More multinationals will switch their operational structure from a commissionaire to a limited risk distributor (LRD) in response to the OECD base erosion and profit shifting (BEPS) initiative, advisers expect. This would make calculating VAT less complex from an accounting perspective.
Unlock this content.
The content you are trying to view is exclusive to our subscribers.
Both Germany’s NIS2 and the EU AI Act now determine whether a tax function can meet its obligations – and both can make management personally accountable
Originators, loan purchasers and securitisation vehicles may need to revisit servicing agreements and pricing after a key judgment narrowed the VAT credit management exemption
The allegations against Deloitte Cyprus raise uncomfortable questions about how far the big four can distance themselves from misconduct at member firms