This content is from: Indirect Tax Why India’s GST credit limit cut will restrict cash flow The GST Council’s decision to lower the input tax credit (ITC) limit to 10% of eligible credit will further restrict Indian businesses’ cash flow, in particular those with supply chains stemming from the SME sector. By Mattias Cruz Cano December 23 2019
This content is from: European Union Companies not preparing for EU’s 2022 definitive VAT system Companies do not believe the EU will be able to introduce its definitive VAT system in 2022 as planned and are subsequently deciding not to prepare. By Anjana Haines December 23 2019
This content is from: European Union Confusion and uncertainty remains over EU’s 2020 VAT ‘quick fixes’ Tax executives at EU-based multinational corporations are concerned about how to comply with the EU’s VAT ‘quick fixes,’ but they agree that there will be a significant administrative and compliance impact. By Anjana Haines December 20 2019
This content is from: Sponsored Poland: Application for an AEO authorisation through the EU trader portal Agnieszka Kisielewska of MDDP outlines the recent changes that traders face in applying to become an authorised economic operator (AEO) and the benefits that they can reap from the status. By Agnieszka Kisielewska & MDDP December 20 2019
This content is from: India Companies not ready for India’s e-invoicing requirements Businesses say they do not have enough time to prepare their internal systems to issue e-invoices under the goods and services tax (GST) regime from January 2020, but advisors argue that implementation should not be d... By Patrick Wiseman December 18 2019
This content is from: Indirect Tax Swiss taxpayers confident about mandatory VAT e-filing Multinationals operating in Switzerland are confident of being able to comply with the 2020 introduction of mandatory electronic VAT returns, but many tell ITR that future internal system changes will be necessary to ... By Mattias Cruz Cano December 18 2019
This content is from: Sponsored MP 899 needs refining before it can improve Brazilian tax transactions Júlio de Oliveira, Paulo Rogério G. Ribeiro and André Affonso Amarante of Machado Associados discuss the effectiveness of the latest measure related to tax transactions in Brazil. By André Affonso Amarante & Júlio de Oliveira & Machado & Paulo Rogério G. Ribeiro December 18 2019
This content is from: Transfer Pricing Netflix calls for the OECD to focus on revenue, not sales In response to the OECD’s unified approach to taxing rights, Netflix has presented its own proposal to tax the digital economy based on revenue instead of sales. By Patrick Wiseman December 17 2019
This content is from: Global Global Tax 50 2019 It is tough to look beyond the discussions taking place on how to tax the digitalisation of the economy, but ITR’s Global Tax 50 attempts to do just this. Anjana Haines introduces the ninth edition of the landmark fea... By Anjana Haines & Danish Mehboob & Josh White & Mattias Cruz Cano & Patrick Wiseman December 17 2019
This content is from: Indirect Tax Global Tax 50 2019: Piet Battiau Piet Battiau has become a household name on ITR's Global Tax 50, featuring in every edition as one of the most influential people in the realm of indirect tax policy. By Mattias Cruz Cano December 17 2019
This content is from: Transfer Pricing The US supports GloBE, but global taxpayers are hesitant The OECD’s global anti-base erosion (GloBE) proposal under pillar two is broader than taxpayers expected. It risks over-complicating international tax before the impact of the BEPS project settles in. By Danish Mehboob December 17 2019
This content is from: Transfer Pricing Amazon: GloBE proposal must champion simplicity Amazon has called for simplicity in the OECD’s global anti-base erosion (GloBE) proposal under pillar two of its work on the taxation of the digital economy. By Mattias Cruz Cano December 17 2019
This content is from: France Global Tax 50 2019: Bruno Le Maire As the OECD attempts to find a solution on how to tax the digitalisation of the economy, its members are becoming frustrated by the lack of progress and taking action unilaterally. One of the most impatient countries ... By Patrick Wiseman December 17 2019
This content is from: United Kingdom Global Tax 50 2019: Jim Harra Chief Executive and First Permanent Secretary, HMRC By Anjana Haines December 17 2019
This content is from: Indonesia Global Tax 50 2019: Sri Mulyani Indrawati Minister of Finance, Indonesia By Anjana Haines December 17 2019
