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Editorial

On the face of it, indirect tax is the better option for companies. Unlike direct taxes on their profits, taxes on consumption can, for the most part, be passed on. As such, companies around the world have welcomed a global trend of falling corporate tax rates offset by higher rates of VAT/GST.

October 01 2013

The VAT burden on infrastructure supplies to public authorities

VAT in Romania may be a cost for those seeking a permit from local authorities to erect the buildings needed to conduct their business. Ramona Jurubita of KPMG explores the issues.

October 01 2013

Indirect tax reform is coming

César Catalan of KPMG explains why the Mexican government is looking at indirect tax reform.

October 01 2013

New TP rules and challenges in Central and South America

Horacio Dinice and Adolfo Raso, with the assistance of transfer pricing leaders from Deloitte LATCO (Latin America Countries Organisation – a cluster that includes all countries from the region except Brazil, Chile and Mexico), introduce new rules in Central America and describe hot issues in South America.

October 01 2013

How multinationals can navigate Brazil’s TP environment

Due to the non-conformity of Brazil’s transfer pricing rules to international norms, navigating the country’s transfer pricing environment can be a turbulent affair. Marcelo Natale, Carlos Ayub and Fernando Matos of Deloitte’s Sao Paulo office, analyse the options for multinational groups operating in the country.

October 01 2013

Partnerships as controlled members of a VAT group

By the judgment of March 13 2013 (3 K 235/10), the tax court of Munich recognised partnerships, for the first time, as being potential controlled members of a VAT group. This judgment allows plenty of scope for companies and also contributes to tenure neutrality, explains Thomas Küffner of küffner maunz langer zugmaier.

October 01 2013

Bulgaria: Corporate Income Tax Act amendments related to scholarship donations

Donka Pechilkova, Eurofast Global New amendments to the Bulgarian Corporate Income Tax Act were adopted on August 2 2013. They mostly concern donations and more specifically donations in favour of students in secondary schools and/or universities carrying out their studies in an EU member state. The amendments will be effective from January 1 2014.

September 30 2013

Cyprus: Clarifications published by Inland Revenue on taxation

Zoe Kokoni, Eurofast Taxand The Inland Revenue Department of Cyprus (IRD) has released a document to provide assistance to taxpayers in relation to provisions on taxation.

September 30 2013

India provides new GAAR notification

India’s Central Board of Direct Taxes (CBDT) has issued a notification regarding the general anti-avoidance rule (GAAR), set to apply from fiscal year 2016 to 17, including clarifications over the scope of the anti-avoidance tool.

Matthew Gilleard, September 30 2013

BEPS: OECD insists it is engaging with developing countries

More than 300 senior tax officials from more than 100 jurisdictions and international organisations met in Paris on September 26 and 27 to discuss solutions to unintended double non-taxation caused by base erosion and profit shifting (BEPS).

Matthew Gilleard, September 30 2013

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