Value Added Tax
Post-Brexit: UK Postponed Import Accounting for VAT
If you listen carefully, you can hear the tick tock of the Brexit clock growing ever louder. As 31 December looms into view, there’s lots
Category: Value Added Tax
Electronic Invoicing
China Adopts Pilot Programme for B2B E-Invoices
In September, the Ningbo Municipal Taxation Bureau (NMTB) of the State Taxation Administration (STA) announced a pilot programme enabling selected taxpayers operating in China to
Value Added Tax
UK Border Controls Post-Brexit – What you Need to Know About Importing Goods
The final date in the Brexit calendar is fast approaching. Whatever the outcome of negotiations, one thing is clear – there’ll be significant changes to
Value Added Tax
Goods, Services, and VAT Recovery Post Brexit – What do Businesses Need to Know?
The sands of transition period time are draining away. As we edge ever closer to the final Brexit deadline, there are a raft of VAT
Electronic Invoicing
Greece last-minute change: myDATA now live as pilot for 2020
On the actual go-live date of the Greek myDATA (my Digital Accounting and Tax Application) reporting framework, the Greek authorities published a decision introducing last-minute
Value Added Tax
Oman to Introduce VAT
Oman is on its way to introduce VAT. After the approval of the State Council and the Shura Council the draft law was sent for
Value Added Tax
Three Key Reasons to Appoint a VAT Compliance Managed Service Provider
With a VAT gap across EU countries estimated at €140 billion in 2018, tax authorities are continuing to take steps to boost revenues, increase efficiency
Value Added Tax
Mexico: Changes to VAT Obligations, E-Signature, and E-Invoicing
Part 2: Main Aspects of the 2nd Modification of the Miscellaneous Fiscal Resolution for 2020 In addition to the provisions related to digital services explained
Value Added Tax
Mexico: Changes for Digital Services Suppliers
Part 1: Main Aspects of the 2nd Modification of the Miscellaneous Fiscal Resolution for 2020 The Mexican Tax Administration (SAT) released the second modification of
Tax Compliance
A New EU Country Code on the Horizon for Northern Ireland
Since 31 January 2020, the UK is officially no longer part of the EU but is considered a third country to the union although EU
News
EC Considers Indirect Carbon Tax for Carbon Border Plan
The European Commission recently opened a public consultation on a carbon border adjustment mechanism (CBAM) to maximise the impact of tax in meeting the EU’s
Value Added Tax
New EU Tax Package: VAT Priorities
On 15 July 2020, the European Commission (EC) adopted a new Tax Package, intended to increase tax compliance while reducing administrative burden on businesses. The
Electronic Invoicing
India: Last-Minute Changes to the Proposed E-Invoicing System
The October deadline is fast approaching for the Indian CTC invoicing mandate, but it remains a moving target. In a swift move that was published
Value Added Tax
Building a VAT Roadmap for 2021 and Beyond
At a time when the global VAT landscape is undergoing significant change, we teamed up with Shared Services Link to understand more about the key
Value Added Tax
The Trend Continues – BEPS Action Plan 1 Accelerates Globally
Addressing Base Erosion and Profit Shifting (BEPS) has been a key priority of governments around the world. The Organisation for Economic Co-operation and Development (OECD)
Electronic Invoicing
Asia: E-invoicing Developments Across the Region
The world has witnessed how several Latin American countries have successfully adopted e-invoices to replace paper versions and close VAT gaps – the difference between
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),
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