Complying with the new Digital Economy VAT and Digital Services Tax requirements
|
|
|
- Vincent Sanders
- 5 years ago
- Views:
Transcription
1 Complying with the new Digital Economy VAT and Digital Services Tax requirements Local to global; data to returns 2018 KPMG EMA Tax Summit Rome, Italy
2 Welcome and agenda Michael Whetton Senior Manager, Global Indirect Tax Services Digital Economy Sector KPMG in the United Kingdom Andy van Esdonk Senior Manager, Global Indirect Tax Services Digital Economy Sector KPMG in the Netherlands 2
3 Agenda 16:15 16:35 Welcome, introduction and background 16:35 17:10 Panel the global and regional digital policy perspective & what next for business? 17:10 17:40 Dealing with the practical implementation of changes arising from digital 17:40 18:00 From transactions and data to returns managing the global compliance burden 18:00 18:10 Q&A how best to implement the changes 18:10 18:15 Closing remarks and wrap-up 2018 KPMG International Cooperative ( KPMG International ), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. 3
4 The global landscape Lachlan Wolfers Partner and Global Leader, Global Indirect Tax Services Digital Economy Sector, KPMG in China Max van de Ven Partner and EMA Leader, Global Indirect Tax Services Digital Economy Sector, KPMG in the Netherlands 4
5 OECD in which year? Governments must provide a fiscal climate within which electronic commerce can flourish, weighed against the obligation to operate a fair and predictable taxation system that provides the revenue required to meet the legitimate expectations of citizens for publicly provided services. Striking the right balance between these objectives is the aim of this Report. 5
6 The context Explosion of internet and B2C trade in goods cross border Massive under reporting of tax (deliberate and unintentional) Explosion of SME s trading or offering services via Marketplaces Marketplaces and facilitators Agent v Principal ( it s not my problem sentiment) Outdated or quick fix legislation not keeping pace and creating disparities globally Supplier reputation 6
7 The challenges Taxation at place of consumption Non-residents face overseas compliance obligations The digitization of Tax Many digital economy providers are currently incapable of complying The rise of the platform as the tax collector for all Public calls for greater ethics and morality in digital economy business models The politicization of the taxing debate around the digital economy US v EU What happens when the normal economy becomes the digital economy? 7
8 7 Global VAT/GST principles for Taxing Digital Economy Tax authority objectives Ottawa Taxation Framework Conditions Principles for business Ease of collection Neutrality Ease of administration, recognising may not have physical presence in country Ease of enforcement Efficiency Certainty and simplicity No distortion of competition & equality of enforcement of: Ease of compliance Effectiveness and fairness Flexibility domestic v overseas providers; As between overseas providers Taxes based on place of consumption (i.e. destination principle) Highly standardised global rules Tax only value added in supply chain Broad scope Ability to embed VAT/GST in pricing and contracts customer bears the tax No unfair tax competition Certainty in determining status of recipient: B2B vs B2C Domestic vs overseas customers Same revenue should be taxed in one jurisdiction only Capacity to distinguish through existing systems: B2B vs B2C Domestic vs overseas customers 8
9 Panel the global and regional digital policy perspective & what next for business? Lachlan Wolfers Partner and Global Leader, Global Indirect Tax Services Digital Economy Sector, KPMG in China 9
10 Panel Lachlan Wolfers Partner and Global Leader, Global Indirect Tax Services Digital Economy Sector KPMG in China Arthur Kerrigan Consultant KPMG in Ireland Previously a Senior Officer at the EU Commission Rufino de la Rosa Partner KPMG in Spain Previously with the Spanish Tax Authority Sandy Nicolson Partner KPMG in the United Sates of America Americas Lead, Global Indirect Tax Services Digital Economy Sector 2018 KPMG International Cooperative ( KPMG International ), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. 10
11 The local environment Michael Whetton Senior Manager, Global Indirect Tax Services Digital Economy Sector, KPMG in the United Kingdom Andy van Esdonk Senior Manager, Global Indirect Tax Services Digital Economy Sector, KPMG in the Netherlands 11
12 Changing VAT regulatory environment member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved
13 A structured approach Map the current Map the future Build a control framework Understand your obligations & Prepare the business Influence where you can 13
14 Back to basics Identifying countries Who s liable Definitions Ongoing monitoring Type of customer Registration, filing, invoicing Thresholds member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved
15 From data to returns Maria Catala Garcia Head of Digital Services Compliance KPMG Global Services Hungary 15
16 Managing compliance in the digital economy Compliance challenges 2018 KPMG International Cooperative 2017 ( KPMG KPMG International ), a Cooperative Swiss entity. ( KPMG Member International ), firms of the KPMG a Swiss network entity. of Member independent firms firms of the are KPMG affiliated network with of KPMG independent International. firms are KPMG affiliated International with KPMG provides International. no client KPMG services. No 16 member firm has any authority to obligate International or bind KPMG provides International no client services. or any other No member firm has vis-à-vis any authority third parties, to obligate nor does or bind KPMG KPMG International have or any any such other authority member to firm obligate vis-à-vis or bind third any parties, member nor firm. does All KPMG rights reserved. International have any such authority to obligate or bind any member firm. All rights reserved.
