Argentina – The challenge of making payments abroad


Argentina is implementing a new Foreign Exchange (FX) Control Regime. Through this regime, the Argentine Central Bank (BCRA) regulates operations that are carried out through the FX market, providing different requirements for each transaction.

The Argentine control organizations have imposed various regulations and restrictions, especially regarding operations that may result in an outflow of foreign currency from the country.

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EU – changes in the EU law new reporting obligations for new EU register – SCIP (Substances of Concern In Products) as from 5 of January 2021


Companies supplying articles containing substances of high concern (SVHCs) on the Candidate List in a concentration above 0.1% weight by weight (w/w) on the EU market have will have to submit information on these articles to new EU register –  SCIP (Substances of Concern In Products) as from 5 January 2021.  Lead (which is widely used in electronics) is also among these substances. Thus, each article Lead (or the substance itself) must be submitted in this register. Please analyse the list of substances in order to understand if you face additional reporting obligation.

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Poland – Polish Supreme Administrative Court decision related to the VAT treatment of supplies of medical device equipment (judgment of 30 July 2020, no I FSK 2120/19)


The recently issued judgment of the Polish Supreme Administrative Court related to the VAT treatment of supplies of medical device equipment (judgment of 30 July 2020, no I FSK 2120/19) is of importance to the industry.

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DAC6 – update October 2020


All countries have issued DAC6 laws to implement the directive into local law (for Cyprus and Spain, the laws are draft, all other EU Member States have final laws in place).

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Life in times of Coronavirus VII


Lara was very careful. She lived in the same house as her in-laws. Both were over 80 years old and belonged to the risk category. It was a two-family house with a garden. The parents-in-law lived on the ground floor and she herself lived on the first floor with her husband.

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Leben in Zeiten des Coronavirus VII


Lara war sehr vorsichtig. Sie wohnte in gleichem Haus wie ihre Schwiegereltern. Beide waren über 80 Jahre alt und gehörten der Risikokategorie an. Es war ein Zwei-Familienhaus mit Garten. Die Schwiegereltern wohnten im Parterre und sie selber mit ihrem Mann im 1. Stock.

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UK/Switzerland – BREXIT update


The UK’s departure from the EU – BREXIT – took effect on 31 January 2020 under the terms of the Withdrawal Agreement agreed with the EU in October 2019. As a consequence, the UK has left the political institutions of the EU and entered a transition period. During this transition period (until 31 December 2020), EU regulations will in principle continue to apply in the UK. In the course of the next months the UK government and the EU will negotiate a comprehensive trade deal.

The BREXIT may have an impact on the treaty clearance for payments between Switzerland and the UK and puts treaty claims at risk based on the Swiss-US DTT:

Payments from the UK to Switzerland / from Switzerland to UK: replace 823C with 823B

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PwC Global ITX webcast – Update on Indian goods and service tax (GST)


PwC_fl_30mmh_cWe  are delighted to invite you to the next in the series of PwC’s Indirect Tax global webcasts.

Date:   January 30, 2018
Time:  1:00 – 2:00  pm GMT (8 Eastern) 

 

 

India’s GST went into effect 1 July 2017. So how are businesses managing compliance? Join PwC’s 30 January webcast:  http://bit.ly/India-GST

GST antiprofiteering prep: Is your business ready to comply? Join PwC’s webcast on India’s GST, 30 Jan: http://bit.ly/India-GST

On 30 January, join PwC’s webcast on India’s GST: We’ll be talking compliance, competitiveness, & prep for what’s next: http://bit.ly/India-GST


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Hungary – New VAT regulations


Referring to my post dated 1 February 2017 regarding “Hungary – changes in 2017” I would like to inform you about the updates related to the online data provision and the threshold for the domestic recapitulative statement.Read More »

Event: QuoVATis Update 2013


Die Eidgenössische Steuerverwaltung (ESTV) hat in den vergangenen Monaten neue Praxisentwürfe und Entscheidungen zum Thema MWST publiziert. Wissen Sie wie Sie mit diesen Neuigkeiten und Standards am besten umgehen? Sind Sie auf dem Laufenden, was dies für Ihren Geschäftsabschluss heisst? Mit den Veranstaltungen “QuoVATis Update 2013” machen wir eine Tour durch 7 verschiedene Schweizer Städte um Ihnen lokal die Möglichkeit für einen Wissensaustausch zu bieten.Read More »