Direct Tax

Archive: Direct Tax

This content is from: Brazil

Brazil’s proposal to define the ‘export of services’

Brazil’s Federal Revenue Services (FRS) issued a Normative Opinion to define the “export of services” for tax exemption purposes.
By ITR Correspondent
December 19 2018
This content is from: European Union

Tax chiefs pleased that Netherlands will publish tax rulings

Heads of tax at multinational companies have welcomed the Dutch government’s announcement that it will publish anonymised summaries of all its tax rulings from July 2019.
By Joe Stanley-Smith
December 19 2018
This content is from: European Union

Tax directors slam French DST deadline as ‘impossible’

France says it will introduce its digital service tax (DST) in January 1 2019 after scrapping an earlier statement to wait until March 2019 for an EU-wide approach.
By Danish Mehboob
December 14 2018
This content is from: Sponsored

China: Individual Income Tax (IIT) Law draft implementation guidance released
By Khoonming Ho

& KPMG China

& Lewis Lu
December 12 2018
This content is from: South Africa

KPMG South Africa looks to rebuild trust with clients

KPMG South Africa plans to restore its reputation with a new leader following the scandal over its role in auditing the Gupta-owned businesses, but rival firms are already poaching their clients who no longer trust th...
By Josh White
December 12 2018
This content is from: Sponsored

Russia: Beneficial ownership concept in Russia: claiming treaty benefits becomes more c...

In April 2018 the Federal Tax Service of Russia issued a letter (Letter No. CA-4-9/8285@) containing guidelines for lower tax authorities on how to use the beneficial ownership concept when applying treaty benefits in...
By Alexander Tokarev

& Ivan Nasonov

& KPMG Russia
December 12 2018
This content is from: Sponsored

DAC 6 reporting requirements pose numerous compliance problems

The taxpayer challenges arising from the EU’s directive on mandatory disclosures for intermediaries (DAC 6) are seemingly countless, writes Christian Kaeser, global head of taxes at Siemens, and Mark Orlic and Arne Sc...
By Contributor
December 12 2018
This content is from: Sponsored

European Union: EU tax transparency is here to stay
By Bob van der Made

& PwC
December 12 2018
This content is from: Brazil

Brazil clarifies tax treatment of international charter leasing payments

The Brazilian tax authorities have provided guidance on the application of the reduced 0% income withholding tax rate on international charter leasing payments.
By Fernando Giacobbo

& Jaime Andrade

& Mark Conomy

& PwC Brazil
December 12 2018
This content is from: Chile

Chile: A new concept of deductible expenses

The tax authority under a formal and strict application of such criterion has rejected expenses that were perfectly reasonable from a business perspective.
By Fernando Binder

& PwC Chile

& Santiago López
December 12 2018
This content is from: Sponsored

Serbia: Serbia-San Marino DTA enters into force

Serbia and San Marino signed a double taxation agreement (DTA) on April 16 2018, thus effectively resulting in the removal of San Marino from the Serbian list of countries with a preferential tax regime. The Law on Co...
By Eurofast Serbia
December 12 2018
This content is from: Sponsored

MLI: Testing the ‘principal purpose’

Jasper Korving and Loes van Hulten of Deloitte provide an overview of the MLI, focusing in particular on the principal purpose test (PPT), an anti-treaty abuse measure in the convention, how the PPT might apply in pra...
By ITR Correspondent
December 12 2018
This content is from: Sponsored

Russia: Tax monitoring becomes popular in Russia

The number of companies joining Russia's tax monitoring or 'horizontal monitoring' programmes is on the rise.
By Ilarion Lemetyuynen

& KPMG Russia

& Veronika Sergeeva
December 12 2018
This content is from: Sponsored

New Zealand: New Zealand considers tax on digital services

Recent developments have increased the likelihood of New Zealand considering a tax on digital services.
By Chris Harker

& Russell McVeagh

& Young-chan Jung
December 12 2018
This content is from: United States

Peer company ETRs: Benchmarking complexity

The effective tax rate (ETR) of a peer company may be intuitively thought of as an industry benchmark. This benchmark could traditionally be useful to investors, boards of directors, CFOs and tax departments of multin...
By Contributed
December 12 2018
This content is from: United Kingdom

Tax and HR departments must collaborate to avoid costly IR35 non-compliance

Corporate tax functions must work closely with HR departments immediately to ensure their businesses are ready to comply with the UK’s IR35 legislation, governing payroll taxes and employee contracts, by April 2020.
By Danish Mehboob
December 12 2018
This content is from: Sponsored

Seeing the tax trees from the data forest – managing tax administration in the digital age

China’s multi-year tax administrative modernisation programme is leveraging big data technology and a restructured tax authority for effective enforcement. Tracey Zhang, Fang Wei, Lilly Li and Anthony Chau explain how...
By ITR Correspondent
December 10 2018
This content is from: Sponsored

Now that we got data, what are we gonna do with it? – TP challenges and opportunities

China is consolidating and enhancing its transfer pricing regime. The State Administration of Taxation is strengthening its monitoring of multinational enterprises’ TP arrangements and has committed to the internation...
By ITR Correspondent
December 10 2018
This content is from: Sponsored

Tax opportunities and challenges for China in the BRI era

Chinese governmental authorities remain supportive of rational, well-ordered and healthy outbound investment. Michael Wong, Joseph Tam, Karen Lin, Cloris Li and Alan O’Connor look at key domestic tax and regulatory me...
By Alan O'Connor

& Cloris Li

& Joseph Tam

& Karen Lin

& KPMG China

& Michael Wong
December 10 2018
This content is from: Sponsored

Coming of age – China’s leveraging of BEPS

Following years of rapid change to China’s cross-border corporate income tax (CIT) rules and advances in enforcement effectiveness, a more measured approach has recently emerged, reflecting business environment change...
By Conrad Turley

& KPMG China
December 10 2018
This content is from: Austria

Digital tax ball ‘back in the OECD court’

Member states have killed off the EU’s digital services tax (DST) proposal, but companies fear this will make unilateral action more likely.
By Alexander Hartley
December 06 2018
This content is from: Global

Global Tax 20 2018

International Tax Review’s Global Tax 20 highlights the most influential people, events and companies which have had an impact on the global tax landscape during the past year. Joe Stanley-Smith introduces the Global ...
By Joe Stanley-Smith - ITR Deputy News Editor
December 05 2018
This content is from: United States

Banks and governments look to blockchain to cut costs and tax fraud

Blockchain is becoming a likely option for businesses to meet their tax obligations as banks and governments take action to implement the digital ledger technology to cut costs and curb tax fraud.
By Danish Mehboob
December 05 2018
This content is from: Direct Tax

No. 4: Artificial intelligence and the robot tax

New technologies are transforming tax, whether it’s how taxes are collected or what can be done to crack down on evasion. Businesses are eying a more cost-efficient future, while others fear the loss of jobs will hit ...
By Amelia Schwanke
December 05 2018
This content is from: Global

No. 8: Pascal Saint-Amans and Achim Pross

This year has been a momentous when considering what the OECD's Centre for Tax Policy and Administration has achieved. Many aspects of the BEPS project have come to fruition even though nobody thought it was possible ...
By Anjana Haines
December 05 2018
This content is from: European Union

Evolution and adaptation with Kering Group

Kering’s Group Tax Director Sophie Maddaloni explains how the group’s corporate structure has enabled it to transform from a timber and construction specialist, to a distribution business, to the luxury goods group it...
By Joe Stanley-Smith
December 03 2018

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