Taxamo presentation to OECD meeting in Paris - February, 25, 2015Taxamo
On Wednesday, February 25, 2015, Taxamo was invited to make a presentation to the OECD Public Consultation meeting on VAT/GST guidelines. Here's our presentation outlining the invaluable knowledge we have gained since the introduction of the 2015 EU VAT rules on the B2C supply of digital services within the EU.
Taxamo is a SaaS solution for the 2015 EU VAT change. How does it work? How does our solution enable merchants supplying digital services to become compliant? These slides reveal the detail behind our comprehensive end-to-end EU VAT compliance solution.
New EU VAT rules for digital service merchantsTaxamo
On September 23, 2014, Taxamo held a 100-day countdown to the new EU VAT rules on digital services. Presentations were made by Andrew Webb, of HMRC; Esteban Van Goor, of Baker McKenzie, and John McCarthy, CEO of Taxamo.
Taxamo presentation to OECD meeting in Paris - February, 25, 2015Taxamo
On Wednesday, February 25, 2015, Taxamo was invited to make a presentation to the OECD Public Consultation meeting on VAT/GST guidelines. Here's our presentation outlining the invaluable knowledge we have gained since the introduction of the 2015 EU VAT rules on the B2C supply of digital services within the EU.
Taxamo is a SaaS solution for the 2015 EU VAT change. How does it work? How does our solution enable merchants supplying digital services to become compliant? These slides reveal the detail behind our comprehensive end-to-end EU VAT compliance solution.
New EU VAT rules for digital service merchantsTaxamo
On September 23, 2014, Taxamo held a 100-day countdown to the new EU VAT rules on digital services. Presentations were made by Andrew Webb, of HMRC; Esteban Van Goor, of Baker McKenzie, and John McCarthy, CEO of Taxamo.
On 2 December 2016 the Law Decree 22 October 2016 n. 193 (“Tax decree”) completed its legislative process with the publication in the Official Gazette of the consolidated text, post amendments, occurred at the time of the conversion into Law. Some of the adopted measures are a way to implement the new strategy of the Tax Administration to prevent tax evasion and to reduce the VAT gap. Most of the measures have the aim to modernize the way in which taxable persons accomplish VAT fulfillments, so that these latter can be more effective, leveraging on an intense use of electronic means. Grant Thornton Italy summarize in this VAT Alert, the main changes on VAT rules deriving from the final text of the new provisions.
WCA eCommerce 1st Annual Conference - Workshop 2
Topic: eCommerce Risks & Liabilities USA Shipments: Cross Border Regulatory issues and limiting your Liability for eCommerce.
Speaker: Bob Imbriani
Executive VP, International
Team Worldwide USA
US Digital Companies & their 2015 EU VAT Challenge
January 1, 2015 sees the introduction of new EU VAT rules on digital services. Global e-tax specialists, Taxamo, hosted an online webinar for US and other non-European merchants who sell e-services and digital goods to European customers.
WCA eCommerce Workshop 6: EU VAT regulations in crossborder trade Kaitlyn Mode
WCA eCommerce 1st Annual Conference - Workshop 6
Topic: EU VAT regulations in crossborder trade
Speaker: Mr. J. (Jayant) Rakhan
Partner and Global Leader - Indirect Tax Baker Tilly Berk NV
UK: VAT Reverse charge for wholesale telecommsAlex Baulf
HM Revenue & Customs Brief 01/2016
HMRC has announced measures to counter what it perceives to be a threat from Missing Trader Intra-Community (MTIC) fraud in connection with the wholesale supply of telecommunications services in the UK. A statutory instrument was laid before Parliament and the measure will come into effect on 1 February 2016.
In normal circumstances, it is the supplier of goods or services that is liable to account for VAT on the supplies that it makes. In certain cases (where a tax authority considers it necessary for the protection of the revenue), the liability for VAT accounting can be transferred to the purchaser of the goods and services rather than the supplier. The mechanism is known as the 'reverse charge' mechanism (or tax shift mechanism).
The reverse charge mechanism is to be introduced for wholesale supplies of telecommunication services which take place in the United Kingdom on or after 1 February 2016. Subject to certain exceptions, the domestic reverse charge will apply to all wholesale supplies of telecommunications services between counterparties established in the UK. This will typically mean transmission or carriage services of airtime and telephony related data. The reverse charge will cover telecommunications services which enable speech communication instantly or with only a negligible delay between the transmission and the receipt of signal and the transmission of writing, images and sounds or information of any nature when provided in connection with such services. The reverse charge will apply to all wholesale supplies: that is supplies made on a business to business basis.
