Tax & Accounting Blog

“Make in India” – Tread The Digital Highway to Move Forward

“Make in India” – Tread The Digital Highway to Move Forward

The supply chain management challenges affecting or likely to affect “Make in India” Initiative ’Make in India’ is  defined as a vision to transform India into a global manufacturing and export hub, but it is much more than simply that. The primary objective of this initiative is to attract foreign investments and strengthen India’s manufacturing … Read More

EU and the Possible Application of a Generalised Reverse Charge Mechanism

EU and the Possible Application of a Generalised Reverse Charge Mechanism

The European Commission has recently adopted a proposal for a Council Directive which aims to amend the VAT Directive, introducing on temporary basis a generalised reverse charge mechanism (GRCM) for the supply of goods and services above a certain threshold. The adoption of this measure is important for the Commission, as large amounts of … Read More

Indonesia Implements Three-Tiered Transfer Pricing Documentation Requirements

Indonesia Implements Three-Tiered Transfer Pricing Documentation Requirements

On December 30, 2016, the Indonesian Minister of Finance published PMK213/ PMK.03 / 2016, which provides details on the three-tiered transfer pricing documentation requirements (master file, local file and country-by-country (CbC) report) for related party transactions in accordance with BEPS Action 13. The master file must include the following information about … Read More