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The following indirect tax developments on sales tax on Low-Value Goods (LVG) and re-introduction of Special Voluntary Disclosure Program (SVDP) will be of interest to taxpayers in Malaysia:
The Malaysian government first introduced a Special Voluntary Disclosure Programme (SVDP 1.0) in the 2019 Budget, under which businesses and individuals were given an opportunity to voluntarily disclose any unreported income and settle the tax arrears with the Inland Revenue Board of Malaysia...
The Zimbabwe government recently announced changes to the VAT and customs rules
The eighth edition of our Global Risk Landscape Report is based on a survey of 500 C-suite executives across Europe, MEA, APAC and the Americas. The focus of this years report is the 'risk multiplier effect' - how different risks intersect and amplify one another. Consequently, business leaders...
A single-use plastic tax (Single-Use Plastics Fund Act or "EWKFondsG") was enacted in Germany on 11 May 2023 and will apply as from 1 January 2024 (although the first payments of the special levy will not be due until 2025).
Relief measures have been proposed to mitigate the Japanese Consumption Tax (JCT) burden on small and medium-sized entities (SMEs) that currently are tax-exempt businesses for JCT purposes but that register under the new qualified invoicing system scheduled to become effective on 1 October 2023...
The Czech government announced a recovery package in May 2023 that would substantially amend various provisions of the tax law as from 1 January 2024. Changes are proposed to the corporate and personal income tax, social security, real estate tax, VAT and excise duties.
The Dutch Supreme Court recently issued a decision that clarifies the obligations relating to the application of the VAT reverse charge mechanism. Specifically, the court has ruled that the customer’s identity must be known in order to apply the reverse charge.
The 43rd issue of BDO’s Transfer Pricing Newsletter focuses on international developments as well as recent developments in Canada, United Kingdom, South Africa and many more.