Comment - businesses involved in the wholesale supply of telecomms services will need to amend their VAT accounting procedures with immediate effect. This will include the addition of a statement on each sales invoice making it clear that the reverse charge applies and that the customer is responsible for accounting for the VAT on its VAT return.
WCA eCommerce Plenary Session 4: EU VAT changes in crossborder tradeKaitlyn Mode
WCA eCommerce 1st Annual Conference Plenary Session 4
EU VAT changes in crossborder trade
Speaker: Mr. J. (Jayant) Rakhan
Partner and Global Leader - Indirect Tax Baker Tilly Berk NV
Brexit – Are You Ready – a Legal ChecklistMartin Jack
Speaker David Beveridge
David will be outlining matters where businesses should consider and assess how ready they are for the biggest change to UK trade in the post – war era – Brexit.
Speaker Simon Murrison
With all of the uncertainty just now one thing you can count on is HMRC will still want tax paid.
Will I still have to manage my taxes in the same way post Brexit and how will we deal with importing and exporting goods?
Will VAT still be applicable as this is a European tax?
Find out from Simon how HMRC plan to deal with the changes and how it will link to Making Tax Digital.
On 2 December 2016 the Law Decree 22 October 2016 n. 193 (“Tax decree”) completed its legislative process with the publication in the Official Gazette of the consolidated text, post amendments, occurred at the time of the conversion into Law. Some of the adopted measures are a way to implement the new strategy of the Tax Administration to prevent tax evasion and to reduce the VAT gap. Most of the measures have the aim to modernize the way in which taxable persons accomplish VAT fulfillments, so that these latter can be more effective, leveraging on an intense use of electronic means. Grant Thornton Italy summarize in this VAT Alert, the main changes on VAT rules deriving from the final text of the new provisions.
WCA eCommerce 1st Annual Conference - Workshop 2
Topic: eCommerce Risks & Liabilities USA Shipments: Cross Border Regulatory issues and limiting your Liability for eCommerce.
Speaker: Bob Imbriani
Executive VP, International
Team Worldwide USA
US Digital Companies & their 2015 EU VAT Challenge
January 1, 2015 sees the introduction of new EU VAT rules on digital services. Global e-tax specialists, Taxamo, hosted an online webinar for US and other non-European merchants who sell e-services and digital goods to European customers.
WCA eCommerce Workshop 6: EU VAT regulations in crossborder trade Kaitlyn Mode
WCA eCommerce 1st Annual Conference - Workshop 6
Topic: EU VAT regulations in crossborder trade
Speaker: Mr. J. (Jayant) Rakhan
Partner and Global Leader - Indirect Tax Baker Tilly Berk NV
UK: VAT Reverse charge for wholesale telecommsAlex Baulf
HM Revenue & Customs Brief 01/2016
HMRC has announced measures to counter what it perceives to be a threat from Missing Trader Intra-Community (MTIC) fraud in connection with the wholesale supply of telecommunications services in the UK. A statutory instrument was laid before Parliament and the measure will come into effect on 1 February 2016.
In normal circumstances, it is the supplier of goods or services that is liable to account for VAT on the supplies that it makes. In certain cases (where a tax authority considers it necessary for the protection of the revenue), the liability for VAT accounting can be transferred to the purchaser of the goods and services rather than the supplier. The mechanism is known as the 'reverse charge' mechanism (or tax shift mechanism).
The reverse charge mechanism is to be introduced for wholesale supplies of telecommunication services which take place in the United Kingdom on or after 1 February 2016. Subject to certain exceptions, the domestic reverse charge will apply to all wholesale supplies of telecommunications services between counterparties established in the UK. This will typically mean transmission or carriage services of airtime and telephony related data. The reverse charge will cover telecommunications services which enable speech communication instantly or with only a negligible delay between the transmission and the receipt of signal and the transmission of writing, images and sounds or information of any nature when provided in connection with such services. The reverse charge will apply to all wholesale supplies: that is supplies made on a business to business basis.
Comment - businesses involved in the wholesale supply of telecomms services will need to amend their VAT accounting procedures with immediate effect. This will include the addition of a statement on each sales invoice making it clear that the reverse charge applies and that the customer is responsible for accounting for the VAT on its VAT return.
WCA eCommerce Plenary Session 4: EU VAT changes in crossborder tradeKaitlyn Mode
WCA eCommerce 1st Annual Conference Plenary Session 4
EU VAT changes in crossborder trade
Speaker: Mr. J. (Jayant) Rakhan
Partner and Global Leader - Indirect Tax Baker Tilly Berk NV
Brexit – Are You Ready – a Legal ChecklistMartin Jack
Speaker David Beveridge
David will be outlining matters where businesses should consider and assess how ready they are for the biggest change to UK trade in the post – war era – Brexit.
