Indirect Tax in Tax and Legal blog

Join our upcoming SAP S/4HANA webcast: SAP document compliance in a changing tax landscape on 11 November, 13.00 CET

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Join our webcast: SAP S/4HANA: SAP document compliance in a changing tax landscape on Wednesday, 11 November 2020 at 13.00 CET.

In many countries, it is becoming a legal requirement for organisations to issue documents electronically to their business partners and tax authorities.

The ‘digital tax authorities’ now require to be provided more frequently with invoices, ledgers/registers/books on a (near) real time-basis. Due to the continuously changing digital reporting requirements, it can be a difficult process for tax functions to manage. What steps can your organisation take to prepare for the changes?

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Posted on 4/11/2020 | 0 Comments

25 years of Swiss VAT – What a journey! Part 3: If Switzerland was in the EU…

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25 years after the introduction of VAT in Switzerland, we reflect on how the Swiss VAT landscape would look like if Switzerland were part of the EU.

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Posted on 30/09/2020 | 0 Comments

Why leading businesses are putting tax at the centre of their ERP cloud migration

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In the wake of the COVID-19 pandemic, organisations are speeding their move to cloud-based ERP solutions—and leaders are increasingly recognising the importance of seating tax at the planning table.

As the COVID-19 crisis has made crystal clear, agility is key to survival in the face of disruption. Those organisations foresighted enough to have digitised, automated, and cloud-enabled their back-office processes have been able to pivot toward recovery. Those still pushing paper and working with on-premise systems have struggled. In a matter of weeks, the benefits of cloud-based back-office environments became painfully obvious.

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Posted on 18/09/2020 | 0 Comments

25 years of Swiss VAT – What a journey! Part 2: How it all began or “Whoever invented that was a genius!”

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With this blog –Part 2 in our series to celebrate 25 years of VAT in Switzerland – we take a look back on how it all began. Whilst customs duties have existed for very long time, the concept of a tax levied on consumption is relatively recent. We only need to go back to the 17th century to, when the first consumption tax was introduced for financing an army and to 1918, when so-called gross VAT was introduced in Germany, the precursor of net VAT with input VAT deduction that was introduced in Europe in the late 1960’s.

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Posted on 21/07/2020 | 0 Comments

How tax can contribute to the S/4HANA business case: Join our webcast on 29 June

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Join our webcast on Monday, 29 June 2020, 11.00am (CET): S/4 HANA - How Tax can contribute to the business case.

We are moving to a real time data driven tax function. In order to meet tomorrow’s tax challenges, organisations need sustainable tax and business processes using the latest technologies.

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Posted on 23/06/2020 | 0 Comments

25 years Swiss VAT – What a journey! Part 1: Evolution of e-services

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In 1995, Switzerland introduced its VAT system. Therefore Swiss VAT is turning 25 this year. However, the system as it stands today has undergone extensive renewals over the years. Deloitte Indirect Tax team values the achievement of the many amendments introduced and herewith starts with a series of blogs providing interesting facts around particular topics, which we hope you will enjoy reading.

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Posted on 29/05/2020 | 0 Comments

Switzerland’s response on liquidity management potential for VAT positions due to COVID-19

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The COVID-19 crisis has changed the world just significantly since the beginning of 2020. The Swiss government, as well as the VAT Authorities, have taken actions that aim to support liquidity management for businesses in these challenging times.

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Posted on 27/03/2020 | 0 Comments

COVID-19 – Indirect tax challenges and opportunities

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Indirect tax being everywhere, COVID-19 triggers VAT and customs challenges but also opportunities. In-house indirect tax teams must therefore stay tuned to help the business going through these turbulent times.

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Posted on 24/03/2020 | 0 Comments

Swiss VAT: Simplified reporting requirements for foreign businesses as of January 2020 confirmed!

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The Swiss Federal Tax Administration has published its practice on how foreign businesses are obliged to report their turnover – an English version of the respective VAT–Info Brochure is now available as well.

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Posted on 11/12/2019 | 0 Comments

EU VAT Quick Fixes – Less than 1 month to go! Are you ready?

EU VAT Quick Fixes – Less than 1 month to go!  Are you ready?

The EU VAT Quick Fixes coming into force on 1 January 2020, it is still time for businesses to assess their situation and review their processes in place for EU B2B intra-Community supplies

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Posted on 4/12/2019 | 0 Comments