With the continuing uncertainty over the possibility of an extension to the Brexit transition period beyond 31 December 2020, PwC UK is hosting a global webcast on Thursday 9 July 2020 at 3pm-4pm CET.
The German legislator has recently published a draft law reducing the German VAT rates for the second half of 2020 in order to cope with the consequences of the Covid-19 pandemic. According to the draft law, the standard VAT rate will be reduced from 19% to 16% and the reduced VAT rate from 7% to 5% in the period 1 July to 31 December 2020.
The Federal Ministry of Finance (BMF) has already published a draft decree dated 11 June 2020 on the temporary reduction and (re)increase of VAT rates. To date, it is not yet fully clear when a final version of the decree will be published. In many cases, the draft of the decree resembles in detail the BMF decree of 11 August 2006, which was issued at the time of the last standard VAT rate increase (on 1 January 2007) from 16% to 19%.Read More »
Der Lockdown verursacht immense wirtschaftliche Schäden. Bereits jetzt schnellen die Arbeitslosenzahlen in die Höhe und insbesondere KMUs der Gastro- und Kulturbranche sind in der Existenz bedroht. Inwieweit können und sollten wirtschaftliche Aspekte in die Ausrichtung der Strategie zur Bewältigung der Coronakrise einfliessen?
Now the coronavirus is spreading around the world, the first priority is people’s well-being. But the economic impact of the measures the government is taking in order to contain the virus from spreading further, is also considerable.
I am delighted to invite you to the next in the series of global webcasts on “Middle East VAT Challenges in the New Decade for non-residents providing inbound professional, e-commerce and digital services” on Monday 10 February 2020.Read More »
The government recently announced 1 April 2020 as the date of implementation of the e-invoicing system for B2B transactions for businesses with an aggregate turnover exceeding INR 1bn.
Considering that the voluntary system will commence from 1 January 2020, the GSTN has also released the following documents in the public domain:Read More »
How are the recent changes in EU legislation affecting international trade?
With more EU countries following EU legislation in their practice, non-EU companies can no longer act as the exporter for customs purposes. This is making it more complicated for entities not established in the European Union – including Swiss principal companies − to deal with their customs processes in the EU. On the other hand, from a VAT perspective they can be still the entity that takes care of the VAT exemption export and has to verify it later on.Read More »
I am pleased to invite you to our next webcast focusing on US sales tax and state income taxes for US inbound businesses. The webcast will be relevant for any business selling into the US, including those that do not have a physical presence in the US.
Recent significant developments in US case law (the Wayfair decision) make US sales tax and state income tax newly relevant to companies that may not have previously assessed whether a US tax requirement exists (for example, due to having no physical presence in the US), therefore this is a key time to assess the impact.
Our state tax experts will explain the current US sales tax and state income taxes requirements from a US inbound perspective, and will cover examples of circumstances where a compliance responsibility may exist and the potential consequences.
All live attendees will also have the chance to raise questions directly to our specialists during the Webcast.
Speakers for this webcast include:
- Monica Cohen-Dumani – Partner, International Tax Services, EMEA ITS Leader – PwC Switzerland
- Jennifer Jensen – Partner, State and Local Indirect Tax – PwC US
- Robert Ozmun – Partner, State and Local Income Tax – PwC US
Thursday May, 23rd, 15:00 (CET)
- US Sales Tax – Jennifer Jensen, Partner, State and Local Indirect Tax – PwC US
- US State Income Taxes – Robert Ozmun, Partner, State and Local Income Tax – PwC US
Note that you will need to register to join the webcast. Register here >
Image source: unsplash.com
The Government has recently issued multiple implementing notifications, which have come into effect on 1 April 2019. The notifications provide the conditions and computational mechanics of charging lower rates of GST on under-construction residential real estate. One key aspect of this change is the option given to existing projects to either adopt the new rate structure or continue with the incumbent framework. As the conditions/ computational mechanics are fairly complex and need to be dealt with carefully for effective compliance, they are expected to pose a challenge to the industry.Read More »
The easy availability of vast amounts of transactional data that follow rules makes indirect tax a great candidate for machine learning. We show you how to use artificial intelligence to improve quality and validate your VAT data – and someday maybe even take care of tax determination for you.
Join my experts this Thursday, 25. October 2018, 2.00 – 3.00pm