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Indirect Tax Archive

  • April 2017

    UK losing billions from leaky online VAT laws

    April 27, 2017

    The UK is losing between £1 billion and £1.5 billion ($1.3-1.9 billion) to online VAT fraud and errors per year, a new report has said. The report comes just days after the EU said it could fine the UK €2 billion for failing to charge customs duties on the import of Chinese goods.

  • Indirect Tax Forum: Highlights

    April 26, 2017

    On March 30, International Tax Review hosted its Indirect Tax Forum at the Hyatt Regency Hotel in Düsseldorf, Germany, in association with WTS. The day was a great success, with open dialogue from in-house tax professionals, tax advisers and campaigners. Here, conference host Joe Stanley-Smith presents some of the highlights from the day.

  • Planning it safe: Less risk and more substance

    April 26, 2017

    Tax planning is adapting to reflect a more transparent and technological world, bringing with it a change in attitudes and new challenges for taxpayers. The decisions made now should not be underestimated as they could have unexpected consequences later.

  • Proposed new tax regime targets real estate in Sweden

    April 26, 2017

    Sweden plans to introduce new rules on the taxation of commercial real estate that may complicate tax credits for foreign taxpayers and potentially result in double taxation. Richard Hedin Thyr, tax partner, and Hussein Abdali, tax adviser, at Skeppsbron Skatt, Taxand Sweden, analyse what these proposals could mean.

  • GCC VAT: Half of businesses have not begun preparing – they must start now

    April 13, 2017

    Half of all businesses and MNEs operating across the Middle East or selling into the region have not started preparing for the new VAT system that is scheduled to be implemented on January 1 2018.

  • The sun is shining for solar panel manufacturers in Uruguay

    April 07, 2017

    The Uruguayan government has approved new tax benefits for companies that manufacture solar panels that will allow them to receive tax exemptions in a number of ways.

  • Uruguay imposes strict taxes on Uber and Cabify

    April 07, 2017

    Uber, Cabify and other companies (the companies) that operate apps offering transportation services are now required to pay several taxes in Uruguay or face their accounts being frozen.

  • Belgium introduces exit tax rules as it implements ATAD

    April 06, 2017

    Belgium introduces a deferred payment regime for companies required to pay exit taxes on the cross-border relocation of assets, migration or restructuring in line with the EU Anti-Tax Avoidance Directive (ATAD).

  • Brazil Federal Supreme Court deems inclusion of ICMS in the PIS/COFINS taxable basis unconstitutional

    April 03, 2017

    The Brazilian Federal Supreme Court ruled in favour of the taxpayers, determining that the state VAT should not be included in the concept of “gross revenues” for the purpose of the PIS/COFINS taxable basis.

International Correspondents