Summary 205 posts
The EKAER system to be introduced from 1 January 2015 causes a lot of headaches for warehouse, logistics and purchasing staff. The stakes are high! The default fine may be as high as 40 percent.
Read moreNews hot of the press – the Hungarian government plans to introduce threshold of 2 M HUF or 2500 kgs to be reportable into the EKAER (Road Trade Control System) from 1 January 2015.
Read moreThe UK Government has released details of proposed rules on diversion of profits from the UK, thus firing a warning shot at large multinational businesses that they consider are not paying their fair share of UK corporate taxes.
Read moreIn my last two posts, I presented the actions of BEPS which were published by OECD in September and which are considered final. In the coming weeks, I will move on to the reports that were intended as transitional.
Read moreThe importance of the action The OECD BEPS study concludes that \"the digital economy is increasingly becoming the economy itself”, therefore it is of utmost importance that we face those new challenges that arise as a result of this process. It is sufficient to think of e-commerce, financial transactions or online training, but according to the study we do not have to wait long for e-health services (remote health services) to become widespread. To highlight the importance of the issue, it is sufficient to note that the size of total worldwide e-commerce was estimated to amount to USD 16 trillion (!) in 2013.
Read moreIn this post, I will examine Action 15, which analyses the feasibility of a multilateral “instrument” aimed at the modification of bilateral double tax treaties, which will mostly likely take the form of an agreement.
Read moreOECD recently published its status report on the progress of the 15 actions laid down in its earlier Base Erosion and Profit Shifting (BEPS) document.
Read moreThe Cross-Border Ruling (CBR) system intended to support preliminary decision making launched in June 2013 as a test case for 18-months under the framework of the EU VAT Forum was evaluated after one year.
Read moreAt its meeting held in Tokyo, Japan on 17-18 April 2014 and attended by the representatives of more than 100 countries and international organisations, the Organization for Economic Coordination and Development (OECD) discussed and approved the Guidelines on certain issues of the VAT treatment of international transactions.
Read moreTaxpayers will be able to meet registration, tax return filing and tax payment obligations efficiently through the One Stop Shop VAT system selectable from 2015 in which the relevant obligations can be fulfilled through one registration, filing only one tax return per period and making only one transfer.
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