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
Category: Value Added Tax
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
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