17 Q&A how best to implement the changes Lachlan Wolfers Partner KPMG in China Michael Whetton Senior Manager KPMG in the United Kingdom Max van de Ven Partner KPMG in the Netherlands Andy Van Esdonk Senior Manager KPMG in the Netherlands 17
18 Local/Foreign Card Issuer Split Payment Systems Refunds Legal and Contracting Full v Simplified VAT registrations B2C Services Type of Customer B2G B2B Reverse Charge Invoicing B2B VAT Withholding Logistics firms B2C Goods Intermediaries/Marketplaces Scope and Definitions Customer Location Reverse Logistics Value Creation DST Digital PE 18
19 Session close Lachlan Wolfers Partner, Head of Indirect Tax, KPMG China, Tax Regional Leader, Asia Pacific Indirect Taxes, Global Leader, KPMG Digital Sector Indirect Tax Network 2018 KPMG International Cooperative 2017 ( KPMG KPMG International ), a Cooperative Swiss entity. ( KPMG Member International ), firms of the KPMG a Swiss network entity. of Member independent firms firms of the are KPMG affiliated network with of KPMG independent International. firms are KPMG affiliated International with KPMG provides International. no client KPMG services. No 19 member firm has any authority to obligate International or bind KPMG provides International no client services. or any other No member firm has vis-à-vis any authority third parties, to obligate nor does or bind KPMG KPMG International have or any any such other authority member to firm obligate vis-à-vis or bind third any parties, member nor firm. does All KPMG rights reserved. International have any such authority to obligate or bind any member firm. All rights reserved.
20 Thank you 20
21 kpmg.com/socialmedia 2018 KPMG International Cooperative ( KPMG International ), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International. CREATE: CRT103346A
Fair Taxation of the Digital Economy: What is Fair? 2018 KPMG EMA Tax Summit Rome
Fair Taxation of the Digital Economy: What is Fair? 2018 KPMG EMA Tax Summit Rome Panel Chris Morgan Head of Global Tax Policy E: christopher.morgan@kpmg.co.uk Robert Van der Jagt Chairman of KPMG's EU
Global Tax Webcast. Taxation of the Digital Economy: an Asia Pacific perspective on the recent developments. KPMG Asia Pacific Tax Centre
Global Tax Webcast Taxation of the Digital Economy: an Asia Pacific perspective on the recent developments KPMG Asia Pacific Tax Centre May 15, 2018 Speakers Grant Wardell-Johnson, Leader, Australian Tax
The Netherlands Digital Gateway to Europe 2016 Meijburg & Co, Tax Lawyers, is an association of limited liability companies under Dutch law,
The Netherlands Digital Gateway to Europe and is a member of KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. 1 With you today Willem Jan Paardekooper Meijburg
Observations on OECD Interim Paper and EU Commission Digital Tax Proposals
Observations on OECD Interim Paper and EU Commission Digital Tax Proposals KPMG International April 2018 Introduction On 16 March the OECD released its Report Tax Challenges Arising from Digitalization
Piet Battiau Head of Consumption Taxes Unit Centre for Tax Policy and Administration
MEMORANDUM To: From: Piet Battiau Head of Consumption Taxes Unit Centre for Tax Policy and Administration Jonathan Evan-Hughes (Senior Consultant Indirect Taxes) Premal Mehta (Indirect Tax Advisor) BP
Re: GST: Overseas Vendor Registration Regime for the taxation of cross-border services and low-value goods
June 30, 2017 Inland Revenue Authority of Singapore (IRAS) To: WONG Sze Teen LEONG Shi Wei Re: GST: Overseas Vendor Registration Regime for the taxation of cross-border services and low-value goods The
