IPT
How Insurers Can Prepare for Annual Reporting Requirements
Some European tax authorities require annual insurance premium tax (IPT) reports to be submitted for the calendar year in addition to regular monthly or quarterly
Category: Tax Compliance
Tax Compliance
Poland VAT Reporting: Draft Amendments to JPK_V7M/V7K Published
In Poland, the Ministry of Finance proposed several changes to the country’s mandatory JPK_V7M/V7K reports. These will take effect on 1 July 2021. The amendments
Electronic Invoicing
Saudi Arabia Publishes Final Rules on E-invoicing
The General Authority of Zakat and Tax’s (GAZT) previously published draft rules on ‘Controls, Requirements, Technical Specifications and Procedural Rules for Implementing the Provisions of
Tax Compliance
Romania SAF-T: Are You Ready for 1 January 2022?
It’s been more than a few years since Romania first toyed with the idea of introducing a SAF-T obligation to combat its ever-growing VAT gap.
Electronic Invoicing
Turkey: New Requirement to Notify the TRA About Objection Requests
The Turkish Revenue Administration (TRA) has published updated guidelines on the cancellation and objection of e-fatura and e-arsiv invoice. Two different guidelines are updated: guidelines
IPT
How to Navigate Marine Insurance IPT Treatment Across Europe
There are a variety of different approaches to Insurance Premium Tax (IPT) treatment for marine insurance across Europe. Before looking at how individual countries treat
Electronic Invoicing
The Electronic Payroll Mandate of Colombia
The electronic payroll in Colombia (Nomina Electronica) supports payroll related costs and deductions of income tax and the VAT credits.
IPT
IPT in Spain: An Overview
Update: 9 March 2023 by Hector Fernandez IPT in Spain is complex. Navigating the country’s requirements and ensuring compliance can feel a difficult task. Sovos
Electronic Invoicing
Mandatory Transition to E-Invoice and E-Arşiv Invoice Applications for Healthcare Organisations in Turkey
An amendment in the General Communiqué No. 509 has announced healthcare service providers and taxpayers providing medical supplies and medicines or active substances must use
E-archiving
Italy Postpones E-Document Legislation
In September 2020, Italy introduced major changes to the country’s rules on the creation and preservation of electronic documents. These new requirements were expected to
IPT
How to Avoid Errors in Fire Brigade Charge Reporting in Spain
The Spanish tax system is one of the most complex in Europe. This can bring a real challenge to insurance companies writing business in Spain
IPT
Reflection on Insurance Premium Tax Rate Increases – What’s Next for Europe?
It’s difficult to pinpoint exactly when new taxes or tax rate increases will happen. Covid-19 has impacted almost everything, including a massive deficit in the
E-archiving
Italy: A New Way to Report Cross-Border Invoices
When Italy introduced its mandatory e-invoicing system, cross-border invoices weren’t included in the scope of the reform. To introduce the mandate, Italy asked the European
Electronic Invoicing
Turkey: The Significance of Effective E-Transformation for Enterprises
Digitization has become more prevalent, especially because of COVID-19. Companies looking to improve efficiency via digital transformation are taking advantage of the benefits tax technologies
E-archiving
Italy: Understanding the New E-Document Legislation Requirements
In September 2020, the Agency for Digital Italy (AGID) introduced new requirements for the creation and preservation of electronic documents, which will be enforced from
Tax Compliance
Audio Blog: Saudi Arabia: The Gulf’s CTC Pioneer
Saudi Arabia will start its introduction of a new e-invoicing system from 4 December 2021. The mandate will require all taxable persons residing in the
Electronic Invoicing
EESPA Standard: E-Invoicing Compliance Definitions and Responsibility Allocation Framework
EESPA, the European E-invoicing Service Providers Association, recently published EESPA Standard Definitions for Legally Compliant Electronic Invoicing and their usage. This document aims to provide
Tax Compliance
Audio Blog: Brazil E-Invoicing: New Rules on NF-e Invoices
Brazil E-Invoicing: New rules on NF-e invoices Although Brazil is known for its complex tax laws that make compliance a difficult task in the country,