Indirect Tax Briefing: global developments
Welcome to the latest edition of our Indirect Tax Briefing, our first digital version of this publication. We hope you like this format.
Indirect tax has an ever-widening impact – covering value-added tax (VAT), goods and services tax (GST), consumption taxes, excise duties, customs duties, insurance premium tax (IPT), environmental taxes and other indirect taxes.
Tax responsibilities – whose is it?
Responsibilities for all these taxes may sit in a number of different departments in an organization – from tax to finance, legal and logistics.
As such, it can be a difficult job to manage the many and various indirect taxes within a business as well as coping with large number of changes that occur, many of which happen without much warning.
VAT, GST and sales taxes
Our snapshot maps of changes in VAT, GST and sales taxes across the world indicate the challenges that global organizations face in keeping up to date as well as incorporating new indirect tax changes into their systems and processes to promote compliance.
Tax risks soar for businesses in digital world
Our range of articles that focus on changes in this environment include:
- Evolving tax laws
- The emergence of ”virtual currencies”
- Recently issued Organisation for Economic Co-operation and Development (OECD) VAT Guidelines on the treatment of cross-border trade
Indirect tax compliance continues to be a major concern for many businesses across the globe.
Country compliance challenges include
- Interpreting case law in the European Union (EU)
- VAT reporting in China and how technology can help
- Issues faced by foreign companies who conduct promotional and marketing services through subsidiaries or branches in Russia
- New additional compliance reporting in the Czech Republic
- Increased compliance burdens faced by companies that sell goods in the EU
We also continue our series of articles on trading in Africa, focusing on West Africa and the obstacles faced with free trade initiatives.
Global Director — Indirect Tax
+31 88 40 71175
Jeffrey N. Saviano
New York: +1 212 773 0780
Boston: +1 617 375 3702
+1 949 437 0533
+65 6309 8787
Europe, Middle East, India and Africa (EMEIA)
+44 20 7951 5728
William M. Methenitis
+1 214 969 8585
+353 1 221 2370