry of Finance, for discussion and information in connection with this topic.

In order to decline the VAT Gap the Polish government adopted split payment mechanism (SPM) on September 19 and sent it to the Polish parliament. Continue reading

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President of the UAE isues the new Tax Procedures Law – will you be ready?

On 31 July 2017, the President of the United Arab Emirates – His Highness Sheikh Khalifa bin Zayed Al Nahyan, has issued the new Tax Procedures Law (Federal Law No. 7 of 2017) (“TPL”). The TPL sets out the foundations for the impending UAE tax regime and aims to regulate taxpayer rights and obligations, administration and collection of taxes, and defines the role of the Federal Tax Authority (FTA). The TPL will come into force 30 days from the date of its publication. Continue reading

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Italy: VAT Warehousing – pending decree issued

VAT warehouses: according to the Ministerial Decree dated 23 February 2017 financial guarantee is due upon certain conditions

Abstract: in the Official Gazette dated 17 March 2017 it has been published the text of the Decree of the Ministry of Finance, which clarified relevant contents, practicalities and formalities regarding financial guarantee for withdrawal of goods introduced into a VAT warehouse from non-EU, as well as relevant exemptions. Continue reading

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Russia – VAT treatment of agent’s finder’s fee

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The Russian Ministry of Finance issued Letter No. 03-07-08/62571 confirming that the VAT treatment of client search services rendered by a Russian supplier to a non-resident company under an agency agreement is considered to have the place of supply where the service has been provided (Russia), and should be therefore subject to Russian VAT. Continue reading