Michaela Merz


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Mexico Tax Reform 2020


Mexico approves significant tax reform

In brief
Mexico’s Congress approved modifications to the following laws on October 30: The Income Tax Law (MITL), the Value Added Tax Law (VATL), the Excise Tax Law (IEPS) and the Federal License Law (LFD), and the Federal Fiscal Code (FFC) (together, ‘the 2020 Mexican Tax Reform’). Enactment of the 2020 Mexican Tax Reform will occur on its date of publication in the Official Federal Gazette. The 2020 Mexican Tax Reform will enter into effect January 1, 2020, unless an article expressly states a different effective date. Continue reading


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JAPAN: Increase of the consumption tax rate as from 1 of October 2019


On October 1, 2019, the Japanese consumption tax (JCT) rate will be raised from 8% to 10%. Taxable sales and taxable purchases conducted on or after that date are generally subject to JCT at 10%. However, transactions of specific items will remain subject to JCT at 8%. This is mandatory and not optional. Continue reading


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WEBCAST: Solving legal entity forecasting challenges


I would like to invite you to join our next Tax Function of the Future webcast: Solving legal entity forecasting challenges.

Webcast date and time:

Tuesday, December 11, 2018
2:00 pm – 3:00 pm ET

In this webcast, our panel of specialists will explore:

  • The problem: Why legal entity forecasting is triggering a heightened number of pain points for Tax functions due to tax reform
  • Practical solutions: How re-creating the wheel to improve related processes may not be necessary
  • Win-win situations: Why legal entity forecast data also is being sought by non-Tax functions, such as Treasury, enabling a stronger business case for change

Click here for registration

 

Bildquelle: unsplash.com


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India – 200 days of GST – The Road Ahead


India successfully implemented its most ambitious tax reform on 1st July 2017. The transition to the new regime has been relatively smooth except for the technology related challenges for GST compliances. The Government of India (‘GOI’) has also been quick in taking remedial action such as simplifying the GST compliances, reduction in GST rates and enforcing the anti-profiteering provisions. Continue reading


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President Trump calls for action on tax reform and other priorities


In brief

In his first address to a joint session of Congress, President Donald Trump called for action on tax reform to “restart the engine of the American economy – making it easier for companies to do business in the United States and much harder for companies to leave.” While offering few details, President Trump said that his economic team is “developing historic tax reform that will reduce the tax rate on our companies so that they can compete and thrive anywhere and with anyone.” Continue reading


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China – B2V tax system reform, changes expected as of 1st of May


730187_original_R_by_M. Hermsdorf_pixelio.deChinese Premier Li Keqiang mentioned on Saturday during the National People Congress meeting that B2V will be fully rolled out on May 1, expanding the B2V scope to construction, real estate, financial services and consumer services. Continue reading


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Puerto Rican government proposes to enact a new value added tax (VAT) regime in 2015


PwC_Waermepad_ENThe Puerto Rican government is considering implementing a comprehensive tax reform package between January and March 2015, which would replace the current sales and use tax system enacted in 2006. Continue reading