Value-Added Tax

VAT Updates - European Union tax news overview of December 2016

VAT Updates – European Union tax news overview of December 2016

January 11, 2017, 1:36 pm EST in Blog, Value-Added Tax

Here is a summary of news and updates related to value-added-tax in the European Union during the month of December 2016.Consultations on VAT Reform On December 20, 2016, the European Commission opened public consultations on three aspects of its recently-introduced “Action Plan on VAT:”Business-to-Business (B2B) transactions involving goods Special schemes for small...

VAT country by country news summary for December 2016

VAT country by country news summary for November 2016

December 5, 2016, 4:13 pm EST in Blog, Value-Added Tax

Welcome to our monthly summary of Value Added Tax news and insights curated and summarized by the Sovos Compliance Tax Research Team. Here is the country-by-country report for November 2016. European Council Adopts Conclusions on Cross-Border VAT Rules On November 8, 2016, the Council of the European Union officially adopted a set...

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VAT in a Digital Age Event Wrap-up: SAF-T, Transparency, and Data Analysis Trends in VAT Compliance

November 16, 2016, 4:11 pm EST in Blog, Value-Added Tax

Thank you to all who attended our third “VAT Compliance in a Digital Age” event on November 3 at the beautiful Sofitel - Legend the Grand in Amsterdam. The standing-room-only gathering included an interactive discussion focused on the digital developments around SAF-T reporting.Our guest speaker, Daniel Kroesen from Ernst &...

VAT country by country news

VAT country by country news summary for October 2016

October 31, 2016, 1:00 am EST in Blog, Value-Added Tax

Welcome to the Sovos Compliance monthly summary of Value Added Tax news and insights curated and summarized by our Tax Research Team. Here is the country-by-country summary for October 2016.Belgium: VAT on Feminine Hygiene Products On October 5, 2016, a bill was introduced in the Belgian Chamber of Representatives which,...

European Union news overview for October 2016

VAT Updates – European Union news overview for October 2016

October 28, 2016, 1:00 am EST in Blog, Value-Added Tax

Here is a summary of news and updates related to value-added-tax in the European Union during the month of October 2016. Publication of Draft Improvements to Cross-Border VAT Rules On October 7, 2016, the European Council published a set of draft conclusions regarding potential improvements to current VAT rules on cross-border transactions....

Vermont’s Exemption on Cloud Computing

Vermont’s Exemption on Cloud Computing

October 19, 2016, 6:00 am EST in Blog, Enterprise Sales Tax, Value-Added Tax

Last year Vermont enacted legislation to be exempted from taxation sales of cloud computing (also known as remotely accessed prewritten software, Software-as-a-Service, “SaaS”, or ASP). A Brief Legislative History In 2010, Vermont issued a technical bulletin that interpreted existing law as imposing tax on prewritten software regardless of how the software was...

Tax Transparency at the G20

Tax Transparency at the G20: International Collaboration in Combatting Evasion

October 17, 2016, 10:42 pm EST in AEOI Reporting, Blog, Value-Added Tax

The fight against tax evasion was front-and-center at the 2016 G20 Hangzhou Summit, which brought together twenty global leaders of the nations with the largest economies.In the wake of the “Panama Papers” leak earlier this year, tax transparency was slated to take on a much more significant role than it...

Tales from the 2016 IPT Sales Tax and VAT Symposia

October 6, 2016, 6:00 am EST in Blog, Enterprise Sales Tax, Events, Value-Added Tax

Overview of common tax gap theme at the recent 2016 Sales Tax Symposium and the 2016 Value Added Tax Symposium, both sponsored by the Institute of Professionals in TaxationI recently had the distinct pleasure of attending both the 2016 Sales Tax Symposium and the 2016 Value Added Tax Symposium, both...