HMRC consultation: Alternative method of VAT collection split payment Response by the Chartered Institute of Taxation
HMRC consultation: Alternative method of VAT collection split payment Response by the Chartered Institute of Taxation 1 Introduction 1.1 The Chartered Institute of Tax (CIOT) welcomes the opportunity to
ELECTRONIC COMMERCE AND INDIRECT TAXATION
COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 17.06.1998 COM(1998) 374 final COMMUNICATION FROM THE COMMISSION TO THE COUNCIL, THE EUROPEAN PARLIAMENT AND THE ECONOMIC AND SOCIAL COMMITTEE ELECTRONIC
Allocation of income post-beps
Allocation of income post-beps EMA Tax Summit London, September 2016 Download the app Open a web browser on your mobile and navigate to http://mobile.globaltaxevent.com Use WiFi for better speed. Select
Fair taxation of the digital economy
Contribution ID: 13311b6b-0b4c-4bf0-a3d9-c6b94f5ab400 Date: 02/01/2018 21:27:35 Fair taxation of the digital economy Fields marked with * are mandatory. 1 Introduction The objective of the initiative is
Summary Report Responses to the public consultation on the special scheme for small enterprises under the VAT Directive
EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration Value added tax Brussels, 11 Apr. 17 taxud.c.1(2017) 2171823 Summary Report Responses to the
Learn more about Thresholds
Learn more about Thresholds VAT registration: Threshold VAT registration thresholds 1.1. Overview of local VAT threshold Local VAT registration thresholds were designed to reduce the administrative burden
VAT and the Digital Economy
VAT and the Digital Economy Overview of Policy Donato Raponi General Context Digital Single Market Strategy one of the Top 10 objectives of the Juncker Commission. VAT identified by business as one of
Future of tax in a digital economy: Are you prepared? The Dbriefs International Tax series
Future of tax in a digital economy: Are you prepared? The Dbriefs International Tax series Claudio Cimetta / Li Qun Gao / William Marshall 1 June 2017 Agenda The digital economy Tax challenges of the digital
KPMG TaxWatch Webcast:
KPMG TaxWatch Webcast: VAT Implications of Cloud September 19, 2012 ANY TAX ADVICE IN THIS COMMUNICATION IS NOT INTENDED OR WRITTEN BY KPMG TO BE USED, AND CANNOT BE USED, BY A CLIENT OR ANY OTHER PERSON
Summary of key findings
1 VAT/GST treatment of cross-border services: 2017 survey Supplies of e-services to consumers (B2C) (see footnote 1) Supplies of e-services to businesses (B2B) 1(a). Is a non-resident 1(b). If there is
Statistics: Fair taxation of the digital economy
Statistics: Fair taxation of the digital economy Your reply: can be published with your personal information (I consent to the publication of all information in my contribution in whole or in part including
Value Added Tax Overview. Harley Duncan, KPMG Joe Huddleston, EY Boston, August 4, 2017
Value Added Tax Overview Harley Duncan, KPMG Joe Huddleston, EY Boston, August 4, 2017 Notices The following information is not intended to be written advice concerning one or more Federal tax matters
Georgia Stamatelou Partner, Head of Tax 19 April 2018
Taxation and Challenges of the Digital Economy Georgia Stamatelou Partner, Head of Tax 19 April 2018 Agenda Digital Economy in the EU: Commission s proposals Important Milestones The Various Initiatives
EU VAT. Anticipating the changing indirect tax landscape. 14 November 2018
EU VAT Anticipating the changing indirect tax landscape 14 November 2018 EU VAT: Anticipating the changing indirect tax landscape Speakers Martin Morawski Senior Associate Amsterdam Mirko Marinc Partner
