Michaela Merz


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Hungary – real time reporting – how to do it efficiently with online reporting tool


As of 1 July 2018 all taxpayers are required to report to the Hungarian tax authority certain data regarding invoices that are issued by invoicing software and have a VAT content of at least HUF 100,000. Such reports will have to be made electronically, through an online connection, using a specific XML file format. Continue reading


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KSA: The Value Added Tax (VAT) Law has been published in the official gazette


In brief

The Value Added Tax (VAT) law was published in KSA’s official gazette (UM AL-QURA) in its issue number 4681 dated 28 July 2017.

The VAT law indicates that VAT will enter into force from the start of the fiscal year following the date of its publication in the official Gazette, i.e. 1/1/2018. Continue reading


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Indirect Tax Policy Developments – Where are we heading


PwC_Rep_USA_SF_JFB_0040.jpgI would like to inform you about our next event in the popular series of global ITX webinars regarding indirect tax policy developments in the EU.

This time, the focus will be on the EU Commission’s new VAT strategy to be published only a day before the webcast, so it will be a real hot topic! Continue reading


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Spain – new compliance system as from 1 of January 2017


According to the wording of the draft bill version the new VAT compliance system will be compulsory as from January 1st 2017.

The main features of this new VAT compliance system, according to the wording of the existing draft legislation, are as follows:

It is a new VAT compliance system that consists of bookkeeping of the VAT ledgers through the electronic site of the Spanish Tax Authorities –STA- (“Agencia Estatal de Administración Tributaria”). Continue reading


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New Zealand – Taxing by the megabyte – proposed changes to the GST treatment of the digital economy


People walking in a plaza/square - PwC, Photo_RGB_PC_ 442.jpgAs widely anticipated, the Government of New Zealand has released a discussion document on the GST treatment of digital products and other services purchased online by New Zealand consumers. The analysis in the discussion document is based on the OECD guidelines for applying GST to cross-border services and intangibles (e.g. music, movie, and game downloads). Continue reading