Tags » Tax Knowledge

A.I. Upcoming webcast: Machine learning and artificial intelligence for indirect tax

The easy availability of vast amounts of transactional data that follow rules makes indirect tax a great candidate for machine learning. We show you how to use artificial intelligence to improve quality and validate your VAT data – and someday maybe even take care of tax determination for you. 22 more words

Tax Knowledge

Bahrain - one step closer to the introduction of VAT as from 1 of January 2019

Based on media news available in Arabic media, the Bahrain House of Representatives has voted in favour of  the VAT Law last week.

The news also confirmed that the VAT will be effective on 1 January 2019.  31 more words

Tax Knowledge

EU - Council agrees short-term VAT fixes as from 1 of January 2020

Please find attached a press release as published last week by the European Council. This concerns so called “Quick Fixes” aimed to be implemented as per 1 January 2020 (and as an interim step towards a definitive EU VAT system). 328 more words

Tax Knowledge

India - tax at source of electronic services at 1% as of 1 of October

The e-commerce space in India has always been subjected to scrutiny and litigation from an indirect tax perspective. With a view to monitor transactions done through e-commerce operators, the GST regulations have vested e-commerce players with additional compliance burden. 414 more words

Tax Knowledge

SINGAPORE: Customer accounting for prescribed goods

From 1 January 2019, customer accounting is applicable to a relevant supply of prescribed goods exceeding $10,000 made by a GST-registered supplier to a GST-registered customer. 188 more words

Tax Knowledge

UAE: VAT Guide on Designated Zones - VAT Guide (VATGDZ1)

In brief

On 29 July 2018, the Federal Tax Authority (“FTA”) published a VAT Guide on Designated Zones – VAT Guide (VATGDZ1).

Guidance is provided on the specific characteristics of a Free Zone and how it can qualify as a Designated Zone for VAT purposes. 1,811 more words

Tax Knowledge

Poland: Obligatory registration and product fee payment in Poland: Waste Act

If you do business in Poland you might be obliged to register in freshly established Waste Database due to recent legislative changes in Poland.

Registration obligation… 385 more words

Tax Knowledge