Tax Dispute Resolution Quarterly

2016 webcast series
Around the world with KPMG’s
Global Tax Dispute Resolution &
Controversy Network
Upcoming webcasts from this series:
New developments in Nigeria, South Africa and Turkey
19 July 2016, 12-1pm EDT/5pm WAT (Nigeria)/6pm SAST
(South Africa)/7pm EEST (Turkey) Please register here for
this webcast.
New developments in Ireland, Luxembourg and
Switzerland October 2016, date and time to be confirmed.
Past webcasts from this series:
New developments in Argentina, Brazil and Mexico
13 April 2016, Watch the webcast replay. Download the
presentation.
New developments in Canada, the United Kingdom and
the United States 23 February 2016, Watch the webcast
replay. Download the presentation
Views on VAT: Puerto Rico update
Puerto Rican and Global Indirect Tax professionals in this
March 2016 webcast discussed the draft value-added tax
(VAT) regulations issued in February 2016 and their delayed
implementation to allow affected businesses to prepare for
the new VAT.
Global Tax Disputes Update—March 2016
KPMG LLP’s quarterly Global Tax Disputes Update inventories the latest tax controversy news
from around the world. In the March 2016 edition, you will find briefings on key news, events, and
thought leadership submitted by Global Tax Dispute Resolution & Controversy professionals in
KPMG International member firms worldwide.
Proposed guidance on charging penalty determinations
for export violations
By Luis A. Abad, Washington National Tax; and Amanda K. Spikes and Donald C. Hok of
Trade and Customs Services
Guidance proposed by the U.S. Department of Commerce, Bureau of Industry and Security
regarding export violations is intended to increase predictability and transparency in the
administrative penalty process. An article in the April 2016 issue of Bloomberg BNA’s Indirect
Taxes reviews the proposed rules and explains why, if the rules are finalized, exporters will have
clearer direction on the benefits, or critical risk mitigating elements, of voluntary self-disclosures
and export compliance programs.
Puerto Rico publishes draft and transitional rules for new VAT
regime
By Leah Durner, Philippe Stephanny, and Guetzaida Garcia Nunez, Washington National Tax
The Treasury Department of the Commonwealth of Puerto Rico in February 2016 published
over 300 pages of draft regulations for implementing a value-added tax (VAT) system to replace
its sales and use tax. An article in the April 30, 2016 edition of Bloomberg BNA’s Tax Planning
International Indirect Taxes discusses how the draft VAT regulations aim to explain and
provide examples, largely based on the already existing sales and use tax rules, with respect to
definitions that apply for VAT purposes.
In April 2016, Puerto Rico’s Treasury Department provided transitional rules for introducing the VAT
on June 1, 2016 in an administrative determination (AD 16-07).
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