B2B e-services providers that sell to customers in Russia need to be aware of changes to Russia’s VAT rules, which take effect January 1. We tell you what businesses need to register, how to register and how to account for VAT in Russia.
The EU is undertaking one of the most substantial reforms of its VAT system since the single market was created in 1993. Here’s a summary of what multinationals should know about the changes.
This month the UK Government issued a white paper laying out its proposals for a new customs landscape after Brexit.
Tax authorities around the world continue to change VAT rules to capture revenues from the e-commerce sector. The new rules are designed to level the playing field between international and domestic operators while (authorities hope) unlocking a gold mine of tax revenue.
The Brexit referendum will likely have significant implications for the UK's value-added tax system. Here are some important considerations to help you make informed VAT-related decisions as Brexit negotiations unfold.
There are many reasons to consider a carve-out transaction, from obtaining a cash infusion to introducing a new business line. But no matter what your motivation — or the size and age of your company — proper tax planning will allow you to better realize the full value of the business unit in question. Such transactions, which involve international elements and establishments in a number of jurisdictions, are particularly complex.
Nearly all countries charge some type of indirect tax on the local sale of goods or services. Understanding your company’s obligations and liabilities with regard to indirect taxation and devising effective tax compliance and mitigation strategies is an important ingredient in the success of an overseas endeavor.
By Nick Hart, Director, Advisory Services
By Nick Hart, Director, VAT Advisory Services