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Indirect Tax

Indirect Tax archive
  • 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.

  • 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.

  • UK stuns with support for Bill requiring public country-by-country reporting

    September 06, 2016

    In a surprising volte face, Britain is considering becoming the first country in the world to force companies to publicly reveal how much tax they pay and where they earn the money. The about-face comes after the UK defeated a similar amendment amidst Brexit fears.

  • New Zealand charges GST on e-commerce

    August 25, 2016

    Foreign businesses offering digital services should prepare themselves for more e-commerce taxes and more rules from New Zealand.

  • Uber tax: US, Australia, and Taiwan chase new app taxes

    August 24, 2016

    Tax authorities from the US to Australia and Taiwan are circling digital service providers Uber, Airbnb and other cash-rich app disrupters in a crusade to impose higher taxes and find cutting-edge ways to subsidise the old economy.

  • Blockchain and tax: What businesses need to know

    August 23, 2016

    Tax authorities could use blockchain, the technology most well-known for its use in bitcoin, to clamp down on tax evasion – particularly in the area of VAT.

  • Tax obligations for China’s oil and gas upstream sector

    August 23, 2016

    China’s oil and gas upstream sector is a growing industry that allows international oil companies to work with the Chinese government or its designated Chinese national oil companies. Maggie Zhuang, tax manager at Chevron China Energy Company, looks at the tax obligations for businesses operating in the sector.

  • Tax technology: A brave new world

    August 23, 2016

    Tax authorities worldwide are increasingly relying on digital technologies to gather and analyse tax data, and implement intelligent systems that provide real-time tax collections and assessments. Moreover, tax data sharing among tax authorities, which will become an automated process from 2017, will help tax authorities complete more audits and investigations, creating a world where there will be nowhere to hide from the tax man. Amelia Schwanke investigates how authorities and taxpayers are adjusting to digital tools and systems and what the future holds.

  • Russia's VAT on digital services creates short timeframe for compliance

    August 16, 2016

    Businesses have just five months to prepare for Russia's new VAT rules that impose a tax on e-services from 2017.

  • Will EU SAF-T reporting be the death of VAT returns?

    August 11, 2016

    Richard Asquith, vice president of global indirect tax at Avalara, provides an analysis of the revolutionary standard audit files for tax (SAF-T) filing requirements that are sweeping across Europe.

  • Brexit survey: Are multinationals ready?

    August 10, 2016

    Brexit could cost the UK as much as £70 billion ($91 billion) a year if Britain walks away from membership in the EU single market, according to the latest estimates. So how are companies preparing? Take the ITR and KPMG survey and we'll provide a summary of respondents' answers.

  • India overcomes big hurdle on GST, so what’s next?

    August 04, 2016

    The introduction of a goods and services tax (GST) in India is a giant leap forward, but the battle to implement the country’s biggest tax reform still faces challenges.

  • Ireland clarifies VAT exemption for fund management

    August 02, 2016

    Companies receive clarity on the Irish VAT treatment for the management of special investment funds following the ECJ judgment in GfBk.

  • Tax obligations for China’s oil and gas upstream sector

    August 01, 2016

    It is absolutely necessary to plan ahead when operating in China’s oil and gas upstream sector, which allows international oil companies (IOCs) to participate in and operate the exploration development and production of petroleum resources in China.

  • Americas Tax Awards 2016 - Shortlists announced

    July 29, 2016

    The nominees for the 11th annual Americas Tax Awards have been announced.

  • Austria told to amend tax rules

    July 27, 2016

    Non-resident taxpayers operating in Austria may benefit from tax changes the country must make to comply with EU rules.

  • EU harmonises VAT rules on vouchers

    July 26, 2016

    The European Union Council has adopted the Voucher Directive, which is aimed at clarifying and harmonising the relevant VAT rules.

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International Tax Review Profile

ITR on tax technology: Part I: via @YouTube

Oct 25 2016 03:00 ·  reply ·  retweet ·  favourite
International Tax Review Profile

ITR on tax technology: Part II: via @YouTube

Oct 25 2016 02:59 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Our #ArticleOfTheWeek is now up on the Facebook page. Read it here for free:

Oct 19 2016 10:01 ·  reply ·  retweet ·  favourite
International Tax Review Profile

India's #GSTCouncil may agree on a GST rate as it begins a 3-day meeting to decide of tax bands and other issues.

Oct 18 2016 08:19 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Singapore has published a new guide today on GST zero-rating on telecommunication and related services.Find it here:

Oct 14 2016 10:07 ·  reply ·  retweet ·  favourite
International Correspondents