Understand and be prepared for changes in the strategy and requirements of tax administrations and regulators

The fifth edition of ‘Trends in Tax Transparency’, reviewing tax disclosures in the FTSE100, reveals an increase in tax transparency over the last 5 years. A few companies are making innovative disclosures and shaping the debate. Others are developing a strategic response to the changing tax transparency landscape. Read on for further insights.

The Spanish Minister of Finance recently announced that the government will propose to Parliament a new digital services tax (DST) that would align with the draft EU Directive presented by the European Commission (EC) on 21 March 2018. The government’s aim is for the new tax to be in force before the end of 2018.

Making Tax Digital for Business (MTDfB) is the government’s policy to move all business-related tax reporting online.The Global tax landscape is shifting as tax authorities demand an ever increasing volume of data from taxpayers.

There have been several recent additional drivers behind why a robust, business aligned, Tax Control Framework is becoming an essential feature of any global business

Although data is not a new issue for tax it is fast turning into one of the major enablers for future state tax functions.

From 25 June 2018 certain cross-border transactions need to be reported to the tax authorities. PwC can help you understand the new rules and assist you in meeting your reporting obligations.