Tag: VAT

EU – Updated version of the MOSS report published

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539368_web_r_by_wandersmann_pixelio-deOn 3 November 2016 the Taxation and Customs Union published an updated version of the MOSS report. In this report information on national rules applied in Member States for the use of the mini one-stop shop (MOSS) can be found. Definitions and explanations on the scope of the report can be found in the overview, which also includes a summary table of applicable VAT rates, as well as information on use and enjoyment rules, and B2C invoicing obligations across Member States.

Source: https://ec.europa.eu/taxation_customs/business/vat/telecommunications-broadcasting-electronic-services_en#infosel

Image source: Wandersmann / Pixelio.de

 

Egypt VAT newsalert July 2016

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PwC_fl_30mmh_cThe Egyptian Government is planning to adopt a fully-fledged Value Added Tax (VAT) System, which will replace the current General Sales Tax (GST) System. We understand taht the VAT draft law has now been sent to Parliament for endorsement and we expect it to be released in the coming weeks. However, an implementation date has not yet been confirmed by the government.

Read more here:

Egypt VAT Newsalert_July 2016

Russia to impose 18 percent VAT on certain e-commerce as from 1.1.2017

Michaela Merz1 Comment

shutterstock_87654373_taxes_468Russia’s State Duma passed at third reading a bill that would charge 18% VAT on the sale via the Internet of electronic services, games, music, books and video products, to Russians. Read More »

Brexit- what does it mean from a Tax perspective

Michaela Merz1 Comment

united kingdom exit from europe relative image

What might the implications of Great Britain’s vote to leave be from a VAT perspective?

As the UK must give the European Council notice of intention to withdraw, there is likely to be a period where current law applies, both EU and UK law whilst a Brexit agreement is negotiated. All treaties would cease to apply from entry into force of the withdrawal agreement, or two years from the date of notice. We do not expect a considerable change for at least 2 years.

Which areas of VAT law might change in a UK free from the EU VAT directive?

In the short term at least, it is unlikely that the UK government will rip up VAT law – VAT accounts for >20% of UK tax revenues, is a relatively stable, understood tax – and thereforewholesale changes are unlikely. Read More »

Job opportunity for experienced VAT specialist – Budapest

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ESAB Job offerThe main role purpose would be focused on supporting the VAT team with respect to maintaining the effectiveness of the controls and operating procedures, coaching and supporting other team members actively and supporting the management reporting activities.
Reporting to: Financial Accounting Manager
Job type: permanent, based in Budapest Read More »

Swiss VAT refund for foreign companies

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The VAT refund to foreign companies, which are not correctly VAT registered in Switzerland, enables them to facilitate transactions with their Swiss suppliers without having Swiss VAT as a final cost. The so-called VAT refund procedure ensures the refund of input VAT incurred on local expenses acquired in connection with their business.Read More »

Puerto Rico – postponed the VAT implementation till 1 of June 2016

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SONY DSC
Yesterday, the Secretary of the Treasury in Puerto Rico issued a press release to postpone the effective date of the Value Added Tax (VAT) to June 1st, 2016, in accordance with his statutory authorization. The Sales and Use Tax (SUT) will continue to be in effect through May 31st, 2016, including the 4% tax on business to business and on designated professional services.

The VAT regime will enter into effect on June 1, 2016 only.Read More »

China – B2V tax system reform, changes expected as of 1st of May

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730187_original_R_by_M. Hermsdorf_pixelio.deChinese Premier Li Keqiang mentioned on Saturday during the National People Congress meeting that B2V will be fully rolled out on May 1, expanding the B2V scope to construction, real estate, financial services and consumer services.Read More »

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

Michaela Merz1 Comment

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. Read More »

Invitation PwC Event – VAT around the world – 2 December 2015

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I would like to invite you to the World Wide VAT – the international VAT forum @PwC!

This year’s World Wide VAT event presented by PwC reflects the importance of value added tax for businesses that have to deal with the complexities of indirect taxation on a daily basis. It’ll be a  chance for you to catch up on the latest developments in Europe and beyond, and examine the implications for your company in more detail.

 

Please find more informations on the following leaflet or please contact my colleague Denise Ruhland: denise.ruhland@ch.pwc.com / +41 58 792 77 02