Publications

Welcome to the December 2023 edition of "Global Reach, Local Insight: European Investment Tax Guide for Emerging Markets". This comprehensive guide is an essential resource for European investors and financial professionals seeking to navigate the complex tax landscapes of key emerging markets. In this edition, we focus on six dynamic economies: Brazil, Chile; China, Colombia, Peru and the United Arab Emirates (UAE). As European investment continues to expand globally, understanding the unique tax environments of these emerging markets is critical to strategic planning and successful operations. Each of these jurisdictions offers unique opportunities and challenges, shaped by their individual economic, political and cultural landscapes. Our guide is designed to give you an overview of each of these jurisdictions, providing up-to-date information on tax regulations, compliance requirements and strategic approaches to tax planning. Whether you are an experienced investor in these markets or exploring new opportunities the guide will serve as your navigator through the complexities of cross-border taxation in these emerging markets. We are confident that the guide will be an invaluable tool in your investment journey, helping you to make informed decisions and capitalise on the diverse opportunities these markets offer. Should you have any questions or require further clarification, we encourage you to contact our local contacts listed in each section of the guide. They are well placed to provide you with specific advice and support tailored to your individual investment needs.

Exploring the complex landscape of e-invoicing and e-reporting reforms in Europe can be a challenging task. A team of CMS Tax experts working closely on the subject has provided an overview of the implementation timelines, the scope of application (video #1), the practicalities and the e-invoice and/or e-reporting formats (video #2) accepted in three key European jurisdictions: France, Italy and Spain. Their collective expertise provides a comprehensive view of the subject and ensures that viewers interested in learning more about the nuances and practical implications of the reforms can reach out to obtain further insight if needed. This video can be used by tax professionals, business leaders and anyone interested in the e-invoicing and e-reporting reforms to identify potential issues and reach out to their CMS contact to obtain guidance and clarity amidst the local legal and regulatory complexities.

When talent needs to move, we’re behind you Living in a highly connected world allows companies to hire and mobilise skilled and talented people almost anywhere – and locate business operations wherever they need to be. But when considering moving offices or employees, there are a range of factors to consider. These can include the political and economic consequences of COVID-19 or Brexit, the corporate and personal tax implications of relocation – even the impact of sanctions imposed on certain countries. Around the world our CMS Expat Desk teams are ready to help you manage the employment, tax, visa (immigration) and social security aspects of relocation. Drawing together specialists from the CMS Employment & Pensions Group and the CMS Tax Group, our teams are networked across locations in Europe, Asia, Africa and Latin America to offer you multi-jur­is­dic­tion­al support – whether you’re moving one employee or a whole office. Our emphasis is on understanding you and the specific needs of your business. By sharing our knowledge, networks and providing practical day-to-day support, we aim to help make any relocation process smooth, swift and fully-considered – with minimal disruption to your core business.

Over the past two years, enterprises, governments and citizens have grappled with unparalleled technological evolution and new business models, as well as significant tax reforms, regulatory changes...

Cash pooling arrangements & agreements - 2022 update We are pleased to present an updated and extended version of CMS Expert Guide to Cash Pooling. Cash pooling enables corporate groups to minimise expenditure incurred in connection with banking facilities through economies of scale. Cash pooling agreements must be carefully structured in order to minimise the risks of civil or criminal liability of the participating group companies and their officers, and also take into account the tax issues. Especially in difficult economic times like we are experiencing now, with a multitude of risks (raw material prices, disrupted supply chains, to name but a few), the importance of efficient cash management is growing. We see increasing demand on expertise on cash pooling. In this context, this guide provides an overview of the risks of civil and/or criminal liability associated with cash pooling in multiple jurisdictions in which CMS is represented and discusses the various means by which such liability may be avoided. Please do get in touch if you have any questions you would like to discuss with our team.

We are pleased to have contributed to the IFA General Report on Exchange of information: issues, use and collaboration as country reporter for Luxembourg.

Go to BRI homepage Welcome to the CMS videocasts on Belt and Road The series explores the topics that have been identified in our global research study as being top of mind for participants in BRI projects...

Relocating talent safely, smartly, and seamlessly

The CMS TAX group is pleased to launch the guide on VAT e-commerce This guide covers the VAT e-commerce package, which was first approved in 2017 (Directive 2017 / 2455) and added to in 2019 (Directive...