The US Supreme Court eliminated the “physical presence” safe harbor that had been protecting companies from sales tax for nearly 50 years. Unless Congress revokes this decision, the case may adversely impact both US and non-US businesses, as well as US consumers.
The Australian government has published a discussion paper on whether to introduce a new interim digital tax. The digital tax is expected to apply to service providers such as news and information providers (e.g., search engines and digital advertising), digital streaming and sharing services, accommodation platforms and other digital platforms.
New transfer pricing rules in Thailand go into effect January 1, 2019. The key provisions of the legislation include the following:
Decree 1515 of 2017, published on September 15, 2017, and in force as of that date, regulates Article 424(6) of the Tax Code regarding the VAT exemption on smart devices.
The 2017 tax reform implemented aims to stimulate the domestic economy, achieve fair taxation and rationalize the tax system.
The Irish Revenue Authority has released a new manual on the tax treatment of certain dividends.
On June 19, 2017, the State Administration of Taxation (SAT) published details of the administrative rules applying to high and new technology enterprises.
The UAE Ministry of Finance recently shared the key features and status of its VAT implementation process.
Changes have been enacted that ensure increased flexibility when utilizing prior year tax losses.
An amendment bill has been announced by the Executive Yuan that interest imposed on penalties for late tax payments will be abolished.
The Federal Council in Switzerland approved amending the withholding tax ordinance to encourage financing groups of companies in Switzerland.
In an effort to increase tax revenue and improve tax administration, the government of Oman has enacted significant changes to its tax law.