Michaela Merz


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TP – The OECD released a final paper on Financial Transactions Transfer Pricing


The OECD published a new chapter of the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Authorities (“the OECD Guidelines”). The new chapter provides guidance on the transfer pricing for loans, guarantees, cash pools, hedging and captive insurance transactions.

The new chapter is the first OECD guidance on transfer pricing for financial transactions issued in final form and will be the main reference point for pricing and auditing related party financial transactions in most countries going forwards.

Loan, guarantee and cash pool policies that Swiss groups apply across their international operations should be reviewed and updated to ensure compliance with the new guidance.

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What indirect tax experts earns around the world – BLT's Indirect Tax Market Report 2020


I am delighted to share BLT’s latest Indirect Tax Market Report & Salary Survey 2020. I do hope you find the attached Report a fascinating read.

Please find the Report here.

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Poland – Introduction of the White List of VAT Taxpayers as from 1 of January 2020 (Biala Lista Podatnikow)


It seems that not all taxpayers may be aware of possible consequences in connection with recent legislative changes in Poland. Please find below high level summary and consequences that the White List of Taxpayers brings as from 1 January 2020. Continue reading


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China – changes in VAT legislation expected shortly


A draft of the first VAT law in China’s history has been released by the Ministry of Finance and the State Taxation Administration on 27 November for public comments.  Although VAT was implemented in 1994, currently it is still governed under the Provisional Regulations. Continue reading


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Incoterms (INternational COmmercial TERMS): Neue Regelung ab 1. Januar 2020


Incoterms sind vereinbarte standardisierte Klauseln, die es den Vertragsparteien ermöglichen Regelungen über Leistungsort, Leistungspflichten und den Gefahrenübergang eindeutig zu bestimmen. Die Incoterms geben jedoch keine Auskunft darüber, wann und wo das Eigentum an der Ware zwischen den Parteien übergeht. Ebenfalls Zahlungsbedingungen, Gerichtsstand sowie die umsatzsteuerliche Verfügungsmacht werden in ihnen nicht geregelt. Continue reading


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Incoterms (INternational COmmercial TERMS): New regulation from 1 January 2020


Incoterms are agreed standardized clauses which enable the contracting parties to clearly determine regulations on the place of performance, performance obligations and the transfer of risk. Continue reading


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Mexico Tax Reform 2020


Mexico approves significant tax reform

In brief
Mexico’s Congress approved modifications to the following laws on October 30: The Income Tax Law (MITL), the Value Added Tax Law (VATL), the Excise Tax Law (IEPS) and the Federal License Law (LFD), and the Federal Fiscal Code (FFC) (together, ‘the 2020 Mexican Tax Reform’). Enactment of the 2020 Mexican Tax Reform will occur on its date of publication in the Official Federal Gazette. The 2020 Mexican Tax Reform will enter into effect January 1, 2020, unless an article expressly states a different effective date. Continue reading