The Indian Finance Minister presented Budget 2021 resting on 6 pillars with focus on providing impetus to Infrastructure, Manufacturing, Financial Sector and generation of Employment. On the tax proposals, the proposals convey a holistic approach to accelerate India’s revival and growth. Please find below summarised points of interest:
Many territories are introducing low value goods rules which, depending on whether the seller is an underlying supplier, an electronic marketplace, a re-deliverer, or a combination of these will impact businesses selling goods cross borders.
I hope that despite the corona crisis, things are going well for you and your loved ones. I am posting this message to invite you to our webcast series Indirect Tax Technology: The Power of Digitalisation
Recently, the National Anti-Profiteering Authority (NAA) held a multiplex owner guilty of profiteering under section 171 of the Central Goods and Service Tax Act, 2017 (CGST Act). The NAA has upheld the allegations of the Directorate General of Anti-profiteering (DGAP) that post reduction in the rate of GST from 28% to 18%, the taxpayer had increased the base price while maintaining the same selling price for the services rendered.
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This Indirect Tax Guidance of 21 Countries in the Americas shows the new updates and reforms from the following countries:
I would like to invite you to our next webinar “PwC webinar – “Sourcing and manufacturing without side effects!” which will be held on 31 March 2020 from 3:00 pm to 4:00 pm and on 1 April 2020 from 9.00 am to 10.00 am.
In the Middle East a number of countries have announced financial and fiscal measures (budget spend reductions announced in Bahrain and KSA and fiscal stimulus policies in UAE and Qatar). In addition, please see below some tax measures introduced:
As part of the Government of India’s (GoI) efforts to promote manufacturing and other operations in India, the Central Board of Indirect Taxes and Customs (CBIC) has revamped the scheme for manufacturing and processing in a bonded facility. The revised initiative underscores the GoI’s ongoing commitment to improve India’s ranking on the Ease of Doing Business index.
eBay is looking for support, please see below:
eBay is a global commerce leader that allows you to shape how the world buys, sells, and gives. You’ll be part of a work culture that’s been genuinely committed to diversity and inclusion since its founding more than 20 years ago. Here, you can just be yourself, do your best work, and have a meaningful impact on people across the globe. We are looking for people with drive, ideas, and a passion for helping small businesses succeed to help shape the future of eBay—does this sound like you? If so, we’d love to talk to you!
I am delighted to invite you to the next in the series of global webcasts on “Middle East VAT Challenges in the New Decade for non-residents providing inbound professional, e-commerce and digital services” on Monday 10 February 2020.