Tag: VAT

Portugal: Proposed VAT rate increase from 1 January 2015

Michaela MerzLeave a comment

Portugal considers increasing the standard VAT rate by 0.25%, to 23.25%.

The increase would result in the following standard VAT rate changes with regards to the three different regions: from 23% to 23.25% on the Portuguese mainland, from 22% to 22.25% in Madeira and from 18% to 18.25% in Azores.

For further information please feel free to contact:

Susana Claro
Partner
susana.claro@pt.pwc.com
Phone:  +351 213 599 648

Susana Caetano
Senior Manager
susana.caetano@pt.pwc.com
Phone: +351 213599674

Taxation of the Digital Economy

Michaela MerzLeave a comment

I am pleased to share with you following interesting digital economy documentaions:

140606_China VAT and e-commerce

140825_Taxation of the digital economy

Please do not hesitate to contact me if you need further information.

Global conference “The Future of VAT in a Digital Global Economy” – Vienna – 24-26 September 2014

Michaela Merz1 Comment

People walking in a plaza/square - PwC, Photo_RGB_C_2 44647.jpgWhat’s the future of VAT in a digital global economy? How are corporate, individual income taxes and VAT connected in a global digital economy?

Distinguished academics, policy makers from bodies such as the OECD, IMF and the EU Commission as well as practitioners and government representatives from all over the world will elaborate on the hottest topics regarding VAT related to the digitalisation of the global economy. Read More »

Italy EU Presidency priorities for the period 1 of July to 31 of December 2014

Michaela MerzLeave a comment

Italy took over EU Council Presidency  on 1 July 2014 for the following 6 months. Italy’s Prime Minister Matteo Renzi presented Italy’s  priorities to the new Members of the EU Parliament  and the formal programme has now been released.

In the area of indirect taxation, the Italian Presidency willRead More »

Denmark: VAT reverse – charge for IT goods from 1 July 2014

Michaela MerzLeave a comment

From 1 July 2014 onwards, businesses involved in supplying certain IT hardware as well as mobile devices (e.g. mobile phones, game consoles, tablet computers, laptops,) in Denmark will no longer be obliged to charge Danish VAT on their invoices to other businesses.

Details and background of the new rule

Read More »

Guidelines on the audit of the VAT Mini One Stop shop

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The EU Commission published additional guidelines on the audit of the VAT Mini One Stop Shop. These additional MOSS guidelines are available on the EU Commission’s website (Link).

The guidelines include additional information about how to contact taxable persons as part of an VAT audit and the method businesses should use to provide the information required by an audit. Read More »

VAT reform in China influencing EBITDA of the Chinese telecoms operators as from 1 of June 2014

Michaela MerzLeave a comment

For basic telecom services such as fixed network telephone services, mobile services and voice-over internet protocol services (VOIP) and value added services such as providers of online data processing (online banking, auctions, payment processing), data storage services, internet information services, data hosting, internet access services and call centres the VAT rate of 11% and 6% respectively replaced the 3% business tax as from 1 of June 2014. The telecommunication sector is heavily regulated in China.Read More »

‎Mini One Stop Shop (MOSS) as from 1.1.2015

Michaela MerzLeave a comment

The Mini One Stop Shop is an optional scheme which comes into force on 1.1.2015. It will allow taxable persons providing electronically supplied and telecommunication services, television and ‎radio broadcasting to non-taxable persons in Member States in which they do not have an establishment to account for the VAT due via a web portal in the Member State where they are registered. Read More »

What do you need to know about Swiss VAT?

Michaela MerzLeave a comment

Law and Ordinance:

Link to: Federal Act on Value Added Tax

Link to: Ordinance of the FDF on Electronic Data and Information

Africa – Helping you navigate Africa’s VAT landscape

Michaela MerzLeave a comment

Not so long ago, when we talked about VAT or more generally on indirect taxes, the discussion was mostly focusing on Europe. The accelerating changes in other parts of the world necessitate to widen the geographical area where indirect taxes need to be tracked. Indirect tax people with a global responsibility within their organisation cannot neglect anymore territories, such as Latin-America or Africa. Read More »