Category: E-commerce
Since 2015, the OECD and governments around the world have moved to tighten up the taxation of e-commerce.
There were 15 BEPS action plans. Currently the most important BEPS measures include:
- Wayfair sales tax case in the US
- EU VAT directives
- Moves towards collecting taxes at source from online platforms
- Digital service taxes in some countries on top of income tax and VAT.GST/sales tax
- Pillar 2: 15% corporate income tax rate
- MLI: Multilateral Instrument – really a super tax treaty that has rapidly updated around 2,000 bilateral tax treaties. Briefly, intercompany finance, warehousing and agency arrangements may be affected in various countries.
- Amount B: Acceptable taxable profit margins for import subsidiary companies at a click.
- And plenty more.
These are complex areas which came make the difference between multiple taxation or reduced taxation. Proper international tax advice is vital. We can help arrange this
EU VAT Applies To Software As A Service (SAAS)
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OECD Simplifies Tax Rules For International Distributors
The OECD has issued rules to help distributors fix a standard taxable profit margin in around 145 countries….
E-Commerce Tax Challenges Ahead
Governments are starting to tax the cloud. What should e-commerce operators plan for?