Tax & Accounting Blog

The WCO 2017 Tariff Classification Changes and the Effects upon Thailand Adoption

The WCO 2017 Tariff Classification Changes and the Effects upon Thailand Adoption

WCO 2017 Version of the Harmonized System Every 5 years the World Customs Organization has the duty under the 1983 HS Convention Article 16 to provide an update amendment, guideline and recommendation of an “Internationally Standardized and Recognized System of Names and Numbers”.  The “Harmonized Commodity Description and Coding System”, abbreviated as “HS”, … Read More

India GST is nearing the homestretch

India GST is nearing the homestretch

Last summer India’s Parliament finally approved the Constitutional Amendment Bill. With that out of the way, India will now have to sort out five enabling laws—the CGST Bill, SGST Bill, IGST Bill, UTGST Bill and Compensation Bill. These five laws appear to be the final hurdles before GST can be implemented. The SGST Bill will need the approval of … Read More

Italy Implements Automatic Exchange of Country-by-Country Reports

Italy Implements Automatic Exchange of Country-by-Country Reports

On March 8, 2017, Italy's Ministry of Economy and Finance published the Ministerial Decree of February 23, 2017 in the official gazette, which provides additional rules concerning country-by-country (CbC) reporting requirements in Italy, and implements EU Directive 2016/881 (the "Directive") on the mandatory automatic exchange of CbC reports among EU member … Read More