Tax Authorities have made clear that there is no time to lose in the implementation of their ambitious electronic transformation plan. Continue reading
Considering the preparedness of the Industry, the GST Council has relaxed the return filing timelines for the first two months after the introduction of GST. The GST Council also finalised five sets of rules (except e-way bills) and the rate of tax on lottery, in addition to amending the rate of tax for the hospitality industry. Continue reading
China managed VAT by invoice, therefore VAT invoice management is a key point, and the Chinese tax authorities have been using information technology on VAT collection and management. Continue reading
What will change?
On 12 May 2017 Polish Ministry of Development and Finance presented a draft amendment to the VAT Act which main purpose is to ensure greater stability of VAT incomes as well as preventing tax avoidance. To achieve these goals, it is decided to introduce a split payment mechanism within VAT taxation. Continue reading
At its sixteenth meeting, the GST Council decided to reduce the tax rates on 66 items out of the 133 items for which it had received representations. Continue reading
Robotic Process Automation (RPA) continues to evolve with new emerging trends and greater impact to the tax function and its processes. RPA can have a significant impact on a Tax organization as a result of its ability to reduce cost and re-direct focus on activities that create value and job satisfaction.
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