World Cup Tax Quiz

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Making sales tax less taxing. 1 World Cup Tax Quiz Passing the Ball by U lrich Peters / CC BY

description

It takes a lot to get ahead in the Global business (just like it does in the World Cup). Managing indirect taxes across different countries is just one of many challenges for international companies. Take our World Cup Tax Quiz for a fun way to learn about indirect tax compliance on a global scale.

Transcript of World Cup Tax Quiz

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Brazil is hosting the 2014 World Cup

It delayed which tax hike till after the Cup?

Brazil Grunge Flag by Nicolas Raymond/ CC BY

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Beer and soda tax

Mangue Seco by Jorge in Brazil/ CC BY

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When you download J Lo’sWorld Cup song from iTunes in the U.S.,

do you pay sales tax?

US Grunge Flag by Nicolas Raymond/ CC BY

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It depends on the state.

iPhone click remote by With Associates / CC BY

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The 2014 World Cup soccer ball is being made in Pakistan.

Which indirect tax system does Pakistan use?Pakistan Grunge Flag by

Nicolas Raymond/ CC BY

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VAT (Value Added Tax)Glorious Sunset by Black Zero / CC BY

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South Africa hosted the 2010 World cup.

Does VAT get higher in South Africa or Brazil?

South Africa Grunge Flag by Nicolas Raymond/ CC BY

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UK fans have to pay VAT on chocolate covered biscuits, except for which kind?

UK Grunge Flag by Nicolas Raymond/ CC BY

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Jaffa Cakes – a British court ruled they were

cakes, and therefore not subject to VAT.

Jaffa Cakes by Eldriva / CC BY

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What is the local South Korean Name for VAT?

South Korea Grunge Flag by Nicolas Raymond/ CC BY

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Sources • Brazil beer and soda tax:

http://www.taxrates.com/blog/2014/05/21/brazil-beer-soda-tax-hike-will-come-world-cup/ • J Low downloads:

http://www.taxrates.com/blog/2014/02/17/taxing-digital-goods-and-services-the-what-where-and-how/

• Brazil VAT rates: http://www.ey.com/GL/en/Services/Tax/Worldwide-VAT--GST-and-Sales-Tax-Guide---XMLQS?preview&XmlUrl=/ec1mages/taxguides/VAT-2014/VAT-BR.xml

• UK Jaffa tax: http://www.bbc.com/news/business-21961566 • South Korea VAT:

http://www.ey.com/GL/en/Services/Tax/Worldwide-VAT--GST-and-Sales-Tax-Guide---XMLQS?preview&XmlUrl=/ec1mages/taxguides/VAT-2014/VAT-KR.xml