Indirect Tax Leaders is a list of the leading
indirect tax advisers in the world.
Inclusion in the guide is based on a minimum number of
nominations received. Besides the required number of
nominations, entrants must also receive consistently
positive feedback from peers and clients. Firms and
individuals cannot pay to be recommended in the Indirect
Tax Leaders guide.
Indirect tax continues to be a key consideration for
countries around the world, as more and more countries roll out
national VAT and GST regimes. Many nations see it as a 'cure'
through which theycan boost budgets to allow for extra spending
or tax cuts elsewhere. By the time this guide is published,
India – with its 1.3 billion inhabitants making it the
world's second-largest country – will have joined the
list of countries with a national indirect tax, which is due to
be implemented on July 1.
Six months later, in January 2018, the countries which make
up the Gulf Cooperation Council – Bahrain, Kuwait,
Oman, Qatar, Saudi Arabia and the United Arab Emirates
– are due to implement VAT. International Tax
Review has regularly reported on how businesses are
unprepared for the change.
Beyond the headline introductions of GST in India and VAT in
the GCC, another key theme has been the shift towards
destination-based indirect tax systems. Russia introduced its
system on January 1 2017, which is largely similar to systems
already in place in Japan, South Africa and South Korea.
Meanwhile the EU and its member states, pioneers in
destination-based taxation for e-services, are planning to
further develop legislation to tax business-to-business
supplies of goods under the destination principle.
A key case in the Court of Justice of the European Union on
the VAT status of e-books also reached its climax, allowing new
questions to arise on the VATability of new technology. Should
3D printed goods be taxed where they are printed? Or are
designs sent from abroad intellectual property, making 3D
printed items a service? More and more, VAT systems will need
to be adaptable.
To an even greater extent, companies need to be proactive as
well as reactive, making top-quality advice on indirect tax
issues more important than ever.
Therefore, I am pleased to present the sixth edition of the
Indirect Tax Leaders guide. We received a record
number of nominations this year and have added advisers from
several new jurisdictions. Thank you to everyone who
International Tax Review deputy editor