The EU Mandatory Disclosure Directive (DAC6) requires taxpayers, advisors and intermediaries to release details of “potentially aggressive” cross-border tax planning arrangements. A number of non-EU jurisdictions could eventually bring in comparable reporting requirements in line with the BEPS accords.
Grant Thornton experts outlined the latest developments in indirect taxation, their implications and how to stay on top of compliance without putting impossible strains on your business.
We explore the political reaction to the rules, current views on implementation timelines, some complexities we see in applying these rules practically, and what businesses can do now to get ready for the introduction of Pillar 2.
The world of indirect tax regime is fast changing with countries adopting new and more sophisticated measures and increasing use of technology to track business transactions.
The special tax regime is applicable to employment income, self-employment income and personal business income produced in Italy
VAT and GST are growing in complexity and application, as the traditional goods and services model is replaced with digital content; virtual consumption and seamless international trade flows.
The OECD released the highly anticipated Pillar Two Model rules to provide a framework for implementing a 15% minimum tax referred to as the Global anti-Base Erosion or GloBE tax.
An overview of the indirect tax rules in Dutch Caribbean (Aruba)