13 TH MEETING 2 MAY 2016
EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration Value added tax VAT Expert Group 13 th meeting 2 May 2016 taxud.c.1(2016)3386352 VAT EXPERT GROUP
POSITION PAPER EU CONSULTATION ON FAIR TAXATION OF THE DIGITAL ECONOMY
Opinion Statement FC 10/2017 POSITION PAPER EU CONSULTATION ON FAIR TAXATION OF THE DIGITAL ECONOMY Prepared by the CFE Fiscal Committee Submitted to the EU Institutions on 6 December 2017 The CFE (Confédération
Disrupt and grow Global CEO Outlook
Disrupt and grow 2017 Global CEO Outlook Disruption as an opportunity CEOs are striving to achieve positive disruption in the market to create further opportunities for growth. 96% of Singapore CEOs are
Table of Contents. Part One Introduction. Part Two VAT/GST Double (Non-)Taxation and Possible Remedies. Chapter 2: VAT/GST Double (Non-)Taxation 27
Table of Contents Foreword List of Abbreviations vii xvii VAT/GST Model Tax Convention 1 Part One Introduction Chapter 1: Introduction 21 Part Two VAT/GST Double (Non-)Taxation and Possible Remedies Chapter
Responsible tax and international trends in taxation. The impact on BEPS, AEOI, and tax havens
Responsible tax and international trends in taxation The impact on BEPS, AEOI, and tax havens Introduction What do we mean by responsible tax? - Why does it matter? - KPMG Journey Impact on: - BEPS implementation
Proposed ecommerce Tax Second draft of legislative proposals
9 February 2018 For Revenue Department Proposed ecommerce Tax Second draft of legislative proposals The Joint Foreign Chambers of Commerce in Thailand is the umbrella body for most foreign chambers of
EU VAT FORUM WORKING DOCUMENT DOCUMENT ELABORATED BY THE BUSINESS EXPERT GROUP (BEGV): DOING BUSINESS IN PAST AND PRESENT TIMES
EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration Tax administration and fight against tax fraud Brussels, 15.1.2013 EU VAT FORUM WORKING DOCUMENT
RUSSIA S NEW VAT RULES ON CROSS-BORDER E-COMMERCE SERVICES KEY POINTS FOR B2B SERVICE PROVIDERS
RUSSIA S NEW VAT RULES ON CROSS-BORDER E-COMMERCE SERVICES KEY POINTS FOR B2B SERVICE PROVIDERS RUSSIA S NEW VAT RULES ON CROSS-BORDER E-COMMERCE SERVICES KEY POINTS FOR B2B SERVICE PROVIDERS By Ruslan
Digital Economy. Dr. Amar Mehta October Chambers Of Tax Consultant, Mumbai.
Digital Economy Chambers Of Tax Consultant, Mumbai Dr. Amar Mehta October 2018 Categories 1 OECD s BEPS Action 1 Final Report 4 Digital PE: The EU Version 7 Italy 2 OECD s BEPS Interim Report Action 1
Working Paper on VAT issues
EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Brussels, 9 January 2014 TAXUD D1/JT Digit/005/2014 EXPERT GROUP ON TAXATION OF THE DIGITAL ECONOMY Working Paper on VAT issues Meeting
Mr Piet Battiau Head of Consumption Tax Unit Centre for Tax Policy and Administration OECD 2, rue André Pascal Paris Cedex 16 France
Mr Piet Battiau Head of Consumption Tax Unit Centre for Tax Policy and Administration OECD 2, rue André Pascal 75775 Paris Cedex 16 France Brussels, 30 April 2013 Dear Sir, BUSINESSEUROPE plays a crucial
Key Considerations for Expanding Your Subscription Business Internationally
Education Series Key Considerations for Expanding Your Subscription Business Internationally November 18, 2015 Presented by Ben Bowler - Director Product Management, Recurly Alexa Boyce - Senior Manager
SUMMARY OF RESULTS PUBLIC CONSULTATION ON FINANCIAL AND INSURANCE
EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration VAT and other turnover taxes SUMMARY OF RESULTS PUBLIC CONSULTATION ON FINANCIAL AND INSURANCE
E-Commerce: Taxation Without Representation!
