Tax & Accounting Blog

VAT rates in Crimea

The State Council of Crimea has proposed new Value Added Tax rates, a standard rate of 4%, and a reduced rate of 2%, effective June 1, 2014. Furthermore, according to a recent directive by Russian President Vladimir Putin, domestic travel to Crimea will not be subject to Russia’s 18% VAT rate, but will have a rate of 0% … Read More

European Commission Issues Economic Policy Recommendations

The European Commission released policy recommendations on Monday June 2, 2014  for 26 EU member states. The recommendations are designed to strengthen the economic recovery of the last year, and include country-specific recommendations. The Commission identifies areas of progress including an expectation that all EU economies will grow in 2015, an overall improvement in public finances … Read More

New Government, New GST Discussions

Blog June 3, 2014

Narendra Modi’s government is less than a week old, but it is trying to move on the India’s long delayed Goods and Services Tax (GST). The new Finance Minister, Arun Jaitley, wants to expedite the CST compensation to the states to bring them to the back to the negotiating table to the GST going. Source: … Read More