Austria – statute of limitation

Due to COVID-19, the Austrian tax authorities have granted very generous deferrals of payments for all types of taxation. So far, tax payments that were booked on the tax account until the end of September, are generally deferred until 15 January 2021.

Due to the ongoing economic disruption and the expected inability to balance the tax liability by that date, the rules are amended as follows:

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Crypto – what did you always wanted to know about taxation of cryptocurrencies?

Indirect Tax

Governments with a VAT/GST regime in place would typically consider cryptocurrency and related transactions to be within that taxing regime.

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PwC – 5. Schweizer MWST-Tagung – Dieses Jahr virtuell

Sehr geehrte Leser und Leserinnen

Die Mehrwertsteuer ist im steten Wandel und wird immer transparenter.

Für Sie als Entscheidungsträger wird es immer schwieriger, all die gesetzlichen und behördlichen Vorgaben / Neuerungen effizient und kostengünstig einzuhalten. Dazu kommt die aktuelle COVID-19-Situation, welche umsatzsteuerliche Herausforderungen mit sich bringt, die es zu meistern gilt. Gleichzeitig spielt Industrie 4.0, die umfassende Digitalisierung der industriellen Produktion, die den absehbaren Wandel herbeiführt, aber auch neue Chancen zur Prozessoptimierung bietet, eine immer wichtigere Rolle.

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Commodity Trading tax webcast on Thursday, 12. November 2020 at 4pm CET

Stay up to date on Tax developments relevant for the Commodity Trading industry

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EU – VAT treatment of telecom/mobile services. – non EU telecom providers maybe facing new VAT obligations – Case C 593/19

On 22 October 2020, an opinion of the Advocate General (AG) has been published in the case SK Telecom Co. Ltd. Vs  Finanzamt Graz-Stadt (Case C‑593/19). This case concerns the use and/or enjoyment rules for VAT in case of roaming services in a EU Member State.

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Switzerland – US contribution to the tax base in Switzerland

In response to the corona crisis, the US passed the Coronavirus Aid; relief and Economic Security Act (CARES ).

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Ecuador – VAT due on digital imports from 16 September 2020

Ecuador has announced that effective 16 September 2020, digital services supplied to local consumers will be liable to 12% local VAT, and that non-resident suppliers of such services will be liable to register and account for local VAT, or have the VAT withheld by payment service providers.

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India – Tax News Alert – Central Government amends E-assessment Scheme, 2019 to conduct faceless assessments

The Prime Minister (PM) launched a platform for “Transparent Taxation – Honouring the Honest.” The tax system aims at being Seamless, Painless and Faceless with three pillars under consideration: (a) Faceless Assessment, (b) Faceless Appeals, and (c) Taxpayers’ charter, with faceless assessment and taxpayers’ charter coming into force from 13 August 2020, and faceless appeals to be available from 25 September 2020.

Please click here to read the full News Alert.

Steuerkonferenz 2020 des Instituts für Finanzdienstleistungen Zug IFZ

Die Konferenz ist aktuellen und praxisrelevanten Themen im Bereich des Unternehmenssteuerrechts sowie dem Wealth Management gewidmet. Insbesondere werden nachstehende Themen diskutiert und analysiert:

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India – National Anti-Profiteering Authority holds a multiplex owner guilty of profiteering in view of the reduction in GST rate

Recently, the National Anti-Profiteering Authority (NAA) held a multiplex owner guilty of profiteering under section 171 of the Central Goods and Service Tax Act, 2017 (CGST Act). The NAA has upheld the allegations of the Directorate General of Anti-profiteering (DGAP) that post reduction in the rate of GST from 28% to 18%, the taxpayer had increased the base price while maintaining the same selling price for the services rendered.

Please click here to read the full News Alert.

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