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Indirect Tax

Indirect Tax archive
  • European Commission unveils VAT rules for e-commerce businesses

    December 01, 2016

    It may become easier for e-commerce businesses to sell their goods and services online if the European Commission’s latest proposals are enacted.

  • New controversies related to the ICMS advanced payment system

    November 30, 2016

    The Brazilian Federal Supreme Court (STF) has ruled in favour of taxpayers regarding the refund of the ICMS (state VAT) in the advanced payment system. But the ruling has created more controversies.

  • EU Parliament votes in favour of VAT action plan

    November 29, 2016

    The European Parliament has backed the European Commission’s (EC’s) VAT action plan to tackle the annual cross-border VAT fraud of €50 billion ($53 billion) and harmonise VAT rules across the EU member states.

  • Autumn Statement: UK to continue with tax commitments

    November 23, 2016

    UK Chancellor of the Exchequer Philip Hammond intends to make the UK “match-fit” for a post-Brexit Britain, which includes continuing with previously announced tax measures, boostingg innovation and infrastructure, and abolishing the system of two budget events each year.

  • UK Autumn Statement preview: A fiscal reset or just a tune-up?

    November 21, 2016

    As UK Prime Minister Theresa May announces a major boost to businesses with a review of research and development incentives to ensure the UK can compete globally, we look at what Chancellor of the Exchequer Philip Hammond may announce in the Autumn Statement.

  • India’s Supreme Court rules entry taxes to be constitutional

    November 18, 2016

    Businesses operating across India have been dealt a blow, after the Supreme Court ruled that entry taxes imposed by state governments on cross-border goods from other states are constitutional.

  • Foreign sellers to be subject to Australian GST on low-value imports

    November 16, 2016

    Creating a greater compliance burden for businesses, Australia has released plans to extend its 10% GST rate to low-value goods purchased from foreign sellers and electronic distribution platforms (EDPs).

  • Exclusive VIDEO: US President-elect Donald Trump's tax plan

    November 09, 2016

    Stephen Moore, economic adviser to President-elect Donald Trump, sat down with International Tax Review in New York in the weeks before the Republican victory to discuss the details of Trump's tax and trade plans.

  • “Google tax law” in Russia

    November 07, 2016

    According to the new tax regulations in Russia that come into force on the January 1 2017, foreign IT companies that provide services by means of the internet to individuals (not self-employed persons) residing in Russia will have to pay value added tax (VAT).

  • India’s GST Council agrees on rates

    November 03, 2016

    India’s GST Council has agreed on a rate structure for the country’s new goods and services tax (GST) regime, due to enter into force on April 1 2017.

  • World Tax guide to the best tax advisers launched

    November 03, 2016

    World Tax 2017, International Tax Review's guide to the leading tax advisory practices around the world, including law and accountancy firms, is live and free to view now.

  • VAT omitted from Finland’s banking services to corporates

    October 28, 2016

    Businesses receiving investment banking services in Finland for the sale or purchase of shares should not pay VAT on such services, according to a recent court ruling that also allows companies to reclaim several years of paid indirect taxes.

  • E-commerce: The global shift in taxation

    October 26, 2016

    Distance-selling regimes that impose a sales tax on digital goods and services are spreading across the globe. Joe Stanley-Smith looks at how these changes are being shepherded by the OECD.

  • Q&A: Brazil’s troubled retail sector

    October 26, 2016

    Brazil’s retail sector is shrinking, but governments want more revenue, so where does that leave businesses? The tax chief at international fashion retail company C&A talks to Amelia Schwanke about the changes taking place in the notoriously complicated tax jurisdiction.

  • Businesses rush to prepare for UAE VAT

    October 13, 2016

    The United Arab Emirates is on target to implement its VAT regime on January 1 2018, but with the final VAT Law yet to be published businesses face a tight deadline to make sure they have the tools to comply with the new system.

  • Alvarez & Marsal Taxand take on new managing director

    October 12, 2016

    Mairéad Warren de Búrca has been appointed to managing director in Alvarez & Marsal Taxand's indirect tax practice in the UK.

  • Businesses to be penalised for unknown involvement in VAT fraud

    October 05, 2016

    Companies will have to take extra care to ensure their transactions have no connection with VAT fraud to avoid new sanctions proposed by the UK government.

  • Americas Tax and Transfer Pricing Awards 2016

    October 03, 2016

    McDermott Will & Emery, the winner of the Americas Tax Firm of the Year, has shown the greatest strength in depth on both continents. The firm was honoured at the Americas Tax Awards in New York on September 15 2016. Deloitte were honoured as Transfer Pricing Firm of the Year.

  • Taiwan to introduce VAT for online retailers

    September 29, 2016

    Taiwan is to become the latest country to levy VAT on online foreign retailers, following similar OECD-inspired laws introduced by the EU and countries including Japan, Russia, South Korea, Australia and New Zealand.

  • Brazilian taxpayers challenge the PIS and Cofins levy on financial revenues

    September 28, 2016

    Brazilian taxpayers go to court to challenge the increase of the PIS and Cofins after nearly 10 years of a zero rate being applied on financial revenues.

  • Egypt introduces VAT regime

    September 22, 2016

    Egypt has published the VAT Act, replacing the general sales tax (GST) with a VAT regime. Among a host of new rules, the law introduces new compliance provisions for non-residents that provide goods and services to Egyptian businesses or individuals.

  • VAT grouping conference opens in Dublin

    September 13, 2016

    In-house tax advisers and EU policymakers are in Dublin this week to discuss the future of VAT grouping.

  • India’s tax plans steaming ahead as GST Council gets approval

    September 12, 2016

    India’s goods and services tax (GST) reform is taking shape as plans to establish a GST Council and secretariat were approved by the Cabinet of Ministers on September 12, the same day that the 122nd Constitutional Bill for GST implementation entered into force.

  • EU nations losing billions in uncollected VAT

    September 06, 2016

    The European Commission has released figures on the ‘VAT Gap’ that support its plan to overhaul the EU's VAT system and introduce a definitive regime for cross-border trade in the EU.

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International Tax Review Profile

China will waive capital gains tax for foreign investors trading through the Shenzhen-Hong Kong exchange link:

Dec 2 2016 09:37 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Switzerland & New Zealand have today signed a joint declaration to introduce the AEOI.Data will be collected from 2018 & exchanged from 2019

Dec 2 2016 09:34 ·  reply ·  retweet ·  favourite
International Tax Review Profile

UK Public Accounts Committee has said the UK should take the lead on public CbCR and push for an international agreement on its introduction

Dec 2 2016 09:31 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Australia is enhancing the wine equalisation tax rebate to support the the grape growing, winemaking and the associated tourism sector

Dec 2 2016 08:48 ·  reply ·  retweet ·  favourite
International Tax Review Profile

EU companies will benefit from EC's new measures to improve #VAT for e-commerce businesses

Dec 1 2016 11:24 ·  reply ·  retweet ·  favourite
International Correspondents