Tax Compliance
Tax IDs and List Checks: The New Trend
VAT gaps can generally be found in countries that collect indirect taxes. This hiatus has led many tax administrations to implement Continuous Transaction Controls (CTCs),
Category: Value Added Tax
Electronic Invoicing
Turkey: Penalties for Noncompliance with the Mandatory Electronic Document Framework
For rules to carry any real weight, the rule-maker must combine compliance with that rule with either a carrot or a stick. In the field
Tax Compliance
Different Class: New Varying Approaches to Customs Administration from UK and EU
A touch of CLASS: simplifying access to customs tariff data CLASS – short for Classification Information System – is the new single point access search
Electronic Invoicing
Greece: myDATA law is published as e-invoicing incentives are released
myDATA updates On 22 June, the joint Ministerial Decision that sets forth the myDATA framework was published. The decision specifies, among other things, the scope
Tax Compliance
Industry First: Businesses and Government Partner on New Digital VAT Compliance Principles
For the first time in history, international business and governments have come together. Their aim was to define and agree a guiding set of principles
Value Added Tax
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
Value Added Tax
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
Electronic Invoicing
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
Electronic Invoicing
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
Electronic Invoicing
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
News
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
Electronic Invoicing
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
Electronic Invoicing
Turkey’s Transition Conditions for E-ledger
On October 19, 2019, the Turkish Revenue Administration (TRA) published a communique making the e-ledger application mandatory for e-invoice users, companies subject to an independent
Regulatory Analysis
The Future of VAT in Northern Ireland
As negotiations to determine the future relationship between the EU and UK beyond the end of the transition period resume, after a COVID-19 initiated pause,
Electronic Invoicing
Albania’s New Tax Reform: Fiscalization
Following the trailblazing efforts by countries such as Italy, Hungary and Spain, this past year has seen an increase in European countries announcing digital tax
Global Tax Determination
Sovos Acquires Taxweb, Extends Tax Determination Capabilities in World’s Most Challenging Compliance Landscape
Earlier this month Sovos announced its second acquisition of 2020, completing our solution for Brazil with an unparalleled offering that solves tax compliance in the
Electronic Invoicing
Deadline Looming for Turkey’s E-delivery Note Mandate – are you Ready?
Following the successful implementation of the e-invoicing mandate that has gradually expanded its scope, Turkey introduced a new mandate to track the movement of goods
News
European Commission Proposes Delay of Six Months for E-commerce VAT Package
On Friday 8 May, the European Commission (EC) published a legislative proposal to delay implementation of the e-Commerce VAT Package by six months due to