In this second post of a two-part series, we look at how coming EU VAT changes will affect e-commerce businesses based outside the European Union. We also look at the role of online marketplaces under the changes.
If your business sells or plans to sell goods online to EU-based customers, there are important VAT changes coming. In this first post of a two-part series, we explain what these changes mean for businesses that have an EU presence.
A Chinese e-commerce law went into effect January 1 and requires all online businesses to register with the government, and those that sell regulated products such as drugs must obtain a license.
This month, the OECD released a report on taxation and the digital economy. We put the report in context and summarize its high points so you know what leading authorities are saying about the subject now.
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.
The UK’s Autumn Budget leaves in place the UK’s low 19 percent corporate tax while vowing to tighten tax rules and crack down on online sales. This post addresses the main points of interest for corporations.
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.
Last week, Australia and China unveiled a joint statement on cybersecurity. The agreement is a reminder that, in the words of Australian prime minister Malcolm Turnbull, “the need for an open, free and secure internet goes far beyond economics.”
On November 8, Indian prime minister Narendra Modi declared that two of his country’s most-used bank notes would be worthless starting in January. This post explains Modi’s justifications for the experiment and its wide-ranging consequences.
There are a number of international tax issues that affect providers and purchasers of cloud computing software, including characterizing software payments. Characterization affects how software receipts are taxed and whether withholding tax should be applied. In short, software-payment classification can have a big impact on the overall profitability of a sale and the cash flows associated with it.
India has long been derided for its dense labyrinth of laws and resistance to change. Its new government has passed sweeping new legislation aimed at making it easier for non-Indian companies and individuals to do business and invest in the country. We look at some of the most significant reforms.
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.