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Deep Dive Insurance Premium Tax in Belgium
Deep Dive: Insurance Premium Tax in Belgium

The Belgian taxation landscape can be challenging for insurers if they are not well versed in the rules and requirements for ongoing compliance. Belgium ranks as one of the somewhat trickier countries to deal with in the Insurance Premium Tax (IPT) sphere with a plethora of different taxes due dependant on the class of business […]

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Eastern European Jurisdictions CTC update
Eastern European Jurisdictions: CTC update

Eastern European countries are taking new steps concerning the implementation of continuous transaction controls (CTC) systems to reduce the VAT gap and combat tax fraud. This blog provides you with information on the latest developments in several Eastern European countries that may further shape the establishment of CTC systems in other European countries and beyond. […]

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Virtual Events and the Risk of Double Taxation
New Place of Supply Rules for Virtual Attendance of Events

Events and conferences typically take a long time to organise and in the early part of 2020 several events that were scheduled to take place were impossible because of the various Covid-19 restrictions. Looking at a loss of revenue, and not knowing how long restrictions would last, many hosts went online and hosted virtual events. […]

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Will the Middle East be Next to Accelerate CTCs
Will the Middle East be Next to Accelerate CTCs?

Over the past decade, the Middle East region has undergone impactful financial and fiscal changes. VAT was introduced as one of the solutions to prevent the impact of decreasing oil prices on the economy after the region’s economic performance started to slow down. After realising the benefits of VAT to the economy, the next step […]

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How to Keep Up with Insurance Premium Tax changes in Europe
Easing the Pain of Settling IPT

Ensuring Insurance Premium Tax (IPT) compliance can be a complex task. With tax rates and filing varying from country to country, many organisations choose to work with Sovos to ease their IPT compliance workload and for tax peace of mind. We spoke to Neal Bazeley, supervisor of client money about Sovos’ solution for IPT compliance […]

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E-Commerce VAT Compliance Outside the EU – Low Value Goods
E-Commerce VAT Compliance Outside the EU – Low Value Goods

E-businesses have recently been dealing with the change of rules within the EU with the introduction of the E-Commerce VAT Package but it’s also important to ensure compliance requirements are being met globally. In this blog we look at some of the low value goods regimes that have been introduced over the last few years […]

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Meet the Expert Rahul Lawlor, Senior Compliance Services Representative - IPT
Meet the Expert: Rahul Lawlor, Senior Compliance Services Representative – IPT

Meet the Expert is our series of blogs where we share more about the team behind our innovative software and managed services. As a global organisation with indirect tax experts across all regions, our dedicated team are often the first to know about new regulatory changes and the latest developments on tax regimes across the world, […]

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Update European Union Reduced VAT Rates Adopted
Update: European Union Reduced VAT Rates Adopted

On 5 April 2022, the EU Council formally adopted changes to the current rules governing reduced VAT rates for goods and services. These amendments to the VAT Directive were published in the Official Journal of the EU on 6 April 2022 through Council (EU) Directive 2022/542 of 5 April 2022 and are effective immediately. The […]

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Norway Considers Applying VAT to Cross-Border Non-Digital Services
Norway: Cross-Border VAT Updates

Update: 31 January 2023 by Lorenza Barone Norway extends VAT obligation to Cross-Border Non-Digital Services Norway’s Ministry of Finance has updated legislation involving remotely deliverable services by foreign suppliers. This is effective from 1 January 2023. In 2022, the Ministry proposed to amend the Norwegian VAT Act regarding cross-border business-to-consumer (B2C) sales of non-digital services. […]

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sales tax notice
United States, Australia and New Zealand: E-Invoicing Reforms

The global trend in the e-invoicing sphere for the past decade has shown that legislators and local tax authorities worldwide are rethinking the invoice creation process. By introducing technologically sophisticated continuous transaction control (CTC) platforms tax authorities get immediate and detailed control over VAT, which has proven a very efficient way to reduce the VAT […]

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Italy Expands its E-invoicing Mandate
Italy Expands its E-invoicing Mandate

The Italian government has taken important steps to broaden the scope of its e-invoicing mandate, more specifically by widening the scope of taxpayers subject to electronic invoice issuance and clearance obligations, starting 1 July 2022. On 13 April 2022, the draft Law-Decree, known as the second part of the National Recovery and Resilience Plan (Decreto […]

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The EU E-Commerce VAT Package – What Have We Learned Nine Months On?
The EU E-Commerce VAT Package – What Have We Learned Nine Months On?

It’s been just over nine months since the introduction of one of the biggest changes in EU VAT rules for e-commerce retailers, the E-Commerce VAT Package extending the One Stop Shop (OSS) and introducing the Import One Stop Shop (IOSS). The goal of the EU E-commerce VAT Package is to simplify cross-border B2C trade in […]

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Croatia: Adoption of the Euro
Insurance Premium Tax in Croatia

Last updated: 19 July 2023 Insurance Premium Tax in Croatia Under the Freedom of Services (FoS), Croatia currently levies an Insurance Premium Tax (IPT), Compulsory Health Insurance Contributions (CHIC) and Fire Brigade Charge (FBC) on the premium amounts of insurance policies written by EU and EEA insurance companies. In Croatia, IPT only applies to selected […]

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Streamlining VAT Reporting with OSS
Streamlining VAT Reporting with OSS

E-commerce continues to grow, and tax authorities globally have struggled to keep pace. Tax authorities developed many VAT systems before the advent of e-commerce in its current format and the evolution of the internet. Around the world this has resulted in changes to ensure that taxation occurs in the way that the government wants, removing […]

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Luxembourg Online IPT Filings - One Year On
Luxembourg Online IPT Filings – One Year On

Insurance Premium Tax (IPT) in Luxembourg moved to online filing from the first quarter 2021 submission. Alongside this, they also changed the authority deadline to the 15th of the month following the quarter. This change caused some upheaval as many insurance companies were already pulling data from the underwriting systems, reviewing the information (sometimes manually), […]

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Philippines Advances Towards Mandatory CTC Reporting
Philippines Advances Towards Mandatory CTC Reporting

The Philippines continues in constant advance towards implementing its continuous transaction controls (CTC) system, which consists of near real-time reporting of electronically issued invoices and receipts. On 4 April, testing began in the Electronic Invoicing System (EIS), the government’s platform, with six companies selected as pilots for this project. The initial move toward a CTC […]

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Why Government Mandated E-invoicing is Creating a New Reality for Businesses

Government mandated e-invoicing is continuing its proliferation across the globe as more and more governments are implementing always-on monitoring and enforcement for businesses operating within their jurisdictions. Businesses have been dealing with government mandates for some time, however, managing this new level of imposed transparency is forcing businesses to adapt to how they track and […]

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Poland Moves Towards Mandatory E-Invoicing with EU Derogation and E-Invoicing App Testing

Transition from voluntary to mandatory e-invoicing expected from 1 April 2023 From 1 January 2022, taxpayers have been able to issue structured invoices (e-invoices) using Poland’s National e-Invoicing System (KSeF) on a voluntary basis, meaning electronic and paper forms are still acceptable in parallel. Introduction of the KSeF system is part of the digital transformation […]

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