Search Results for: VAT
Taiwan’s VAT on foreign online sellers’ supplies to Taiwanese consumers becomes Law
January 3rd, 2017
On December 28, Taiwan’s President Tsai Ing-wen signed into law the amendment to the Value-Added and Non-Value-Added Business Tax Act to impose tax on foreign online sellers’ supplies to Taiwanese consumers. The amendment is intended to raise additional revenues ...
Financial watchdog to closely monitor accounting of derivative products
December 23rd, 2016
South Korea’s financial watchdog said Friday it will pay special heed to malpractices by companies here in their accounting of derivative products and others. It’s one of four “key issues” to be closely monitored by the Financial Supervisory Service ...
Singaporean court convicts private banker in 1MDB money laundering case
December 16th, 2016
Yvonne Seah Yew Foong, a former BSI SA private banker, became the second person to be convicted in Singapore’s probe into alleged money laundering linked to 1Malaysia Development Bhd. Judge Salina Ishak found Seah guilty of three charges in ...
Taxation roles and other VAT-related positions are currently seeing very huge demand in UAE
December 12th, 2016
With the forthcoming implementation of value-added tax (VAT) in the UAE and across the region, companies are going to face a huge talent crunch next year, according to recruitment specialists. Businesses in the UAE are gearing up for the ...
Foreign Exchange and OTC Derivatives Market Turnover in Italy
November 28th, 2016
In April 2016 the Bank of Italy conducted the customary triennial survey of the volume of foreign exchange and OTC derivatives market transactions carried out by the major resident banks. The survey was performed by 52 central banks and ...
Fraud involving VAT on goods costs EU tax payers an estimated €50 billion a year
November 25th, 2016
VAT reform: how MEPs intend to tackle the €50 billion a year fraud Fraud involving VAT on goods exported to other member states costs EU tax payers an estimated €50 billion a year. The European Commission has come up ...
ACCA-Grant Thornton: Auditors need to adapt and constantly innovate
November 24th, 2016
There are challenges ahead and the profession has a choice of embracing them or being left behind – were the main conclusions of a joint ACCA-Grant Thornton conference recently held in Brussels In today’s world, everything is in constant ...
EU VAT Rates Stabilizing, Ending Upward Trend
November 17th, 2016
Just one EU member state has increased its headline VAT rate since 2014, indicating that states are no longer looking to VAT to fund other growth-friendly reforms, as had been seen in previous years. The EU said in its ...
Korea Exchange Launches Blockchain-Powered Private Market
November 17th, 2016
The Korea Exchange (KRX), South Korea’s sole securities exchange operator, has launched a new service in which equity shares of startup companies can be traded on the open market. Called the Korea Startup Market (KSM), the service is being provided in partnership ...
Malta To Push EU VAT Reform As EU President
November 9th, 2016
Malta will take forward the EU’s proposals on VAT reform when it assumes the Presidency of the Council of the EU in January 2017, the territory’s Minister of Finance, Edward Scicluna, told a recent conference. Under the EU’s VAT ...
