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Indirect Tax Archive

Month:   Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
  • December 2012

    Australia considers lowering GST threshold for online goods

    December 19, 2012

    The Australian government is looking into the possibility of lowering the GST threshold for imported goods purchased online.

  • Simpler EU VAT invoicing rules will cut compliance costs

    December 19, 2012

    New EU VAT rules that will simplify VAT invoicing procedures and cut compliance costs for European business will come into effect from January 1 next year.

  • UK approach to bad debt relief has implications across the EU

    December 19, 2012

    Gary Harley, head of indirect tax at KPMG, looks at the implications the UK approach to bad debt relief (BDR) has for EU member states.

  • Vodafone wants Commission to go further with telecommunications VAT reform

    December 19, 2012

    The European Commission yesterday adopted the final proposal in a package of measures that is aimed at making the taxation of telecommunications, broadcasting and electronic services fairer and more business friendly. But Europe’s largest mobile telecommunications company does not believe it goes far enough to ease the administrative burden.

  • European Parliament backs FTT

    December 17, 2012

    The financial transaction tax (FTT) was brought one step closer last week when the European Parliament voted to allow 11 member states to proceed with it under enhanced cooperation.

  • Pitcher Partners strengthens Australian indirect tax practice

    December 14, 2012

    Baker Tilly Pitcher Partners has hired Tim Martino as a manager in the firm’s Tax Services division in Perth. He leaves a tax management role at Ernst & Young.

  • Leaked emails reveal companies explored shipping via Belgium to the UK to circumvent LVCR removal

    December 12, 2012

    Companies explored a new route through Belgium to circumvent the UK's removal of low value consignment relief (LVCR) on Channel Islands mail order in April 2012, evidence has emerged. Jersey Post denies involvement, but retailers opposed to the scheme believe the option is still being looked at.

  • Prepare for more Canadian indirect tax changes in 2013

    December 12, 2012

    With 2013 only a few weeks away, significant indirect tax changes in Canada are fast approaching and businesses should consider the impact on their 2013 financial budgets, explains John Bain of KPMG.

  • UK tourism industry calls for VAT cut as data reveals UK has highest consumption taxes in G8

    December 12, 2012

    A VAT cut to boost tourism is being called for in the UK, reinforced by data showing the country has the G8’s highest taxes on sales and consumption.

  • Will Russia replace VAT with sales tax?

    December 12, 2012

    Russian Prime Minister Dmitry Medvedev said last week that he is considering reinstating the sales tax, which could replace VAT. But while it has some advantages, there are a number of compelling reasons why Russia is unlikely to replace VAT with sales tax in the near future.

  • What you have missed on ITR Premium

    December 10, 2012

    Ireland-US FATCA agreement; UK & Ireland tax accounting standards; UK Autumn Statement; Germany-Switzerland tax agreement; Indian reverse charge mechanism; OECD VAT guidelines; Holding companies and VAT groups; and Strategic dividend distribution.

  • What you have missed on ITR Premium

    December 06, 2012

    UK on FATCA; US unveils FATCA Model 2 agreement; Canada-Hong Kong DTA analysis; UK firms call for tax breaks; US sales and use taxes; UK VAT; Russian Supreme Court; and Canada’s Morguard ruling.

  • Calls continue for Australian GST reform

    December 05, 2012

    The Australian goods and services tax (GST) regime is continuing to polarise opinion after former Liberal premier Nick Greiner’s review into GST distribution at the end of November.

  • Expansion of reverse charge mechanism in India

    December 04, 2012

    Pratik Jain of KPMG looks at what the expansion of the reverse charge mechanism means for taxpayers in India

  • OECD moves forward with VAT Guidelines

    December 04, 2012

    The OECD is making strong progress with its VAT Guidelines after its Global Forum on VAT met for the first time last month and agreed on the need for principles to ensure VAT systems interact consistently to facilitate rather than distort international trade.

  • Commissioner Semeta reveals tax priorities for 2013

    December 03, 2012

    The European Commission has another busy year ahead as the financial transaction tax (FTT) and VAT reform go full speed ahead, while it looks at ways to crack down on tax avoidance and it looks to press on with the common consolidated corporate tax base (CCCTB). Salman Shaheen speaks to Algirdas Šemeta, Commissioner for Taxation and Customs Union, Audit and Anti-Fraud about what he has planned for 2013.

International Correspondents