Tag: tax

Netherlands – VAT treatment of Advance Therapy Medicinal Products

Michaela MerzLeave a comment

The Dutch tax authorities informed HollandBio (the interest group of biotech companies in the Netherlands) about the Dutch VAT treatment of Advanced Therapy Medicinal Products (ATMPs), such as cell and gene therapy and tissue engineered products. According to the Dutch tax authorities, Advanced Therapy Medicinal Products (ATMPs) qualify as medicines, which means that these products are subject to the reduced Dutch VAT rate of 9%. This is in line with European regulations, where ATMPs are regarded as medical products.

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Italy – plastic packaging tax as per 1 of January 2021

Michaela MerzLeave a comment

I would like to share with you further information regarding the plastic packaging tax to be introduced in Italy presumably in January 2022.

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Spain – New Plastic Tax expected as of January, 1 2021

Michaela MerzLeave a comment

The new Plastic Tax is an environmental and indirect tax, which will be levied to private or legal persons that manufacture, import or acquire from another EU state non-reusable plastic packaging to be used on the Spanish market.

Non-reusable plastic packaging includes the one designed to contain, protect, manipulate, distribute and present merchandise containing plastic.

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Italy – e-invoicing changes as per 1.1.2022

Michaela MerzLeave a comment

Changes to the mandatory business-to-business (B2B) electronic invoicing (“e-invoicing”) rules for transactions carried out with foreign business partners (i.e., taxpayers that are not resident or established in Italy and that do not have an Italian VAT number) will be effective as from 1 January 2022. Thus, Esterometro will be abolished and, consequently, all cross-border invoices (export, import, intra-community, etc.) will have to be sent to SDI on a transactional basis (i.e. the scope of mandatory e-invoicing will be extended).

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Romania – new reporting obligation („SAF-T”).

Michaela MerzLeave a comment

A new reporting obligation will be implemented in Romania as of 2022 (i.e. the Standard Audit File for Tax („SAF-T”)). The obligation will arise for large taxpayers as of January 2022. In this respect, taxpayers should have the ERP ready for the SAF-T reporting in terms of ensuring the existence of the mandatory elements to be reported on the format requested by the tax authority as well as insert the potential missing data.

For further information or in case of any questions please contact Andreea Dereli, andreea.d.dereli@pwc.ch.

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Great Britain – Plastic Packaging Tax (PPT)

Michaela MerzLeave a comment

The plastic packaging tax (PPT) will come into effect in the UK on 1 April 2022. This means that for any business that imports into the UK, or manufactures in the UK, plastic packaging or products contained in plastic packaging will be liable to register for PPT and pay any tax due if they exceed the threshold of 10 tons of plastic packaging per annum.

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Japan – PwC Webcast on ‘Qualified Invoice Retention System’

Michaela MerzLeave a comment

As previously reported, Japan will introduce a new qualified invoice regime for Japanese Consumption Tax (JCT) with effect from 1 October 2023. The new system will align the JCT regime more closely with European-style VAT regimes, and in order to claim input tax credit, the purchaser will be required to retain ‘qualified invoices’ issued by ‘qualified invoice issuers’. This change will greatly impact not only companies conducting their business physically within Japan, but also foreign companies providing digital services to customers in Japan.

Please see below for further details of the new system, along with a link to a short webcast which highlights some key points that taxpayers should be particularly mindful of. The webcast (available from 12 July 2021 to 11 July 2022) also identifies certain practical issues that may arise, and is a starting point for taxpayers looking to plan their transition to the new invoice system.

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Webinar: E- COMMERCE – DO WHAT YOU DO BEST AND OUTSOURCE THE REST! on Thursday, 10th June 2021 13:00-14:00 CET

Michaela MerzLeave a comment

Covid lockdown brought us shopping over internet only, extensive growth number of retail eshops for various kind of product and services. The share of e-shops in retail sales is currently 13,5%. Customers expectations of quality and speed of deliveries are increasing, the complexity of the logistic, order fulfilment etc is becoming more and more demanding.

The company internally created e-shop becomes a complicated project and needs to be managed well. Outsourcing can be a valuable solution.

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India – Supreme Court decision taxation of software payments

Michaela MerzLeave a comment

Recently, the  Supreme Court1 has held that the amounts paid to the non-resident software suppliers, which do not create any right or interest with the distributor/ end-user for use of or right to use any copyright are not royalty under the Double Tax Avoidance Agreement(s) (DTAA). Therefore, the Indian payers were not liable to deduct tax at source (TAS) under section 195 of the Income-tax Act, 1961 (the Act).

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Global Automotive Tax Guide 2020

Michaela MerzLeave a comment


It is a great pleasure to present you the PwC 2020 Global Automotive Tax Guide. The Guide provides a unique oversight of tax aspects related to the use of cars in 43 of the world’s most relevant car markets.

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