Chris Walsh looks at the planned expansion of VAT in China, the long-awaited simplification to India’s indirect tax regime, the expected implementation of the new GST system in Malaysia, and developments in the Middle East
Virtually every year over the last decade has seen increases in VAT Goods and Services Tax (GST) and Sales Tax regulatory activity around the world peaking in 2010 with more than 10 000 changes in rates rules and taxability applications. When you add into the mix case law developments changes to other indirect tax types and amended policy approaches it is easy to see why we refer to today’s indirect tax environment as being a hyper-regulatory situation.
However the bulk of those changes have originated from the United States’ 7 500 federal state and local taxing jurisdictions and Brazil’s additional 5 500 jurisdictions ...
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Chris Walsh looks at the planned expansion of VAT in China, the long-awaited simplification to India’s indirect tax regime, the expected implementation of the new GST system in Malaysia, and developments in the Middle East
Virtually every year over the last decade has seen increases in VAT Goods and Services Tax (GST) and Sales Tax regulatory activity around the world peaking in 2010 with more than 10 000 changes in rates rules and taxability applications. When you add into the mix case law developments changes to other indirect tax types and amended policy approaches it is easy to see why we refer to today’s indirect tax environment as being a hyper-regulatory situation.
However the bulk of those changes have originated from the United States’ 7 500 federal state and local taxing jurisdictions and Brazil’s additional 5 500 jurisdictions ...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
