Taxation

What is VAT MOSS?

By Alan Rajah, Lawrence Grant, Chartered Accountants

Effective 1 January 2015, if your business sells digital services (broadcasting telecommunications & e-services) to EU consumers, you have to account for local VAT based on the rules of the jurisdiction where the customer used the service.

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Taxation

VAT in Brief – Imports UK

By Steve McCrindle, Haines Watts

When goods are imported into the UK VAT becomes due (at 20%, 5% or 0%). The following local B2B sale is subject to UK VAT at the applicable rate, and an intra-community sale or export is zerorated. Importers have to provide a Guarantee in favour of HM Revenue & Customs, but this can be dispensed with in certain circumstances.

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Taxation

GST and its implication for the Indian economy

By Aditya Kumar, Ashwani & Associates

The current indirect tax structure is the major impediment to India’s economic growth and competitiveness. Tax barriers in the form of CST, entry tax, and restricted input tax credit (credit) have fragmented the Indian market. Cascading effects of taxes on cost make indigenous manufacture less attractive. Complex multiple taxes also increase the cost of compliance.

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Taxation

Value-added tax on imported services (Part 1)

By Helen E. Ijewere, Saffron Professional Services

Value-added Tax (VAT) is charged at 5% and is payable on the supply of all goods and services that are consumed within, and enter Nigeria, other than those goods and services listed as exempt in the First Schedule to the VAT Act.

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Taxation

U.S. State Taxation: Is the Repeal of Quill’s Physical Presence Principle Unavoidable?

By Pablo Garciga, Funaro & Co. PC

A major paradigm shift is on the horizon in determining sales tax nexus in the USA. Historically, physical presence has been required before a state has been permitted to impose its sales and use tax on transactions of out-of-state vendors. In an era when many states are insolvent, they have devised ways around this principle; the most recent of which is a direct attack opposing it.

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Taxation

VAT representation in Switzerland

By Marc Nideröst, LL.M., Treuhand- und Revisionsgesellschaft Mattig-Suter und Partner

VAT payers domiciled outside of Switzerland have to furnish a security according to the VAT liability of one year. In addition, they have to appoint a VAT representative domiciled in Switzerland.

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GGI Geneva Group
International AG

Schaffhauserstrasse 550
P.O. Box 286
8052 Zurich
Switzerland

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