Electronic Invoicing
Eastern European Jurisdictions: CTC update
Eastern European countries are taking new steps concerning the implementation of continuous transaction controls (CTC) systems to reduce the VAT gap and combat tax fraud.
Category: Tax Compliance
Tax Compliance
Will the Middle East be Next to Accelerate CTCs?
Over the past decade, the Middle East region has undergone impactful financial and fiscal changes. VAT was introduced as one of the solutions to prevent
Tax Compliance
E-Commerce VAT Compliance Outside the EU – Low Value Goods
E-businesses have recently been dealing with the change of rules within the EU with the introduction of the E-Commerce VAT Package but it’s also important
Tax Compliance
Norway: Cross-Border VAT Updates
Update: 31 January 2023 by Lorenza Barone Norway extends VAT obligation to Cross-Border Non-Digital Services Norway’s Ministry of Finance has updated legislation involving remotely deliverable
Electronic Invoicing
Italy Expands its E-invoicing Mandate
The Italian government has taken important steps to broaden the scope of its e-invoicing mandate, more specifically by widening the scope of taxpayers subject to
1099
Tax and Unclaimed Property for Mergers and Acquisitions
Mergers and acquisitions (M&A) have always been inherent in the financial institution landscape but have recently increased at an unprecedented pace. A recent Fortune.com article
Tax Compliance
The EU E-Commerce VAT Package – What Have We Learned Nine Months On?
It’s been just over nine months since the introduction of one of the biggest changes in EU VAT rules for e-commerce retailers, the E-Commerce VAT
Tax Compliance
Streamlining VAT Reporting with OSS
E-commerce continues to grow, and tax authorities globally have struggled to keep pace. Tax authorities developed many VAT systems before the advent of e-commerce in
IPT
Luxembourg Online IPT Filings – One Year On
Insurance Premium Tax (IPT) in Luxembourg moved to online filing from the first quarter 2021 submission. Alongside this, they also changed the authority deadline to
Electronic Invoicing
Philippines Advances Towards Mandatory CTC Reporting
The Philippines continues in constant advance towards implementing its continuous transaction controls (CTC) system, which consists of near real-time reporting of electronically issued invoices and
Tax Compliance
The Latest RUUPA Updates
This blog was updated on January 25, 2023. On July 13, 2016 the Uniform Law Commission (ULC) approved its drafting committee’s final draft of the
Tax Compliance
Key Statutory Accounting and Reporting Changes for 2022
With the annual 2021 statutory filing season behind us, the focus now is on 2022 with all the accounting and reporting changes that it will
Electronic Invoicing
Tax Reform in Brazil
Update: 12 September 2023 by Robson Satiro de Almeida Tax Reform in Brazil: Simplification Statute Published Recent developments in Brazil indicate changes on the horizon,
Tax Compliance
Optimising Supply Chain Management: Setting up an EU Warehouse
In our earlier article, Optimising Supply Chain Management: Key B2B Import Considerations, we looked at the possibility of UK suppliers establishing an EU warehouse to
Electronic Invoicing
VAT in the Digital Age: Part III – VAT and the Platform Economy
In the European Union, the VAT rules around supplies of goods, as well as ’traditional’ two-party supplies of services, are well-defined and established. Peer-to-peer services
Electronic Invoicing
Paraguay’s New E-invoicing System: All Updates You Need To Know
Update: 05 January 2023 by Andres Landerretche More taxpayers join the Electronic Invoicing System of Paraguay (SIFEN) Since Paraguay started implementing its National Integrated System
News
Romanian E-Transport System Details Announced
Governments throughout the world are introducing continuous transaction control (CTC) systems to improve and strengthen VAT collection while combating tax evasion. Romania, with the largest
Sales & Use Tax
3 Sales Tax Considerations for Wedding Season
What does wedding season have to do with sales tax? Depending on the products and services your business offers, there could be more involved than