University of Leeds From the SelectedWorks of Subhajit Basu Fall November 30, 2007 E-Commerce: Taxation Without Representation! Subhajit Basu, Queen's University Belfast Available at: https://works.bepress.com/subhajitbasu/42/
VAT introduction in the UAE/GCC
VAT introduction in the UAE/GCC Impact on DMCC companies December 2017 Disclaimer: KPMG will not be responsible to any parties for any use of this presentation for any purposes whatsoever, as this is neither
Managing VAT and Sales Tax Challenges for Retailers Expanding Globally
Managing VAT and Sales Tax Challenges for Retailers Expanding Globally The challenges and issues facing retailers 2 May, 2012 Presenters Vertex Global Tax Solutions Alan James, Director Client Solutions
SESSION 6A INDIRECT TAX FOR LARGE SUPER FUNDS. Anthony Versace, Partner Michael McAuliffe, Senior Manager KPMG
SESSION 6A INDIRECT TAX FOR LARGE SUPER FUNDS Anthony Versace, Partner Michael McAuliffe, Senior Manager KPMG Agenda GST developments B2C: Low value imports B2C: GST on intangibles B2B: Cross border supplies,
Welcome to the EFS-seminar. BEPS and transfer pricing, but what about VAT and Customs? Conference Chairman: René van der Paardt
Welcome to the EFS-seminar BEPS and transfer pricing, but what about VAT and Customs? Conference Chairman: René van der Paardt Rotterdam February 3, 2016 Agenda Seminar An update on the transfer pricing
Webcast: VAT Reform Pilot to Expand Nationwide
KPMG TaxWatch Webcast: Taxation in China VAT Reform Pilot to Expand Nationwide Beginning August 1 July 11, 2013 ANY TAX ADVICE IN THIS COMMUNICATION IS NOT INTENDED OR WRITTEN BY KPMG TO BE USED, AND CANNOT
Asia Pacific Tax Weekly KPMG Asia Pacific Tax Centre Content to 14 April 2016
Asia Pacific Tax Weekly KPMG Asia Pacific Tax Centre Content to 14 April 2016 Asia Pacific Tax Developments : Employee share scheme (ESS) reporting changes For FY16, the n Taxation Office (ATO) has changed
The OECD s 3 Major Tax Initiatives
The OECD s 3 Major Tax Initiatives 1. The Global Forum on Transparency and Exchange of Information for Tax Purposes Peer review of ~ 100 countries International standard for transparency and exchange of
Controversy Trends. EMA Tax Summit. London, September 2016
Controversy Trends EMA Tax Summit London, September 2016 Download the app Open a web browser on your mobile and navigate to http://mobile.globaltaxevent.com Use WiFi for better speed. Select either a native
COMMENTS ON OECD GUIDELINES ON PLACE OF TAXATION FOR BUSINESS- TO-CONSUMER SUPPLIES OF SERVICES AND INTANGIBLES
Mr Piet Battiau Head of Consumption Taxes Unit OECD Centre for Tax Policy and Administration E-email: piet.battiau@oecd.org Date 20 February 2015 Dear Piet COMMENTS ON OECD GUIDELINES ON PLACE OF TAXATION
The road towards a definitive European VAT system
The road towards a definitive European VAT system What you need to know about the EU VAT changes in 2019, 2021, 2022 and beyond October 2018 kpmg.ch The biggest reform of the European VAT rules in over
The European Commission Is Attempting a Radical Change to How Digital Transactions Are Taxed Throughout the EU
The European Commission Is Attempting a Radical Change to How Digital Transactions Are Taxed Throughout the EU October 20, 2017 On 21 September 2017, the European Commission issued a fact sheet outlining
European Economic and Social Committee OPINION. European Economic and Social Committee
European Economic and Social Committee ECO/442 VAT reform package (I) OPINION European Economic and Social Committee Communication from the Commission to the European Parliament, the Council and the European
Public Consultation on the Definitive VAT system for Business to Business (B2B) intra-eu transactions on goods.
Contribution ID: f9885e24-630d-46d3-9e3f-c0658d9e11a5 Date: 20/03/2017 11:31:41 Public Consultation on the Definitive VAT system for Business to Business (B2B) intra-eu transactions on goods. Fields marked
The 2013 Benchmark Survey on VAT/GST
KPMG GLOBAL INDIRECT TAX SERVICES The 2013 Benchmark Survey on VAT/GST kpmg.com/indirecttax KPMG INTERNATIONAL 2 The 2013 Benchmark Survey on VAT/GST About our cover A Benchmark: Victoria Falls is a waterfall
Cross-Border Consumption Taxation of Digital Supplies
Cross-Border Consumption Taxation of Digital Supplies Sample excerpt Abstract Consumption taxes such as value added tax (VAT) or goods and services tax (GST) are an important revenue source for several
An Over view of K or ea s V AT system
2010. 10. 21 Agenda. Assessment of Korea s VAT regime. Success factors. Korea s policy direction of VAT regime . Assessment of Korea s VAT regime An overview of Korea s VAT The purpose of introducing VAT
London, 25 September Taxation of the Digital Economy
