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KPMG LLP (KPMG) invites you to join us for a discussion summarizing the major developments in 2016 regarding value added taxes (VAT) and goods and services taxes (GST) as well as an outlook on what to expect in 2017. Businesses with activities in a country imposing a VAT/GST and those that are selling goods or services remotely to customers established outside the United States may be affected by these developments and should join the Webcast to hear a discussion on:
2016 was marked by an increasing number of countries adopting new VAT/GST sourcing rules for sales of digital services to final consumers requiring nonresident vendors to register for and collect VAT/GST in the country where the consumer is established. This trend is expected to continue in 2017 with several countries having already announced that they are looking into similar rules.
China finalized its VAT reform in May 2016 and other countries have also either adopted new VAT laws or have been making progress towards new indirect tax systems that are expected to be introduced in 2017 or 2018.
In June 2016, the people of the United Kingdom voted in favor of leaving the European Union, which will have important consequences on the VAT treatment of certain transactions.
New VAT compliance requirements introduced by several countries throughout 2016.
Please join us for what promises to be an insightful and informative Webcast.