It was confirmed that the standard manufacturing rate of 16% will be reduced to 13%. The transport and construction rate will be reduced from 10% to 9%. The lower rates 6% and 3% will remain unchanged. There might be further changes following shortly in order to simplify the VAT system. Read More »
Tag: VAT
POLAND: Changes in the scope of VAT rates as of 1 June 2019
As informed in blog post, the Polish Ministry of Finance published the draft amendment to the VAT Act (of 8 November 2018).
On 5 March 2019, the draft amendment to the Polish VAT Act introducing a new matrix of VAT rates has been adopted. This in practice means that goods will be assigned to the Combined Nomenclature (CN), whilst services will be based on a new classification of products and services (i.e. 2015 PKWiU codes).Read More »
EU: Clinical Trials in Europe and VAT – a complex topic with 28 different local VAT regulations
In 2018, PwC Switzerland collected the data and organised for the set up of the PwC “VAT Guide to Clinical Trials in Europe”.
The Guide to VAT for Clinical Trials in Europe aims at:
• providing you a first high level overview of the regulations in 28 EU Member States
• helping you assess the VAT implications and reporting obligations (e.g. VAT registration obligation, VAT return, EC Sales Listing and Intrastat reporting)
• assisting you answering some questions related to the trends in the pharma sector for clinical trials and precision medicines.Read More »
POLAND: DAC6 reporting obligation relevant for VAT since January 2019
DAC6 will be implemented by all EU territories as of January 1st 2020 with reporting obligation on all relevant transactions since June 2018. It looked like until today that this kind of reporting obligation will not be relevant for indirect taxes. However the publication of the implementation in the national law in Poland shows that VAT relevant transactions will have to be reported as well.
POLAND: Change in the the simplified scheme for import VAT as of 1 May 2019
The cash-free import VAT settlement, as a result of the simplified procedure, will be limited from 1 May 2019. The end of April 2019 is the limit date for the reassessment of permits to use the simplified procedure. The need for their re-verification resulted from the introduction of the EU Customs Code (UCC) instead of the previously applicable Community Customs Code (CCC).Read More »
RUSSIA: Registration obligation for non-resident providers of electronic services as from 1 of January 2019
From 1st January 2019, foreign suppliers of business-to-business (B2B) electronically supplied services are required to register with the Federal Tax Service in Russia.The method applied in 2018 whereby the Russian business customer collects and remits the VAT at the standard 18% rate to the tax authorities through the reverse charge mechanism is not applicable anymore.Read More »
POLAND: Mandatory split payment mechanism to be introduced as from 1 July 2019
On 23 January 2019, the European Commission published a draft derogation decision enabling Poland to introduce a mandatory split payment mechanism for selected goods and types of business operations.
The project assumes that Poland has the right to use the obligatory split payment in the period from March 1, 2019 to February 28, 2022. Please find below the most important information resulting from the draft derogation decision:Read More »
ROCHE: Global Value Added Tax Manager
Roche is looking for support. Please see below:
At Roche, we believe every employee makes a difference. We are passionate about transforming patients’ lives. We are fearless in both decision and action; we believe that good business means a better world.
We are looking for a new Global VAT Manager for Group Tax and Insurance (minimum schedule of 60 %). In this position you will be part of the Roche Group’s VAT team within the global function Group Tax, Insurance and Customs, and will collaborate with the global Pharma and Diagnostics operations on VAT matters. This global role is primarily collaborating with Roche affiliates in Switzerland and the EU.Read More »
INDIA: News on Trade and Taxes
Trade war reaches Indian shores
USA recently partially revoked concessional tariffs offered under the Generalised System of Preferences (GSP) to less developed and developing countries. GSP, described as USA’s oldest and largest trade preference program (of which India was the largest beneficiary), revoked concessional customs duties offered on approximately 90 items.Read More »
EU: VAT – Council adopts short-term fixes to current EU system
The EU VAT quick fixes seem to be closer. On 4 December 2018, the Council adopted three short legislative acts for their implementation on 1 January 2020.
The Council adopted three short legislative acts aimed at adjusting some of the EU’s VAT rules in order to fix four specific issues pending the introduction of a new VAT system.Read More »
Michaela Merz 