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An overview of the indirect tax rules in Benin

An overview of the indirect tax rules in Portugal

An overview of the indirect tax rules in Brazil

Pillar 1 sets up a framework for signatories to tax online sales for multinationals while Pillar 2 holds those countries to impose a minimum 15% tax on corporations.

Businesses are seeing rising challenges, and finance heads are dealing with a range of new measures. To say the next 12 months are critical for businesses is an understatement.

In this article, we’ve summarised key elements of the global tax reform proposals, their potential impact on technology industry and advice from our digital tax specialists on what technology companies can do to prepare.

Tax developments are occurring at a time when the China tax authority has enhanced its capability to analyse ‘big data’ and in turn is targeting companies and even industries for tax audits where taxation is not compliantly managed.

On 1 July 2021, the OECD/G20 issued a statement on international tax reform proposals and provided additional details following the G7 broad agreement that was reached at the beginning of June.

G7 Finance Ministers back Organisation for Economic Co-operation and Development (OECD) work in the area of attribution of taxable profits to market jurisdictions (Pillar One) and a new global minimum tax (Pillar Two).

Drawing on input from the OECD and Grant Thornton experts, here are our key tips for navigating through the upheaval.

While the automotive industry is expected to partially recover in 2021, the levels of uncertainty surrounding demand and investment will remain difficult to successfully predict.

On 18 May 2020, the General Department of Taxation issued Official Letter to clarify the personal income tax (PIT) policy for the costs of obtaining temporary residence cards and visas for employees.

For Chinese employees working in China and elsewhere, new developments not initially accompanied by an official notice from the China tax authorities raises questions and challenges.

New European Union (EU) Mandatory Disclosure rules (DAC 6) aims to implement procedural compliance requirements for intermediaries and taxpayers to disclose 'potentially aggressive tax planning arrangements' by intermediaries or taxpayers to the relevant tax authority.

Even as restrictions are gradually eased, there continues to be considerable uncertainty over the risks, circumstances and comparables used to determine arm’s length transfer prices.

While tax filings and payments may already be front of mind, other international tax areas require consideration.