Tax Compliance
Audio blog: Brazil E-Invoicing: New rules on NF-e invoices
Brazil E-Invoicing: New rules on NF-e invoices Although Brazil is known for its complex tax laws that make compliance a difficult task in the country,
Category: Tax Compliance
Electronic Invoicing
E-invoice Data Reveals the Impact of COVID-19 on Brazil’s Economy
Increased visibility into, and control over, taxpayer financial and trade data is the key benefit highlighted by governments that have introduced continuous transaction controls (CTC)
IPT
Tax compliance for insurers intensifies – the cost of getting it wrong
Tax authorities have increased their focus on the insurance industry to ensure Insurance Premium Tax (IPT) and parafiscal taxes are collected correctly, accurately, and on
Tax Compliance
Croatia’s fiscalization system: Cash transaction monitoring made easier
Croatia was one of the first countries in the world to introduce a real-time reporting system for cash transactions to the tax authority. Known as
1099
How to Navigate Increased Crypto Tax & Compliance Obligations in 2021
“Regulation always follows innovation, and sometimes, in democracies, it follows a little further behind other jurisdictions.” – Chris Giancarlo, CFTC Chairman Regulators at the IRS,
Tax Compliance
Norway’s New 2022 VAT Return: Detailed and Digital
The Norwegian tax authority’s project for modernising VAT, the MEMO-project, has announced a new digital VAT return. It will take effect from the beginning of
IPT
Spain: IPT Increase and Transmission Measures
The new rate for Insurance Premium Tax (IPT) was published in the Spanish Gazette (BOE) on 31 December 2020. It increases from 6% to 8%.
Electronic Invoicing
Saudi Arabia Publishes Draft Rules for E-invoicing
The General Authority of Zakat and Tax (GAZT) has published draft rules for the controls, requirements, technical specifications and procedural rules for implementing the provisions
1099
1099-K Reporting Requirements: Threshold Changes From Stimulus Bill
President Biden signed the American Rescue Plan Act of 2021 which included a variety of provisions aimed at helping Americans get through the aftermath of
IPT
IPT Regulation Changes in Europe for 2021
2021 sees several significant regulation changes for insurers when complying with insurance premium tax (IPT) across Europe. These include a new reporting system, an IPT
Electronic Invoicing
Albania: Updated CTC System Roll-out Timeline and Further Details Published
Following the introduction of ‘fiscalization’, Albania’s Continuous Transactions Controls scheme (CTC), in early 2020, the Albanian government published more information about the CTC system and
Electronic Invoicing
From Tax Control to Tax Collaboration: Russia’s Pioneering a New Approach
The trend of real-time data collection as a tax control mechanism by tax authorities across the world is not much of a surprise now, quite
Tax Compliance
Are New VAT Rate Freedoms Coming for EU Member States in 2022?
The EU is re-considering plans to give its Member States more freedom to determine which goods and services should be subject to reduced rates in
1099
More Changes to Form 1042-S
Another January – arguably the busiest month of the tax season – has ended. Tax reporting professionals were consumed with issuing (and filing, in some
Electronic Invoicing
Turkish Revenue Authority Publishes New Rules for e-Documents
Back in July 2020, the Turkish Revenue Authority (TRA) published a Draft Communique including several amendments to existing e-document regulations. Very recently, on 9 February
Electronic Invoicing
Facts to know about the 2021 e-document transition in Turkey
2020 was significant for the mandatory transition to e-transformation applications following the General Communique issued by the Turkish Revenue Administration (TRA). 2021 will be a
Electronic Invoicing
Brazil introduces new rules for NF-e invoices
Although Brazil is known for its complex tax laws that make compliance a difficult task in the country, it is undeniable that the Continuous Transaction
Electronic Invoicing
Poland is moving fast: CTC e-invoicing draft law available for public consultation
The Polish Ministry of Finance has now published the draft act introducing e-invoicing via the national platform (Krajowy System e-Faktur – KSeF, or National System