VATupdate

OECD: Technology to support exchange of tax information

OECD announced the release of IT-formats and guidance to support the technical implementation of the OECD “Treaty Relief and Compliance Enhancement” (TRACE) initiative, as well as to facilitate the broader use of the OECD common transmission system...

Legal Services-Taxability under GST

After the implementation of the GST Law, there is no change in the taxation of legal services. This article explains the provisions regarding taxability on legal services in a simple manner.
Source: taxmann.com

Dividends are not subject to GST

GST is chargeable on goods and services supplied in Singapore by GST-registered businesses. Dividends paid in cash, whether paid by local or foreign companies, are not subject to GST because there are no goods or services provided.
Source: gov.sg

Upgrading to SAP S/4 HANA: The evolving role of the tax function in large multinationals

S/4 HANA has long-been touted as an innovative business suite that could act as a catalyst for customers undergoing digital transformation. Martin Krivinskas and Jan de Clercq of Deloitte outline how and why the developments should be embraced by...

Repeal of tax-free importation goods

The government of Norway has announced changes to the assessment of VAT and customs duties/taxes/fees on low value goods imported into the country.
Source: taxbackinternational.com

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