Tag: VAT

Changes in the EU legislation

Michaela Merz1 Comment

711122_web_R_by_FotoHiero_pixelio.de (1)4 Ministers of culture asked for change in EU legislation to tax e-books exactly as physical books.

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New job opportunity at Jet Aviation

Michaela MerzLeave a comment

Photo_RGB_P_MD_D2_281.jpgLaura Hepburn - Senior Manager / Central Cluster-Global MobilityAre you looking for a new challenging job opportunity?

Please see open position of Jet Aviation – VAT Manager EMEA

Jet Aviation is looking for a flexible person who is willing to work in different locations (Basel, Kreuzlingen, Zürich and further travel within Europe).

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Egypt – VAT recent developments

Michaela MerzLeave a comment

265283_web_R_K_by_Ulla Trampert_pixelio.deUnder Egypt’s five-year strategy launched in October 2014, VAT legislation is expected to be introduced in the second half of this year as a transition from the current General Sales Tax (GST) to a full fledged Value Added Tax (VAT) System. Read More »

E-books – ECJ rules reduced VAT rate is not applicable

Michaela Merz1 Comment

PwC_R_Jolene.Visser_SouthAfrica_Jhb_P_CW_0013.JPGThe ECJ today delivered its long awaited judgments in the infringements procedures against France and Luxemburg for the application of the reduced VAT rates to e-books.

The court held that in line with VAT Directive and Implementing Regulation e-books qualify as electronically supplied services, in respect of which the reduced VAT rates cannot be applied.Read More »

Partial revision of the VAT Law in Switzerland – Lower VAT registration threshold for e-service providers is proposed

Michaela Merz1 Comment

Photo_RGB_R_IST_D5_8969.jpgThe Swiss Federal Council has published its commentary to the partial revision of the VAT Law. If the draft legislation is approved by the Swiss parliament, the changes will come into effect on 1.1.2016.

For further information please visit our PwC e-biz and ecommerce blog

Mexico: Additional benefits granted to certified IMMEX companies

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Photo_RGB_R_CAN_VC_D3_CM2_0137.jpg Port terminals distributing a variety of commodities and commercial goods. Provides container and bulk shipping hubs for marine, rail and land transport. Huge port infrastructure and impressive views. Primary and manufactured goods - forestry, steel and container shippingFirst introduced in November 2006, the IMMEX Program promotes the Mexican export industry by certifying and allowing specific Mexican exporting companies to temporarily import goods for use in an industrial process or service to produce, transform or repair foreign goods for subsequent export, or to provide export services, while being exempted from paying general import tax, value added tax and, where appropriate, countervailing duties.Read More »

Korea: Zero-rated VAT for Clinical Trial Services

Michaela Merz1 Comment

Photo_R_RGB_HK_D5_2801.jpgA new rule, likely to come into force in February 2015, will benefit Korean companies providing clinical trial services.

This rule will allow Korean hospitals and medical institutions, which provide clinical trial services to foreign pharmaceutical companies located outside of Korea and receive consideration in foreign currencies, to apply zero-rated VAT on these services.Read More »

Luxembourg: New VAT Refund Procedure

Michaela Merz1 Comment

People walking outside an office building - PwC, Photo_RGB_PC_ 395.jpgThe budget Law (Bill n°6720) introduced a new procedure, effective as from 1 January 2015, for VAT-registered businesses which claim periodic VAT refunds.Read More »

Iceland – increase of reduced VAT rate applicable to e-books from 7% to 11%

Michaela Merz1 Comment

Technology - using an iPad outside PwC office, PwC_R_NYC_Technology_56.jpgIn Iceland the reduced VAT rate applicable to e-books and electronically published music increased from 7% to 11% as of 1 January 2015. Therefore, it must be ensured that you account for VAT on such sales at the appropriate rates. You can access further information of the overall Icelandic tax rules in 2015 here. Read More »

Spain – New deferral import regime – application deadline till end of January 2015

Michaela Merz1 Comment

PwC_Teetasse_ENThis new regime will allow tax payers who import goods into Spain to defer their VAT payments until they file their VAT return, rather than paying the VAT due at the same time as the customs duties. Additionally, the VAT credit will be accounted for at the same time.Read More »