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Indirect Tax

Indirect Tax archive
  • 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.

  • 10% VAT in Korea to hit top e-commerce companies on July 1

    March 05, 2015

    Korea is targeting global online retailers in its expanded VAT legislation, which will tax the non-resident distributors of digital content to Korea customers. From July 1 2015 electronic service providers will be charged 10% VAT on all sales made to Korean consumers, regardless of whether they have a Korean presence.

  • India Budget 2015 - special report

    March 04, 2015

    The first full Budget from Narendra Modi's Indian government was keenly awaited by corporates, partly because of the pro-business sentiment presented by Modi and his finance minister, Arun Jaitley, since taking office. The two did not disappoint, bringing clarity to taxpayers and foreign investors on a number of fronts. ITR's special report takes you through the hopes and fears of taxpayers in the build-up to Jaitley's Budget speech, and analyses the corporate tax measures announced on the day. We also bring you our exclusive interview with Finance Minister Jaitley from December 2014.

  • MOSS registration figures lower than expected

    March 04, 2015

    Around 7,000 businesses have registered for the EU’s VAT mini one-stop shop (MOSS) – far fewer than expected.

  • India Budget 2015 - Indirect tax changes fail to strike a chord

    March 03, 2015

    Abhishek Shah, of Caterpillar in Asia, but writing here in a personal capacity, explains where he thinks the Indian Budget should have gone further on indirect tax.

  • EU VAT rules causing thousands of businesses to close

    February 28, 2015

    A new report has shown that thousands of businesses across the EU are being forced into closure by the EU’s VAT rules governing the place of supply for e-services, introduced this year.

  • India Budget 2015-16: Arun Jaitley sends strong signal to investors

    February 28, 2015

    Arun Jaitley delivered India’s Union Budget 2015-16 today, sticking to the government’s script of encouraging increased investment from the business community. While the overall reaction has been positive, silence on the future of certain aspects of the minimum alternate tax (MAT) is one drawback for taxpayers.

  • Battle of the Budgets: Tax incentives feature in Hong Kong & Singapore plans for 2015/16

    February 27, 2015

    The two highly competitive Asian financial hubs have announced their Budget plans for the 2015-16 fiscal year. Though frequently compared based on their size and attractiveness to global businesses, Hong Kong and Singapore’s respective Budgets conveyed disparate views on how best to attract foreign investment and stoke home-grown innovation through tax incentives.

  • The digital economy: Indirect tax and e-services

    February 24, 2015

    Abi Briggs and Jon Tilson of Deloitte analyse recent developments regarding indirect taxation of the digital economy, taking into account OECD discussions and unilateral actions being proposed.

  • Cheers! Celebrate the world's top transactional firms

    February 24, 2015

    International Tax Review analyses global M&A trends from the past year and highlights the leading firms for tax transactional advice by jurisdiction.

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International Correspondents

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