Transportation package concerns companies taking part in certain transactions and providing specific services. Continue reading
The European Case Law Identifier (ECLI) is a human readable and computer processable code that can – in principle – be assigned to every judicial decision from every national or European court. Its aim is to facilitate unequivocal citation of judgments and to improve cross-border accessibility of case law. Continue reading
The amended VAT law for the supply of e-services from overseas has been effective since July 1st, 2015. Foreign service providers shall apply for the simplified business registration by July 20th, 2015. The Korean tax authorities (National Tax Service (“NTS”) open the website for the application of simplified business registration.
You can reach out to the website via the LINK.
Please find below link to the CFE European Tax Report and European Professional Law Report May 2015. Read about the exciting developments within EU especially of interest to the indirect tax world following:
Korea joins the group of countries which require non-established companies to register and account for on their B2C sales of electronic service into South Korea. The VAT law has recently been amended to apply VAT to the supplies of electronic services (e.g. applications, games, music, films, electronic documents, software, etc.) purchased from non-resident service providers (i.e. offshore app developers or through offshore open markets app stores). Continue reading
I recommend our next webcast focusing on Indirect Tax Policy in a Global Economy. Continue reading
IRS (internal revenue service), the US tax authority, published this year (March 25, 2014) a clear guidance (Notice 2014-21) on how the tax principles apply to transactions involving bitcoins and other crypto currencies. It is not a new law but just an interpretation of how the existing law should be applied to the new technology. It describes how Bitcoin and other crypto currencies transactions should be taxed. Continue reading