This content is from: Global This week in tax: World leaders gather at COP26 and G20 World leaders are gathering this weekend for COP26 and the G20 Summit. Both summits will likely have far-reaching implications for the future of international tax policy. By Anugraha Sundaravelu & Josh White & Leanna Reeves October 29 2021
This content is from: Global What taxpayers should expect from COP26 The global climate conference could lead to greater harmonisation on carbon pricing, although a global agreement is unlikely. Yet COP26 could have far-reaching implications for energy and financial tax policy. By Alice Jones October 27 2021
This content is from: United Kingdom UK budget must strike balance between OECD goals and domestic tax agenda The UK budget looks set to spell 'fiscal discipline' for taxpayers, but it could also define the British role in making the OECD’s digital tax reforms a reality. By Leanna Reeves October 27 2021
This content is from: Direct Tax European countries agree to withdraw DSTs in compromise with the US Austria, France, Italy, Spain, and the UK, have agreed to repeal unilateral measures targeting technology companies. The deal introduces a tax credit for companies facing digital services taxes (DSTs) ahead of pillar ... By Danish Mehboob October 22 2021
This content is from: United States This week in tax: US drops threat of tariffs over digital tax Following the OECD tax agreement, the US government has cut a deal with five European countries to put aside the threat of tariffs over digital tax measures. This agreement may help secure international tax reform. By Alice Jones & Anugraha Sundaravelu & Josh White October 22 2021
This content is from: Global TP directors strive to mitigate risks during the next phase of COVID-19 Businesses are minimising transfer pricing (TP) risks from COVID-19 by collaborating with human resources (HR) teams, developing more comprehensive documentation, and working more closely with tax authorities. By Alice Jones October 22 2021
This content is from: Sponsored Crypto-assets and VAT: Tips for walking on ice Diogo Ortigão Ramos, Daniel S de Bobos-Radu and João Pedro Russo of Cuatrecasas present the current Portuguese VAT framework for crypto-assets and approach several tax issues that may impact crypto businesses. By Cuatrecasas & Daniel S de Bobos-Radu & Diogo Ortigão Ramos & João Pedro Russo October 21 2021
This content is from: Sponsored Malaysia’s bill of demand for sales tax quashed DP Naban, S Saravana Kumar and Ng Kar Ngai of Rosli Dahlan Saravana Partnership discuss a case decided by Malaysia’s High Court where the taxpayer successfully has the bill of demand for sales tax quashed. By Datuk DP Naban & Ng Kar Ngai & Rosli Dahlan Saravana Partnership & S Saravana Kumar October 21 2021
This content is from: Global TP technology is reaching new capabilities Transfer pricing (TP) teams at multinational enterprises (MNEs) are increasingly automating complex compliance projects such as managing country-specific risks, as the technology evolves. By Alice Jones October 20 2021
This content is from: India The OECD tax agreement spells the end for India’s equalisation levy The OECD-brokered deal requires countries to revoke all digital services taxes (DST) and any equivalent measures. The deal also commits governments to not introduce such measures in the future. By Anugraha Sundaravelu October 20 2021
This content is from: Sponsored Tax Insights: KPMG experts discuss transforming the tax function across Asia-Pacific Innovative compliance tools. New approach to reporting. Smart tech. ITR Asia-Pacific Tax Awards winners Jenny Clarke and Cristina Alvarez discuss how the team at KPMG is ‘re-imagining’ tax in the region. By Cristina Alvarez & Jenny Clarke & KPMG Asia-Pacific & Prin Shasiharan October 20 2021
This content is from: Sponsored Webinar: Indirect tax - simplifying through technology ITR and Thomson Reuters hosted a webinar on November 17 to discuss how indirect tax challenges can be simplified through the use of technology. By Deepak Bolia & Mawi Andres & Thomson Reuters & Vinod Mandlik October 18 2021
This content is from: Indonesia Indonesia goes forward with tax reform to increase revenue The Indonesian government has cancelled the planned corporate tax cut in favour of creating a carbon tax regime and raising the VAT rate. However, the government will also be holding a tax amnesty. By Anugraha Sundaravelu October 15 2021
This content is from: Global OECD brokers “landmark” tax deal The OECD has secured a multilateral agreement on pillars one and two. The accord signed by 136 countries will impose a 15% floor on corporate tax rates and reallocate $125 billion of profits. By Alice Jones October 11 2021
This content is from: Sponsored VAT penalties and the principles of proportionality and neutrality Fernando Matesanz of Spanish VAT Services looks at a case that focuses on the controversial issue of VAT penalties and considers whether the latest judgments from the ECJ are moving towards a harmonised criterion. By Fernando Matesanz & Spanish VAT Services October 11 2021
This content is from: Direct Tax Ireland and other holdout countries agree on pillar two at 15% Ireland, Hungary, and Estonia agree to a global minimum corporate tax rate of 15%, but a US political divide over the global intangible low taxed income (GILTI) regime threatens a consensus. By Danish Mehboob October 08 2021
This content is from: Sponsored Switzerland inches towards the complete elimination of tariffs on industrial goods Hevin Demir, Philipp Weber-Lortsch and Maura Decosterd of Deloitte discuss the impact of the revised Swiss Customs Act on industrial goods. By Deloitte Switzerland & Hevin Demir & Maura Decosterd & Philipp Weber-Lortsch October 07 2021
This content is from: European Union Tax directors are juggling indirect taxes on e-commerce Tax teams at multinational enterprises (MNEs) are managing EU VAT e-commerce rules, OSS and IOSS, and marketplace obligations. Meanwhile, MNEs are seeing an increase in online sales due to COVID-19. By Alice Jones October 06 2021
This content is from: Global Pandora Papers will increase scrutiny on MNE tax affairs Leaked financial information about offshore accounts could implicate multinational enterprises (MNEs) and lead to criminal convictions. By Alice Jones October 04 2021
This content is from: Sponsored Indonesia: Law updated on bond-related investments and VAT for retail merchant tenants Benjamin Simatupang and Siti Nimah Fitriah of GNV Consulting discuss new guidance in relation to bond-related investments and retail merchant tenants. By Benjamin Simatupang & GNV Consulting & Siti Ni’mah Fitriah October 04 2021
