Tax departments face higher TP costs and budget cuts in the GCC Many companies are facing higher transfer pricing (TP) costs despite businesses operating across the Gulf Cooperation Council (GCC) region seeing their profits fall and budgets shrink. By Josh White & Mattias Cruz Cano August 20 2020
MNEs struggle to prepare for Northern Ireland post-Brexit compliance As the UK approaches the Brexit deadline, multinational enterprises (MNEs) operating in Northern Ireland are struggling to prepare their indirect tax systems to meet post-Brexit requirements. By Mattias Cruz Cano August 19 2020
eBay to absorb UK DST cost eBay has told sellers that it will absorb the costs of the UK’s 2% digital services tax (DST), assuring users that fees will not increase to offset the levy, unlike... By Mattias Cruz Cano August 13 2020
FBI warns over malware in Chinese tax software The US Federal Bureau of Investigation (FBI) has alerted companies to malware that is being installed via Chinese tax software, raising tensions between the US and China. By Mattias Cruz Cano August 12 2020
Post-Brexit compliance forces MNEs to consider UK exit Tax directors at multinational enterprises (MNEs) have told ITR that continuing to operate in the UK may be unfeasible after Brexit, depending on the final trade agreement between the EU... By Mattias Cruz Cano & Alice Jones August 12 2020
Amazon to pass on UK DST cost to sellers Amazon has said it will increase its seller’s fees in the UK by 2% from September, passing on the additional tax burden of the digital services tax (DST) to platform... By Mattias Cruz Cano August 10 2020
Tax Talks: Emmanuelle Deglaire, Taxation of Data ITR’s Mattias Cruz speaks with Emmanuelle Deglaire, academic at EDHEC, about the taxation of data, discussing the legal nature of this potential tax, the key challenges and the impact on... By Mattias Cruz Cano August 10 2020
Brazil’s tax reform proposal is too narrow, say MNEs Multinational enterprises (MNEs) operating in Brazil have criticised the government’s tax reform proposal for not being sufficiently comprehensive in simplifying the country’s complex indirect tax regime. By Mattias Cruz Cano August 05 2020
India’s relaxed e-invoicing threshold weakens purpose to tackle fraud India has relaxed the mandatory e-invoicing threshold to cover only the largest taxpayers – arguably the most compliant and risk-averse group – defeating the measure’s purpose of curbing fraud. By Mattias Cruz Cano August 03 2020
Oman’s VAT signals the end of GCC tax cooperation As Oman moves towards the introduction of a VAT regime, the strength of the Gulf Cooperation Council’s (GCC) tax cooperation will be tested. The pandemic may encourage unilateralism. By Mattias Cruz Cano July 29 2020
