Tax & Accounting Blog

Hong Kong Launches Consultation on Implementation of OECD BEPS Measures

Hong Kong Launches Consultation on Implementation of OECD BEPS Measures

As a major trading centre, Hong Kong's commitment to, and implementation of, the OECD/G20 BEPS measures is of considerable interest. Hong Kong is an Associate in the inclusive framework established by the OECD for implementing the BEPS package. In a significant development, the Hong Kong Government on October 26, 2016 launched a consultation … Read More

The sales tax busy season begins with Black November! Are you ready? (Part 2)

The sales tax busy season begins with Black November! Are you ready? (Part 2)

In our previous post we reviewed the need for an accurate and fast sales transaction solution for your business to handle any increase in sales traffic you may experience during Black November, holidays and throughout the year. In this post we will review more of the details of what you can do to fulfill … Read More

IMMEX: Cross-Border Opportunities

IMMEX: Cross-Border Opportunities

By November 1st 2006, the Mexican Government had established the IMMEX Program[1] which offers incentives for companies manufacturing and exporting goods in Mexico. The program provides the participants with IVA/IEPS Certification[2] the ability to temporarily import, free of duties (IGI) and VAT (IVA), the necessary production inputs and assets for use … Read More

The sales tax busy season begins with Black November! Are you ready?

The sales tax busy season begins with Black November! Are you ready?

A common theme among business owners is to ramp up in October to meet the demands of Black Friday and the following busy holiday shopping season.  However, recent surveys are pointing to an increasing trend of shoppers starting well before Black Friday, the traditional start of the holiday retail season. Today, the holiday season begins with … Read More

Ireland Updates Country-by-Country Reporting FAQs

Ireland Updates Country-by-Country Reporting FAQs

On October 13, 2016, Ireland updated its Country-by-Country Reporting Frequently Asked Questions (FAQs). The FAQs relate to the OECD BEPS Action 13 country-by-country (CbC) reporting requirements and the Irish legislation implementing these requirements. This legislation is included in section 891H of the Taxes Consolidation Act 1997 (TCA 1997)Read More