Summary 376 posts
RSM had strong competition \'on the International Accounting Bulletin Awards\' from fellow networks PwC, Grant Thornton International and BDO, all shortlisted in the same category.
Read moreThe Cross-Border Ruling (CBR) system intended to support preliminary decision making launched in June 2013 as a test case for 18-months under the framework of the EU VAT Forum was evaluated after one year.
Read moreAt its meeting held in Tokyo, Japan on 17-18 April 2014 and attended by the representatives of more than 100 countries and international organisations, the Organization for Economic Coordination and Development (OECD) discussed and approved the Guidelines on certain issues of the VAT treatment of international transactions.
Read moreTaxpayers will be able to meet registration, tax return filing and tax payment obligations efficiently through the One Stop Shop VAT system selectable from 2015 in which the relevant obligations can be fulfilled through one registration, filing only one tax return per period and making only one transfer.
Read moreFrom the coming year, the service providers providing telecommunication, broadcasting and electronic services (hereinafter: “TBE services”) to individuals will have to fulfil their VAT obligations in each member state in which the individuals using their services have their permanent address or place of stay, perhaps in each of the 28 member states of the EU. Registration, tax return filing and tax payment obligations can be fulfilled efficiently from 2015 in the One Stop Shop system taxpayers can choose to apply for this purpose. The main point of the One Stop Shop system is that the relevant obligations can be fulfilled through one registration, filing only one tax return per period and making only one transfer.
Read moreA single article, Article 9a of the Implementing Regulation 1042/2013 defines which member of a supply chain, providing electronic or telephone services through the internet, will have to raise a VAT invoice to consumers who are non-taxable entities – the explanatory notes issued on 3 April include an additional 22-page explanation to Article 9a. Our below summary intends to provide a short and practical summary of the most important aspects of the rule becoming effective from next January.
Read moreIn my first post on the entry into force of the new civil code, I presented the transitional provisions relating to legal persons. The act containing entry into force provisions also includes special rules for other cases the most important of which I summarized below.
Read moreThe effective date of the new Civil Code is 15 March 2014 when the previous Civil Code, which has been in effect for over 50 years, will be replaced by the new legislation. In our series of articles on the Civil Code our main purpose is to discuss the most significant changes affecting companies and businesses.
Read moreThe rules of the place of supply of telecommunication, broadcasting and electronically provided services supplied to individuals will change substantially from 2015: in line with the amendment of the EU VAT Directive, VAT will be payable on these services in the state in which the recipient’s permanent address or place of stay is located. Considering the availability and mobility of these types of services, the service provider may easily incur tax liability in all of the 28 member states.
Read moreAs any decision of the Court of Justice of the European Union concerning Hungary, the case of Hervis Sport- és Divatkereskedelmi Kft. (C-385/12) also received much attention, but this matter was not resolved with last week’s decision. The ball is on the Hungarian court again as it is now up to the Hungarian court to decide whether the special retail tax is actually detrimental to foreign company groups.
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