Part 2 of this listener-voted topic continues with Sylvia asking Shagun about the tax liabilities for distance sellers in APAC. And the team are left wowed by some of the unique taxes that businesses can encounter in the region, including China's chopstick tax and Japan's obesity tax. Have a question for the show or an unusual tax you'd like to share? Email: Podcast@tmf-group.com 00:01 Intro 00:35 Tax liabilities for distance sellers and providers of digital content 06:30 Unusual taxes that businesses can encounter in Indonesia, China, Japan, Singapore, South Korea and India 15:26 Key things to consider when doing business in APAC 17:11 Shagun’s top three compliance challenges for businesses new to the region 20:22 Takeaways 24:48 Outro. CREDITS Your hosts are: Jacek Szufan, Sylvia Petkova and Rob Hutchinson Producer: Carlie Bonavia Theme music: Roulette Wheel by JAM Studio, purchased from Shutterstock Music. Value Added Talk is a production of TMF Group.

Value Added Talk

Tax differences across Asia Pacific, Part 2

Get an essential overview of indirect and corporate tax rates and understand the compliance challenges that new market entrants can face in APAC. Jacek, Sylvia and Rob kick off season two of the Value Added Talk podcast with a listener-voted topic and invite colleague Shagun Kumar onto the show to explore the APAC tax environment, with examples from India, China, Singapore, Indonesia, Japan and South Korea. This two-part episode covers: indirect taxation jurisdictional tax differences corporate tax rates; trends and how they’re being used to attract international investment digitisation and tax liabilities for distance sellers compliance challenges some of the more unusual taxes that businesses can encounter in APAC. Have a question for the show? Get in touch: podcast@tmf-group.com Short on time? Skip ahead: 00:01 Intro 05:41 The indirect tax environment across Asia Pacific 07:22 Lack of regional tax groupings 09:03 Indian GST 11:45 Corporate tax rates 15:34 APAC tax digitisation trends 20:04 How businesses are coping with the change to digital reporting systems. CREDITS Your hosts are: Jacek Szufan, Sylvia Petkova and Rob Hutchinson Producer: Carlie Bonavia Theme music: Roulette Wheel by JAM Studio, purchased from Shutterstock Music. Value Added Talk is a production of TMF Group.

Tax differences across Asia Pacific, Part 1

Jacek, Sylvia and Rob close out 2019 with a reflective episode covering Brexit expectations and other European country-level tax developments; VAT quick fixes, SAF-T (Standard Audit File for Tax), digitisation, centralised reporting and the ongoing focus on closing the VAT gap. Tune in to find out what tax challenges businesses operating in Europe may face in the new year … and why the discussion turns to bikinis and pigs in blankets. Have a question for the show? Email: Podcast@tmf-group.com  Short on time? Skip ahead: 00:01 Intro 02:03 Brexit is now definitely happening - what does this mean for businesses? 05:14 Sylvia’s thoughts on a ‘messy’ tax year 08:26 Spotlight on e-commerce tax compliance and closing the VAT gap 13:20 SAF-T and the looming digitisation wave 14:31 Is the tax reporting process set to reverse? Will it make compliance easier? 17:50 Dreams of a single VAT return – is SAF-T the next best thing? 26:43 Getting into the festive spirit 29:26 Closing comments CREDITS Your hosts are Jacek Szufan, Sylvia Petkova and Rob Hutchinson Producer: Carlie Bonavia Theme music: Roulette Wheel by JAM Studio, purchased from Shutterstock Music. Value Added Talk is a production of TMF Group.

S1 06 Year-end tax chat: Brexit, SAF-T and closing the VAT gap

The European Union’s transitional VAT system – in place since 1993 – has long created large compliance and administrative hurdles for businesses. The definitive VAT regime – an origin-based system of VAT – is meant to relieve the pressure and eliminate the need for businesses to register in every member state they may trade with. So how would the definitive system work in practice? Which taxpayers would be able to use the simplified system and when is it meant to take effect? Listen to episode five of the Value Added Talk podcast to find out. Have a question for the show? Get in touch: Podcast@tmf-group.com  Short on time? Skip ahead: 00:01 Intro 05:58 A brief history of the VAT system in the EU 07:26 What is the problem with the transitional VAT system? 09:43 What is the definitive VAT system? 12:57 What could impact the chargeability of VAT under the proposed system? 14:09 How to keep off the naughty list 16:55 Principles of the definitive system 17:55 How sales would be reported 19:35 Is Christmas really coming? 24:05 Challenges in implementing the definitive system 28:05 Closing thoughts Read Jacek’s contribution on how tax will change in the 2020s in the September/October edition of Accounting Technician. CREDITS Your hosts are Jacek Szufan, Sylvia Petkova and Rob Hutchinson Producer: Carlie Bonavia Theme music: Roulette Wheel by JAM Studio, purchased from Shutterstock Music Value Added Talk is a production of TMF Group.

S1 05 What you need to know about the definitive European VAT regime

What does it take to set up – or continue running – an online business while keeping pace with all tax requirements? How do you navigate import tax, sales thresholds, VAT and GST registration and selling to jurisdictions where you must collect the sales taxes? How do your obligations change if you sell goods on a digital marketplace like Amazon or eBay? In this episode of the Value Added Talk podcast, Jacek goes into the fidget spinner business to illustrate the main tax hurdles for online sellers, and how to deal with them. Have a question for the show? Get in touch: Podcast@tmf-group.com Short on time? Skip ahead: 00:01 Intro 03:45 Who is an ‘online seller’ ? 07:39 Why is e-commerce such a big deal? 08:42 Role play: Jacek opens a fidget spinner web store 15:33 Sales thresholds in the EU 16:54 Online sales to Australia or New Zealand 18:22 Selling to the USA and this thing called Nexus 22:00 How to keep track of all your tax obligations 23:34 Selling over digital marketplaces 28:36 How to manage your tax obligations when you sell online 31:43 New to online selling? Understand global business complexity 33:15 In the future – will it get easier? 37:35 Outro CREDITS Your hosts are Jacek Szufan, Sylvia Petkova and Rob Hutchinson Producer: Carlie Bonavia Theme music: Roulette Wheel by JAM Studio, purchased from Shutterstock Music. Value Added Talk is a production of TMF Group.

