Auteur Archief: Internationaltaxreview.com

The promise and problem of a universal VAT system

The increasing inconsistency of national VAT systems have led to calls for global harmonisation of VAT regulations by tax professionals. The OECD is examining the options and some progress has been made this week. Lees verder

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The promise and problem of a universal VAT system

The increasing inconsistency of national VAT systems have led to calls for global harmonisation of VAT regulations by tax professionals. The OECD is examining the options and some progress has been made this week. Lees verder

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Trust among EU tax authorities essential to advance VAT regime

EU member states trying to consolidate their VAT regimes received a cautious welcome from tax directors at International Tax Review’s Indirect Tax Forum, who warned that countries will have to improve their cooperation.
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‘When can we have robots to get rid of all tax departments?’

During a panel session at the ITR Tax and Technology Forum, a head of tax said he had recently been asked by their CFO: “When can we have robots to get rid of all tax departments?”
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Pace of change makes it impossible to have an indirect tax strategy

Tax professionals speaking at the International Tax Review Indirect Tax Forum said that the rate of indirect tax changes around the world makes having a long-term strategic plan very difficult. Lees verder

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E-invoicing compliance goes beyond tax departments

In-house tax professionals, tax advisors and software providers have emphasised that complying with rapidly proliferating e-invoicing requirements requires input from businesses as a whole, not just their tax departments. Lees verder

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Uber’s VAT battles illustrate different approaches to taxing the platform economy

Uber has been fighting on multiple fronts over its VAT obligations in different jurisdictions. ITR examines how a settlement with the Egyptian authorities and an ongoing legal drama in the UK signal two different approaches to making the ‘platform economy’ subject to VAT rules.
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Uber’s VAT battles illustrate different approaches to taxing the platform economy

Uber has been fighting on multiple fronts over its VAT obligations in different jurisdictions. ITR examines how a settlement with the Egyptian authorities and an ongoing legal drama in the UK signal two different approaches to making the ‘platform economy’ subject to VAT rules.
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Bigger-than-expected Chinese VAT cuts lead to speculation on reform

China has announced bigger-than-expected cuts to two of its three rates of VAT in order to boost its economy against a backdrop of US trade tension, in what tax professionals believe could be the start of wider VAT reform. Lees verder

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ITR Asia Tax Awards 2019 shortlist announced

The nominations for the ITR Asia Tax Awards have been announced. Lees verder

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France’s DST: No detail, companies unprepared

The French cabinet has cleared the way for Europe’s first active digital services tax (DST). Experts say the proposals are still not detailed enough for the affected companies to prepare to pay the tax, despite its retroactivity and the quick turnaround before the first payment is due.
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How customisation can catch companies cold

Companies should resist the temptation to make numerous customisations to their in-house tax compliance systems because it makes them less flexible in the long-run, say tax directors. Lees verder

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Tax technologists increasingly important but hard to find for MNEs

Demand for tax technologists is rising in the post-BEPS environment, according to tax and technology leaders, as tax departments find it increasingly important to prepare systems for new developments coming from tax authorities. Lees verder

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Tax technologists increasingly important but hard to find for MNEs

Demand for tax technologists is rising in the post-BEPS environment, according to tax and technology leaders, as tax departments find it increasingly important to prepare systems for new developments coming from tax authorities. Lees verder

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How tax heads use tax authorities’ advances to fight for more resources

For tax heads beleagured by ever more sophisticated and divergent requirements from different tax authorities, there is an unlikely silver lining. For once, it’s easier to make the case to senior executives in the business that they should take the tax function seriously.
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