Artificial intelligence (AI) and machine learning (ML) offer substantial cost-saving potential in nearly every sector of the global economy. There is no doubt that AI is rapidly gaining traction in…
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Thomson Reuters
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Posts by Thomson Reuters
Reimagining Global Taxation: Voices from the Frontlines of Global Minimum Tax Transformation
As Pillar Two reshapes the international tax landscape, Thomson Reuters explores how multinational enterprises (MNEs) across Asia Pacific and the Middle East are responding to one of the most significant…
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A Step-by-Step Guide To FTA Optimization
Recent global regulatory changes have highlighted the need for Asia-based organizations to respond to a changing global trade landscape with agility. According to Thomson Reuters’ Global Trade Report, 54% of…
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President Trump’s tariffs: What tax and accounting professionals should know
The Trump administration made headlines with its imposition of additional tariffs on goods from various countries, including China, Mexico, and Canada. These tariffs, essentially taxes on imported goods, sent ripples…
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Need increased procurement cost efficiency from indirect tax perspective?
Thomson Reuters tax solution streamlines and simplifies. Inefficiencies and errors in indirect tax management can lead to unnecessary processing costs, amounting to an estimated 6% of a company’s operating expenses.…
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Leveraging the Orbitax Global Minimum Tax Solution for BEPS Pillar Two in a Co-Sourced Model
The implementation of BEPS (Base Erosion and Profit Shifting) Pillar Two brings significant challenges for multinational enterprises (MNEs) navigating the global minimum tax rules. Unlike traditional outsourcing models, where compliance…
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October 2024: BEPS Pillar 2 Highlights
European Union-Cyprus-Poland-Portugal-Spain European Commission Refers Cyprus, Poland, Portugal, and Spain to CJEU for Failure to Notify Transposition of Pillar 2 Directive (approved) The European Commission has announced its referral of Cyprus, Poland,…
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Fundamentals of E-invoicing for tax compliance professionals
Fundamentals of E-invoicing for tax compliance professionals
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VAT Determination: Avoiding the Domino Effect
Understanding the intricacies of Value-Added Tax (VAT) is crucial for any business operating in a global marketplace. VAT determination allows organizations to identify business scenarios where products and/or services are…
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Your Guide to KSA E-Invoicing Phase 2: The Digital Prerequisites
Your Guide to KSA E-Invoicing Phase 2: The Digital Prerequisites
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