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Compliance Management Archive

  • July 2017

    Mexico gets tougher on formal requirements for the deductibility of expenses to non-residents

    July 31, 2017

    A new version of tax invoices was released that requires taxpayers to disclose substantially more details with respect to their transactions, adding another layer of complexities to a system that already requires heavy diligence from taxpayers to ensure their expenses meet all tax formalities to be claimed as deductible.

  • Last minute preparations likely as GCC businesses stall on VAT

    July 27, 2017

    With less than six months until VAT begins to apply across the GCC’s member nations, the majority of businesses and industries operating in the region are delaying preparations as they await final laws, raising the risk of non-compliance and subsequent sanctions.

  • Corporates must brace themselves for South Africa’s big tax measures

    July 26, 2017

    The Treasury’s draft laws, detailing their budget proposals, reveal the government’s plan to curb the use of buyback schemes, tackle dividend stripping and extend the CFC rules, among others, which are anticipated to greatly impact corporate transactions.

  • Q&A: Cypriot Finance Minister Harris Georgiades wants a more transparent and attractive hub for corporates

    July 25, 2017

    Harris Georgiades, Cyprus’ minister of finance, talks to Natalie Leonidou about tax reform and why his country is an attractive investment hub despite the drive for transparency in the wake of BEPS.

  • HMRC hails success of controversial APNs

    July 21, 2017

    UK tax authority HM Revenue and Customs (HMRC) has won every court challenge against its controversial accelerated payment notices (APNs) issued to individuals and businesses under enquiry for tax avoidance.

  • Americas Tax Awards 2017: Shortlists announced

    July 19, 2017

    The nominees for the 12th annual Americas Tax Awards have been announced.

  • UK Taylor Review rocks the boat for tax compliance

    July 19, 2017

    The much-anticipated Taylor Review on modern working practices has suggested radical changes to the UK’s tax system that could raise the compliance burden for businesses. But will the recommendations see the light of day?

  • Q&A: Bob Stack believes US tax reform looks less likely

    July 18, 2017

    Bob Stack, former US deputy assistant secretary of international tax affairs, talks to Natalie Leonidou about his new career at Deloitte and his views on US tax reform, the MLI and CbCR.

  • Macron’s corporate tax cuts: Now or never?

    July 14, 2017

    President Emmanuel Macron has overruled his prime minister to keep his election promise of implementing tax cuts in 2018, despite early disagreements over the tax pledge. But the stakes couldn’t be higher for the new government.

  • China’s TP documentation policy: The first year in review

    July 11, 2017

    Maggie Zhuang, tax manager at Chevron China Energy Company, shares her experience and lessons in complying with China’s transfer pricing (TP) policy under Public Notice No. 42, which required the information to be submitted for the first time.

  • India GST: The mechanics of compliance

    July 11, 2017

    Much like the Maruti Suzuki or iconic Hindustan Ambassador cars that changed the nature of India’s roads, the new GST system holds the potential to evolve Indian taxation forever with its intelligent structure and technological advances that are intended to bolster compliance and curb corruption. Anjana Haines examines the country’s biggest tax reform since Indian independence.

  • European Tax Awards 2017: Winners announced

    July 11, 2017

    Over 30 different firms and individuals won recognition for their unique achievements at this year’s European Tax Awards 2017 held at The Savoy, London.

  • The economics behind EU tax investigations: The way forward

    July 11, 2017

    The European Commission has made some surprising decisions in recent years about how tax rulings between multinationals and EU member states constitute state aid. In the second of this two-part series of articles, Carina Lange, senior consultant at CEG Global in the Netherlands, discusses how multinationals can maintain legal certainty and assess the risks associated with tax rulings.

  • Q&A: Indranee Rajah comes out to bat for Singapore’s reputation

    July 11, 2017

    Singapore’s Senior Minister of State for Law and Finance Indranee Rajah talks to Anjana Haines about global tax challenges and passionately defends the country’s tax reputation.

  • Tax director 2.0

    July 11, 2017

    Tax work is being transformed by technology, and the role of the tax director is changing with it. Joe Stanley-Smith looks at the new tools on offer to businesses, the skills needed to use them properly, and why companies need to jump on the bandwagon sooner rather than later.

  • Philippines tax reform to raise costly challenges for companies

    July 11, 2017

    The Philippines government has established the primary basis for a comprehensive tax reform package that is part of a wider ambitious plan for national development. Emmanuel P Bonoan, vice chairman and chief operating officer of KPMG R.G. Manabat & Co, and former undersecretary of the Philippines Department of Finance (DoF), examines the provisions of package 1 of the tax reform, which will affect multinational corporations (MNCs) and major industries.

  • Thailand to halt VAT relief for foreign suppliers of goods and services

    July 06, 2017

    Thailand’s Revenue Department has proposed repealing the VAT exemption on the importation of law-value online purchases brought from foreign vendors and introduce a withholding tax on foreign sales.

  • Q&A: Richard Murphy celebrates the victory of public CbCR

    July 05, 2017

    Salman Shaheen talks to Richard Murphy, the man who invented country-by-country reporting (CbCR), on why yesterday’s European Parliament vote means he has just achieved his life’s ambition.

  • Q&A: Pascal Saint-Amans comes out fighting for the OECD’s blacklist and CbCR standard

    July 05, 2017

    The OECD has found itself at odds with both the EU and the Tax Justice Network in the past week over divergent transparency standards. Pascal Saint-Amans, the organisation’s head of tax policy and administration, explains to Salman Shaheen why he believes its blacklist and non-public CbCR standard are the right approach.

  • Cross-sector convergence and its tax M&A implications

    July 05, 2017

    As companies scramble to keep pace with the rapidly evolving digital world, they are striking new deals and alliances – with new tax implications – to beef up their online offering and combat disruptive start-up competitors.

  • Netherlands grows as preferred holding jurisdiction for hosting Indian investments

    July 04, 2017

    In recent years both Mauritius and Singapore, and to a limited extent also Cyprus, were the leading jurisdictions for hosting investments into India, but the Netherlands is becoming a good alternative option.

  • Q&A: Paul Morton talks tax simplification

    July 03, 2017

    After the UK Office of Tax Simplification (OTS) released its first ever annual report last week, Salman Shaheen spoke to its new tax director, Paul Morton, about the impact it has made and where it will be going under his leadership.

International Correspondents