India: cross-border tax rule for wholesale trading falls to 1%

Wednesday, 1st October 2014

Indian revenue department has reduced the permissible gap between the value of cross-border wholesale trade transactions and their arms-length price computed by tax officials to 1%.

"Previously, the figure was 3%. In case the gap is more than 1%, the wholesale transactions between the Indian unit and the related overseas enterprise will be subject to a rigorous transfer-pricing audit. In the case of all other sectors, the permissible variation between the arms-length price decided by the tax officer and the value declared by the company has been retained at 3%".

"The department had indicated earlier that in sectors where operating profit margin is less, the gap ought to be narrow. In sectors like software development, where operating profitability is higher, unlike wholesale trading, the value of transactions could vary within a range of 3% with respect to the arms-length price attributed by the taxman."

More info here.

The Offline / Online Marketing Landscape

Wednesday, 1st October 2014

Source Econsultancy.com

German ecommerce is expected to reach EUR 42.8 bln in 2014

Wednesday, 1st October 2014

The German ecommerce industry is expected to reach EUR 42.8 billion by end of 2014.

"In 2013, the share of online sales in the total retail industry was 8.4%, but according to the market research agency IFH findings, this share will be 9.4% in 2014."

"There is an expected growth rate of 13% in 2014, while the ecommerce industry grew by 14% in 2013."

More info here.

Spain to embrace Bitcoin as electronic payment system

Wednesday, 24th September 2014

The Spanish government agency that oversees matters of finance and taxation has issued a new Bitcoin-related ruling.

"The ruling, which was issued in response to questions from Spanish Bitcoin exchange platform Coinffeine, states that Bitcoin should be treated as an electronic payment system."

"In April 2014, Abanlex, the law firm representing Coinffeine, reached out to the Ministry of Finance and Public Administration (El Ministerio de Hacienda y Administraciones Públicas) as well as Congress, to obtain a clear legal definition of Bitcoin. With its response, the Ministry found that Bitcoin-based online gambling companies in Spain must now apply for licenses. Further, the ruling, coupled with new statements from Congress, suggests that Bitcoin transactions involving a business may be subject to existing laws that impose a cap on cash transactions of EUR 2,500 or more. However, although the Ministry said it will treat Bitcoin as an electronic payment system for the purpose of gambling law, it is not yet clear if this interpretation is more broadly applicable."

More info here.

Belgium: m-commerce to reach over EUR 213 mln in 2014

Tuesday, 23rd September 2014

Mobile commerce in Belgium is set to hit EUR 213 million until the end of 2014, accounting for 9.7% of total ecommerce sales, predicted to reach EUR 2.2 billion in 2014.

"The 5 most popular product categories sold via mobile devices in Belgium are clothing, furniture and home decoration, tourist activities, toys and beauty products. Online sellers offer their website either with responsive design or develop a separate app to adapt to shopper’s demand to shop on their phones."

"Belgian ecommerce is not on the same track with surrounding countries and is rather seen as a playground for international companies which take in more and more ground."

More info here.

Global m-wallet market to value USD 1.6 trillion in 2018 - report

Monday, 22nd September 2014

The global mobile wallet market is expected to reach USD 1.6 trillion by 2018, growing at a CAGR of 30.7% from 2012 to 2018.

"Mobile commerce is anticipated to be the leading segment until 2020, which will be then followed by mobile money transfer and mobile ticketing."

"EMEA (Europe, the Middle East and Africa) is expected to be the largest market for the mobile wallet industry in 2018. The EMEA region in 2011 accounted for over 40% of the global revenue share. The Asia-Pacific region is expected to witness the fastest growth in terms of revenue over the forecast period, and is expected to grow at a CAGR of 31.0% from 2012 to 2018 in this geography. The reason behind the rapid growth in these regions was the rising public acceptance of mobile wallets in Europe, as well as the overall dense population in Africa. The European market for mobile wallet services is developing rapidly, with substantial momentum in NFC wallet services and miscellaneous launches of non-NFC wallet services pertaining to mobile-wallet, the study shows."

More info here.

Amazon Vs. Alibaba: The Showdown – Infographic

Saturday, 20th September 2014

Source SmartIntern

Infographie : l'expérience client dans le secteur du e-commerce

Friday, 19th September 2014

Source Journaldunet.com

How People Buy: The Evolution of Consumer Purchasing - Infographic

Friday, 19th September 2014

Source Getelastic.com

EU: MasterCard loses cross-border fees court battle

Friday, 19th September 2014

MasterCard has lost its decade-long battle against an EU ban on cross-border card fees as Europe’s highest court supported a broader regulatory drive.

"While the court’s decision applies only to MasterCard and the cross-border interchange fees retailers must pay when they accept credit and debit card transactions in Europe, it could encourage other regulators to take action and cap fees generally."

"The ruling should spur European lawmakers and governments to agree to a commission-proposed cap on credit and debit fees throughout the EU. The court verdict could also prompt Britain’s Competition and Markets Authority to revive its examination of fees charged by MasterCard and Visa Europe for domestic card payments."

More info here.

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