Tag: revenue

Switzerland – Turnover reconciliation

Michaela MerzLeave a comment

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 »

Recovery of GST in New Zealand possible for non-resident businesses as from 1 April 2014

Michaela MerzLeave a comment

Currently, only non-residents who make taxable supplies in New Zealand are able to claim GST on their costs. As from 1 April 2014 non-residents who do not make taxable supplies in New Zealand will be able to register for GST under a special regime and to recover local GST.

In order to register under the new regime, the non-resident must:Read More »