Mexico and Argentina attack foreign digital service providers Mexico has threatened to block foreign digital players over VAT non-compliance, while Argentina’s foreign exchange (FX) restrictions mean companies can reduce their tax liabilities by billing in the local currency. By Mattias Cruz Cano September 22 2020
MNEs must prepare for future real-time reporting in APAC Businesses operating in the Asia-Pacific (APAC) region should future-proof their compliance systems ahead of the adoption of real-time reporting, particularly in a post-COVID context. By Mattias Cruz Cano September 22 2020
APAC countries could seek two-fold digital taxation As the Asia-Pacific (APAC) region adopts digital taxation rules, some countries could look to combine local indirect taxes with digital services taxes (DSTs), potentially hitting transactions twice. By Mattias Cruz Cano September 15 2020
COVID-19 set to widen EU VAT gap to €164 billion The European Commission (EC) expects the COVID-19 crisis to widen the VAT gap to exceed €164 billion, driven by falling GDP growth and large dents in government finances across the... By Mattias Cruz Cano September 14 2020
MNEs struggle with Malaysia’s SST subjectivity Businesses have grappled with the re-introduction of Malaysia’s sales and services tax (SST), struggling with obligations for B2B transactions, taxation of cross-border activities and a heavy reliance on local advisors. By Mattias Cruz Cano September 09 2020
MNEs must review Singapore reverse charge position As multinational enterprises (MNEs) familiarise themselves with Singapore’s reverse charge (RC) regime, they should look to review invoices and strengthen their position to avoid costly errors. By Mattias Cruz Cano September 01 2020
MNEs need a unique approach to TP in Africa One head of tax for Africa at a multinational enterprise discusses the adoption of transfer pricing (TP) rules, how to manage the knowledge gap in audits, and the need for... By Mattias Cruz Cano August 27 2020
Airlines require stable tax conditions to survive COVID-19 In an interview with Airlines for Europe (A4E), it says the aviation sector needs a stable tax environment and incentives to emerge stronger and greener from COVID-19. By Mattias Cruz Cano August 26 2020
UK denies it would drop DST for US trade deal The UK government has denied reports that claim it plans to drop its digital services tax (DST), sparking doubt over the DST’s future and its impact on US-UK trade negotiations. By Mattias Cruz Cano August 24 2020
Tax Talks: Luiz de Medeiros Ferreira, Brasscom ITR’s Mattias Cruz talks to Luiz de Medeiros Ferreira, tax committee leader at IT company association Brasscom and tax head at IBM Brazil about sector-moving litigation, dispute resolution mechanisms and... By Mattias Cruz Cano August 24 2020