5 th Floor, 1 Angel Court London EC2R 7HJ United Kingdom + 44 7725 350 259 www.ibfed.org London, 25 September 2018 Taxation of the Digital Economy This paper considers the recent consultation on the taxation
International Tax Europe and Africa November 2016
International Tax Europe and Africa November This e-newsletter gives you an overview of international tax developments being reported globally by member firms in the Europe and Africa regions between 1
da Wolters Kluwer Systems of General Sales Taxation Theory, Policy and Practice Robert F. van Brederode KLUWER LAW INTERNATIONAL Law & Business
KLUWER LAW INTERNATIONAL Systems of General Sales Taxation Theory, Policy and Practice Robert F. van Brederode da Wolters Kluwer Law & Business AUSTIN BOSTON CHICAGO NEW YORK THE NETHERLANDS Preface and
VAT introduction in the UAE/GCC
VAT introduction in the UAE/GCC Impact on DMCC companies December 2017 Disclaimer: KPMG will not be responsible to any parties for any use of this presentation for any purposes whatsoever, as this is neither
Selling goods and services in the digital economy
Selling goods and services in the digital economy James Freed Principal KPMG LLP Chicago, IL jfreed@kpmg.com Andrew Street Global Indirect Tax / VAT Consulting Professional Amazon Inc. Chicago, IL streandr@amazon.com
Value Added Tax and Communications Industry. May 18, 2016
Value Added Tax and Communications Industry May 18, 2016 Notice The following information is not intended to be written advice concerning one or more Federal tax matters subject to the requirements of
Global Transfer Pricing Review
GLOBAL TRANSFER PRICING SERVICES Global Transfer Pricing Review Czech United Republic Kingdom kpmg.com/gtps TAX 2 Global Transfer Pricing Review United Kingdom KPMG observation HMRC supports the Organisation
VAT FRAUD a concern for Tax Administrations but also for Taxpayers
VAT FRAUD a concern for Tax Administrations but also for Taxpayers Donato Raponi European Commission 2014 CESI Conference Brussels, 9-10 October 2014 1 Présentation Powerpoint In this world nothing is
DRAFT MANDATE OF THE COMPLIANCE, INFORMATION AND DOCUMENTATION TAG
DRAFT MANDATE OF THE COMPLIANCE, INFORMATION AND DOCUMENTATION TAG 2001-03 Mandate 1. The primary mandate of the new Compliance Information and Documentation (CID) Technical Advisory Group (TAG) is to
Goods and Services Tax
www.pwc.com.au Goods and Services Tax Inbound Intangibles and Digital Supplies Goods and Services Tax May 2016 Craig Duncan Director PwC Background By way of background, the Government announced on Federal
Do we have the wrong tax system for the digital economy? Alf Capito, Tax Policy Leader, EY Asia Pacific July 2014
Do we have the wrong tax system for the digital economy? Alf Capito, Tax Policy Leader, EY Asia Pacific July 2014 Key features of the digital economy as seen by the OECD taskforce Mobility Reliance on
How can you be more efficient at managing indirect tax?
How can you be more efficient at managing indirect tax? Indirect Tax Process and Technology kpmg.com/indirecttax Contents 2 How do you manage indirect tax in today s challenging environment? 4 Governance
VAT introduction in the UAE/GCC
VAT introduction in the UAE/GCC Roundtable discussion Diamond polishers/ traders/ jewelers July 2017 Disclaimer: KPMG will not be responsible to any parties for any use of this presentation for any purposes
Autumn Budget 2017 Webinar. November 2017
Autumn Budget 2017 Webinar November 2017 Introduction With a difficult backdrop to this year s Budget, the Chancellor of the Exchequer has delivered a political budget with targeted giveaways and consultations
Australian Treasury Discussion Paper on the digital economy and Australia s corporate tax system: A detailed review
4 October 2018 Global Tax Alert Australian Treasury Discussion Paper on the digital economy and Australia s corporate tax system: A detailed review NEW! EY Tax News Update: Global Edition EY s new Tax
Iceland Country Profile
Iceland Country Profile EU Tax Centre June 2017 Key tax factors for efficient cross-border business and investment involving Iceland EU Member State No, however, Iceland is a Member State of the European
Taxation & the Digital Economy
Taxation & the Digital Economy John Muiruri - Partner Muiruri Macharia & Associates Email : jmuiruri@muirurimacharia.com Digital Economy Key Terms BEPS : Base Erosion & Profit Shifting (BEPS) is the result
Transfer Pricing for Africa - roundtable discussion. Transfer Pricing Special Event September 22, 2016
Transfer Pricing for Africa - roundtable discussion Transfer Pricing Special Event September 22, 2016 Download the app Open a web browser on your mobile and navigate to http://mobile.globaltaxevent.com.