S1 04 Tax headaches you wish you knew about before selling online

Featuring extra data, TMF Group’s Accounting and Tax Report takes a deeper dive into the findings of the Global Business Complexity Index 2019, which examines the risks and opportunities of doing business in 76 jurisdictions around the world. In this third episode of the Value Added Talk podcast, Jacek, Sylvia and Rob explore the key tax trends highlighted in the report and discuss the practical impact these will have on future business operations. Short on time? Skip ahead: 00:01 Intro 01:24 On today’s episode 03:48 Tax digitisation – a brief overview 07:14 Harmonisation trends 13:07 The changing relationship between authorities and businesses 21:54 What’s shaping evolving tax policy 28:33 The VAT Gap and moves to combat tax fraud 32:42 Key takeaways 36:31 Tax breaks for ‘exceptional’ trees in Hawaii 39:57 Outro Have a question for the show? Get in touch: Podcast@tmf-group.com If you'd like to support the podcast, please hit 'subscribe' on Apple Podcasts or 'follow' on Spotify - and consider leaving us a review. CREDITS Your hosts are Jacek Szufan, Sylvia Petkova and Rob Hutchinson Producer: Carlie Bonavia Theme music: Roulette Wheel by JAM Studio, purchased from Shutterstock Music. Value Added Talk is a production of TMF Group.

S1 03 Four accounting and tax trends you need to know about

Digitisation has been a hot topic in the tax world in 2019 and it will continue to be, as tax authorities push for real-time reporting and more detailed transactional data from taxpayers. Digital developments require businesses to adapt their systems and introduce new processes to comply but it’s not necessarily all headaches and additional costs; more automated tax reporting can be a positive shift particularly for cross-border operations. Is your company prepared for the technology change? TMF Group head of accounting and tax Emine Constantin joins Jacek, Sylvia and Rob in this episode. Have a question for the team? Get in touch: Podcast@tmf-group.com Short on time? Skip ahead: 00:01 Intro 04:15 What’s trending in tax digitisation? 08:28 Why is digital tax reporting coming into vogue? 10:44 Local compliance challenges 12:50 Technology – an enabler for tax authorities or businesses? 17:58 The Standard Audit File for Tax – or is it? 19:30 The data challenge 22:18 The need for local tax knowledge and support 24:07 How the UK handled the introduction of Making Tax Digital 34:21 Key takeaways 37:03 Outro Learn about accounting and tax challenges in 76 jurisdictions – download the Global Business Complexity Index 2019. If you'd like to support the show, please hit 'subscribe' on Apple Podcasts or 'follow' on Spotify - and consider leaving us a review. CREDITS Your hosts are Jacek Szufan, Sylvia Petkova and Rob Hutchinson Producer: Carlie Bonavia Theme music: Roulette Wheel by JAM Studio, purchased from Shutterstock Music. Value Added Talk is a production of TMF Group.

S1 02 Digitisation is taking over the tax world – are you ready?

Around four per cent of global travel spend offers reclaimable VAT but many companies don’t bother claiming back the VAT that they’ve incurred in the course of doing business abroad. Click here to download your ‘free’ money FAQ sheet. Yes the VAT recovery process can be admin-heavy, but the time spent analysing the data in your systems and maybe even digging through a deep, dark basement to locate eligible receipts can be quite lucrative. How does a seven-figure cash injection sound? In this 'free' money episode, Jacek, Sylvia and Rob discuss the VAT recovery process and how much of a boost it can give to your bottom line. Have a question for the show? Get in touch: Podcast@tmf-group.com Short on time? Skip ahead: 00:01 Intro 01:45 What do we mean by ‘free' money? 03:22 What is VAT Recovery – and what is recoverable? 16:17 How to identify recoverable VAT 20:16 How to recover the VAT 22:49 Specific claim periods and deadlines 23:43 Potential obstacles 30:35 Key takeaways If you'd like to support the show, please hit 'subscribe' on Apple Podcasts or 'follow' on Spotify - and consider leaving us a review. CREDITS Your hosts are: Jacek Szufan, Sylvia Petkova and Rob Hutchinson Producer: Carlie Bonavia Theme music: Roulette Wheel by JAM Studio, purchased from Shutterstock Music. Value Added Talk is a production of TMF Group.

S1 01 ‘Free’ money and where your business can find it

Jacek, Sylvia and Rob provide analysis of the latest global tax changes and tips to help improve your finance function and boost your cashflow. Value Added Talk launches in October 2019. Subscribe and stay tuned! Proudly brought to you by TMF Group: www.tmf-group.com Get the latest episodes in your inbox: bit.ly/TMFeAlert Hosts: Jacek Szufan, Sylvia Petkova, Rob Hutchinson Producer: Carlie Bonavia Music: Roulette Wheel by JAM Studio, purchased from Shutterstock Music.

Value Added Talk season 1 coming soon

Global tax analysis and tips for businesses of all sizes, from small startups to large multinationals.

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Value Added Talk

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