This content is from: India India Budget 2015-16: Arun Jaitley sends strong signal to investors Arun Jaitley delivered India’s Union Budget 2015-16 today, sticking to the government’s script of encouraging increased investment from the business community. While the overall reaction has been positive, silence on ... By Matthew Gilleard February 28 2015
This content is from: Austria EU VAT rules causing thousands of businesses to close A new report has shown that thousands of businesses across the EU are being forced into closure by the EU’s VAT rules governing the place of supply for e-services, introduced this year. By Joe Stanley-Smith February 28 2015
This content is from: Hong Kong SAR Battle of the Budgets: Tax incentives feature in Hong Kong & Singapore plans for 2015/16 The two highly competitive Asian financial hubs have announced their Budget plans for the 2015-16 fiscal year. Though frequently compared based on their size and attractiveness to global businesses, Hong Kong and Sing... By Meredith McBride in Hong Kong February 27 2015
This content is from: Mexico Mexican Taxpayers’ Ombudsman – Mediator empowerment Mexico has incorporated an independent public organisation – Procuraduría de la Defensa del Contribuyente (PRODECON) – which acts as a taxpayers’ ombudsman, with a mandate to guarantee and protect the constitutional a... February 24 2015
This content is from: New Zealand Navigating NZ treatment of cross-border service supplies Taxpayers should beware of the knotty problems that can result from the supply of services by a non-resident to a New Zealand resident, explains Tim Stewart of Russell McVeagh. February 24 2015
This content is from: Global Cheers! Celebrate the world's top transactional firms International Tax Review analyses global M&A trends from the past year and highlights the leading firms for tax transactional advice by jurisdiction. February 24 2015
This content is from: Brazil Brazilian government tweaks extraction-related taxes to ease insecurity The oil industry has been questioned several times by the Brazilian tax authorities regarding agreements covering oil and natural gas exploitation services, including the prospection and concurrent charter of offshore... By ITR Correspondent February 24 2015
This content is from: European Union Portuguese authorities request preliminary ECJ ruling on VAT credit treatment The Portuguese tax authorities have referred a VAT dispute to the ECJ for a preliminary ruling, in what could become a critical case for the deduction of input VAT for exempt activities, and the conduct of the tax aut... By Joe Stanley-Smith February 24 2015
This content is from: Albania The digital economy: Indirect tax and e-services Abi Briggs and Jon Tilson of Deloitte analyse recent developments regarding indirect taxation of the digital economy, taking into account OECD discussions and unilateral actions being proposed. February 24 2015
This content is from: Austria The European Tax Awards 2015: The entry period is now closed The closing date for entries for the European Tax Awards 2015 has now passed. By Ralph Cunningham February 23 2015
This content is from: United States Puerto Rico to introduce VAT Puerto Rico has overhauled its tax system, replacing the sales and use tax (SUT) and gross receipts tax (GRT) with a VAT, and cutting corporate income tax to 25%. By Joe Stanley-Smith February 20 2015
This content is from: India Budget preview: Siemens on how tax may hold the key to 'Make in India' With the Indian Budget fast-approaching, Subhankar Sinha, senior vice president, head of tax for the South Asia region at Siemens, looks at the tax measures that could be used to incentivise the government's 'Make in ... February 18 2015
This content is from: European Union UK to make Skandia ‘accounting’ changes; Netherlands says ruling does not apply to it On February 10 2015 the Dutch Ministry of Finance announced that it will not apply the Skandia judgment, while the UK says businesses will have to make changes to comply with the judgment by 2016. By Joe Stanley-Smith February 13 2015
This content is from: Brazil Brazil: Increase of PIS and COFINS contributions rates on the import of goods After the Brazilian Federal Supreme Court ruled in favour of the taxpayers, reducing the tax cost on the import of goods, the federal Government finds yet another way to reverse this effect and increase tax collection. By ITR Correspondent February 13 2015
This content is from: European Union Taxpayers emerge victorious from air travel tax dispute Aer Lingus and Ryanair have won European Court of Justice (ECJ) cases against the European Commission concerning the Irish air travel tax (ATT). By Joe Stanley-Smith February 13 2015
This content is from: Direct Tax G20 ministers maintain support for BEPS agenda Work on the G20 / OECD base erosion and profit shifting (BEPS) project has entered a new phase with the presentation of implementation guidance to a meeting of G20 finance ministers this week. By Ralph Cunningham February 13 2015
This content is from: United States De Jong and Davis join KPMG KPMG has hired Dan De Jong and Steven Davis for its Washington, DC and New York offices respectively. February 10 2015
This content is from: France Romania mulls VAT cut Romanian Prime Minister Victor Ponta has announced his intention to ease the VAT burden on the country’s taxpayers in 2016, either by reducing the headline rate from 24% to 21%, or by increasing the number of goods an... By Joe Stanley-Smith February 06 2015
This content is from: China VAT has saved Chinese taxpayers $30.7 billion, but gaps remain in implementation China’s State Administration of Taxation (SAT) has released the latest figures on its value-added tax (VAT), reporting that 95% of businesses included in the regime saw their VAT bill fall in 2014. By Meredith McBride in Hong Kong February 06 2015
This content is from: Greece VAT lotteries - driving up compliance from the consumer's end Portugal announced a year ago it would launch a VAT lottery. Is the policy working, and could it help other countries with poor compliance? By Joe Stanley-Smith February 05 2015
This content is from: India Firm commitments in India: Dhruva Advisors and Vox Law align while AMSS splits Specialist indirect tax and dispute resolution firm Vox Law and new legal venture Dhruva Advisors have announced their alignment. Dhruva’s CEO Dinesh Kanabar, formerly a tax and regulatory leader at PwC and partner at... By Meredith McBride in Hong Kong February 03 2015
