PwC's ebiz & ecommerce portal In year 2015 and beyond

Global conference “The Future of VAT in a Digital Global Economy” – Vienna – 24-26 September 2014

Global conference

What’s the future of VAT in a digital global economy? How are corporate, individual income taxes and VAT connected in a global digital economy?

Distinguished academics, policy makers from bodies such as the OECD, IMF and the EU Commission as well as practitioners and government representatives from all over the world will elaborate on the hottest topics regarding VAT related to the digitalisation of the global economy. They’ll be joined by leading PwC experts from the US (Peter Merrill), UK (Martin Blanche), Ireland (Tom Corbett), the Netherlands (Stef van Weeghel, Global Tax Policy Leader PwC), Sophie Claessens from the Belgian ...

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Czech virtual currency update

Czech virtual currency update

The new Czech virtual currency, Czech Crown Coin (officially named by the authors “CZC”) was for the first time offered to the public this week (Tuesday, 19th August) at noon, as part of a press conference held by its founders. The interest of the public in purchasing CZC was bigger than expected. The pre-mined amount released in the initial edition of 100,000 CZC was sold out within nine and half hours, whereby a third of this limited amount was sold already within the first hour! It is planned that within the next days, an additional set of 100,000 CZC will be offered to the public. After these ten days (on Friday, 29 ...

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The first Czech virtual currency starts today!

The first Czech virtual currency starts today!

Another virtual currency was “borne” today (17 July 2014) at noon. A Czech Crown Coin (the abbreviation used by the authors is “CZC”) as it is called, is established. The announced amount of coins is 100 million and the currency will be, similarly to other virtual currencies, mined. The mining website was opened at the same moment. Half of the total volume of CZCs has been already pre-mined, the other half should be mined within the next 4 to 10 years. The distribution of a limited number of free-of-charge coins to registered Czech citizens is announced to start in the first half of September 2014.

As other virtual currencies, ...

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VAT Conference In Warsaw on 9 September 2014 – place of supply of services / Mini One Stop Shop (MOSS) – Registration by 25 July

VAT Conference In Warsaw on 9 September 2014 – place of supply of services / Mini One Stop Shop (MOSS) - Registration by 25 July

The European Commission and the Polish Ministry of Finance are organizing a conference in Warsaw on 9 September 2014. The aim of the conference is to inform about the new rules (which can be found here) on the place of supply of telecommunications, broadcasting and electronic services provided to non-taxable persons (final consumers) as well as an optional Mini One Stop Shop (MOSS) system, which will become effective as of 1 January 2015.

Further information about the conference as well as the registration form (Annex 2) can be found in the invitation. Interested representatives from EU and non-EU businesses are kindly requested to ...

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Advocate-General: Using supplier’s infrastructure may lead to a fixed establishment for VAT purposes

Advocate-General: Using supplier’s infrastructure may lead to a fixed establishment for VAT purposes

The Advocate General (AG) released her opinion in the interesting VAT case dealing with the situation whether a foreign company can be regarded as having a fixed establishment in the supplier’s Member State by using the supplier’s infrastructure.

Background

A Polish company, Welmory Sp.z.o.o (Welmory PL), entered into a cooperation agreement with an associated Cypriot company (Welmory Limited, Welmory CY). The Cypriot company maintained Welmory PL’s Polish website via which Welmory PL organized online auctions of goods for its own account to final customers. In order for the customers to bid in the auctions, they had to ...

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EU 2015 VAT on digital supplies: EU Commission published additional guidelines on the audit & control under MOSS

EU 2015 VAT on digital supplies: EU Commission published additional guidelines on the audit & control under MOSS

On 13 June the EU Commission has published additional guidelines on the audit of the VAT Mini One Stop Shop scheme (MOSS).

The additional MOSS guidelines are available on the EU Commission’s website in English (Link). It will be translated in all EU languages, as well in Chinese and Japanese.

The guidelines include additional information for businesses signing up for the Mini One Stop Shop and notably on:

  • how to best contact businesses as part of an audit;
  • the method businesses should use to provide the information required by an audit.

These are recommendations only and not binding for the EU Member States.

Interesting to note ...

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US Indirect Taxes – Current issues facing global sellers on 26 June 2014

US Indirect Taxes - Current issues facing global sellers on 26 June 2014

PwC US’ State and Local Tax practice will have a webcast on Thursday, June 26th 2014 from 8:00 – 8.35 AM ET (14:00 – 14:35 CEST) focusing on the indirect tax considerations for foreign companies selling products or services into the United States. Among others, the webcast will include an overview of US sales and use taxes, and outline some of the key issues foreign sellers need to consider when making business in the US. The webcast will highlight recent efforts by the states to expand their jurisdictional reach as well as US federal legislative developments impacting remote seller requirements to collect US sales and use ...

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VAT 2015 on eservices: London Conference on 2 June 2014

VAT 2015 on eservices: London Conference on 2 June 2014

Last 2 June 2014, PwC attended the information session organised by the UK’s HMRC, at the Queen Elzabeth II Conference Centre in London, relating to the EU’s new VAT rules on B2C telecoms, broadcasting and electronic services and the Mini One Stop Shop (MOSS) registration scheme that are due to take effect on January 1, 2015.

The event was attended by hundreds of representatives from the electronic services industry, as well as accountants and tax experts. It was organised by UK’s HMRC in collaboration with the Irish Revenue and the EU Commission. The event was also streamed online and open to questions from those present and ...

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EU 2015 VAT Changes: 2 June EU VAT Conference in London will be streamed on-line

EU 2015 VAT Changes: 2 June EU VAT Conference in London will be streamed on-line

In our previous posts (here and here) we reported that the European Commission in cooperation with the HMRC (UK tax and customs services) will hold a seminar in London on 2 June 2014 to inform businesses of the 2015 VAT rule changes.

For those of you who cannot attend the conference in person, it is good news that it will also be streamed on-line. Please follow this link and contact VAT2015.londonseminar@hmrc.gsi.gov.uk to get a password.

USA: Michigan Court finds certain cloud computing services not subject to sales and use tax

USA: Michigan Court finds certain cloud computing services not subject to sales and use tax

The Michigan Court of Claims recently held in a summary disposition that remotely accessed software is not subject to Michigan sales and use tax. The court held that software accessed remotely was neither tangible personal property nor ‘used’ by the taxpayer as defined under Michigan statutes. Further, any prewritten computer software provided to the customer was only an incidental component of the various services purchased and did not subject the charges to tax. [Auto-Owners Insurance Company v. Department of Treasury, State of Michigan Court of Claims, No. 12-000082-MT (March 20, 2014)]

In detail

Auto-Owners Insurance Co. ...

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