2016 National GST Intensive
2016 National GST Intensive Written by: Josephine Drum Senior Technical Specialist Australian Tax Office Presented by: Josephine Drum ATO Suzanne Kneen Director PwC Suzanne Kneen Director PwC National
International Transfer Pricing Framework
Are you ready for transfer pricing? Seminar on November 28th, 2005 Swissotel, Istanbul International Framework Marc Diepstraten, Partner, PwC Amsterdam, +31 20 568 64 76 PwC Agenda Transfer pricing environment
VAT FOR ARTISTS IN AN INTERNATIONAL CONTEXT
Tax Advisers VAT FOR ARTISTS IN AN INTERNATIONAL CONTEXT Dr. Dick Molenaar 2017 Rotterdam, the Netherlands www.allarts.nl VAT FOR ARTISTS IN AN INTERNATIONAL CONTEXT 1. INTRODUCTION Activities of artists
EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax Administration Value Added Tax GFV N O 071
EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax Administration Value Added Tax Group on the future of VAT 21st meeting 12 March 2018 taxud.c.1(2018)1410119
* DRAFT REPORT. EN United in diversity EN. European Parliament 2016/0370(CNS)
European Parliament 2014-2019 Committee on Economic and Monetary Affairs 2016/0370(CNS) 23.5.2017 * DRAFT REPORT on the proposal for a Council directive amending Directive 2006/112/EC and Directive 2009/132/EC
Insurance Premium Tax and the application of technology. Shameera Rebello KPMG in the UK
Insurance Premium Tax and the application of technology Shameera Rebello KPMG in the UK 23 June 2016 Agenda 1 2 3 4 5 The need for change The challenges associated with obtaining reliable rates How KPMG
Expanding the Tax Base in Kenya: A Case for Innovation
Expanding the Tax Base in Kenya: A Case for Innovation Presentation by: Robert Waruiru Associate Director, KPMG Advisory Services Limited CCPA-K September 2017 TABLE OF CONTENTS Introduction Trends in
COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL AND THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE
EUROPEAN COMMISSION Brussels, 4.10.2017 COM(2017) 566 final COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL AND THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE On the follow-up to
Capital Access Index 2006 Gauging Entrepreneurial Access to Capital
Capital Access Index 2006 Gauging Entrepreneurial Access to Capital Max = 10 9.0 Hong Kong 8.5 8.0 7.5 7.0 6.5 6.0 5.5 5.0 4.5 40 Source: Milken Institute United Kingdom U.S. India China Brazil Russia
Sovereign wealth and pension investors navigating the global tax environment
Sovereign wealth and pension investors navigating the global tax environment 2016 KPMG International Sovereign wealth and pension investors navigating the global tax environment 1 Introduction A changing
Alternative method of VAT collection Response by the Chartered Institute of Taxation
Alternative method of VAT collection Response by the Chartered Institute of Taxation 1 Introduction 1.1 The Chartered Institute of Taxation (CIOT) is pleased to set out its comments in relation to the
EU VAT Forum. Consolidated report on Cooperation between Member States and Businesses in the field of e-commerce/modern commerce
EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration Tax administration and fight against tax fraud taxud.c.4(2018) 1507602 12.03.2018 EU VAT Forum
BEPS Beyond Fortune 1000 October Armanino LLP amllp.com Armanino LLP amllp.com
BEPS Beyond Fortune 1000 October 2016 1 Armanino LLP amllp.com Armanino LLP amllp.com 1 BEPS Overview Timeline Pre-2013 - Organization for Economic Cooperation and Development (OECD) concern that existing
Current Issues with Customs in Vietnam. KPMG Vietnam Webinar 27 September :00 am (GMT+7) 11:00 am HKT 1:00 pm AEST
Current Issues with Customs in Vietnam KPMG Vietnam Webinar 27 September 2017 10:00 am (GMT+7) 11:00 am HKT 1:00 pm AEST Current Issues with Customs: Agenda 10:00-10:20 10:20-10:30 Customs Environment
Key Hong Kong Tax Develop ments. 27 February 2017
Key Hong Kong Tax Develop ments 27 February 2017 Agenda A Key Hong Kong Tax Developments 1) Base Erosion and Profit Shifting 2) Corporate Treasury Centre 3) Offshore Private Equity Fund Exemption 4) Comprehensive
Italy s 2018 Finance Bill includes important provisions on the digital economy, cross-border taxation
