This content is from: Indirect Tax Fintechs are racing to meet Indonesia’s VAT deadline on digital wallets Indonesian tax professionals have told ITR that some financial technology (fintech) companies are still racing to get their systems and procedures ready to charge VAT on digital wallet services from May 1. By Siqalane Taho April 29 2022
This content is from: Global This week in tax: Article 12B is ready for use in tax treaties In another eventful week in tax, the 2021 edition of the UN Model Taxation Convention was officially launched, while Disney is facing a higher tax bill over its disagreement with Florida Governor Ron DeSantis. By Anjana Haines April 29 2022
This content is from: Ukraine ITR Hub: Tax impact of the Russia-Ukraine conflict The unfolding crisis of the Russia-Ukraine war has widespread tax implications for businesses. ITR provides a central page for tax professionals wanting to understand how to navigate the consequences of the conflict. By ITR Editorial April 28 2022
This content is from: Indirect Tax Companies worried about India’s planned GST rate changes Tax directors told ITR that uncertainty over what changes the Indian GST Council will make to the four-tier rates system is hampering business tax planning efforts. By Siqalane Taho April 27 2022
This content is from: Global Countries can include Article 12B of UN Tax Convention in treaties Countries can now formally include Article 12B of the UN Tax Convention in their treaties on the avoidance of double taxation. By Anjana Haines April 27 2022
This content is from: Sponsored Brazilian Supreme Court defines tax on media advertising Gabriel Caldiron Rezende and Thales D'luca Magagnin of Machado Associados discuss the highly anticipated Supreme Court decision on the taxation of advertising in some media. By Gabriel Caldiron Rezende & Machado & Thales D'luca Magagnin April 27 2022
This content is from: France France set for turnover tax cuts if June elections favour Macron After winning the presidential election, Emmanuel Macron secured his legacy of lower corporate taxes. However, he must win a majority in the June legislative elections to abolish the contribution on added value (CVAE). By Josh White April 27 2022
This content is from: Global ITR Awards 2022: In-house research launch Nominations are now being accepted for the best in-house teams and practitioners across tax and transfer pricing for ITR's 2022 Awards. By James Wilson April 25 2022
This content is from: Sponsored The evolution of green taxation in Portugal Tiago Marreiros Moreira and Filipe de Vasconcelos Fernandes of Vieira de Almeida discuss the types of policy objectives aligned with green taxation in Portugal, and predict upcoming changes. By Filipe de Vasconcelos Fernandes & Tiago Marreiros Moreira & Vieira de Almeida April 25 2022
This content is from: Sponsored Progress towards recovering VAT on bad debts in Spain Fernando Matesanz of Spanish VAT Services discusses an encouraging ruling from the tax authorities on amending VAT on irrecoverable debts. By Fernando Matesanz & Spanish VAT Services April 25 2022
This content is from: Global Environmental tax policy is important in achieving Earth Day’s objectives Earth Day 2022 marks high government and in-house investment in tax policymaking globally to meet climate change targets. In addition, wider environmental tax policy through alternative carbon pricing is boosting clim... By Danish Mehboob April 22 2022
This content is from: Global This week in tax: Using Earth Day for tax digitisation The 52nd International Mother Earth Day offers an opportunity for the tax sector to assess its carbon footprint, while also taking stock of the increasing number of environmental tax measures. By Anjana Haines April 22 2022
This content is from: Sponsored Developments in VAT and energy taxes on Irish fuel Alan Kilmartin of Deloitte Ireland discusses changes to Irish taxes on fuels, as the government aims for carbon neutrality by 2050. By Alan Kilmartin & Deloitte Ireland April 22 2022
This content is from: Sponsored China’s Hainan free trade port: Sales tax reform brings new opportunities Nicole Zhang of KPMG China discusses the progress made on Hainan Free Trade Port and considers the unique features of this tax regime, relative to the standard mainland China tax rules. By KPMG China & Nicole Zhang April 21 2022
This content is from: Norway VAT proposal in Norway to close advisor exemption on M&A deals The Norwegian government intends to change the VAT scheme for foreign providers of services that could close an important exemption loophole used by bankers and advisors working on corporate deals, according to tax pr... By Siqalane Taho April 20 2022
This content is from: India India likely to amend GST rates as compensation scheme ends The Indian government intends to reform the goods and services tax (GST) rates to protect tax revenues across the country’s 28 states and additional union territories as the GST compensation scheme ends. By Josh White April 20 2022
This content is from: Sponsored Taxing alcoholic spirits in India: The litmus test of potability Despite clear court rulings, confusion remains around which liquors are liable for GST, as Raghavan Ramabadran and Sahana Rajkumar of Lakshmikumaran & Sridharan explain. By Lakshmikumaran & Sridharan & Raghavan Ramabadran & Sahana Rajkumar April 20 2022
This content is from: United States Women in Business Law Awards Americas 2022: shortlist revealed The Women in Business Law Awards is excited to present its shortlist for the 2022 Americas Awards. By John Harrison April 19 2022
This content is from: Global Embracing automation: Are you prepared for the digitisation of VAT? Technology and its insights will be the driving force for real strategic success for companies required to comply with continuous transaction controls (CTCs), writes Christiaan Van Der Valk, vice president for strateg... By Christiaan Van Der Valk April 19 2022
This content is from: Indirect Tax VAT introduction in Kuwait and Qatar likely to be delayed until 2024 Tax directors and advisors do not expect VAT regimes in Kuwait and Qatar to be introduced before 2024 as concerns over rising inflation and high oil prices bolster tax revenues. By Siqalane Taho April 13 2022
This content is from: United Kingdom UK businesses still struggle with poor data in Making Tax Digital The UK finally completed Making Tax Digital (MTD) for VAT, but the problem of low-quality data has not been solved. Instead, HM Revenue and Customs (HMRC) has left the problem to taxpayers. By Josh White April 12 2022
This content is from: Asia Pacific Women in Business Law Awards APAC 2022: Open for submissions The Asia-Pacific awards research cycle has now begun – don’t miss out on this opportunity to get recognised. By John Harrison April 07 2022
This content is from: France Macron’s pledges the end of CVAE in bid for second term French President Emmanuel Macron has pledged to abolish the contribution on added value (CVAE) in his second term to build on his tax reform efforts. However, the presidential election looks like it will be a close call. By Josh White April 06 2022
This content is from: European Union EU finance ministers fail to agree on minimum tax directive again The Economic and Financial Affairs Council (ECOFIN) failed to pass the European Commission’s minimum tax directive after Poland vetoed legislation. The Council’s next vote is in May, but Poland is delaying global refo... By Danish Mehboob April 06 2022
This content is from: Sponsored São Paulo defines new ICMS model for electricity transactions in the free market Mauri Bornia and Gabriel Caldiron Rezende of Machado Associados discuss the legislative changes made by the state of São Paulo to the State VAT (ICMS) on transactions with electricity in the free market. By Gabriel Caldiron Rezende & Machado & Mauri Bornia April 06 2022
This content is from: India This week in tax: Crypto exchanges fall foul of India’s GST law The Indian government has recovered INR95.86 crore ($958 million) in unpaid GST from 11 crypto exchanges. The Income Tax Department is assessing how foreign and domestic exchanges operate in India. By Josh White April 01 2022
This content is from: Sponsored Online bets and gambling: Changes in the Chilean tax and regulatory scene Sandra Benedetto Back, Jonatan Israel and Nicolas Foppiano of PwC Chile provide a tax and regulatory update on the gambling industry in Chile. By Jonatan Israel & Nicolas Foppiano & PwC Chile & Sandra Benedetto Back April 01 2022
