Tax & Accounting Blog

Earlier this year a bill passed through the Russian Duma without delay, which would change the Place of Supply Rules for services delivered electronically. The bill would affect both B2B and B2C transactions of digital content and software, web hosting, domain registration, voice services, information processing, remote television, radio, and support software, search engines, … Read More

It’s safe to say that exemption certificates, which play an important role in sales tax collection around the country, aren’t generally considered an exciting topic of conversation. The certificates allow wholesale purchasers to buy goods tax-free with the idea that those goods will be sold to retailers, who will then collect sales tax from their … Read More

As tax season comes to a close, those of us in the accounting profession may be breathing a sigh of relief heavier than in years past. With the continued incidents of tax-related identity theft and the impact of new legislation on businesses and individuals, tax year 2015 was certainly one for the record books. While … Read More

This is part two in a series on how corporations do business globally. You can read Part 1 here. It’s hard to argue against balance, and the Great Recession proved the global economy was seriously lacking it. In the eight years since, there has been positive movement towards the economic rebalancing that nations and … Read More

On April 8, 2016, the Ministry of Finance of the Russian Federation presented for public discussion a draft law addressing the preparation and submission of country-by-country (CbC) reports. The draft legislation, which amends Part One of the Tax Code of the Russian Federation, was developed in response to BEPS initiatives and in general, … Read More

In the last couple of months the European Commission has been discussing the possibility to grant Member States a greater flexibility for determining the VAT rates applicable within their territories, in order to modernize the VAT system and the European Union (EU) single market.   The measure was announced originally by the European Commission … Read More