Understand how a distribution hub based in the Netherlands can change your supply chain distribution from a cost center into a competitive advantage, and how to approach the indirect tax challenges created by having European based distribution of goods.
International expansion presents a host of new challenges for a growing business, determining what the Value Added Tax (VAT) implications are of operating internationally can be both daunting and time consuming.
In this week's Global Glance we look at how Netflix’s world domination is almost complete, VW’s mounting legal troubles and the latest Big Mac index.
Effective January 1, 2016, Belgium began following the provisions laid down in the EU Accounting Directive. As a result, the Belgium Company Code has been amended to redefine a small company and micro company.
The ad hoc development of e-commerce policies for value-added taxes (“VAT”) has resulted in a hodgepodge of inconsistent tax regulations that vary widely by country. Recognizing the growing importance of e-commerce, the confusion resulting from current systems, and the magnitude of frequently forgone VAT revenue, many countries as well as the Organization for Economic Cooperation and Development (“OECD”) have set out to clarify, systematize and coordinate VAT regulations. These changes, many of which have been or are being implemented in 2015, have significant implications for businesses with e-commerce operations. Understanding and complying with these VAT laws is important to success in international e-commerce.
At the end of August, the UAE’s Ministry of Finance released an official statement on progress regarding the introduction of corporate tax and value added tax (VAT). The statement confirms that the UAEis committed to launching direct and indirect tax regimes.
The Australian Tax Office has announced that GST will be chargeable on purchases from foreign websites. Initial estimates place the potential value of such a move at AUS$1 billion.
In this week's Global Glance we look at a Spanish case that may force a company to bottle Coke against its will, cracking down on illicit financial flows from Africa, and a travel jacket company that received $9 million in Kickstarter Funding.
In this week's Global Glance, we look at observations from the author of "China Rich Girlfriend," Canadian expats’ right to vote and whether we should care, and the Greek debt crisis.
Effective January 1, 2015, France now permits an optional value-added tax (“VAT”) reverse charge procedure. The announcement follows the successful implementation of the procedure in the Netherlands and Belgium, both of which have enjoyed greater levels of trade.