Most companies probably don’t understand the risks associated with unclaimed property, but they can be significant. In this eBook, learn:

• What unclaimed property is and why it presents risks
• How to manage state-by-state unclaimed property regulations
• How to deal with unclaimed property compliance efficiently and effectively 

From 1 July 2021, the existing Mini One Stop Shop (MOSS) scheme transitions to a new framework. This is the 2021 EU e-commerce VAT package.  This e-book guides you through the EU’s OSS, IOSS and the new VAT rules for e-commerce.

The growth of e-commerce and cross-border trade is having a radical effect on VAT. Companies large and small are caught up by sweeping changes. With more change on the horizon, now is the time to prepare.

The introduction of the new EU VAT e-commerce package, in addition to the UK’s recent changes to the rules regarding overseas goods sold to customers in the UK, means businesses across the world should implement new systems. Now is the time to familiarise themselves with how the new frameworks affect their operations, commercial position and liabilities in both the EU and the UK.

As an early adopter of the ‘clearance model’, Turkey positions itself as one of the leading countries in the world when it comes to tax digitisation. For more than a decade the Turkish Revenue Authority (TRA) has successfully collected real-time financial data from businesses ensuring the effectiveness of its VAT enforcement system.  

With data is becoming more precious than oil and technology, it has transformed global market dynamics across all sectors, and has changed the way businesses operate today.   

Data is also transforming the way governments reduce their VAT gap. 

Starting almost two decades ago, the first clearance models were introduced by the tax authorities in Latin America with real-time or near real-time reporting. Governments around the world have since become much bolder in introducing structural changes to the way they regulate and enforce VAT, and often at short notice. Turkey is no exception. 

The TRA continue to evolve the scope of its VAT control framework. Navigating this ever-changing and evolving transformation is a challenge for all companies trading in Turkey.   

Download this e-book if you are:  

• A Turkish company with operations exceeding the mandated limits from TRA 
• An International company with operations in Turkey  

The real value of VAT within tax compliance shouldn’t be underestimated.  It’s one of the fastest growing and rapidly changing indirect taxes for finance teams globally.  And, as it’s a transactional tax, errors can’t be easily corrected so the consequences of errors can be far reaching from impacting supply chains, to increased audits, fines, lost revenue and reputational damage.

In recent years, the spotlight on VAT noncompliance has grown ever brighter. Tax administrations worldwide are turning their attention to the VAT gap. In Europe alone the VAT gap sits at €140 billion.

VAT is gaining in importance. Compliance is consequently becoming more complex and intrusive into core financial and physical supply chains.  For these reasons, it’s a tax which must be given a much higher position on any finance director’s agenda than before.

This guide addresses:

• The role of systems and business processes for VAT
• The crucial interaction between finance, tax teams and IT departments
• Risks and challenges of the international landscape – risks and mitigation
• The possibilities for automation or outsourcing support to meet VAT compliance obligations

Brazil has long been known for its diverse and rapidly changing regulatory environments. New tax laws are continuously being introduced and current laws are often amended without notice. For businesses trying to navigate this landscape it can be challenging, frustrating and even costly. Perhaps what is needed is a new approach to tax. This Ebook guides you through the process of transforming your approach to tax in Brazil.

As a product or a service that is subject to VAT moves along the supply chain, transactions are documented, allowing the government to verify whether VAT was introduced at each step correctly through an audit.

While VAT is great in theory, it can leave massive holes in practice. Even though documentation might be out there, verifying the reliability of that documentation at every step in the supply chain based on aggregate periodic reports, paper-based records, and auditing companies’ diverse accounting systems is an almost impossible job for millions of supply chains around the world.

Read the article.

Achieving sales tax compliance is a complicated process that is growing more complex by the day. Every new regulation, law and rule must be accounted for or you run the risk of being audited. There are several steps in the process that must be accounted for and managed correctly.

First, sales tax determination is something that every business should fully understand. If you don’t know how to determine sales tax, you are already at a disadvantage in trying to meet and maintain sales tax compliance. You are likely to either over or under charge a customer which can lead to problems with regulatory authorities either way. So, take the time to understand this process and get it right from the beginning.

Download the full ebook now.