Indirect Tax

Archive: Indirect Tax

This content is from: European Union

ECJ top holdings decision could expand non-taxable persons included in VAT group

Top holdings can be included in a VAT group in the Netherlands after the European Court of Justice (ECJ) ruled in favour of the Dutch government. The ruling could lead to other non-taxable persons being included in th...
By Emma Powell - ITR
April 30 2013
This content is from: Australia

DLA Piper hires Cridland in Sydney

Matthew Cridland has joined the DLA Piper tax practice as a partner in Sydney, Australia.
April 30 2013
This content is from: Switzerland

Swiss VAT complexity is presenting hidden dangers for taxpayers

The OECD has urged Switzerland to shift taxation from direct to indirect taxes to boost economic growth and reduce distortions in the VAT system. However the Swiss National Council has voted against the most recent pr...
By Emma Powell - ITR
April 30 2013
This content is from: United States

US tops new list of countries using tax code to promote sustainable corporate activity

KPMG’s first Green Tax Index sees the US ranked first for its extensive use of incentives.
By Salman Shaheen
April 30 2013
This content is from: Direct Tax

What you have missed on ITR Premium

Cyprus corporate tax hike; India-Mauritius treaty; disputes in Chile; dispute resolution in Turkey; Indian GST; Polish VAT; G20 information exchange; EC tax evasion
April 28 2013
This content is from: Poland

Polish VAT amendments clarify export procedures for chain transactions

The Polish government has implemented a raft of measures amending the country’s VAT regime in line with EU law.
By Emma Powell - ITR
April 23 2013
This content is from: India

Indian states will not be able to opt out of GST when implemented

The Indian Empowered Committee of State Finance Ministers has confirmed the GST will be nationwide when implemented and states will not be allowed to opt out of the system.
By Emma Powell - ITR
April 23 2013
This content is from: Direct Tax

What you have missed on ITR Premium

HMRC GAAR guidance; Luxembourg and Austria on transparency; ECJ on Irish VAT grouping; UK SC M&S; EU rejects emissions trading plans; EU trade defence mechanisms; Dutch get relief from tax filing; US electronic filing
April 21 2013
This content is from: European Union

EU rejects plan to boost flagging emissions trading market

The European Parliament has rejected plans to reduce the number of CO2 emissions allowances available within the EU emissions trading scheme (ETS). The decision comes as both critics and supporters of the plan argue f...
By Emma Powell - ITR
April 16 2013
This content is from: European Union

Updated EU trade defence mechanisms need to do more to protect importers

The European Commission has proposed amendments to the EU’s trade defence mechanisms, aimed at making the system simpler and easier to enforce. However advisers say the proposals need to go further to protect EU impor...
By Emma Powell - ITR
April 16 2013
This content is from: European Union

UK Shadow Business Secretary Chuka Umunna would not back an FTT without New York

The opposition Labour member of Parliament said it would be “lunacy” for the UK to unilaterally adopt a financial transaction tax (FTT).
By Salman Shaheen
April 14 2013
This content is from: China

China to roll out VAT pilot nationwide in August

China will roll out a pilot programme to replace business tax with VAT on August 1.
By Salman Shaheen
April 10 2013
This content is from: Singapore

Singapore clarifies application of zero-rate GST for exported goods

The Singapore tax authorities have issued additional guidance on the documentation requirements for the zero-rating of exported goods subject to GST. The guidelines are intended to reduce abuses in the application of ...
By Emma Powell - ITR
April 09 2013
This content is from: Czech Republic

ECJ ruling on holding companies joining VAT groups confirms BAA solution

The European Court of Justice (ECJ) yesterday ruled that non-taxable entities such as holding companies are permitted to join VAT groups, dismissing an action brought by the European Commission against Ireland and con...
By Joe Dalton
April 09 2013
This content is from: Romania

Romania considers a VAT cut, but 19% may be optimistic

The Romanian government is considering a VAT cut next year, but advisers believe bringing the rate down by five percentage points that quickly is unlikely.
By Salman Shaheen
April 08 2013
This content is from: India

Indirect taxpayers in India should prepare for complex audits

Indian indirect tax collection for the last fiscal year has exceeded its target, according to Revenue Secretary Sumit Bose. However taxpayers must prepare to face more complex audits and rigorous enforcement procedure...
By Emma Powell - ITR
April 08 2013
This content is from: Direct Tax

What you have missed on ITR Premium

Boeing and Ford on US tax reform; UK GAAR; Canada Revenue Agency; Dolce & Gabbana; Canadian GST/HST; Germany invoicing; IRS information reporting group; TIGTA
April 07 2013
This content is from: South Africa

South African carbon tax proposals offer businesses incentives and exemptions

The South African National Treasury has released the final discussion paper detailing proposals for the country’s carbon tax. However advisers say a more thorough analysis of the indirect impact of the carbon tax on b...
By Emma Powell - ITR
April 06 2013
This content is from: European Union

Germany proposes changes to invoicing procedures in line with EU law

The German government has proposed a new law amending the VAT invoicing requirements for the supply of goods between EU member states in line with a decision of the European Court of Justice (ECJ). If approved, it may...
By Emma Powell - ITR
April 02 2013
This content is from: European Union

FTT fails to meet revenue predictions, but succeeds in lowering volume of transactions

Financial transaction taxes (FTT) have not met Hungary or France’s revenue projections, but supporters argue they have been a success because they were intended to constrain risky transactions.
By Salman Shaheen
April 02 2013
This content is from: Canada

Canadian companies hit by retrospective GST/HST after increased reinsurance audits

More Canadian companies are being told that they may owe GST plus penalty interest on reinsurance premiums paid to non-resident related-parties dating back eight years. This is a result of increased auditing activity ...
By Emma Powell - ITR
April 02 2013
This content is from: Direct Tax

What you have missed on ITR Premium

Canadian tax reporting requirements; Australian income tax changes; Canada thin capitalisation; Finland corporate tax rate; Bulgarian VAT; OECD on Chinese carbon tax; Brazil Supreme Court on Vernicitec; India High Cou...
April 01 2013

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