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Portugal's government is considering imposing a tax on cryptocurrency.
Profits from bitcoin trading are currently not taxed in the country unless they are generated from professional or business operations....
Oct 18, 20221 min read
Taxpayers have varied feelings about international crypto rules.
Coinbase and Ripple said that global crypto legislation can alleviate compliance concerns, but three service providers are concerned...
Oct 18, 20226 min read
Brazil's rising interest rates expose foreign-facing companies
Transfer pricing specialists warn that Brazil's interest rates, which have increased for 12 consecutive months, may limit local firms'...
Oct 14, 20225 min read
Experts claim that businesses are at risk of pillar one double taxation.
Digital services taxes have been implemented internationally, but pillar one seeks to replace them. However, companies worry that tax...
Oct 14, 20225 min read
South Africa's electronic services, overseas suppliers, and VAT
Contrary to popular belief, overseas providers of electronic services in South Africa are nevertheless required to register for VAT, even...
Oct 13, 20226 min read
UN tax power play endangers OECD supremacy
According to sources, the UN has gained attention for its backing of a treaty to combat tax dodging that draws on prior multilateral...
Oct 11, 20224 min read
The EU sets the agenda for COP27 as Ecofin widens the EU blacklist
Three more nations have been added to the EU's tax blacklist, the corporate tax gap in Canada has grown, and Shell's CEO has warned of a...
Oct 10, 20222 min read
AA study: Audit fees increased in 2021
According to the most recent annual report, total audit fees climbed in fiscal year 2021 as the number of Securities and Exchange...
Oct 6, 20222 min read
Businesses in EU countries wary of tax data overreach
Tax leaders are worried that as tax authorities gather ever-increasing volumes of data from firms, the EU's drive toward digitalization...
Oct 6, 20225 min read
Implications on UK IR35 repeals for the tax industry
Sources claim that since the UK's off-payroll tax restrictions IR35 were repealed, companies must now recoup the expenses of purchasing...
Oct 4, 20224 min read
EU worries over the pillar two vote
This week in Parliament, European Commissioner for the Economy Paolo Gentiloni provided more details on tax reform, including strategies...
Oct 3, 20222 min read
Council approves the EU-wide energy levy without unanimous consent
At a special Council meeting on September 30, energy ministers reached an agreement on measures, including a windfall tax on fossil fuel...
Oct 3, 20223 min read
Global TP Forum Europe: Tax authorities want pillar one to be "streamlined."
At an ITR event, Tricentis and Boehringer Ingelheim, along with a European Commission TP specialist, criticised the complexity and scope...
Sep 30, 20223 min read
The gig economy would be subject to GST in New Zealand.
According to recent plans, gig economy businesses in New Zealand would be required to fully account for and take responsibility for the...
Sep 29, 20225 min read
Mismatches in global TP audits were brought to light at the Managing Tax Disputes Summit.
Speakers at the Managing Tax Disputes Summit said that even with good documentation, taxpayers can still face long TP audits. Experts at...
Sep 29, 20222 min read
The safe harbour provided by Pillar One falls short of industry expectations
Sources say they are dissatisfied with the marketing and distribution safe harbor's pillar one safeguards, despite the fact that it was...
Sep 28, 20225 min read
EU legislators attempt to stop unanimity tax voting
As long as unanimity requirements remain in place, the European Council will not be able to approve a directive on pillar two, political...
Sep 27, 20225 min read
MNEs are under pressure as the BoE raises interest rates
Tax authorities have cautioned that the most recent hikes in UK interest rates might further harm MNEs, who are already having...
Sep 23, 20225 min read
Firms give high-risk countries priority for VAT registrations
Companies that provide digital services are becoming more picky about which nations they register for VAT in, basing their decisions on...
Sep 22, 20225 min read
IFA 2022: Leading nations in taxation are willing to embrace pillar two
During the IFA Congress, international tax leaders and departing OECD chief Pascal Saint-Amans pledged to work harder to implement pillar...
Sep 19, 20222 min read
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