Mexico has joined the growing list of countries imposing a digital tax. In this case, Mexico has extended its VAT law to cover certain digital services provided by foreign suppliers.
Companies hire local talent in India, Poland, Malaysia and other popular target countries to save money and create efficiencies. This posts describes three popular offshoring models, including shared service centres, technology hubs and joint ventures. It also addresses some compliance-related concerns that apply to all three options.
U.S. companies that are 25 percent or more foreign-owned, foreign companies that are engaged in business with the U.S., and certain other multinationals must file a Form 5472 with their corporate U.S. tax return if they engage in a reportable transaction. The form isn't new, but related reporting requirements and penalties have been expanded.
As part of a push to make the country more efficient and business-friendly, Brazil has made changes to a law governing limitadas, or limited liability companies.