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. Read More »
Tag: tax
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.Read More »
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. Read More »
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.Read More »
Turkey – VAT on digital services and new proposal for 7,5% Digital Services Tax
On the 1 January 2018, the VAT rules for sales of electronic services to non-VAT registered individuals by electronic service providers who do not have a residence, business place, legal business centre and business centre in Turkey have changed. Non-resident electronic service providers have to declare and pay VAT which is charged on electronic services to non-VAT registered individuals. This change is only applicable to B2C transactions and irrelevant for B2B sales, where a reverse charge mechanism is still applicable. For cross border supplies of electronic services there is no registration threshold and therefore registration obligation arises as of the first revenue.
Polish Webinar – POLAND: Revolutionary changes as from 2020 in Poland – don’t forget to register 9 October 2019
Following changes in the EU VAT, reporting and compliance, we are pleased to invite you for a webinar during which we will outline upcoming changes in Polish VAT that may affect your business.
Read More »RUSSIA: VAT recovery for export of services is possible as from July 1
The State Duma approved amendments to the Russian Tax Code (RTC) introducing the right for input VAT recovery in relation of export of many types of services. This is generally in line with the VAT principles in many other countries. Read More »
AXPO: Senior Manager International VAT 100% f/m
The Axpo Group produces, trades and distributes energy reliably in Switzerland and in over 30 countries throughout Europe. Around 4500 employees combine the expertise from 100 years of climate-friendly power production with innovative strength for a sustainable energy future. Axpo is an international leader in energy trading and in the development of tailor-made energy solutions for its customers.Read More »
Neue Zürcher Steuerkonferenz 2019 – 18. September 2019
Der Treffpunkt für Steuer-Verantwortliche zu neuesten Praxisfragen und Entwicklungen im Steuerrecht Auch in diesem Jahr stehen an der Neue Zürcher Steuerkonferenz aktuelle Praxisfragen und Entwicklungen im nationalen und internationalen Steuerrecht im Fokus.
Zahlreiche Regulierungen, politische und gesellschaftliche Veränderungen auf nationaler und internationaler Ebene stellen Unternehmen und ihre Berater vor neue Herausforderungen. Wie stellt man sich darauf ein?Read More »
Turkey: Only a Turkish resident entity can act as importer
In accordance with the Turkish VAT Law, importation of goods and services is subject to VAT, and the taxpayer for the importation is defined as the importer. In other words, the importer of record is the party which imports the goods. Please note that tax ID is required for importation procedures; therefore, only a Turkish resident entity may conduct importation.Read More »
Michaela Merz 