IoT real-time tax controls for Russian B2C transactions Recently, most medium and large retail businesses across Russia shifted to internet-connected cash desks that every day, in real-time, report to the Federal Tax Administration approximately 70 million B2C transactions. According to official sources, since July 1st 2017 when the mandate entered…
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Facing the increasing abuse of legal norms by some taxpayers who seek to obtain undue tax advantages, by means of behaviors aimed only at evading tax compliance, the legislator has taken the determination to confront tax avoidance and effectively protect the fiscal interests through the progressive incorporation of anti-avoidance clauses…
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The new requirements In the first part of this series we opened the reflection around the new demands for human capital within the tax administrations (TAs), without evading the fact that this element forms a part of the complex network of components in practically any tax administration. Let’s investigate now…
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One of the aspects considered in the BEPS initiative (Base Erosion and Profit shifting) has been to revisit the aspects of documentation, referred to in action 13 of the Action Plan. However, in order to have a greater understanding of this new document approach and an idea of the impact…
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Although it might seem a longer time, it was only 5 months ago when I wrote a post updating some innovations regarding electronic invoicing in the region and over a month ago, about some benefits that go beyond taxation and which I called “unexpected consequences”. However, here we go again.…
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According to information from the Organization for Economic Cooperation and Development (OECD) information exchange portal updated to June 2017, Argentina, Brazil, Chile, Colombia, Mexico and Uruguay are among the Latin American countries that have begun to Implement the Country-by-Country Report, as well as the Master File and Local File for…
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