Value Added Tax
Import One Stop Shop Expanded Under ‘ViDA,’ ‘Customs Reforms’ Packages
In the last year, the European Commission has put forward two proposals, the “VAT in the Digital Age” and the “EU Customs Reform,” which could significantly
Category: Value Added Tax
Value Added Tax
VAT in the Digital Age (ViDA) Potentially Delayed
In 2022, the European Commission published its “VAT in the Digital Age” initiative (ViDA), which would make widespread changes to current VAT rules under Council
Value Added Tax
Greece’s VAT reform: What you need to know
Greece’s VAT reform started back in 2020 and it has manifested itself in three continuous transaction control (CTC) initiatives. Namely, the initiatives are: myDATA e-audit
Value Added Tax
Regulatory Compliance: Cost or Opportunity Center?
As a business, complying with local laws, rules and mandates is not optional, but a requirement to operate. Achieving this takes resources: human, technical and
Value Added Tax
5 Reasons Point Solutions Don’t Equal Compliance Management
Credit.org recently released an excellent article on the five dangers of credit card use. In reviewing the factors that author Melinda Opperman puts forth, it
Value Added Tax
VAT in the Digital Age – Union One Stop Shop (OSS) Expansion
Entering into force on 1 January 2025, the EU Commission’s VAT in the Digital Age (ViDA) proposals have been introduced in an effort to modernize
Value Added Tax
Intrastat Thresholds: Current Exemption Values
Intrastat thresholds are value thresholds which decide if companies in an EU Member State qualify to file a return to tax authorities, based on their
Value Added Tax
Intrastat Guide: Reporting, Numbers, Thresholds
Intrastat is an obligation created in 1993 that applies to certain businesses that trade internationally in the European Union. Specifically, it relates to the movement
Value Added Tax
OSS VAT Returns: Deadlines, Exclusions and Penalties
Sovos’ recent observations of audits by EU Tax Authorities are that Tax Officers are paying more attention to the contents of One Stop Shop (OSS)
Value Added Tax
How the ViDA Package Impacts Call-Off Stock Arrangements
The EU’s VAT in the Digital Age (ViDA) Package contains a wide range of proposals with far-reaching impacts. One of the areas impacted by these
Value Added Tax
Understanding ViDA Proposed Changes to Reverse Charge Rules
The European Commission, as part of its VAT in the Digital Age project (ViDA), is proposing to modify reverse charge rules for non-established suppliers. These
Value Added Tax
Bizkaia: What is Batuz LROE?
The Ledger of Economic Operations (Libro Registro de Operaciones Económicas), also known as LROE, is a main compliance element of the Batuz tax control system.
Value Added Tax
VAT and Art: What you need to know
Significant inflation increases have impacted most of the world’s economies, with the UK still above 10% in 2023. This increase means a reduction in the
Electronic Invoicing
France e-invoicing and e-reporting: choosing the right PDP
5 Questions to Ask Yourself Important Note: The Finance Law for 2024 is presently in draft form and remains subject to ongoing modifications prior to adoption. Our blog, France:
LatAm Compliance
Argentina: New Perception VAT Regime on Sale of Food and Products for Human Consumption
Argentina has recently expanded its perception VAT (Value Added Tax) collection regime to ensure efficient tax administration. It has included selling food and other products
Value Added Tax
Guide to France’s Partner Dematerialization Platform (PDP)
Important Note: The Finance Law for 2024 is presently in draft form and remains subject to ongoing modifications prior to adoption. Our blog, France: B2B
Value Added Tax
What items are exempt from VAT?
It’s essential to stay on top of your company’s VAT requirements. This requires sound knowledge of the rules and what authorities expect of businesses. This
Value Added Tax
VAT in the Digital Age for the Single VAT Registration
The EU Commission’s VAT in the Digital Age proposals include a single VAT registration to ease cross-border trade. Due to enter into force on 1