Michaela Merz


Leave a comment

Italy: News related to the mandatory e-invoicing regime, Circular letter no. 13/E 2018


Prepared by Davide Accorsi, Andrea WernerBeilinand Giuseppe Cammareri

With the Circular letter no. 13/E of 2 July 2018, the Italian tax authorities has provided further clarifications regarding mandatory electronic invoicing regime, in order to reply to questions provided by trade associations.

Continue reading


Leave a comment

India – GST Council temporarily extends the present system of filing of returns and export benefits for procurement of goods and recommends implementation of e-way bill scheme in a phased manner from 01 April 2018


Introduction
In its 26th meeting held on 10 March 2018, the GST Council has decided to extend the present system of compliance for taxpayers for another 3 months up to June 2018, and the export benefits for procurement of goods for another 6 months up to 01 October 2018. Continue reading


Leave a comment

Romania – Update on split payment introduction as per 1st of January 2018


Referring  VAT split payment  the Romanian Senate has approved and further on passed on the amended law related to the VAT split payment system to the Deputy Chamber (i.e. the second institution within the Romanian Parliament that has decisional powers in fiscal matters). Continue reading


Leave a comment

Hungary – real time reporting – how to do it efficiently with online reporting tool


As of 1 July 2018 all taxpayers are required to report to the Hungarian tax authority certain data regarding invoices that are issued by invoicing software and have a VAT content of at least HUF 100,000. Such reports will have to be made electronically, through an online connection, using a specific XML file format. Continue reading


Leave a comment

India – Government extends due date for filing GSTR 1, GSTR 2 and GSTR 3 for the months of July and August, 2017


The Government has tweeted on its official twitter handle for queries on GST about the extension of due dates for submission of detailed returns in Forms GSTR 1, GSTR 2 and GSTR 3 for the months of July and August, 2017. The formal notification for extending the timelines is expected shortly. Continue reading


Leave a comment

Italy: VAT Warehousing – pending decree issued


VAT warehouses: according to the Ministerial Decree dated 23 February 2017 financial guarantee is due upon certain conditions

Abstract: in the Official Gazette dated 17 March 2017 it has been published the text of the Decree of the Ministry of Finance, which clarified relevant contents, practicalities and formalities regarding financial guarantee for withdrawal of goods introduced into a VAT warehouse from non-EU, as well as relevant exemptions. Continue reading


Leave a comment

Poland – Standard Audit File (Jednolity Plik Kontrolny) to be introduced as per 1 of July 2016


748722_original_R_by_verbraucherpapst_pixelio.deAccording to the changes in Polish tax law, which will come into force as of 1st July, there will be a new obligation for the taxpayers to have so called Standard Audit File (in Polish: “Jednolity Plik Kontrolny” or “JPK”) – special reporting form, in a special format [determined by Polish tax authorities] that will allow tax inspectors to have an easy access to accounting / tax data / records. Continue reading