The power of industry experience is perspective - perspective we bring to help you best leverage your own capabilities and resources.
The introduction of corporate tax in the UAE, which applies for financial years starting on or after 1 June 2023, marks a significant milestone in the country's fiscal landscape (for prior coverage, see the article in the May 2023 issue of Corporate Tax News).
The OECD on July 12 released a progress report on its two-pillar tax reform program. The outcome statement, approved by 138 members of the 143 members of the Inclusive Framework on Base Erosion and Profit Shifting at its July 10-12 meeting, states that the group has delivered the text of a...
A round-up of recent indirect tax developments around the world.
Spain’s Minister of Finance issued draft regulations on 15 June 2023 (to be issued via a Royal Decree) that would provide guidance on how the new e-invoicing requirements in B2B transactions will operate (for prior coverage, see the article in the January 2022 issue of Indirect Tax News).
On 17 May 2023, the European Commission put forward proposals for a comprehensive reform of the EU Customs Code. The proposals include the establishment of a new EU Customs Authority to oversee an EU Customs Data Hub (which would allow importers into the EU to record relevant data on their...
The EU regulation on the Carbon Border Adjustment Mechanism (CBAM) was signed by the co-legislators on 10 May 2023 and entered into force on 17 May, the day following publication in the EU official journal (for prior coverage, see the article in the April issue of Indirect Tax News).
There has been a marked increase in sales tax audit activity of remote sellers and marketplace facilitators in the years following the U.S. Supreme Court’s landmark decision in the Wayfair case.
The German tax authorities published a proposal in April 2023 that would introduce mandatory e-invoicing requirements for German-established companies engaging in B2B supplies as from 1 January 2025.
Aruba intends to introduce a turnover tax on imports as from 1 June 2023. However, as no legislation has been published to date, it is uncertain whether the target date will be met.