from International Tax Services Italy s 2018 Finance Bill includes important provisions on the digital economy, cross-border taxation January 18, 2018 In brief Italian Law no. 205 (the 2018 Financial Bill,
b. Proportionality-Proposal imposes a disproportionate administrative burden on operators and/or national administration
D. 3825/11 SF 3.860 Appendix 1 Policy Option Analysis The following paragraphs encapsulate the views of the ECC members in connection with the options for change that appear on the matrix. They represent
Tax incentives for the auto industry
Issue 02 Tax Tax incentives for the auto industry 1. HNTE incentives China is increasingly transforming itself from a manufacturing powerhouse to an innovation centre. Authorities across different levels,
Finland Country Profile
Finland Country Profile EU Tax Centre July 2016 Key tax factors for efficient cross-border business and investment involving Finland EU Member State Double Tax Treaties With: Argentina Armenia Australia
Thinking Beyond Borders
INTERNATIONAL EXECUTIVE SERVICES Thinking Beyond Borders France kpmg.com France Introduction Income tax in France is assessed on a family/household basis. Income tax liability is determined by applying
International Taxation of Income from Cross-Border Services
International Taxation of Income from Cross-Border Services International Taxation Conference Mumbai, India December 2, 2006 Carol A. Dunahoo Baker & McKenzie LLP, Washington, DC Baker & McKenzie International
International Tax - Europe & Africa Newsletter
- Europe & Africa Newsletter This e-newsletter gives you an overview of international tax developments being reported globally by KPMG member firms in the Europe and Africa regions between 1 June and 30
Total Tax Contribution in 2015 A report on the economic contribution made by BBVA Group to public finances
Total Tax Contribution in 2015 Preamble BBVA continues to strengthen its tax responsibility and transparency 2015 has been also a very complex year to manage, also in the tax area, with major regulatory
WORLD SERVICES GROUP
WORLD SERVICES GROUP Latin American Regional Meeting E Commerce Taxation Aspects of Electronic Commerce Description Domestic Tax Implications International Tax Issues Conclusions in solving e-commerce
International Tax - Europe & Africa Newsletter
- Europe & Africa Newsletter This e-newsletter gives you an overview of international tax developments being reported globally by KPMG member firms in the Europe and Africa regions between 1 and 31. Angola
European Commission Green Paper on the Future of VAT Towards a simpler, more robust and efficient VAT system
27 May 2011 European Commission Directorate-General for Taxation and Customs Union VAT and other turnover taxes Unit C1 Rue Joseph II 79, Office J79 05/093 B-1049 Brussels By email: TAXUD-VATgreenpaper@ec.europa.eu
Getting down to business
Getting down to business Thinking beyond regulation and policy 2016 KPMG Global Indirect Tax Forum Indirect tax update Agenda 1 Topic EU VAT update: Consignment Stock Presenter Janine Mueller 2 International
Global Transfer Pricing Review
GLOBAL TRANSFER PRICING SERVICES Global Transfer Pricing Review Hungary kpmg.com/gtps TAX 2 Global Transfer Pricing Review Hungary KPMG observation The tax authorities are paying special attention to transfer
Chapter 2. Fundamental principles of taxation
2. FUNDAMENTAL PRINCIPLES OF TAXATION 29 Chapter 2 Fundamental principles of taxation This chapter discusses the overarching principles of tax policy that have traditionally guided the development of tax
REQUEST FOR INPUT ON WORK REGARDING THE TAX CHALLENGES OF THE DIGITALISED ECONOMY
OECD c/o Mr. David Bradburry 2 Rue André Pascal 75775 Paris France Author Phone Telefax E-Mail Date Pe/JT E 09/17 +49 30 278 76 310 +49 30 278 76 799 trommer@dstv.de 18.10.2071 REQUEST FOR INPUT ON WORK
KPMG Global Tax Webcast EU State Aid Developments. Wednesday 2 November 2016, 9-10am EDT
KPMG Global Tax Webcast EU State Aid Developments Wednesday 2 November 2016, 9-10am EDT Notices The following information is not intended to be written advice concerning one or more Federal tax matters
Hong Kong SAR Tax Profile
o Hong Kong SAR Tax Profile Produced in conjunction with the KPMG Asia Pacific Tax Centre Updated: June 2015 Contents 1 Corporate Income Tax 1 2 Income Tax Treaties for the Avoidance of Double Taxation