Indirect Tax in Tax and Legal blog

Corporate fee for radio and television as of 2019 - Summary of most important facts

Corporate fee for radio and television as of 2019 - Summary of most important facts

From 1 January 2019 the new device-independent fee will be collected from households and businesses. It replaces the current device-dependent fee, which will be terminated at the end of 2018.

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Posted on 16/07/2018 | 0 Comments

CJEU decision on simplified triangulation rules in VAT directive may result in broader application

CJEU decision on simplified triangulation rules in VAT directive may result in broader application

On 19 April 2018, the Court of Justice of the European Union (CJEU) ruled that taxpayers can apply the simplified rules for triangular sales for VAT purposes using a VAT number other than the number in the Member State of dispatch and arrival, even if they also are VAT registered in the Member State of dispatch (Case C-580/16).

The CJEU decision overturns some EU Member States’ positions prohibiting the application of the simplified triangular rules to taxpayers VAT registered in dispatch countries and gives an opportunity for businesses to simplify their invoicing process.

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Posted on 7/05/2018 | 0 Comments

Register to our Global Trade Breakfasts in May 2018

Global Trade Breakfast_Blog

Register to our upcoming Global Trade Breakfasts that will take place on Wednesday, 16 May 2018 in Geneva and on Thursday, 17 May 2018 in Zurich.

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Posted on 11/04/2018 | 0 Comments

Switzerland renewed its electronic invoicing and archiving rules for VAT purposes

Switzerland renewed electronic invoicing and archiving rules for VAT

As per 1 January 2018, Switzerland formalised its rules in terms of electronic invoicing and archiving for VAT purposes. After some informal and gradual easing of the very rigid electronic invoicing rules, which demanded a strict compliance with digital signatures and a specific processing and archiving of the respective data, the Federal Council decided in 2017 that the handling of electronic invoices shall be treated the same way as the handling of hard copy invoices.

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Posted on 6/03/2018 | 0 Comments

Supplies of pharmaceutical products: Can rebates granted to a party who was not in the initial supply chain reduce the taxable amount for VAT purposes?

ITX_Blog

The Court of Justice of the European Union (CJEU) issued a decision on 20 December 2017 (Boehringer Ingelheim Pharma GmbH & Co. KG (C-462/16)) concluding that statutory rebates granted by pharmaceutical companies to private health insurers should not be treated differently than rebates granted to public health insurance funds for purposes of whether the rebates should reduce the VAT taxable amount of the related supplies.

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Posted on 26/01/2018 | 0 Comments

Our Pan-European, International and Swiss VAT Update Event 2017

IT_171206_Blog_Pan-European  International and Swiss VAT update_Zurich & Geneva

Companies are confronted with the evolving VAT (and GST) landscape in Switzerland and internationally every day. Getting VAT or other indirect taxes wrong can heavily impact your organisation, whether in terms of additional costs, or stiff penalties imposed by the authorities.

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Posted on 6/11/2017 | 0 Comments

Changes to the Swiss Law on Alcohol entering into force on 1 January 2018

IT_20171013_Blog_Changes to the Swiss Law on Alcohol entering into force on 1st January 2018

Within the framework of the partial revision of the Swiss Law on Alcohol (hereafter “LAlc”), the Swiss Federal Council approved at a meeting on 15th September the revision of the Swiss Ordinance on Alcohol (hereafter “OLAlc”). 

The key aspects of these reforms will impact:

  • Production, importation and commerce of spirit drinks
  • Liberalisation of the ethanol market
  • Shift of the implementing power to the Swiss Federal Customs Administration (hereafter “FCA”) and liquidation of the Swiss Alcohol Board

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Posted on 16/10/2017 | 0 Comments

Are you ready for the VAT split payment mechanism coming to Romania soon?

Are you ready for the VAT split payment mechanism coming to Romania soon

The Romanian government has published the Government Ordinance n° 23/30.08.2017 introducing VAT split payment mechanism. The system will be mandatory starting 1 January 2018 and is optional since 1 October 2017. If finally accepted as such by the Senate – some modifications are under discussions, Romania will be the first EU member state to apply the mechanism in a generalised and mandatory manner, applicable for all companies registered for VAT purposes in the country.

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Posted on 10/10/2017 | 0 Comments

CJEU cases – Cost Sharing Group VAT exemption not applicable to the banking and insurance sector

CJEU cases – Cost Sharing Group VAT exemption not applicable to the banking and insurance sector

On 21 September 2017, the Court of Justice of the European Union (CJEU) rendered two decisions regarding the VAT exemption for “independent group of persons” (IGP’s – generally known as Cost Sharing Group exemption) which is heavily used in the banking and insurance sector. The CJEU substantially narrowed the scope of the VAT exemption as it is limited to IGP’s whose members conduct activities in the public interest. This will have a significant impact on the costs structure of businesses in the financial sector.

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Posted on 5/10/2017 | 0 Comments

VAT rate reductions effective as from 2018

VAT rate reductions effective as from 2018

On 24 September 2017, the Swiss population rejected the 2020 Old-Age and Survivors Insurance reform. As a result, the additional funding of disability insurance (DI) by 0.4 points of VAT will expire at the end of 2017. However, the standard and special VAT rates will increase by 0.1 point as from 1 January 2018 due to the draft measures to finance and develop railway infrastructure.

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Posted on 26/09/2017 | 0 Comments