Mandatory Pre-Completed VAT Returns Starting January 2024 in Kenya
Type: Legislation Kenya’s Revenue Authority mandates pre-filled VAT returns starting January 2024, utilizing transaction data from the TIMS e-invoicing platform. The move aims to enhance taxpayer experience and streamline the […]
Ireland’s VAT Digitalization Consultation
Type: Legislation Ireland’s Finance Minister announced a pivotal public consultation to modernize the VAT Invoicing and Reporting System, aligned with the 2024 Irish Budget. The Revenue Commissioners will lead the […]
Belgian E-Invoicing Delayed Amidst Tax Reform Crisis
Type: Legislation Belgium’s tax reform efforts, including a nationwide e-invoicing proposal for July 2024, are hampered by legislative deadlock. Due to the political impasse, no new reforms can be enacted […]
New Electronic Invoicing System Implementation in the Dominican Republic
Type: Legislation The Dominican Republic has recently approved a significant development in tax regulations. On 16th May 2023, the country announced the enforcement of an electronic invoicing law, requiring all […]
What does Internal Revenue Code (IRC) Section 1202 mean for business owners in the context of acquisitions?
Section 1202 provides notable tax benefits for individuals and entities that are not classified as corporations. These benefits extend to various parties, such as founders, investors, and private equity groups. […]
Pillar Two: Implications for harmful tax competition and profit shifting
![In the evolving tax landscape shaped by globalization and digitalization, it is crucial to comprehend the implications of Pillar Two on aggressive tax planning and harmful tax competition. Building on our previous article examining the neutralization of IP-based harmful tax practices through BEPS Action 5, we now delve into the effective measures introduced by Pillar Two to combat such practices. Join us as we analyze the implementation of Pillar Two and its impact on addressing harmful tax practices. Read the full analysis here [insert link]. #GlobalTaxation #PillarTwo #TaxCompliance #BEPS #TaxPractices](https://tpa.badgedealers.com/wp-content/uploads/2023/05/Frame-80-1-1280x1153.png)
Globalization and digitalization have changed the picture of today’s international tax system. MNEs fragment production and spread economic activities across several countries. The relevant implication of such business models for […]
