Search results for

The European Parliament has backed the European Commission’s (EC’s) VAT action plan to tackle the annual cross-border VAT fraud of €50 billion ($53 billion) and harmonise VAT rules across the EU member states.

Only a few days remain to join a panel of transfer pricing experts on December 8, as they share invaluable insights and takeaways on how to manage the challenges arising from BEPS Action 13.

Amendments to Mexico’s VAT Law will significantly increase the costs for business taxpayers. Cesar De La Parra and Ignacio Mosquera explain the changes.

Taiwan’s geographic location in the heart of the Asia-Pacific region, together with its low corporate income tax rate of 17%, makes it an ideal place for multinational enterprises to establish their headquarters in the region. Stephen Hsu, Hazel Chen and Betty Lee highlight Taiwan’s key developments over the past year.

For China’s customs reform, 2016 has been an important year with quite a few new pieces of customs regulation and guidance having been issued. Eric Zhou, Helen Han, Dong Cheng, Philip Xia and Melsson Yang highlight the changes.

In 2016, Hong Kong has continued to work towards the future with enhanced tax benefits for offshore funds and corporate treasury centres by releasing a raft of guidance and clarifications. Meanwhile, the BEPS movement continues to gain momentum in Hong Kong, while the territory continues to expand its treaty network. Ayesha Lau, Darren Bowdern, Michael Olesnicky and Curtis Ng discuss Hong Kong’s changes.

Providers of free e-services may face EU VAT liabilities if they obtain data from the user in return. Even though such an approach has not (yet) found its way into VAT law, Hans-Martin Grambeck explains how it can be derived from developments in other areas of EU law.

China has been busy refining its tax system and strengthening its tax policies over the past year, laying the foundations to advance fiscal policies.

Enhanced use of tax technology by the Chinese tax authorities, more sophisticated targeting of taxpayers, and heightened engagement between China and overseas tax authorities are the focus of this article by Tracy Zhang, Marianne Dong, David Ling and Karmen Yeung.

China's Year of the Monkey will soon give way to the Year of the Rooster, which will see the closing of another economically and fiscally progressive chapter in China's ongoing development.