This content is from: Middle East Global Tax 50 2019: The Gulf Cooperation Council Regional intergovernmental political and economic union consisting of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates By Anjana Haines & Josh White & Patrick Wiseman December 17 2019
This content is from: Brazil Global Tax 50 2019: Brazil tax reform Overhaul of a complicated tax system. By Danish Mehboob December 17 2019
This content is from: United Kingdom UK election brings short-term tax certainty for businesses The Conservative government has won a shock majority in the UK election and many British businesses can expect short-term certainty. By Josh White December 13 2019
This content is from: United States US industries feel the sting of the trade war with China As the US trade war with China drags on, US businesses that rely heavily on the Chinese market are looking at alternative jurisdictions to curb the extra costs, but the gap in supply is proving hard to fill. By Patrick Wiseman December 13 2019
This content is from: Indirect Tax Global oil companies call for OECD to change its rules Companies like Ørsted and SABIC have said the OECD needs to do more to clarify its international tax proposals to prevent a new wave of tax disputes, recommending mandatory binding arbitration. By Patrick Wiseman December 12 2019
This content is from: United Kingdom UK political parties clash over DSTs The UK’s political parties have taken different stances on whether and how to introduce a digital services tax (DST) despite the threat of US retaliation. By Patrick Wiseman December 11 2019
This content is from: Indirect Tax Amazon: GloBE approach needs to cut down compliance Amazon has drawn up recommendations for the methodology to apply the global anti-base erosion (GloBE) proposal under pillar two of the OECD’s work on the digital economy. By Mattias Cruz Cano December 11 2019
This content is from: Indirect Tax Amazon: GloBE proposal must champion simplicity Amazon has called for simplicity in the OECD’s global anti-base erosion (GloBE) proposal under pillar two of its work on the taxation of the digital economy. By Mattias Cruz Cano December 09 2019
This content is from: Indirect Tax Brazil reveals 2020 tax reform proposals The Brazilian government has announced that it will start presenting proposals to congress to overhaul the country’s complex tax system starting in 2020. By Mattias Cruz Cano December 06 2019
This content is from: Sponsored VAT and technology: The first fully automated tax? Looking ahead, technological changes will impact VAT administration and compliance, with significant implications for the role of the VAT professional. Lachlan Wolfers sets out a series of predictions for the years ah... By KPMG China & Lachlan Wolfers December 03 2019
This content is from: Sponsored Five years of rapid VAT evolution: How have predictions held up? Recent years have seen striking changes in the VAT landscape, both in China and overseas, in relation to the scope of the tax, its mode of operation and the technology underpinning it. Lachlan Wolfers reviews a series... By KPMG China & Lachlan Wolfers December 03 2019
This content is from: Sponsored We need to talk about platforms: Ongoing tax challenges in China As policymakers in China and elsewhere inch towards a new global tax framework to deal with the challenges of digitalisation, many domestic tax law and administration issues are yet to be resolved for China’s digital ... By Conrad Turley & KPMG China & Sunny Leung December 03 2019
This content is from: Sponsored Checklist of hot China tax issues for MNEs in 2020 In 2020, taxpayers should be alert for the following China tax developments and trends. By KPMG China & Sunny Leung December 03 2019
This content is from: Sponsored Future of VAT: Continued evolution and increasing significance The world will see VAT further increase in importance as a revenue raiser for countries and there will be ongoing change to its scope and mode of operation. Lachlan Wolfers makes predictions for the coming years. By KPMG China & Lachlan Wolfers December 03 2019
This content is from: Indirect Tax Sweden seeks certainty on VAT groups for financial services The Swedish Supreme Administrative Court (SAC) is seeking clarity from the Court of Justice of the European Union (CJEU) on how to interpret the principles set by the 2014 Skandia case. By Mattias Cruz Cano December 03 2019
This content is from: Indirect Tax Mining sector and Spotify agree on inclusion of losses in pillar one proposals The mining industry and digital streaming businesses such as Spotify appear united on the treatment and inclusion of losses under the OECD’s pillar one proposals. By Patrick Wiseman December 02 2019
