Tour Operators Margin Scheme (TOMS)


The European Court of Justice published its judgement in an infringement procedure where the EU Commission brought several EU Member States to the Court for failure to comply with their obligations under the EU VAT Directive.

The actions relate to the special scheme for travel agents which is commonly referred to as TOMS (Tour Operators Margin Scheme) and which is relevant from an EU-wide VAT perspective. There has been some uncertainty Read More »

VAT Identification number within EU


The VAT identification number in the European Union (EU) is:

  • the proof of entrepreneurship within the single market
  • a formal requirement for intra-community supply of goods
  • the formal requirement for the tax exemption of certain cross-border turnovers within the EU
  • in general, also a feature of national invoices in the meantimeRead More »

China – transportation services – new rules as from August 1, 2013


China is undergoing a Business Tax to Value Added Tax transformation (“B2V”) Pilot Program, with transportation and certain modern services becoming the first batch of pilot industries. Effective August 1, 2013, the B2V Pilot Program of transportation and certain modern services (including freight forwarding services) was expanded nation-wide.  Under the B2V Pilot Program, the taxable service should be subject to VAT if either the service provider or the service recipient is within the territory of China.Read More »

Tax Academy – tax in a new package


About the Tax Academy programme

We have prepared this special nine-day programme to help both our clients and own tax experts to easily understand fundamental principles, processes, current procedures and specific terminology in the field of Czech and international tax practices. The programme is focused on several main topics – it consists of five modules, Read More »

Spain – obligation to communicate with the Tax Authority by electronic means


Based on Royal Decree 1363/2010 which recently entered into force companies registered for VAT in Spain will be obliged to receive electronically notifications/communications issued by the Spanish Tax Authorities via a special and unique Electronic Address (hereinafter DEU) that will be granted by the Tax Administration to each company established or registered for VAT in Spain.Read More »

New Job Opportunity


PwC is looking for a new International VAT Manager – further details you will find here

Are you a highly motivated, dynamic and client-oriented personality? Who likes to work in an international environment? Your well founded expert knowledge in the field of VAT and your convincing demeanor support you in being a competent contact person for demanding clients.

PwC Webcast in relation to European Commission Update


PwC organises a webcast on the major issues in the EU VAT system being worked upon by the Commission, the time frames, the impact of the proposals (and the infraction proceedings) and in particular what business should be doing to help move the Commission’s agenda forward and to use EU law themselves to ensure the correct application of the existing VAT system.Read More »

Lesson in Lisbon 27 June 2013


You attended my lecture on Thursday in Lisbon. I really enjoy our discussion.

And I am very much interested in your thoughts.

Please find 2 questions below:

  • What do you think about how the importance of VAT compliance in the future is (in max. 150 words)?
  • There is a direct delivery of goods from Germany to France, where three companies are involved in the chain, one of them is you client. Which questions would you ask your client to clarify the correct VAT treatment?

Italy – VAT rate increase to 22% postponed to 1 of October 2013


The Italian government decided to postpone the planned VAT rate increase from 21% to 22% from 1 July 2013 to 1 October 2013.

Montenegro – VAT rate increase to 19%


Montenegro’s Parliament agreed to the increase of the VAT rate from 17% to 19%. This change will take place as from 1 July 2013.