The COVID-19 pandemic has created major challenges for business. Every company is looking for ways to negotiate the crisis in the best possible way. The Austrian government and authorities will be announcing measures on an ongoing basis which are intended to support businesses in this regard.
During this 3-day seminar you and other top international indirect tax specialists will discuss the VAT implications of a wide range of topical issues, including the measures recently implemented or soon to be implemented across the EU.
You will be brought fully up-to-date with all the important developments in your field and can be assured of in-depth discussions with prestigious international speakers.
The seminar will be held from Wednesday 25 – Friday 27 September 2019.Read More »
SAF-T will most likely be mandatory from 1 January 2020 in Norway. According to the SAF-T rules, the Tax Authorities may ask for the general ledger and the customer and supplier specifications (sub ledgers) to be provided in a specific xml format.
The required documentation shall be delivered through www.altinn.no (public portal for exchange of information).Read More »
Did you know that in just 11 days time Hungarian Real Time Invoice Reporting goes live?
From 1 July 2018 VAT registered businesses in Hungary will be required to immediately report any B2B domestic sales invoices they raise of at least 100,000 HUF (300 EUR) to the tax authorities. Read More »
The Advocate General (AG) has opined that the principles of EU law do not preclude national legislation from assessing a taxpayer, who is presumed to have under-declared VAT, for unpaid VAT by means of estimating that taxpayer’s likely revenues based on studies of comparable taxpayers within the same economic sector. However, the national courts must ensure that principles of law, such as the right to challenge the basis of assessment, are respected (Fontana (C-649/16)).Read More »
How can VATwatch help you manage VAT risk and gain valuable business insight?
What’s the problem?
Being in control of your VAT data is becoming more crucial than ever. Read More »
Background
Section 67 of the Finance Act, 1994 (the FA, 1994) deals with the valuation of taxable services for the purpose of levy of service tax. Further, the Service Tax (Determination of Value) Rules, 2006 (the Rules) were also issued, to specify inclusion or exclusion of various amounts in the value of taxable services. Read More »
The tax authorities have always disputed the claim of post-sale trade discounts (cash or quantity discounts) claimed by the taxpayers on the ground that the said discounts were not linked to any sale invoices. Hence, claim of deduction towards such discounts from the sales turnover were disallowed. Read More »
Effective assessment and monitoring of risks associated with business partners
Carousel frauds have recently become a hot topic in Eastern Europe. Tax authorities investigate hundreds of cases and suspicious schemes also based on information received from the VAT control statements. Read More »
I would like to draw your attention to our first VAT Compliance Fair , which will take place on February 21, in Zurich.
As businesses, we’re living in a world, which is becoming increasingly globalised, with the adoption of more and more VAT and other indirect taxes. Tax authorities are requesting more detailed transactional information than ever before – and more quickly. Read More »
PwC Switzerland ITX
Michaela Merz 