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Indirect Tax Archive

  • December 2014

    The big moves of 2014

    December 19, 2014

    A string of departures by senior Internal Revenue Service figures dominated the comings and goings among tax professionals in 2014.

  • Despite progress, Indian tax professionals say GST by 2016 is ‘close to impossible’

    December 18, 2014

    Even if Arun Jaitley succeeds in tabling a bill in parliament by the end of the year to introduce national GST in India, tax professionals say the government’s 15 month time frame for introducing the tax on April 1 2016 is not viable.

  • Luxembourg to keep €1.1 billion of VAT due to phased implementation

    December 18, 2014

    Luxembourg will keep around €1.1 billion ($1.4 billion) of the losses it would incur as a result of the EU’s VAT changes over the next four years.

  • Thomson Reuters honours Taxologists

    December 16, 2014

    Regulatory complexity and globalisation aren’t the only factors changing the landscape of tax.

  • Digital goods enter the 21st century of taxation

    December 16, 2014

    Richard Asquith, VP of Global Tax Compliance at Avalara, explains upcoming changes to European Union VAT rules and how they will affect digital service providers from January 1 2015. The changes are contained within article 58 2006/122/EC of the EU VAT Directive and all 28 member states are in the process of ratifying the changes through local VAT legislation.

  • Kazakhstan amends tax code from 2015

    December 16, 2014

    Kate Habershon and Bakhytzhan Kadyrov of Morgan Lewis in Kazakhstan examine the potential impact on business of the country’s draft tax code.

  • The Global Tax 50 2014

    December 16, 2014

    Now in its fourth year, International Tax Review's Global Tax 50 provides a rundown of the who’s who of the tax world. One way or another, the individuals and organisations on this list have had an impact or influence on taxation that will be felt beyond, or outside of, the 12 month period covered by this list.

  • Ansip responds to EU VAT concerns

    December 16, 2014

    European Commission vice president for the Digital Single Market Andrus Ansip says that last-minute concerns about the EU VAT changes “should be listened to”.

  • Taxing taxis: GST may cause Uber confusion for e-commerce companies in India

    December 12, 2014

    A Bill amending the taxing rights of the states and central government is rumoured to appear in the winter session of India’s parliament. This reallocation of taxing rights, however, will cause technology companies who may be liable for services tax in India to reassess their tax positions.

  • Average OECD VAT rates up 8.5% in five years

    December 11, 2014

    The average standard VAT rate in the OECD has risen 8.5% in the past five years and will reach an all-time high of 19.1% in January 2015.

  • OECD tax revenues approaching pre-crisis levels

    December 11, 2014

    Tax burdens in the OECD rose 0.4 percentage points in 2013 to an average of 34.1% of GDP, following rises of 0.3 percentage points in both 2012 and 2011.

  • FTT delayed again as countries fail to reach agreement

    December 09, 2014

    The European financial transaction tax (FTT) is unlikely to be implemented by January 1 2016 as planned.

  • Tax tips for multinationals in the Netherlands

    December 09, 2014

    There are only a few weeks before another new year. Now is an opportune moment to review your tax strategy and to consider whether Dutch tax laws require your company to take action before January 1 2015. The next few weeks can also be used to prepare for anticipated new tax legislation in the Netherlands.

  • China: You can download the latest edition of our guide now

    December 08, 2014

    The 4th edition of China - Looking Ahead is available as a downloadable pdf. It features articles on how China regards the BEPS project, the progress of the VAT reforms and what China expects from multinationals on transfer pricing.

  • China to announce VAT on financial services in 2015

    December 03, 2014

    China will announce VAT policies for some financial services in early 2015 as part of its sweeping VAT reforms which started in 2012, the Ministry of Finance has announced.

  • Irish air travel tax under renewed scrutiny as ECJ partially annuls 2011 EC decision

    December 02, 2014

    The ECJ has partially annulled a 2011 decision that elements of the Irish air travel tax (ATT) did not constitute state aid.

  • Japan’s credit rating downgraded following sales tax increase delay

    December 02, 2014

    Credit rating agency Moody’s has downgraded Japan’s credit rating from Aa3 to A1 due to concerns over Prime Minister Shinzo Abe’s economic plan and last month’s delay of a sales tax rate hike until 2017.

International Correspondents