Indirect Tax

Swiss pension funds pay too much VAT

In institutional fund management business, fund managers often receive their management fees directly from the investors in the fund (e.g. Swiss pension funds) rather than from the fund itself. Previously, the payment of these fees triggered Swiss VAT (currently 7.7%), albeit incorrectly.

Brexit: What does it mean for customs and VAT?

So, 52 percent of the British have voted to leave the EU yesterday, sending shockwaves around the world. What now? This article provides a snapshot of what could be the future from an indirect tax perspective.

European Action Plan on VAT – important but not (yet) urgent

The Executive Body of the European Union is committed to deliver on its 1993 promise of a single VAT area. In addition the Commission wants to close the VAT gap - the difference between tax due and tax collected. Lastly, a "modernized rates policy" shall reflect recent trends of digitization and tackle unfair tax rate competition.
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FAIF: conséquences pour les employeurs et les employés

L’entrée en vigueur de la Loi fédérale sur le financement et l’aménagement de l’infrastructure ferroviaire (ci-après «FAIF») au 1er janvier 2016 soulève, pour les employeurs et les employés, de nouvelles questions quant à la limitation des frais professionnels au titre des déplacements effectués entre le domicile et le lieu de travail.

FABI: Auswirkungen für Arbeitgeber und Arbeitnehmer

Mit der Einführung des Bundesgesetzes über die Finanzierung und den Ausbau der Eisenbahninfrastruktur (nachfolgend FABI) ab 1. Januar 2016 entstehen neue Fragestellungen für Arbeitgeber und Arbeitnehmer in Bezug auf die Begrenzung der Berufskosten für den Arbeitsweg.
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New Italian VAT measures on Inward Processing Relief

A law that introduces changes to the Italian value added tax (VAT) provisions - specifically concerning “inward processing relief” that is available for certain intra-EU transactions - came into force on 18 August 2015.