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Indirect Tax

Indirect Tax archive
  • Singapore budget confirms shift to indirect taxation

    February 24, 2017

    Proposals in Singapore’s 2017-18 budget confirmed the government’s plans to shift from a direct tax base to an indirect one, with several measures proposing the introduction of new taxes on companies.

  • US tax reform: What is the likelihood of a border adjustment tax?

    February 16, 2017

    The proposed border adjustment tax has provoked the business world to take action to oppose it, but with US President Donald Trump’s offer to repeal 75% of existing regulations perhaps sweetening the deal, will businesses take the bait?

  • Tax hikes likely as South Africa tries to plug deficit

    February 14, 2017

    Finance Minister Pravin Gordhan is set to announce higher tax rates, as well as other measures, in his upcoming 2017/18 budget that could either boost the economy or deliver the final knockout punch to his career as finance minister.

  • Nominations open for Indirect Tax Leaders guide

    February 13, 2017

    The research period for the sixth edition of International Tax Review's Indirect Tax Leaders guide has begun.

  • Israeli Deutsche Bank CEO trapped in tax probe

    February 10, 2017

    Boaz Aharon Schwartz, the CEO of Deutsche Bank’s local subsidiary in Israel, has been arrested on suspicion of tax and VAT offenses that involves more than ILS 550 million ($147 million) worth of illegal transactions.

  • Businesses in limbo as NAFTA renegotiations threaten tariffs

    February 09, 2017

    US President Donald Trump’s threats to impose tariffs and duties on imports have dealt a blow to the security and longevity of the North American Free Trade Agreement (NAFTA). Pending renegotiations between the US, Canada and Mexico are becoming a cause for concern for companies.

  • Transatlantic tax tensions grow over business poaching

    February 08, 2017

    EU leaders are queuing up to criticise the US and UK over plans to slash corporation tax, while US President Donald Trump makes provocative comments on the European project. The growing conflict means corporate CEOs are left scratching their heads on tax planning and whether to shift manufacturing, IP and profit into the US.

  • GCC countries take major step towards VAT implementation

    February 02, 2017

    Bahrain’s Minister of Finance Shaikh Ahmed bin Mohamed Al Khalifa has signed the Gulf Cooperation Council’s (GCC’s) agreement on unified VAT and selective taxation, paving the way for VAT to be introduced across the six member nations from 2018.

  • Saudi Arabia approves VAT

    February 02, 2017

    Saudi Arabia has become the third Gulf Cooperation Council (GCC) country to approve the region’s proposed 5% VAT as the region moves ahead with the biggest tax change in recent years.

  • EU Advocate General: UK and Gibraltar ‘one entity’ for tax issues

    February 01, 2017

    Companies could continue to face a double tax charge after an Opinion from a European Court of Justice (ECJ) advocate general said that the UK and Gibraltar should be treated as a single entity for tax purposes in the high-profile Gibraltar Betting and Gaming Commission case.

  • European Tax Awards 2017: Final week for submissions

    January 30, 2017

    Companies and firms have one week left to enter for the European Tax Awards 2017.

  • Effects of the suspension of the oil & gas special customs regime in the State of Rio de Janeiro

    January 30, 2017

    The state of Rio de Janeiro has suspended the REPETRO, an essential special customs tax regime for companies of the Oil & Gas industry. Nevertheless, some negative effects of the measure may be mitigated.

  • Final days to vote for the top tax transactional and tax planning firms

    January 26, 2017

    Two forthcoming issues of International Tax Review will include surveys of the leading tax transactional (March) and tax planning firms (May) around the world. This is your opportunity to vote.

  • Q&A: China’s changing tax landscape

    January 25, 2017

    China’s tax environment is rapidly changing to become more aligned with international standards, alongside more transparent and business-friendly policies. The Director General of International Taxation for China Tizhong Liao talks to Amelia Schwanke about his thoughts on recent tax developments and what businesses can expect in 2017.

  • Swiss Court upholds CHF 100 million import VAT adjustment

    January 25, 2017

    Swiss companies with cross-border supply chains need to check they fully comply with Swiss laws on VAT and importation after a recent case that went in favour of the tax authorities.

  • India budget presents opportunities for pro-growth measures

    January 23, 2017

    Dhruva Tax Advisors and International Tax Review will present an analysis of the Indian Budget shortly after it is announced on February 1.

  • General VAT reverse charge: The view from Central Europe

    January 17, 2017

    Austria, Bulgaria, the Czech Republic, Hungary and Slovakia are seen as the key supporters of the European Commission’s generalised reverse charge mechanism (GRCM), but not all industries or multinationals in these countries will benefit from it.

  • India’s stalled GST regime

    January 17, 2017

    Businesses gain more time to prepare for India's goods and services tax (GST) regime after the implementation date of the country's biggest tax reform is delayed again.

  • Global VAT reform takes on new impetus in 2017

    January 11, 2017

    In 2017, governments in Europe and around the world will divert their energies away from austerity VAT hikes aimed at combating various financial crises to refining their indirect tax regimes to fight fraud and help promote their economic priorities.

  • The Asia Tax Awards 2017: Enter your firm now

    January 06, 2017

    Companies, firms and individuals in 18 jurisdictions are eligible to compete for the Asia Tax Awards 2017.

  • EU to take ‘nuclear option’ on VAT fraud and allow reverse charge systems

    January 06, 2017

    The European Commission (EC) plans to take drastic action to tackle the €50 billion ($53 billion) in annual EU cross-border VAT fraud by allowing member states to deviate from the VAT Directive.

  • Spain targets large companies to boost tax revenues

    December 21, 2016

    With the political logjam in Spain now cleared and a new government in situ, Royal Decree-Law 3/2016 ushers in a raft of tax amendments to see the year out with the aim of consolidating public finances.

  • Multinationals playing catch-up with India’s new digital sales tax regime

    December 16, 2016

    India’s new digital sales tax regime was announced with just three weeks for businesses to comply. Two weeks since its introduction and it seems foreign companies are still unclear on how to administer the tax.

  • GCC VAT: Initial steps towards implementation

    December 15, 2016

    The introduction of VAT in the Gulf Cooperation Council (GCC) member states marks the start of some of the most far-reaching changes in the region since the 1960s. Therefore, this change should not be taken lightly by any business operating in the region. Justin Whitehouse, Middle East indirect tax leader, and Tuulia Nurmi, manager of indirect tax at Deloitte Middle East, discusses how companies can successfully prepare for the tax.

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International Tax Review Profile

End UK tax incentives for diesel vehicles, ministers are urged https://t.co/1TZFtsIMBu

Feb 27 2017 01:39 ·  reply ·  retweet ·  favourite
International Tax Review Profile

The new DTA between Singapore and Uruguay will enter into force on March 14 2017, the IRAS confirmed today. DTA here:https://t.co/WZPHRGlj8f

Feb 27 2017 10:59 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Singapore and India's 3rd protocol to their DTA has entered into force today, the IRAS announced https://t.co/HbtBHwrRyx

Feb 27 2017 10:57 ·  reply ·  retweet ·  favourite
International Tax Review Profile

South Africa budget raises top personal income tax rate, but a loophole remains https://t.co/FJyRdADNtL

Feb 22 2017 03:21 ·  reply ·  retweet ·  favourite
International Tax Review Profile

The second edition of the Investor’s Guide to Property Tax has been published by Singapore https://t.co/cssDmyfZWk

Feb 21 2017 09:10 ·  reply ·  retweet ·  favourite
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