Value Added Tax
What is a VAT Health Check?
At Sovos, our consultants are the leading experts in cross-border tax, saving both time and money for our customers. In this episode of the Sovos
Category: Value Added Tax
Value Added Tax
Brexit One Year On – What Do We Know?
The Northern Ireland Protocol regarding goods moving from Great Britain to Northern Ireland continues to cause problems, leading to calls to suspend it via Article
Electronic Invoicing
Eastern Europe: The Rise of CTCs
In a blog post earlier this year, we wrote about how several Eastern European countries have started implementing continuous transaction controls (CTC) to combat tax fraud and
Value Added Tax
Understanding IOSS – EU E-Commerce VAT Package FAQs
The EU e-commerce VAT package was introduced in July 2021. The new schemes, One Stop Shop (OSS) and Import One Stop Shop (IOSS) bring significant
Value Added Tax
New European Union Reduced VAT Rates Approved
The EU Council approved a proposed directive to amend rules governing reduced VAT rates at the ECOFIN meeting held on 7 December 2021. The new
Value Added Tax
How Union One Stop Shop Impacts Other Declarations
The EU e-Commerce VAT Package is nearly six months old and businesses should have submitted their first Union One Stop Shop (OSS) return by the
Electronic Invoicing
Poland’s E-Invoicing Reform: Overview of KSeF System
Since earlier this year, when the first draft continuous transaction controls (CTC) legislation was published in Poland, there’s been good progress in the development of
Value Added Tax
Mexico: Carta Porte 2.0
On 1 May 2021, the Mexican tax administration (SAT) enacted a new requirement via the new Bill of Lading Supplement (locally known as Complemento de
Value Added Tax
Union OSS – Don’t be Late Registering for the EU VAT Scheme
E-commerce in the EU saw a VAT revolution on 1 July 2021, introducing the e-commerce VAT package. One of the package’s aims is to
Electronic Invoicing
The Future of E-Invoicing in Europe
Several EU Member States have been introducing continuous transaction controls (CTCs), aiming to close their VAT gaps, increase revenue and have more control over the
Value Added Tax
Sovos Expands VAT Determination Capabilities for Customers with Complex Supply Chains
Earlier today, Sovos announced the acquisition of TLI Consulting, a German company that serves companies with transaction and tax determination needs that are too complex
Tax Compliance
Norway – 2022 Digital VAT Return Coming Soon
As we inch closer to the implementation date of 1 January 2022 for Norway’s new digitized VAT return, let’s take a second look at the
Value Added Tax
France: Two New Declarations to Replace the DEB
As of 1 January 2022, the Declaration of Exchange Goods (DEB) will be replaced by two new declarations, a statistical survey and a VAT summary
Value Added Tax
Spain: New Timelines for the Adoption of TicketBAI in the Basque Country
The Provincial Council of the Gipuzkoa region in the Basque Country recently published Foral Order 608/2021. This establishes the schedule for adopting the TicketBAI (TBAI)
Value Added Tax
Analysis: The Import One Stop Shop (IOSS) Four Months On
The European Commission (EC) introduced the Import One Stop Shop (IOSS) on 1 July 2021 to simplify the accounting for VAT on goods imported into
Tax Compliance
Romania SAF-T: New Guidance for Submission Deadlines
In previous blogs, we’ve taken a deep dive into Romania’s new SAF-T requirements. In the latest guidance released this week, the tax authority has provided
Electronic Invoicing
Turkey Expands Scope of E-Documents
The Turkish Revenue Administration (TRA) published a Draft Communique that includes significant changes to the Tax Procedure Law General Communique No. 509, which initially aimed
Tax Compliance
E-Factura – Romania’s New E-invoicing System
In March 2020, Romania launched an e-invoicing pilot program, e-Factura, to streamline the collection of taxes to improve and strengthen the collection of VAT whilst