ITR Search | International Tax Review

Making Tax Digital – confusion on the digital journey

The first component of the UK’s HMRC Making Tax Digital (MTD) project, VAT compliance, goes live on April 1 2019. Corporation tax and income tax will follow in 2020 or later, writes Richard Asquith, vice president of global indirect tax at Avalara.

February 27 2018

Could lower tax demands be the answer to cutting disputes?

Litigation between taxpayers and authorities is growing worldwide, but a successful outcome is never easy for any party involved in a conflict. Anjana Haines investigates why tax disputes are rising and how to potentially ease the burden.

Anjana Haines, February 27 2018

Limited tax perks for MNEs in India’s last budget before 2019 elections

The budget was well received, but the largest companies did not see their corporate tax rate cut In a budget that will play well with the electorate ahead of the 2019 elections, Finance Minister Arun Jaitley gave generously to some businesses, but left MNEs disappointed, and with a potentially higher tax burden.

Anjana Haines, February 27 2018

UK considers closer links between employment and tax rules

The taxation of ‘self-employed’ workers at companies like Uber has been a major point of contention in recent years The UK government has released its response to the Taylor Review, but the reaction to its response have been mixed among those working in, and representing, the gig economy.

Anjana Haines, February 27 2018

Going for gold in transactional tax

The Winter Olympics captured the attention of the world during February as athletes speed skated, snowboarded, scored, slid and skied for the greatest prizes in winter sports.

February 27 2018

The Brockman brief: Fast-track approvals

With the avalanche and uncertainty of unilateral adoption of BEPS-related provisions by many countries, in addition to subjective general anti-abuse treaty-based legislation, excessive lead times and inefficiencies of competent authority/treaty approval processes are becoming more costly and significant for both taxpayers and tax administrations.

February 27 2018

Serbia narrows down list of services subject to withholding tax

Important changes affecting a wide range of companies in Serbia have been introduced via amendments to the provision related to the application of withholding tax. Article 40, paragraph 1, item 5 of the Law on Corporate Profit Tax regulates the taxation of services provided by foreign entities by subjecting them to withholding tax. It will apply as of April 1 2018.

February 27 2018

Greece: Clarifications pending on the use of foreign terminal losses

The imposition of L 4446/2016 tried to clarify the provisions relating to the tax treatment of losses generated abroad, by amending Article 27 of the Greek Income Tax Code (L 4172/2013).

February 27 2018

Georgia: Georgia updates tax legislation

The government of Georgia is attempting to simplify the country's tax code after Georgia signed its association agreement (AA) deal with the EU in mid-2014. While major tax reforms regarding corporate income tax took place in 2017, Georgia continues to modify and update its tax system, bringing several updates into force at the beginning 2018.

February 27 2018

Tax Relief

“I’ll get the cheque but you get the VAT, alright?” In what could prove to be the straw that broke the VAT adviser's back, the UK's Upper Tribunal (Tax and Chancery Chamber) has ruled that banana and strawberry milkshake powder are subject to 20% VAT – but not chocolate milkshake powder.

February 27 2018

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