Content tagged with:Value Added Tax (VAT)

A value-added tax (VAT) is one of the many details that a business may need to address when considering international expansion. It is a form of a consumption tax, charged on top of the transaction price at all stages of the transaction chain, wherever “value is added.” VAT affects how business is each day in the countries where it exists, impacting everything from invoices to contracts and often requiring country specific registrations and cross-border guidelines.

Webinar: Value Added Tax (VAT) 201 - Beyond the Basics

Determining what the Value Added Tax (VAT) implications are of operating internationally can be confusing and time consuming. Failure to recognize and address overseas VAT requirements can result in additional costs, unanticipated tax liabilities, potentially avoidable VAT registration obligations and severe penalties for non-compliance. Commercial embarrassment and loss of reputation are other risks you want to avoid.

Business Expansion Into China: Important Tax Regulation Changes and the Value Added Tax (VAT) Reform Pilot

published by admin on 3/7/2013

China’s tax systems are some of the most complex in the world. Regulations change at a rapid pace, so if you’re doing business in China or planning to take the leap, make sure you have good advice and systems in place for keeping up with the regular release of important information.

Three Taxes to Consider When Expanding Overseas

published by HSP on 7/18/2012

Determining your international tax burden can be overwhelming and time consuming. Corporate taxes may apply in each individual country your company operates in, meaning a different set of obligations for each entity. Even though rules and rates may differ country to country, there are a handful of taxes that you can expect wherever you expand. Consider these three taxes when you business expands internationally.

India: XBRL Filing Update

India's Ministry of Corporate Affairs has published a new manual regarding XBRL filing requirements. The program is now in its second year, and the government is expected to add more companies to the list of those required to file in this format.

VAT in the B2B Goods Supply Chain

Determining where the VAT implications are can be confusing, particularly if your business is selling and supplying goods in multiple countries.

Selling Apps, MP3s and eBooks in the EU? You’re on the Hook for VAT

published by HSP on 5/4/2012

Is your business delivering electronic content to consumers worldwide? The global market for digital media is booming, and products traditionally sold in tangible formats—music, books, movies—are readily available as instantaneous downloads, straight to a consumer’s device of choice.

But as companies switch from in-hand goods to downloadable materials, a new liability comes into play. Value-added tax (VAT), traditionally the burden of the end consumer of goods sold internationally, becomes an obligation for businesses delivering electronic content. Read on to learn more about where VAT comes into play and if your company is on the hook.

Reclaiming VAT in Europe

Value Added Tax (VAT) can pose a number of thorny problems for US companies unfamiliar with the procedures involved, but taking control of your company’s VAT – including your reclaim opportunities - has never been more important.

Value-Added Tax (VAT) & Your Supply Chain: Q&A

published by HSP on 4/27/2012

Yesterday's webinar VAT & Your Supply Chain: Getting it Right in a Global Economy encouraged a lot of discussion. There were several interesting questions from attendees for HSP's VAT expert Nick Hart; here are some of the highlights, and answers:

VAT & Your Supply Chain: Getting it Right in a Global Economy

Learn how to properly structure your international supply chain for VAT in a global economy, as well as how to minimize your risk of VAT noncompliance.

China: Increased VAT and BT Thresholds

As of November 1, the Ministry of Finance increased tax thresholds for both VAT and Business Tax as part of a long-term effort to reduce taxes on business across China.

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