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Indirect Tax

Indirect Tax archive
  • Singapore budget to focus on GST and digital sales

    February 14, 2018

    A new e-commerce tax, tax hikes, and changes to the goods and services tax (GST) regime that may affect MNEs are all highly likely in Singapore’s 2018 budget next week.

  • Limited tax perks for MNEs in India’s last budget before 2019 elections

    February 07, 2018

    In a budget that will play well with the electorate ahead of the 2019 elections, Arun Jaitley gave generously to some businesses, but left MNEs disappointed, and with a potentially higher tax burden.

  • Practical aspects of applying a split payment for Polish VAT payers

    February 06, 2018

    The European Union (EU) countries are losing billions of euros in value added tax (VAT) every year because of VAT fraud and inadequate tax collection systems. The issue of how to improve the VAT collection process has been hotly debated. As a result, EU countries have been introducing several measures to increase VAT compliance and make their VAT systems more fraud-proof.

  • Watch again: ITR webinar examines 2018 India budget in detail

    February 06, 2018

    On the day of the India budget, International Tax Review and representatives from Dhruva Advisors, Taxsutra and JSW Steel examined the tax implications for multinational companies.

  • Tax considerations applicable to consortiums in the upstream sector in Mexico

    February 02, 2018

    Derived from the implementation of the energy reform in Mexico, the Mexican Government is carrying out diverse biding processes to award contracts for exploration and production of hydrocarbon activities. Round 2.4., in which 29 deepwater blocks were offered, was carried out on January 31 2018 and was extremely successful.

  • India budget 2018: Changes expected for GST, LLPs and start-ups

    January 31, 2018

    Taxpayers can expect numerous changes in India’s 2018 budget, with corporate tax, minimum alternate tax (MAT), goods and services tax (GST), dividend distribution tax (DDT) all likely to be affected.

  • VAT implementation in Saudi Arabia and UAE has teething problems

    January 30, 2018

  • Italy leads the way with trend-setting digital sales tax

    January 30, 2018

  • Q&A: EC’s Stephen Quest talks about the EU’s digital tax future

    January 30, 2018

    The European Commission’s Director General for Taxation and Customs Union tells International Tax Review about how the European Commission is pushing ahead with its plans for a digital tax framework, how it will work with OECD initiatives, and the emerging industries and technologies making their mark.

  • China gets competitive with foreign investor tax incentive in wake of US tax reform

    January 30, 2018

    A tax war could begin between the world’s two biggest economies after China said it will allow foreign investors to claim a refund for direct investment made in 2018. Can taxpayers expect further perks in 2018 in reaction to the US tax reform?

  • 2018: The busiest tax year yet

    January 30, 2018

    The work of corporate tax departments over the next 12 months will be dominated by large international changes such as the BEPS project, US tax reform and shifting attitudes toward taxation of the digital economy. Joe Stanley-Smith explores what companies can do to stay ahead of the curve.

  • Tax wars in Brazil and the great expectations for 2018

    January 30, 2018

    Renata Correia Cubas, partner at Mattos Filho, writes about the landmark progress made so far on tackling the tax wars between Brazilian states on state VAT and what you can expect from 2018.

  • UK Brexit Taxation Bill leaves businesses at risk

    January 24, 2018

    On January 8 2018, the legislation setting the UK’s post-Brexit customs and VAT regimes passed its second reading in the House of Commons. The preliminary statute prepares the country to take full governorship of its customs and VAT regimes from 30 March 2019, when the UK is scheduled to depart the European Union (EU).

  • Final week to enter for the European Tax Awards

    January 23, 2018

    The deadline to submit for the European Tax Awards is fast approaching. Companies, firms and individuals working in jurisdictions across Europe should enter now.

  • The reporting and taxability of cryptocurrencies

    January 19, 2018

    Whoever thought that today’s investor would be trading something called Bitcoin, a valuable item that neither resembles a metal coin or paper certificate? It’s amazing to think that a single line of code can be valued at $16,000 or more. How are these virtual currencies even regulated? For now, it seems there are more questions than answers regarding cryptocurrencies.

  • Final days to enter for the Asia Tax Awards 2018

    January 15, 2018

    The deadline to submit for the Asia Tax Awards 2018 is fast approaching. Companies, firms and individuals working in jurisdictions across the Asia Pacific region should enter now.

  • How Facebook could threaten Ireland’s tax revenue boom

    January 11, 2018

    The Irish government has declared its first budget surplus in a decade and many observers have attributed this to corporate tax receipts, but Facebook’s decision to change its business model poses risks to government coffers if other MNEs follow suit.

  • Russia extends 'Google tax' as part of tax code changes

    January 02, 2018

    The Russian government is preparing to extend the so-called ‘Google tax’ as part of changes to its tax code after President Vladimir Putin signed off on the proposals in December 2017. The government has also announced several other changes.

  • ECJ sets precedent for VAT calculation rebates in the pharmaceutical industry

    December 21, 2017

    In the EU case involving global pharmaceutical company Boehringer Ingelheim, the European Court of Justice (ECJ) has set precedent on the long-debated matter of how rebates should be treated for VAT purposes when they are provided to parties not operating in the same distribution chain. Jan Sanders, who has been professionally analysing the matter for several years, discusses the impact of the ruling, which is significant for drug makers, health insurers and governments throughout the whole EU.

  • The surprising ways governments and tech companies are working together to close tax loopholes and promote compliance

    December 14, 2017

    Historically, there has been long-standing friction between governments and businesses due to complexities within outdated tax laws and compliance processes. As a result, businesses face many obstacles and take on additional costs as they look to grow and expand, while governments fail to collect the true taxes owed, hurting their ability to effectively serve their community.

  • ECJ: Postal address on invoice for VAT purposes is sufficient

    December 11, 2017

    The European Court of Justice’s decision on the possibility of using postal addresses on invoices confirms how the EU VAT Directive should be interpreted. However, the ruling is not restricted to suppliers.

  • Brexit means full alignment on customs

    December 08, 2017

    After months of gruelling negotiations, the EU and the UK have finally settled on the first parts of a Brexit deal covering the questions around the single market and customs union with major implications for tax policy.

  • EU to step up information sharing in digital VAT fraud plan

    December 04, 2017

    The European Commission (EC) has proposed new tools to help its member states combat VAT fraud through greater information sharing.

  • UAE and Saudi Arabia ready for VAT: Are you prepared?

    December 01, 2017

    The United Arab Emirates and Saudi Arabia have published their final VAT laws, but questions remain over just how ready the GCC and its taxpayers are for VAT with only a month to go.

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International Tax Review Profile

Good news for tax professionals as US Treasury proposes to repeal 298 outdated tax regulations. https://t.co/U2ipmjA8gi

Feb 13 2018 03:40 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @MPAgnew: Roses are red And subject to VAT Unlike other things Such as garments not suitable for older persons made from Tibetan goat fu…

Feb 8 2018 03:48 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @jmfeiner: If violets are red and roses blue, no worries, it's in s 14AZ(3),(bb)(ii) #TaxValentines #Simplification

Feb 8 2018 02:14 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @LBellavite: Roses are red Unfortunately it is true In beautiful Italy A web tax is due #TaxValentines

Feb 8 2018 02:14 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @WinklerPartners: Lunar New Year public holiday dates: Taiwan: 15-20 February China: 15-20 February Vietnam (Tet): 15-20 February Hong…

Feb 8 2018 12:31 ·  reply ·  retweet ·  favourite
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