In September 2018, Indian authorities ruled that a certain local supplier was providing marketing, sales-promotion and post-sales support services that could not be considered passive marketing activities. Many corporate groups doing business in India will need to reevaluate their indirect tax positions in light of the recent ruling.
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 six countries that comprise the Gulf Cooperation Council will implement a value added tax in 2018. Businesses operating in the Gulf region need to be aware of how the new VAT will affect their operations.
Companies considering international expansion or already operating abroad must understand their tax obligations in all countries of operation. Indirect tax obligations — usually called VAT or GST — can be particularly important for US companies operating abroad.
India recently voted to replace its labyrinth of confusing, overlapping federal and state taxes with a single tax on goods and services. The new GST system aims to make India more attractive to foreign investment.
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.