This content is from: Sponsored International updates - May 2014 The latest international updates from our correspondents around the world. April 30 2014
This content is from: Turkey Loss compensation fund contributions Güler Hülya Yilmaz of Deloitte asks: Can a loss compensation fund be treated as a consideration in return for a transaction between related parties? April 30 2014
This content is from: European Union Subsidies paid to canteens: German Federal Fiscal Court disagrees with view of tax auth... The tax authorities consider subsidies for canteens operated by a caterer not to constitute remuneration for the operation of the canteen. Ronny Langer of KÜFFNER MAUNZ LANGER ZUGMAIER explains how the court’s view on... April 29 2014
This content is from: Turkey Special features - May 2014 Read this month's special features on Turkey and tax technology. April 29 2014
This content is from: Germany Shared service centres require clear thinking Transferring processes to a shared service centre can work for a tax department, explain Robert Risse, tax director of Henkel, and Ruediger Loitz of PwC, but taxpayers should work out why they are doing it first. April 29 2014
This content is from: Indirect Tax ECJ strikes down George Osborne’s FTT challenge George Osborne, the Chancellor of the Exchequer, has lost his appeal against a European financial transaction tax (FTT), but further challenges over the substantive issues are expected. By Aaran Fronda April 29 2014
This content is from: Global According to plan? The world of tax planning is changing, but not as fast as everyone w... The world of tax planning is like one big global tug o’ war being played between multinational companies and their advisers, tax authorities, supranational bodies and non-governmental organisations. Everyone has an in... April 29 2014
This content is from: Thailand Thailand considers VAT hike to plug revenue gap Finance Minister Kittiratt Na Ranong has stated that tax revenue for the year is down, prompting the government to consider a rise in VAT. By Aaran Fronda April 28 2014
This content is from: European Union Wednesday is decision day for European Court on UK financial transaction tax challenge In a move that could bring the political discussion to a head much sooner than expected, The European Court of Justice has brought forward its ruling on the UK’s challenge to the proposed EU financial transaction tax ... By Aaran Fronda April 24 2014
This content is from: Germany The eternal dilemma of supervisory boards concerning VAT Thomas Küffner of KÜFFNER MAUNZ LANGER ZUGMAIER reports. April 22 2014
This content is from: European Union Italian trading volumes plummet after introduction of FTT Trade in Italian equities has fallen by 30% since the country introduced the controversial financial transaction tax, according to Credit Suisse. By Aaran Fronda April 22 2014
This content is from: European Union BT’s bad debt relief claim made too late, UK court rules The Court of Appeal rejected BT’s £62 million ($104 million) claim for VAT bad debt relief after ruling that the transitional period to make claims had expired. By Aaran Fronda April 15 2014
This content is from: European Union OECD to outline new VAT guidelines The OECD will set out new international guidelines at the Global Forum on VAT in Tokyo on April 17 - 18. By Aaran Fronda April 15 2014
This content is from: European Union German Federal Fiscal Court refers questions on VAT groups to ECJ With two decisions of December 11 2013 the Federal Fiscal Court has, apart from its question on the input VAT deduction of holding companies (see ITR Indirect Tax newsletter of April 9 2014), referred questions on VAT... April 15 2014
This content is from: United Kingdom Reed vows to appeal UK court decision on “employed temps” Reed Employment, a UK employment agency, could have to pay £158 million in unpaid tax due on the salaries of temporary workers, after a tax tribunal decision went against it. By Aaran Fronda April 13 2014
This content is from: Italy Baker & McKenzie hires two new tax partners By ITR Correspondent April 13 2014
This content is from: European Union HMRC holding event on VAT place of supply of services and mini one-stop shop April 10 2014
This content is from: Austria Nominations announced for European Tax Awards 2014 Deloitte and EY lead the race for International Tax Review’s 10th annual European Tax Awards, which will be presented at a dinner in London on May 21. By Ralph Cunningham April 09 2014
This content is from: Malaysia Malaysian Parliament approves GST Bill The lower house of the Malaysian Parliament has passed the GST Bill, with only the approval of the upper chamber now needed for its implementation. By Aaran Fronda April 08 2014
This content is from: Germany German Federal Fiscal Court refers questions on input VAT deduction of holding companie... With two decisions of December 11 2013, the Federal Fiscal Court has referred questions for a preliminary ruling on the scope of input VAT deduction by holding companies and several questions regarding VAT groups to t... April 08 2014
This content is from: European Union Landmark judgment in Littlewoods: taxpayer did not receive “adequate indemnity” after u... UK VAT legislation did not give Littlewoods an effective remedy for paying tax which was not due. By ITR Correspondent April 08 2014
This content is from: European Union EU to scrap customs duties on Ukrainian imports The European Commission plans to slash customs duties on Ukrainian agricultural produce, steel, iron, and machinery imports by more than 98%. By Aaran Fronda April 08 2014
This content is from: European Union Slovenian VAT rise not likely to be temporary Slovenia is bringing in a VAT increase later this year. The government says it will be temporary, but that is unlikely. By Salman Shaheen April 01 2014
This content is from: European Union Separating intra-community self-supplies from temporary transfers of goods The separation of a (taxable) intra-Community self-supply from a (non-taxable) temporary transfer of goods is of high practical importance. Often this decides if there is an obligation to VAT register in another EU me... April 01 2014
This content is from: Indirect Tax Crido Taxand adds indirect tax partner Roman Namyslowski has joined Crido Taxand as a partner. He will look after the firm’s indirect taxes team and focus on developing new VAT services. April 01 2014
