Firms urged to review chain transactions VAT to avoid legal cases

Siqalane Taho

July 20 2022

Tax professionals have called on businesses to review VAT obligations on chain transactions to avoid long and costly legal challenges from tax authorities.

Unlock this content.

The content you are trying to view is exclusive to our subscribers.

To unlock this content:

Take a Free Trial or Login

Topics

Siqalane Taho

Reporter ITR

Siqalane reports on all matters involving indirect tax, customs and trade. He also covers transfer pricing developments, the BEPS project, and global corporate tax matters. Siqalane focuses on a range of tax issues in these areas and what multinationals are doing to manage the tax burdens.

more across site & shared bottom lb ros

More from across our site

Direct Tax

Businessman putting a card with text code of ethics in the pocket

‘Serious, deliberate, dishonest’: Ex-EY Australia partner banned over misconduct

Peter White, who has a tax debt of A$2 million, has been banned for five years from seeking registration with Australia’s Tax Practitioners Board (TPB)

Sam Sholli, May 16 2025

Direct Tax

This week in tax: Pillar two deal won’t disadvantage EU companies, tax chief says

Wopke Hoekstra’s comments followed US measures aimed against ‘unfair foreign taxes’; in other news, Grant Thornton and Holland & Knight made key tax partner hires

Sam Sholli, May 16 2025

Transfer Pricing

Key evidentiary lessons for taxpayers: experts dissect Australia TP case

An Administrative Review Tribunal ruling last month in Australia v Alcoa represents a 'concerning trend' for the tax authority, one expert tells ITR

Sam Sholli, May 15 2025

Direct Tax

Indian High Court upholds ‘round tripping’ reassessment: expert analysis

A recent decision underlines that Indian courts are more willing to look beyond just legal compliance and examine whether foreign investment structures have real business substance

Sanjay Sanghvi, May 14 2025

Transfer Pricing

Canada’s new government could bow to US pillar two pressure

Following his Liberal Party’s election victory, one source expects Mark Carney to follow the international consensus on pillar two, as experts assess the new administration

Sam Sholli, May 13 2025

Direct Tax

Finnish government accused of unsubstantiated corporate tax claim

A German economics professor was reportedly ‘irritated’ by how the Finnish ministry of finance used his data

Sam Sholli, May 12 2025

Direct Tax

Global tax equity: confronting base erosion in the digital economy

Countries that care about the fair taxation of tech multinationals and equitable global distribution of wealth should back the UN’s tax framework, writes economist Abdelmalek Riad

Abdelmalek Riad, May 09 2025

Direct Tax

This week in tax: IRS has lost 11% of its workforce, report finds

The cuts disproportionately affected staff in certain positions, the report also found; in other news, MHA announced the €24m acquisition of Baker Tilly South East Europe

Sam Sholli, May 09 2025

Transfer Pricing

India sets APA resolution targets in 2025/26 action plan

The plan aims to improve the efficiency, transparency, and effectiveness of direct tax administration in India

Sam Sholli, May 08 2025

Direct Tax

Part of Eton College viewed from playing fields

This month in indirect tax: UK denies private school VAT breaches human rights law

Meanwhile, South Africa’s finance minister has accepted a court decision on suspending a VAT increase and US President Donald Trump mulls a 100% tariff on foreign films

Sam Sholli, May 07 2025