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Upcoming VAT Mandates – a Tax Technical or Technology Issue?

A new and growing reporting trend in Europe, despite the current pandemic, is the move towards more transaction-based reporting – also known as Continuous Transaction Controls (CTCs). In an economic climate where the protection of government revenue bases is more important than ever, we still see the continuing trend of mandates providing governments with more […]

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E-Delivery Note Usage Scenarios

The General Communiqué no. 509 (communiqué) established the date of transition to the e-delivery note application and the full scope of the mandate. Whilst the communiqué addressed the general use of the application and the basic practices, it didn’t contain all the information businesses require and although the FAQ and information from the Turkish Revenue […]

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E-invoicing Trends Across the Middle East and North Africa

The concept of e-invoicing as a vehicle for increased tax control and cost reduction, continues to spread into new areas of the world. The number of countries adopting e-invoicing regimes are rising in the Middle East and North Africa as both governments and businesses by now are well-aware of the benefits. While some countries in […]

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With Disruption at Unprecedented Levels, How is InsurTech Helping?

InsurTech companies are really getting their claws into the insurance industry. New products are coming to market, processes are being overhauled and end customers are benefiting from the positive disruption. From Zego’s flexible policies to By Miles pay-per-mile car insurance, new solutions are rewriting the rules of insurance to better serve customers. But are these […]

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Key Facts About Turkey’s E-Arşiv Invoice System

The era of paper invoices is coming to an end. With the e-arşiv invoice system, you can issue an electronic invoice, even to non-registered e-invoice taxpayers. This regulation enables companies to send invoices directly to the end-user via e-mail removing the need for paper invoices. Due to the official statement from the Turkish Revenue Administration […]

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Louisiana Local Sales Tax Rules for Remote Sellers Coming Into Effect

On July 1, 2020, new economic nexus laws will come into effect in Louisiana, requiring all remote sellers who meet certain sales thresholds to collect and remit all state and local sales taxes on their sales into the state. Wineries and retailers making direct-to-consumer (DtC) shipments of wine to Louisiana residents may be affected by […]

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VAT Rate Changes – Key Economic Lever or Just Another Burden for Businesses?

Throughout this year, one development we’ve seen substantially increase is the use of targeted VAT rate changes by governments around the world. Given the large proportion of transactions in an economy that attract VAT, these changes are used as a key tool in economic stimulation, especially as economies throughout Europe slowly start to re-open following […]

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In Focus: France’s IPT Landscape

France is usually known for the complexity of its insurance premium tax filing system with many parafiscal charges potentially applying to insurance premiums and with many overseas territories where IPT should be filed directly. Over the last decade, France has either introduced new taxes and contributions on insurance premiums or increased rates. Now, as for […]

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Greece: Focus on E-invoicing as MyDATA Bill is Signed

After a period of solid work around the myDATA framework, with little documentation left to implement the entire scheme in Greece, the IAPR has shifted its attention to e-invoicing. Last week the IAPR and the Ministry of Finance signed the long-awaited bill, which once turned into law will enforce the myDATA system within Greece. According […]

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Do You Need Your Own License to Ship Wine? The Answer is Yes.

This is a common question wineries face when entering the direct-to-consumer (DtC) market, and the answer is yes. In order to ship wine DtC, a winery needs to have a DtC shipper’s license. This can be challenging as the rules and requirements to obtain this license vary by state. Because of this, an increasing number […]

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A Lowered Federal 1099-K Threshold Gains National Attention

The Coronavirus pandemic revived a longstanding debate amongst lawmakers about what unemployment benefits to provide to independent contractors and how to decrease the underreporting of income. Chairman of the Senate Finance Committee’s Taxation and IRS Oversight Subcommittee, John Thune, believes simplifying tax requirements would ensure that self-employed workers report accurately, pay all taxes owed and […]

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India’s E-invoicing Mandate Deadline of October is Looming

Renowned for its diversity, India is taking the same approach to its e-invoicing framework.  There have been several changes and new possibilities included in the required processes and technical (“JSON”) invoice schema since e-invoicing was introduced. Such changes are unsurprising as many of the existing Continuous Transaction Controls (CTC) systems regularly bring new elements to […]

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Turkey: Which Documents Can Replace E-Delivery Notes?

From 1 July 2020, all taxpayers with revenue above 25 million TL in 2018 or subsequent years must switch to the e-delivery note system. E-invoice instead of e-delivery note With the deadline fast approaching, one of the questions on taxpayers’ minds is whether e-invoices can be used to replace e-delivery notes as paper invoices can […]

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Remember, COVID-19 Isn’t the Only Challenge Facing Insurers

The coronavirus pandemic’s full effect on insurance is yet to be revealed, however one thing is for certain, the shockwaves will be felt for years to come. Looking at the numbers, Lloyds of London have recently forecast that COVID-19 will cost the insurance industry £167bn globally this year resulting from claims related to the pandemic […]

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Granholm: 15 Years of Shipping Wine…and More

How much can change in fifteen years?  It was May 2005 when the U.S. Supreme Court issued a ruling in Granholm v. Heald, one of the most consequential beverage alcohol-related cases the Court has heard. The case challenged laws in Michigan and New York that permitted in-state wineries to make direct-to-consumer (DtC) shipments to their […]

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European Court Rules Against UK on VAT Treatment of Futures Trading

In the midst of ongoing negotiations following the UK’s exit from the European Union (EU), the Court of Justice of the European Union (CJEU) has ruled that the UK has impermissibly expanded the scope of its 0% VAT rate on futures trading.  And, that this has been occurring over a period spanning more than forty […]

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4 Steps to Get Started Shipping DtC

Direct-to-consumer (DtC) shipping of beverage alcohol products is a $3 billion dollar market that continues to grow annually. DtC shipping can be a great way to grow your business by reaching new audiences, expanding your customer base, and increasing your sales. But, before you can take advantage of this growing market, there are some steps […]

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Latin America: An Update on E-Invoice Requirements

In the field of global e-invoicing and tax control, most eyes have been focused on trailblazing initiatives in Asia, as countries such as India, Vietnam and Thailand look set to introduce new reforms in this area. However, even in the home of mandatory digital tax controls – Latin America – where mandatory clearance of B2B […]

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