Taiwan has issued new rules concerning how non-residents without a permanent establishment are taxed on income derived from Taiwanese sources.
Australia has made important updates to its simplified transfer pricing record-keeping guidelines.
Our editor summarizes five things you should know about international expansion and operations, all from Vistra blog posts published last year.
Vistra has conducted its second global research study investigating the state of the private equity industry. Our study participants provide a wide range of perspectives, and include limited partners, general partners and legal intermediaries. The report identifies predominant trends in private equity now and how those trends are changing and affecting investor behavior. It addresses how the financial crisis continues to influence regulation and compliance, the rise in co-investment and large fund sizes, and how political uncertainties such as Brexit are affecting the PE decision-making process. It also examines the participants’ views of the future of private equity.
The OECD recently issued information on its Pillar Two, which is part of a larger plan to prevent multinationals from shifting profits to reduce or eliminate taxes. We provide a summary of the new OECD document and explain why it’s key to understanding the changing world of corporate taxation.
In a recent interview, the managing director of Vistra’s Reading, UK office said of operating internationally: “VAT and indirect taxes look deceptively simple but can go horribly wrong on a small detail, especially with cross-border transactions.” The bottom line is that if your organization operates abroad or is considering international expansion, you’ll have to understand and follow the indirect tax laws of each country of operation. Failure to comply with VAT rules, or to understand your entitlements under local law, can lead to additional costs, unanticipated tax liabilities, potentially needless VAT registrations and of course financial penalties.
The EU adopted a VAT Action Plan in 2016, and four so-called “VAT quick fixes” from the plan are going into effect in January. The quick fixes apply to all businesses — both EU- and non-EU-based — that trade in the bloc. We summarize the fixes and tell you how they apply in three common cross-border supply situations.
The U.S. Treasury and IRS released guidance this month on the base erosion and anti-abuse tax and the foreign tax credit. We summarize the BEAT and FTC regulations so you’ll understand how they’ll affect your multinational organization.
The IRS has issued new per-diem rates for business travelers who incur expenses while working away from home.
Russia has simplified the requirements for foreign holding companies to receive tax treaty benefits.
India has reduced corporate tax rates for companies incorporated there.
Belgium has set a deadline of 31 January 2020 for pre-filing requests in the field of transfer pricing, patent income deduction and innovation income deduction.