IPT
Applicability of IPT to Warranty Services
Italy: IPT Treatment on Used Vehicle Warranty Services On 21 May 2024, the Italian tax authority published a ruling (No. 110/2024) on the IPT treatment
Solution: VAT & Fiscal Reporting
Value Added Tax
Navigating VAT Audits: Key SAF-T Updates in Romania, Bulgaria and Poland
Tax authorities across Eastern Europe continue to move ahead with SAF-T adoption, with upcoming changes impacting VAT compliance requirements for businesses operating in the region.
E-archiving
E-invoicing Compliance: A Critical Component of Your Global SAP Strategy
This webinar will offer an overview of global e-invoicing mandates and demonstrate how integrating e-invoicing into your compliance strategy can streamline processes, ensure regulatory alignment,
Poland: SAF-Ts Updates (JPK_CIT/JPK_KR) Final Regulation Adopted
On August 16, 2024, the Polish Ministry of Finance (MoF) adopted the final version of the Regulation amending JPK_CIT, which introduces additional data to be
Ecuador: New Resolution Adds Requirements for Sales Receipts
Through resolution NAC-DGERCGC24-00000028, the SRI establishes the conditions, procedures and percentages of income tax withholding in the commercialization of concentrates and/or metal elements, as well
Value Added Tax
IPT Determination: Achieve More Accurate and Consistent IPT Calculations
Determining and calculating IPT liabilities in various regions can be challenging. Sovos IPT Determination is a compliance software designed to streamline Insurance Premium Tax (IPT)
Brazil VAT Compliance
Brazil VAT Compliance: An Overview for Businesses Brazil has plenty of tax rules and mandates to consider, but compliance doesn’t have to be strenuous. Knowing
Value Added Tax
Mastering Cross-Border Trade Compliance: Navigating EU Regulations and Tax Mandates
Cross-border trade requires navigating complex regulations, customs requirements, and tax laws – with compliance being essential to avoid costly penalties. Recent mandates in Romania highlight
Value Added Tax
Slovenia Proposes Mandatory B2B E-Invoicing and CTC E-Reporting
The Government of the Republic of Slovenia has released a draft proposal to implement mandatory e-invoicing and e-reporting for B2B and B2C transactions. This implementation
Finland: Standard VAT Rate Increase to 25.5% from September 1, 2024
Pursuant to bill HE 61/2024, the standard VAT rate in Finland increases from 24% to 25.5% effective from September 1, 2024.
Argentina: Update on Billing Amounts to Identify Final Consumers in Receipts
The tax authority updated the billing amounts that require detailed information about the receipt recipient when the recipient is the final consumer. This measure is
Vietnam: Extension of Temporary 8% Standard VAT Rate Reduction until December 31, 2024
Pursuant to Decree 72/2024/ND-CP as published on June 30, 2024, supplies of goods and services subject to the standard 10% VAT rate will continue to
Value Added Tax
Stay Ahead with ViDA – Mastering VAT Changes and Recovery Insights
Stay informed with the latest updates from the European Commission’s VAT in the Digital Age (ViDA) on the three pillars: * The real-time digital reporting
Oman: Postponement of e-Invoicing Rollout
The Sultanate of Oman Tax Authority announced the launch of a a VAT e-invoicing system in 2023. The plan to introduce mandatory B2B e-invoicing has been postponed to
Peru: The Tax Authority Issued Resolution to Postpone Sales and Income Registry and Purchase Registry
On July 21, 2024, the Peruvian Official Gazette published Superintendence Resolution No. 000145-2024. This resolution postpones the requirement for certain subjects to maintain the Sales
Malaysia: CTC Mandate Flexibilization
The Inland Revenue Board of Malaysia (IRBM) released a press note and updated documentation introducing a set of measures for the flexibilization of the upcoming e-invoicing obligation,
VAT Compliance Germany
VAT Compliance in Germany: An Overview for Businesses Tax compliance in Germany is fragmentary by nature and requires resources to ensure compliance. Consider that compliance
Ecuador: Tax Authority Will Apply Fines Up To $13,800 USD for Non-Delivery of Sales Receipts
Resolution No. NAC-DGERCGC24-00000022, published on June 10, 2024 in the Official Register Supplement No. 575, establishes the possibility of imposing penalties from $460 to $13,800