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Indirect Tax

Indirect Tax archive
  • Franco-German double tax treaty changes have unexpected hit on real estate

    April 17, 2015

    Changes to the double tax treaty (DTT) between France and Germany have unexpectedly affected real estate investment trusts (REITs).

  • VAT MOSS: EU to review B2C digital services rules

    April 15, 2015

    The European Commission (EC) will review its 2015 changes to VAT paid on business-to-consumer (B2C) supplies of digital services, which were implemented on January 1 2015. MOSS critics say delaying the review process could leave the digital single market “dead in the water”.

  • IMF and Eurogroup press for Greek VAT hike

    April 10, 2015

    Christine Lagarde, managing director of the International Monetary Fund (IMF), has reportedly asked Greek finance minister Yanis Varoufakis to raise the country’s VAT rate.

  • Women in Tax leaders guide - nominations open

    April 03, 2015

    This is your chance to nominate the leading women in the tax advisory world. Vote now.

  • World Tax and World Transfer Pricing 2016: The research period is now open

    April 02, 2015

    Don't miss out on your chance to be included in International Tax Review's directories of the leading tax and transfer pricing firms around the world.

  • EU’s cross-border VAT pilot scheme extended again

    April 01, 2015

    The EU is extending its cross-border rulings project pilot until September 30 2018.

  • GST starts today in Malaysia: noticeable gaps remain

    April 01, 2015

    Malaysia today starts levying goods and services tax (GST) at 6%, replacing sales and services tax. Advisers report grey areas, especially in the healthcare and financial sectors, though say that Malaysia's Revenue and Customs Department (RMCD) has been acting to provide clarity by filling in the gaps.

  • Australia eyes taxation overhaul in tax reform discussion paper

    March 31, 2015

    On March 30, Australia’s treasurer Joe Hockey announced a tax reform discussion paper titled Re:think, in prelude to a white paper expected late this year. Advisers say that reform of corporate and personal income tax hinges on changes to the rate and base of GST – an option that remains politically unpopular.

  • European Tax Awards 2015 - the shortlists are out

    March 30, 2015

    The nominees have been revealed for International Tax Review's European Tax Awards 2015.

  • Pascale Colin: Defining challenges for today's group tax manager

    March 25, 2015

    Matthew Gilleard talks with Pascale Colin, group tax manager at EFG Bank, about the role of the tax director, her journey in getting there, and operating successfully in a rapidly-evolving Swiss, European and global tax environment

  • Global oil price plunge shakes up the way governments do taxes

    March 25, 2015

    If political instability, leadership changes, and tightened tax laws weren’t strenuous enough, plummeting oil prices in the latter half of 2014 left many governments and corporations exasperated, questioning how low prices could conceivably go. Meredith McBride analyses how authorities around the world have responded with sectoral tax changes.

  • Practical considerations for Chinese withholding tax on cross-border service transactions

    March 25, 2015

    The potential Chinese tax implications of the provision of cross-border services into China are as numerous as they are confusing. Scott Heidecke and Flora Luo of Nexia International member firm Nexia TS (Shanghai) discuss some of the practical considerations.

  • Irish Revenue official: Bringing MOSS to life

    March 25, 2015

    The new EU legislation changing the place of supply of business-to-consumer (B2C) electronic services, telecommunications and broadcasting to the country of the consumer has been the VAT story of the year. Joe Stanley-Smith speaks to Dermot Donegan, head of VAT policy at the Irish tax authority (Revenue), about how the plans were finalised during the Irish presidency of the EU Council, his thoughts around their implementation and the possibility of expanding the mini one-stop shop (MOSS) to cover goods and other services.

  • Colorado SUT: What can taxpayers expect from next week’s case?

    March 25, 2015

    Taxpayers may have plenty to fear if next week’s Tenth Circuit case concerning the so-called Amazon tax goes in favour of Colorado, as it could lead other states to implement similar rules to cash in on the verdict, massively increasing US compliance burdens for online traders, as well as hitting their profits.

  • E-books judgment prompts calls for EU VAT reform

    March 25, 2015

    Ministers of culture from France, Germany, Italy and Poland have demanded the EU evolves its legislation to allow e-books to be taxed in the same way as physical books.

  • How should taxpayers deal with rising indirect tax bills?

    March 20, 2015

    A new report has identified rising indirect tax rates, the spread of VAT or GST systems and stricter taxation of e-commerce are key trends of today’s indirect tax environment.

  • Brazil: Municipal service tax – controversial aspect of the exports of services

    March 18, 2015

    The uncertainty in the municipal service tax legislation regarding the export of services from Brazil is causing debate about cross-border transactions. Ricardo M Debatin da Silveira and Gabriel Caldiron Rezende of Machado Associados argue that the municipal tax authorities’ interpretation of the law is wrong.

  • Court of Appeal in London delivers Investment Trust Companies decision

    March 16, 2015

    In its recent judgment in Investment Trust Companies (in liquidation) v Commissioners for HMRC [2015] EWCA Civ 82, the Court of Appeal in London found that investment trust companies (ITCs) could recover from the UK revenue authority, HMRC, the amount of the VAT they paid to their managers, who then paid it to HMRC, in each period claimed. However, they could not recover from HMRC the amount of any input tax set against their managers’ VAT liability. Instead, ITCs now must bring separate claims against their managers for these amounts.

  • Switzerland Focus 2015 now available

    March 12, 2015

    Leading advisers update you on the latest developments in Switzerland.

  • Tata may face double taxation after High Court allows VAT on brand royalties

    March 11, 2015

    The Bombay High Court has ruled in favour of the Maharashtra revenue authorities on levying VAT on the transfer of the right to use intangibles including trademarks, copyrights or patents.

  • China's National People's Congress debates introducing law-based taxation

    March 10, 2015

    During national legislative meetings on Sunday March 8, a draft revision of China’s Legislation Law was submitted, mandating that all taxes be imposed through legislation, which taxpayers say would provide greater consistency and transparency. The existing system allows China’s cabinet, the State Council, to collect taxes based on ‘regulations’ and ‘provisional rules’.

  • Indirect Tax Leaders guide 2015 - nominations open

    March 10, 2015

  • New VAT refund rules in the Philippines

    March 08, 2015

    The Philippines tax authority has finally issued a circular to clarify the rules on claiming VAT refunds.

  • Goods vs services: ECJ rules against France and Luxembourg in e-books dispute

    March 06, 2015

    The European Court of Justice (ECJ) has ruled that France and Luxembourg cannot apply a reduced VAT rate to e-books, despite a reduced rate being acceptable for physical books.

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OECD looks for comments on evidence for base erosion and profit shifting, how large it is & how to measure it #BEPS

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International Correspondents

After the Irish budget, what would make you more likely to put more substance into Ireland?