4 Ministers of culture asked for change in EU legislation to tax e-books exactly as physical books.
Tag: VAT
New job opportunity at Jet Aviation
Are 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).
Egypt – VAT recent developments
Under 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
The 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
The 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
First 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
A 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
The 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%
In 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
This 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 »
Michaela Merz 