Global Tax Accounting Services Newsletter (January – March 2015)
This release is designed to help multinationals stay aware of tax accounting and regulatory developments under US GAAP and IFRS, whilst providing some technical guidance on challenging tax accounting areas. The topics featured in this edition are amongst others: the FASB’s exposure draft on intra-entity asset transfers and the balance sheet classification of deferred taxes,
Creation of certainty on VAT treatment of complex cross border transactions – Cross Border Rulings Project extended until 2018 by EU Commission
The VAT Cross Border Rulings Pilot Project has been set up for taxable persons to obtain advance rulings on the VAT treatment of complex cross border transactions. Cross border rulings (CBRs) create certainty, thus mitigating the risk of double taxation and related disputes. The EU pilot project started in 2013 and now involves 15 Member
