The OECD’s Base Erosion and Profit Shifting (BEPS) project started in 2013 amid growing concern of tax planning used by multinational enterprises (MNEs) to artificially reduce taxable income / shift profits to low tax countries by benefitting from discrepancies between country specific tax rules.Read More »
Tag: tax
Top Women in Tax – please nominate your candidate until 15 December 2015
20 years ago, at the time when VAT was introduced in Switzerland, men were not really interested in this field. There was too little prestige, too little to shine. The opinion of the tax community at that time was that VAT is hardly relevant for businesses as it is a transit tax and only causes pain to end consumers who have to pay the VAT. Its true for the majority of the companies that VAT is a transit tax IF EVERYTHING IS IMPLEMENTED CORRECTLY. Read More »
Outline of Japanese consumption tax system
Read HERE to find out more or feel free to contact my colleague of PwC Japan: Takashi Murakami (takashi.a.murakami@jp.pwc.com) / Kataku Kimu (kotaku.kimu@jp.pwc.com).
Bildquelle: Bernd Laprecht / pixelio.de
Spain – new compliance system as from 1 of January 2017
According to the wording of the draft bill version the new VAT compliance system will be compulsory as from January 1st 2017.
The main features of this new VAT compliance system, according to the wording of the existing draft legislation, are as follows:
It is a new VAT compliance system that consists of bookkeeping of the VAT ledgers through the electronic site of the Spanish Tax Authorities –STA- (“Agencia Estatal de Administración Tributaria”).Read More »
Switzerland – Electronic filling of VAT declaration – instruction
Please find below instruction published by the Swiss Tax Administration how to be electronically compliant (in German only)
PwC Tax Technology Fair 2015
The challenges faced by tax and finance departments have been growing for years. More efficient processes and technological solutions can help you rise to these challenges. However, it can be difficult to keep track of the developments in best practices and IT solutions and to understand the benefits they can bring to your organisation.
PwC is organising a Tax Technology Fair, which will take place on 15 September 2015, which will give you a comprehensive overview of the latest developments to enable you in your day-to-day business of managing tax. A number of market leading PwC professionals and IT vendor representatives will make live presentations on their respective technologies and applications. During the event, you will be able to compare solutions and speak with solution providers directly about your questions and issues in one to one sessions. The PwC Tax Technology Fair is a great opportunity to discover how the latest solutions can benefit your organisation and to share experience with the people who face the same issues as you.
Please click here to open the invitation to get more informations about the venue and programme.
Larentia + Minerva: CJEU issues its decision on the VAT deduction right of active holding companies and VAT grouping rules
The Court of Justice of the European Union (CJEU) released yesterday its decision on the joint cases, Beteiligungsgesellschaft Larentia+Minerva GmbH & Co. KG (C-108/14) (Larentia+Minerva) and Marenave Schiffahrts AG (C-109/14) (Marenave).
The questions referred to the CJEU concern two significant issues:
- The input VAT recovery of holding companies involved in the management of their subsidiaries
- The VAT grouping rules and the restrictions imposed by national law.
Japan – Tax authorities’ guidelines for the new JCT rules as of 1 October 2015
The Japanese National Tax Agency (NTA) published its guide on the Japanese Consumption Tax (JCT) obligations of the cross-border supply of electronic services.
You can access the English version of the document intended for foreign businesses HERE. The NTA also published some further documents HERE on this topic, however all these documents “are used only for explanations”.Read More »
PwC – Reshaping the Tax Function of the Future
The world is changing at a very high speed. Basics, which were valid yesterday, will become obsolete tomorrow. Rarely does a day pass without an article about taxes appearing in one of the world’s leading newspapers – and, more often today than in the past, these articles appear on the front pages of these newspapers. This is a sign of the ever-increasing impact of taxes in our world today. Read More »
EU Commission Action Plan – List of non-cooperative tax jurisdictions
As part of the work on good tax governance Member States provided the Commission with lists of those jurisdictions they determined met their definition of non-cooperative tax jurisdictions.
Please see the LIST (late 2014)
Michaela Merz 