Michaela Merz

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Poland – Split payment – what should you know before it goes live on 1 July 2018

General information

To ensure greater stability of VAT revenue as well as to prevent VAT avoidance, Polish Ministry of Finance is going to introduce a split payment mechanism. Based on the recent project, split payment is assumed to be implemented as of 1 July 2018 in Poland. Continue reading

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UK – Making tax digital as from 1 of April 2019 – The end of TAX Return

HMRC starting to transform the tax system, so that it is more effective, more efficient and easier for taxpayers as well as for the controls done by HMRC themselves.

VAT has been online since 2010 and over 98% of VAT registered businesses already file electronic returns. Continue reading

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India – Trade discounts are permissible deductions from total turnover and cannot be disallowed as original tax invoice issued did not indicate discount

The tax authorities have always disputed the claim of post-sale trade discounts (cash or quantity discounts) claimed by the taxpayers on the ground that the said discounts were not linked to any sale invoices. Hence, claim of deduction towards such discounts from the sales turnover were disallowed. Continue reading

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Romania – It’s very difficult to get registered for VAT purposes

Romania has a very high fraud in the VAT field and this is why the authorities had put in place a VAT registration process for resident entities, which is far more demanding compared to similar processes in other EU countries. Continue reading

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Breaking news von Sandra Ragaz: Pharmaceutical rebates – opportunity for VAT savings

The ECJ AG in the case of Boehringer Ingelheim has been handed down on 11 July 2017 (please find he CJEU case C-462/16 here: Link).

In that regard we have excellent breaking news and a VAT saving opportunity on (mandatory) rebates that companies have to render for the supply of pharmaceuticals. Continue reading

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China – Compliance

Chinese tax authorities is using technology to improve the efficiency of VAT collection and management – Are you ready for this?

China managed VAT by invoice, therefore VAT invoice management is a key point, and the Chinese tax authorities have been using information technology on VAT collection and management. Continue reading