Speaker Simon Murrison
With all of the uncertainty just now one thing you can count on is HMRC will still want tax paid.
Will I still have to manage my taxes in the same way post Brexit and how will we deal with importing and exporting goods?
Will VAT still be applicable as this is a European tax?
Find out from Simon how HMRC plan to deal with the changes and how it will link to Making Tax Digital.
Marriage and Kingdom Humility on Mark 10:1-16 - part of the Marked As Disciples series - was originally preached on June 19, 2016 by Dr. Don L. Pahl at Crosspoint Bible Church in Omaha, NE.
Presentation by Neil O'Brien of Accentis Chartered Accountants to highlight the changes brought in by the EU VAT MOSS changes. Pertinent for digital businesses who sell 'electronic services' and 'digital products'
International Indirect Tax survival in a global supply chain Alex Baulf
The profitability of a business is directly impacted by how its supply chain makes and delivers goods, as well as by how that supply chain is structured to minimize trade and tax expenses
Economic and technical developments drive change for businesses. As a business moves through its own life cycle ,the supply chain will also evolve, as procurement, manufacturing and distribution strategies change.
The pace of change in the international tax environment is accelerating, as governments and tax administrations get to grips with BEPS. These developments will require businesses to react on a strategic and organisational level.
Such changes invariably have an impact on VAT/GST and customs obligations. As the business reacts to changes in the external environment, it needs to revisit the design and operation of the supply chain at transaction level.
This thought leadership from Grant Thornton explores both the indirect tax supply chain life cycle and the challenges, risks and opportunities at every stage within the supply chain.
Customs and taxes, dealing with trade compliance in cross-border e-commerce Famke Schaap
International e-commerce: understanding the tax and duty implications of selling goods across borders. Gain insights about trade compliance tasks in e-commerce, even if a customs broker takes care. Slides prepared for UN/ITC Ecomconnect initiative (4 June 2020). https://ecomconnect.org/
What is Value Added Tax (VAT)?
**An indirect tax imposed at each stage of production and supply.
**In general, the ultimate consumer is the one who bears the full cost of this tax while the business collects and
calculates the tax and pays it in favor of the state.
**A 5% is imposed on multiple production stages with the right to deduct taxes on inputs from taxes collected
from production outputs.
**The tax is collected each stage of the economic cycle (production, distribution, consumption)
Value added = Sale Price – Purchasing or Production cost
SYNERGY Global VAT/GST update – Overview of recent changes & what’s on the ho...Alex Baulf
Slides from Thomson Reuters' SYNERGY conference London, 2013 session with Grant Thornton discussing recent topical VAT/GST reform from around the globe. Topics discussed include the China VAT reform, the US Marketplace Fairness Act, GST in India, and the EU VAT changes in 2015.
What every attorney needs to know about their clients doing business in EuropeGlobal Delaware
Monika Molnar of Treureva Ltd, Zurich, Switzerland, offers her expertise on Key issues for VAT in the EU and best practices for US lawyers and accountants who work with clients in there.
The Impact of Brexit: Risks, Solutions and Opportunities for your BusinessMichelle Rudek
In this white paper, which Customs Connect presented at the recent Construction Equipment Association (CEA) Conference, we provide a comprehensive overview of the impact of Britain leaving the European Union and the key risks for UK Industry. We provide some tips on how to mitigate these risks and to prepare for the impact of Brexit as much as possible.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Buy Verified PayPal Account | Buy Google 5 Star Reviewsusawebmarket
Buy Verified PayPal Account
Looking to buy verified PayPal accounts? Discover 7 expert tips for safely purchasing a verified PayPal account in 2024. Ensure security and reliability for your transactions.
PayPal Services Features-
🟢 Email Access
🟢 Bank Added
🟢 Card Verified
🟢 Full SSN Provided
🟢 Phone Number Access
🟢 Driving License Copy
🟢 Fasted Delivery
Client Satisfaction is Our First priority. Our services is very appropriate to buy. We assume that the first-rate way to purchase our offerings is to order on the website. If you have any worry in our cooperation usually You can order us on Skype or Telegram.
