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Digital management in international tax compliance

The German tax authorities have overcome a major obstacle on their path to digitisation thanks to the successful launch of their taxonomy project for electronic standardisation of all German book/tax differences. This realignment also represents huge opportunities for companies.

December 15 2016

Hong Kong: BEPS gains momentum in Hong Kong

Hong Kong's implementation of the BEPS initiatives has been gaining momentum.

December 15 2016

GCC VAT: Initial steps towards implementation

The introduction of VAT in the Gulf Cooperation Council (GCC) member states marks the start of some of the most far-reaching changes in the region since the 1960s. Therefore, this change should not be taken lightly by any business operating in the region. Justin Whitehouse, Middle East indirect tax leader, and Tuulia Nurmi, manager of indirect tax at Deloitte Middle East, discusses how companies can successfully prepare for the tax.

December 15 2016

Has Australia rushed the diverted profits tax?

MNEs are encouraged to submit feedback on the DPT draft legislation to ensure the ironing out of a number of loose terms and explanations Businesses are concerned that the Australian government's long-awaited diverted profits tax (DPT) draft legislation has been rushed to ensure it is effective from July 1 2017 and say it fails to answer many questions on its application.

Amelia Schwanke, December 15 2016

UK government shaky on Brexit, but HMRC well-organised

Prime Minister Theresa May has rebranded the UK’s exit from the EU as a “red, white and blue Brexit” Leaks and murmurs are providing the best insight into how the UK government is planning to approach Brexit, but company tax departments can at least be thankful that the revenue authority, HMRC, appears to be well prepared for leaving the EU.

Joe Stanley-Smith, December 15 2016

European Commission unveils VAT rules for e-commerce businesses

European Commission aims to standardise VAT levied on e-commerce transactions It may become easier for e-commerce businesses to sell their goods and services online if the European Commission's latest proposals are enacted.

Anjana Haines, December 15 2016

Deals of the month

See who has done the tax work on this month’s biggest deals

December 15 2016

The Brockman brief: Tax policy: The time to speak is now

Many interested parties are voicing their opinions on the evolving international tax policies that have emerged since the OECD’s BEPS Project was launched, but the voice of corporations is missing from the discussions. Keith Brockman highlights the need for reasoned opinions that go beyond casual conversations.

December 15 2016

Iran: US Treasury relaxes dollar transaction rules for Iran

During the Iranian Minister of Economic Affairs and Finance Ali Tayyebnia's visit to Washington on October 8 2016, the US Treasury Department announced that it now permits financial transactions in US dollars between Iran and non-US financial institutions.

Ali Najm, December 15 2016

Chile: Taxpayers able to obtain credit on income from non-treaty countries

Rodrigo Winter Bernardita Parodi On October 26 2016, the Productivity Law (Law N° 20,956) was published in the Official Gazette to promote Chile's productivity by establishing a series of measures intended to achieve this goal.

December 15 2016

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