Subject: 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
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