Indirect Tax

Archive: Indirect Tax

This content is from: United States

The big moves of 2014

A string of departures by senior Internal Revenue Service figures dominated the comings and goings among tax professionals in 2014.
By ITR Correspondent
December 19 2014
This content is from: European Union

Luxembourg to keep €1.1 billion of VAT due to phased implementation

Luxembourg will keep around €1.1 billion ($1.4 billion) of the losses it would incur as a result of the EU’s VAT changes over the next four years.
By Joe Stanley-Smith
December 18 2014
This content is from: India

Despite progress, Indian tax professionals say GST by 2016 is ‘close to impossible’

Even if Arun Jaitley succeeds in tabling a bill in parliament by the end of the year to introduce national GST in India, tax professionals say the government’s 15 month time frame for introducing the tax on April 1 20...
By Meredith McBride in Hong Kong
December 18 2014
This content is from: United States

Thomson Reuters honours Taxologists

Regulatory complexity and globalisation aren’t the only factors changing the landscape of tax.
December 16 2014
This content is from: India

E-tail in India: Controversy on applying operational taxes

The e-commerce market in India has enjoyed phenomenal growth – at almost a 50% compound annual growth rate (CAGR) in the past five years. Divyesh Lapsiwala and Nilesh Vasa of EY India explore potential controversies s...
December 16 2014
This content is from: Kazakhstan

Kazakhstan amends tax code from 2015

Kate Habershon and Bakhytzhan Kadyrov of Morgan Lewis in Kazakhstan examine the potential impact on business of the country’s draft tax code.
December 16 2014
This content is from: Indirect Tax

Ansip responds to EU VAT concerns

European Commission vice president for the Digital Single Market Andrus Ansip says that last-minute concerns about the EU VAT changes “should be listened to”.
December 16 2014
This content is from: United States

Digital goods enter the 21st century of taxation

Richard Asquith, VP of Global Tax Compliance at Avalara, explains upcoming changes to European Union VAT rules and how they will affect digital service providers from January 1 2015. The changes are contained within a...
December 16 2014
This content is from: Direct Tax

The Global Tax 50 2014

Now in its fourth year, International Tax Review's Global Tax 50 provides a rundown of the who’s who of the tax world. One way or another, the individuals and organisations on this list have had an impact or influence...
By default\Anonymous
December 16 2014
This content is from: India

Taxing taxis: GST may cause Uber confusion for e-commerce companies in India

A Bill amending the taxing rights of the states and central government is rumoured to appear in the winter session of India’s parliament. This reallocation of taxing rights, however, will cause technology companies wh...
By Meredith McBride in Hong Kong
December 12 2014
This content is from: Czech Republic

Average OECD VAT rates up 8.5% in five years

The average standard VAT rate in the OECD has risen 8.5% in the past five years and will reach an all-time high of 19.1% in January 2015.
By Joe Stanley-Smith
December 11 2014
This content is from: Belgium

OECD tax revenues approaching pre-crisis levels

Tax burdens in the OECD rose 0.4 percentage points in 2013 to an average of 34.1% of GDP, following rises of 0.3 percentage points in both 2012 and 2011.
By Joe Stanley-Smith
December 11 2014
This content is from: Austria

FTT delayed again as countries fail to reach agreement

The European financial transaction tax (FTT) is unlikely to be implemented by January 1 2016 as planned.
By Joe Stanley-Smith
December 09 2014
This content is from: European Union

Tax tips for multinationals in the Netherlands

There are only a few weeks before another new year. Now is an opportune moment to review your tax strategy and to consider whether Dutch tax laws require your company to take action before January 1 2015. The next few...
By ITR Correspondent
December 09 2014
This content is from: China

China: You can download the latest edition of our guide now

The 4th edition of China - Looking Ahead is available as a downloadable pdf. It features articles on how China regards the BEPS project, the progress of the VAT reforms and what China expects from multinationals on tr...
December 08 2014
This content is from: China

China to announce VAT on financial services in 2015

China will announce VAT policies for some financial services in early 2015 as part of its sweeping VAT reforms which started in 2012, the Ministry of Finance has announced.
By Joe Stanley-Smith
December 03 2014
This content is from: European Union

Irish air travel tax under renewed scrutiny as ECJ partially annuls 2011 EC decision

The ECJ has partially annulled a 2011 decision that elements of the Irish air travel tax (ATT) did not constitute state aid.
By Joe Stanley-Smith
December 02 2014
This content is from: Japan

Japan’s credit rating downgraded following sales tax increase delay

Credit rating agency Moody’s has downgraded Japan’s credit rating from Aa3 to A1 due to concerns over Prime Minister Shinzo Abe’s economic plan and last month’s delay of a sales tax rate hike until 2017.
By Joe Stanley-Smith
December 02 2014

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