24/7 Hours Reply/Please Contact
usawebmarketEmail: support@usawebmarket.com
Skype: usawebmarket
Telegram: @usawebmarket
WhatsApp: +1(218) 203-5951
USA WEB MARKET is the Best Verified PayPal, Payoneer, Cash App, Skrill, Neteller, Stripe Account and SEO, SMM Service provider.100%Satisfection granted.100% replacement Granted.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
effectively manage the convert Accpac to QuickBooks , with a particular focus on utilizing online accounting services to streamline the process.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
According to TechSci Research report, “India Orthopedic Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being driven by several factors. The most prominent ones include an increase in the elderly population, who are more prone to orthopedic conditions such as osteoporosis and arthritis. Moreover, the rise in sports injuries and road accidents are also contributing to the demand for orthopedic devices. Advances in technology and the introduction of innovative implants and prosthetics have further propelled the market growth. Additionally, government initiatives aimed at improving healthcare infrastructure and the increasing prevalence of lifestyle diseases have led to an upward trend in orthopedic surgeries, thereby fueling the market demand for these devices.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
Experience unparalleled EXTENDED STAY and comfort at Skye Residences located just minutes from Toronto Airport. Discover sophisticated accommodations tailored for discerning travelers.
Website Link :
https://skyeresidences.com/
https://skyeresidences.com/about-us/
https://skyeresidences.com/gallery/
https://skyeresidences.com/rooms/
https://skyeresidences.com/near-by-attractions/
https://skyeresidences.com/commute/
https://skyeresidences.com/contact/
https://skyeresidences.com/queen-suite-with-sofa-bed/
https://skyeresidences.com/queen-suite-with-sofa-bed-and-balcony/
https://skyeresidences.com/queen-suite-with-sofa-bed-accessible/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-king-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed-accessible/
#Skye Residences Etobicoke, #Skye Residences Near Toronto Airport, #Skye Residences Toronto, #Skye Hotel Toronto, #Skye Hotel Near Toronto Airport, #Hotel Near Toronto Airport, #Near Toronto Airport Accommodation, #Suites Near Toronto Airport, #Etobicoke Suites Near Airport, #Hotel Near Toronto Pearson International Airport, #Toronto Airport Suite Rentals, #Pearson Airport Hotel Suites
2. Why worry?
Risk
Financial
Reputational
Cost
Potential loss of margin
Retrospective liabilities
Time
Not adding value to your business
“Hindsight is a wonderful thing”
3. Putting it in context
+100 countries…and growing
Varying complexity (compare UK to (eg)
NZ)
Huge variation in rates (0% -> 27%)
Constantly moving goalposts
A true “single market”?
4. Trigger points
Goods or services?
How do goods move? (Drop ship? Call off
stocks? Etc)
Supply flow: Direct sales? Via agent?
Reseller?
Effect of VAT rate on pricing/margin?
Factor in cost of compliance
6. UK Retailer selling goods
to non-EU customers
Scope for zero-rating
Must be exported to a place outside EU
Proof of export essential:
Official
Commercial
Scope for monthly returns?
Obligations in destination country?
7. UK Retailer selling goods
to customers in other EUMS
B2B or B2C?
B2C
‘Default’ position -> UK VAT applies
Beware Distance Selling rules (£35k ‘warning
light’)
8. UK Retailer selling digital
services to other EUMS
B2B or B2C?
B2C
From 1 Jan 2015 – must account for VAT in
customer’s EUMS
Register separately in each country? Or,
MOSS?
9. What services are affected?
Applies to “broadcasting,
telecommunications and
electronically supplied services”
Where sold B2C to customer in
another EUMS
“Electronically supplied services”
includes:
Web-hosting
Distance learning packages
Music downloads
10. What’s changing?
Pre 1 Jan 2015
UK -> UK: UK standard
rated
UK -> EU: UK standard
rated
UK -> non-EU: Outside
scope
From 1 Jan 2015
UK -> UK: UK standard
rated
UK -> EU: VAT due in
customer’s MS
UK -> non-EU: Outside
scope
11. How do you account for VAT?
Option 1
Register for VAT in
every EUMS where
sales made
Option 2
Register under MOSS
12. MOSS
Single VAT registration
Online via HMRC’s website
Box for each EUMS:
Account for VAT on sales
Per country
At prevailing local rate
13. MOSS Pros and Cons
+
Administrative ease
Single online return
Completed in
English
-
No turnover limit
10 year retrospective
audits
Fixed periods
No recovery of in-
country costs
14. Practical issues
Identification of customer location
HMRC guidance
Up to 3 pieces of commercial evidence
may be required
Pricing/margin
Systems issues
15. Refunds of overseas
VAT
EU -> 8th Directive
Process:
Time limits
Non-EU
Limited scope
Check on country by country basis
16. Checklist
Ensure transactions are taxed:
In right place
At right time
At right rate
Ensure systems are VAT-compliant
Deal with EU statistical obligations
Retain proof of export/proof of customer
status
Consider claiming refund of non-UK VAT
