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What is a Tax Identification Number (TIN) and Why is it Important?
Having the correct Tax Identification Number (TIN) is essential when filing W-2s, 1099s and ACA forms. The nine-digit number could be a Social Security Number
Category: Tax Compliance
Tax Compliance
Form 1042-S Basics for AP Professionals
When it comes to reporting payments to non-United States taxpayers, there is one form to rule them all – Form 1042-S. There are over 30
Tax Compliance
VAT in the Digital Age: VAT treatment of the platform economy
The European Commission’s VAT in the Digital Age initiative brings significant modifications to the VAT treatment of the platform economy related to the operators in the short-term
Tax Compliance
Four Pillars of a Strong Technology Match
There are many technology vendors out there promising you the world. With a technology vendor partnership, those miracle solutions to all your business needs are
Tax Compliance
Invoicing in Chile – foreign currency exchange operations
Invoicing in Chile is changing on 1 December 2022. This is when resolution 66 from the Chile Internal Revenue Service comes into force. This new
Electronic Invoicing
Billing SAF-T in Portugal: A New Obligation for Non-Residents
Portugal’s state budget entered into force on 27 June 2022 after protracted negotiations. The budget contained an interesting provision: the obligation to present invoice details to the tax authorities was extended to all VAT-registered taxpayers including non-resident taxpayers
Tax Compliance
Switzerland Introduces QR Bill to Increase Automation of Payment Data
Switzerland along with other countries, such as Portugal and India, is endeavoring to support automation in financial processes without introducing structured invoice files. The method
Tax Compliance
The Rise of E-Transport Documents and The Hungarian Approach: EKAER
Many countries have recently started their continuous transaction controls (CTC) journey by introducing mandatory e-invoicing or e-reporting systems. We see more of this trend in the
Electronic Invoicing
Poland Proposed Amendments to the KSeF Regulation
On 30 August 2022, the Ministry of Finance published draft legislation amending the Regulation on the use of the National e-Invoice System (KSeF). The purpose
Tax Compliance
Customer as Importer – EU VAT Compliance Implications
For the UK and other non-EU businesses it’s vital to determine the importer of the goods into the EU as this will impact the VAT
Electronic Invoicing
Colombia: Draft Law Proposes Expansion of E-invoicing Scope
The Colombian tax authority (DIAN) continues to invest in the expansion of its CTC (continuous transaction controls) system. The latest update proposes an expansion of
Tax Compliance
Upcoming Changes to UK’s Customs Systems
It seems such a short time since HMRC sent a reminder letter in March 2022 recalling the upcoming changes to the UK’s customs systems and
Electronic Invoicing
Colombian E-invoicing: Latest Mandates
Update: 14 February 2023 by Andrés Landerretche Colombian e-invoicing Update: P.O.S. Tickets Threshold Rules Now in Force As of February 2023, new rules came into
Tax Compliance
Romania Extends SAF-T Filing Grace Period
Update: 30 November 2022 by Charles Riordan ANAF Reverses Position on Grace Period Extension Romania SAF-T Filing declarations are changing. The draft order extending the
Tax Compliance
Italian Import Documents Become Electronic
The Italian Customs Authorities recently updated their national import system by applying the new European Union Customs Data Model (EUCDM). These new changes came into
Electronic Invoicing
India: New Taxpayers to Comply with E-invoicing Rules
As previously predicted by Sovos, the threshold for implementing mandatory e-invoicing has been lowered by the Indian authorities. According to the Central Board of Indirect
Tax Compliance
New EU Brexit Infringement Procedures
On 22 July, the EU Commission opened four new infringement proceedings against the United Kingdom for allegedly breaching the 2021 Northern Ireland Protocol on conditions
Tax Compliance
Tax Authority Data Collection and the Analytics Behind It
Data is one of the most valuable assets of companies and individuals. Data gathered, cleaned and analysed well enables businesses to realise their utmost capabilities.