In September 2018, Indian authorities ruled that a certain local supplier was providing marketing, sales-promotion and post-sales support services that could not be considered passive marketing activities. Many corporate groups doing business in India will need to reevaluate their indirect tax positions in light of the recent ruling.
The global economy is evolving quickly, and tech and other startups are looking beyond traditional expansion targets like the UK and China. Popular targets now include relatively low cost, talent-rich countries like Israel, Ireland, the Czech Republic and Poland, which recently joined the ranks of FTSE Russell advanced economies, the first country to do so in nearly ten years. Throughout this evolution, many of the basic concepts of international expansion continue to hold true. As enforcement by tax and immigration authorities everywhere tightens, it’s more important than ever for companies considering expansion to understand these concepts so they know the right questions to ask, regardless of target country.
Poland has experienced a remarkable economic boom in recent years and in September was promoted to Developed market status by FTSE Russell. Vistra’s Kenny Morgan explains why Poland is such a hot expansion target for multinationals and explores some of the opportunities and challenges it presents.