Global Challenges of Indirect Tax<br />1<br /> *Shifting the Balance from Direct to Indirect Taxes - PwC 2011<br />
2<br /><ul><li> VAT/GST systems exist in 156 countries
 Eight more considering implementation by 2013 </li></ul>Global Challenges of Indirect Tax<br />
Significant systems changes required and comprehensive testing projects<br />Business Tax and VAT to merge in China – pilo...
Australian GST law expanded by 100 pages and shows no sign of slowing down*<br />Australia looking at New Zealand’s GST sy...
Malaysia plans to introduce GST in 2013<br />5<br />Global Challenges of Indirect Tax<br />
India plans to replace 11 indirect taxes with two GST (Federal and State level)<br />6<br />Global Challenges of Indirect ...
Gulf Cooperation Council seeks to implement GST systems by 2012/13*<br />Syria has deferred VAT implementation until 2012*...
Six of the world’s 10 fastest growing economies are in Africa<br />Increased oil and mineral output is expected to elevate...
VAT rates in Europe are the highest in the world averaging over 20%<br />European Commission embarked on a consultation to...
5,500  Brazilian taxing jurisdictions (Federal, State, and Local)<br />SPED  system rolling out <br />across Brazil<br />1...
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Global Indirect Tax - Map of Recent Developments - Vertex

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Map sequence that illustrates recent global indirect tax and value added tax developments by country/region.

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Global Indirect Tax - Map of Recent Developments - Vertex

  1. 1. Global Challenges of Indirect Tax<br />1<br /> *Shifting the Balance from Direct to Indirect Taxes - PwC 2011<br />
  2. 2. 2<br /><ul><li> VAT/GST systems exist in 156 countries
  3. 3. Eight more considering implementation by 2013 </li></ul>Global Challenges of Indirect Tax<br />
  4. 4. Significant systems changes required and comprehensive testing projects<br />Business Tax and VAT to merge in China – pilot in 2013, targeting fully implemented system in 2015<br />3<br />Global Challenges of Indirect Tax<br />
  5. 5. Australian GST law expanded by 100 pages and shows no sign of slowing down*<br />Australia looking at New Zealand’s GST system for simplification<br />4<br />Global Challenges of Indirect Tax<br />
  6. 6. Malaysia plans to introduce GST in 2013<br />5<br />Global Challenges of Indirect Tax<br />
  7. 7. India plans to replace 11 indirect taxes with two GST (Federal and State level)<br />6<br />Global Challenges of Indirect Tax<br />
  8. 8. Gulf Cooperation Council seeks to implement GST systems by 2012/13*<br />Syria has deferred VAT implementation until 2012*<br />7<br />Global Challenges of Indirect Tax<br />
  9. 9. Six of the world’s 10 fastest growing economies are in Africa<br />Increased oil and mineral output is expected to elevate African economies<br />8<br />Global Challenges of Indirect Tax<br />
  10. 10. VAT rates in Europe are the highest in the world averaging over 20%<br />European Commission embarked on a consultation to simplify VAT<br />9<br />Global Challenges of Indirect Tax<br />
  11. 11. 5,500 Brazilian taxing jurisdictions (Federal, State, and Local)<br />SPED system rolling out <br />across Brazil<br />10<br />Global Challenges of Indirect Tax<br />
  12. 12. 10,287 Sales/Use/Rental U.S. tax jurisdictions<br />187,688 Individual U.S. tax rules<br />11<br />Global Challenges of Indirect Tax<br />

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