The view held by the German Federal Finance Court, is that the German VAT Administrative Guidelines contradict the European Court of Justice’s jurisdiction and, thus, the EU VAT Guideline with respect to chain supplies, reports Johan De Spiegeleer of Deloitte
Based on recommendations of a taskforce in 2003, India started the long process of amalgamating multiple existing indirect taxes into a nationwide progressive and comprehensive goods and services tax (GST). Prashant Deshpade of Deloitte explains how the indirect tax reform is progressing.
Kah Seong Fan of Deloitte says it is essential for businesses to understand the impact of GST on their business and the operational, process and system changes that they must undertake to be GST-compliant by 2015.
Dealing with indirect tax issues in Russia requires effort and time, but is a manageable task. Vladimir Konstantinov of PwC describes how the system has developed in recent years