Search Results for: VAT
Islamic Corporation for the Development of the Private Sector (ICD) signs two MoUs in Washington DC
October 16th, 2014
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IsDB), and the Small Enterprise Assistance Funds (SEAF), a US-based international financial institution mandated to promote economic development ...
Are Internal Bribery Probes Private?
October 13th, 2014
To tackle corporate bribery, the U.S. Department of Justice is increasingly relying on companies to turn over their own bad apples. But one former chief executive is trying to turn the tables, arguing that he should be able to ...
Investors warn on crisis plan for derivatives
October 9th, 2014
Institutional investors and pension funds have warned they may resist a plan by the world’s biggest banks to rewrite their derivatives contracts as part of reforms aimed at preventing a failing institution from destabilising global markets. More than 90 ...
Banks to change rules governing derivatives market
October 8th, 2014
The world’s biggest banks have agreed to change rules that govern the $700 trillion derivatives market, the Financial Times reported. Eighteen banks, ranging from Credit Suisse Group AG (CSGN.VX) to Goldman Sachs Group Inc (GS.N), have agreed to give ...
HMRC hails VAT ruling against university
October 7th, 2014
HMRC has welcomed the Upper Tribunal’s decision that a university’s leaseback arrangement should be ignored for VAT purposes. The Upper Tribunal allowed HMRC’s appeal against a First-tier Tribunal decision that a leasing scheme did not constitute an “abuse of ...
Guidance from Bahamas on VAT implementation
October 6th, 2014
The Bahamas Ministry of Finance has said that businesses will not be required to provide a tax identification number when applying to be covered by the value-added tax transitional virtual warehouse arrangement for commercial importers, applications for which must ...
Tel Aviv bourse expands derivatives trading in January
October 6th, 2014
The Tel Aviv Stock Exchange (TASE) will launch trading of options and futures on the Tel Aviv 100 benchmark index in January, the bourse said on Sunday, as it seeks to attract new investors and boost liquidity. A senior ...
Czech Lawmakers Approve Ten Percent VAT Rate
September 29th, 2014
The Czech Republic’s lower house of parliament has approved the introduction of a second reduced value-added tax (VAT) rate as part of the country’s 2015 draft budget. A new ten percent VAT rate will be levied on books, pharmaceuticals, ...
Experts warn over VAT digital services rules
September 19th, 2014
Businesses who make and sell apps or provide digital services to consumers in the European Union will see their paperwork increase in January due to new legislation to counter tax avoidance, experts have warned. Currently VAT on digital services ...
European Court decides to cut rate VAT on digital books
September 19th, 2014
The European Court of Justice has agreed that a reduced rate of value-added tax may be applied to books that are provided in digital form. The case concerned a publishing company that sought a preliminary ruling from the Finnish ...
