Indirect Tax

Archive: Indirect Tax

This content is from: United Kingdom

UK gets a new PM and no tax certainty

Following Boris Johnson’s win in the Conservative leadership election British businesses have few assurances about the future of UK tax policy and the impact of Brexit.
By Josh White
July 23 2019
This content is from: Sponsored

Brazil issues ruling on tax treatment of 3D printing

The tax ruling issued by the Brazilian Federal Revenue Service on whether 3D printing should be classified as a manufacturing process for a business could mean retailers are liable for excise taxes.
By Carolina Romanini Miguel

& Machado
July 16 2019
This content is from: United States

Cryptocurrency, cost basis and taxation

Cryptocurrencies are still capturing the attention of investors, traders and enterprises around the globe, lauded for their potential as a radically transformative force on the existing financial playing field. Howeve...
By Contributed
July 15 2019
This content is from: United States

France and the US clash over digital service tax plans

The US has ramped up its opposition to France’s digital services tax (DST) by opening an investigation into it, but French senators have defiantly approved the so-called ‘GAFA’ tax anyway.
By Joe Stanley-Smith
July 12 2019
This content is from: European Union

EU customs head: businesses should embrace, not fear, change

Philip Kermode, the EU’s head of customs, says businesses must brace themselves for the modern era of customs, in which data flows are every bit as important as physical border checks.
By Alexander Hartley
July 10 2019
This content is from: Sponsored

Russia: First ruling on foreign company’s Russian tax residency for VAT

Place-of-supply rules state that consulting and legal services are deemed to be provided in Russia (and therefore VATable) if the purchaser carries out its activities in Russia.
By KPMG Russia
July 10 2019
This content is from: United Kingdom

UK tax transparent funds: Five years on from the first launch

Five years after the launch of the first UK authorised contractual scheme (ACS) – also known as the UK tax transparent fund (UK TTF) – in 2014, there are 22 UK TTFs in the market, with 172 sub-funds amounting to billi...
By Contributed
July 10 2019
This content is from: United States

Companies measure tax departments on their ability to cut risk, not effective tax rates

Managing tax risk is the most important metric by which tax departments are measured, with the more traditional target of lowering the company’s effective tax rate being less important to tax heads. However, CEOs seem...
By Joe Stanley-Smith
July 10 2019
This content is from: Sponsored

Chilean tax reform includes VAT exemption modification

On August 23 2018, the Chilean government presented a tax modernisation bill, which aims to introduce a series of modifications seeking to simplify the Chilean income tax system and incorporate new tax regulations.
By Gregorio Martínez

& Nicolas Foppiano

& PwC Chile
July 10 2019
This content is from: Sponsored

New Zealand proposes interim digital services tax

The New Zealand government has released a discussion document proposing a digital services tax (DST) as an interim measure while OECD discussions continue on possible changes to the international tax framework to addr...
By Brendan Brown

& Russell McVeagh

& Young-chan Jung
July 10 2019
This content is from: Sponsored

Poland: Obligatory split payment mechanism and white list of VAT taxpayers introduced

The Polish Ministry of Finance is amending the VAT Act and some other acts, providing for the introduction of a mandatory split payment model for certain transactions from September 1 2019.
By MDDP
July 10 2019
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Facebook ups the ante for global cryptocurrency tax framework

The launch of Facebook’s Libra currency and discussions at the G20 Summit about financial fraud and tax evasion with digital assets has ‘lit a fire under policymakers’ to develop better regulatory responses.
By Danish Mehboob
July 03 2019
This content is from: Indirect Tax

Robots are not coming for your job

Tax executives speaking at an International Tax Review event in London say it is a challenge to convince people that technology can be helpful, not distracting.
By Alexander Hartley
July 01 2019

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