ITR Search | International Tax Review

Belgium: VAT on training events and seminars

Samir Haouari Following the implementation of the so-called VAT package, the rules on the place of supply of services have significantly changed. As a general rule, in a B2B context, services are now taxable for VAT where the recipient is established. However, services for the admission to cultural, artistic, sporting, scientific, educational, entertainment, or similar events, remain taxable for VAT where the event physically takes place.

November 01 2011

UK avoidance schemes and illegal insurance

Providing a contract of insurance in the UK without the necessary permission or exemption is a criminal offence and renders the contracts unenforceable by the provider. Robert Viney of Davies Arnold Cooper offer some advice to ensure providers of avoidance schemes are on the right side of the line.

November 01 2011

China 698 case highlights importance of reasonable commercial purpose

Guizhou province, China Taxpayers in China must be aware that tax officials may take into account economic substance of a company only in its jurisdiction of incorporation when applying Circular 698.

November 01 2011

Transfer pricing comes of age in Vietnam

Transfer pricing activity has increased significantly in the past year in Vietnam with the government vowing to take the issue more seriously and investigate companies that are repeatedly reporting losses in the country. With a recent announcement of a pilot APA programme, Thomas McClelland, the chairman of EuroCham’s (European chamber of commerce in Vietnam) Tax and Transfer Pricing Committee, discusses what this means for businesses operating in the country.

November 01 2011

Americas Awards 2011

One of the few transfer pricing cases to go to trial in the US in the last decade won an Americas Tax Award from International Tax Review for Symantec, the taxpayer at the centre of the litigation.

November 01 2011

Japan sets up special zones to lure R&D and HQs

Japan is rolling out the red carpet for foreign investors in a bid to jumpstart its economy, which is struggling to recover from severe economic conditions triggered by the global financial crisis, the catastrophic earthquake and tsunami, and a strong yen. Hitoshi Takano, Jonathan Stuart-Smith and Linda Ng of Deloitte explain how newly created special zones and other tax incentives for companies may mean they consider relocating.

November 01 2011

Surviving global meltdowns, terrorism and RBS

James Badenach, former head of Asia tax at RBS, talks to Jack Grocott about how tax helped navigate the bank through the global meltdown and subsequent UK government bailout and why he is lucky to be alive.

November 01 2011

How pioneer industries will benefit from Indonesian tax holiday

The exemption will only be available to pioneer or upstream industries The Indonesian Ministry of Finance has released long awaited regulations regarding the provision of tax facilities in the form of exemption from, or reductions in, the rate of corporate income tax.

November 01 2011

Hartnett must go

It is time for the UK's top tax official to leave office. Dave Hartnett, HM Revenue & Customs' permanent secretary, has made a made a big contribution to tax in the UK and globally, but a series of recent controversies is adversely affecting his reputation.

November 01 2011

IBA learns of deeper GCC tax systems

One of the most frequently asked questions about tax in the Gulf Cooperation Council (GCC) countries is: what does a tax adviser do in a tax-free environment? Delegates at the International Bar Association’s annual conference, being held this year in Dubai, gained some insights.

November 01 2011

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