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India announces major GST reform

India’s Prime Minster Narendra Modi has unveiled a sweeping reform of the country’s Goods and Services Tax (GST). The biggest overhaul since its introduction in 2017. The changes aim to simplify the rate structure, reduce compliance headaches, and give a much-needed boost to businesses and

Trickiest countries in which to achieve compliance

Indirect taxes, such as VAT, GST, or Sales and Use Tax, are designed to be efficient and broad-based. In practice, however, compliance can be highly complex, and even minor missteps can lead to severe penalties and unexpected financial consequences. Where compliance is most challenging: Brazil