Tax Compliance
Pre-Filled VAT Returns: The State of Play in 2023
Update: 22 January 2024 by Tânia Rei Pre-Filled VAT Returns: Updates in 2024 In recent years, tax authorities worldwide have embraced digital transformation to streamline
Category: Tax Compliance
IPT
Preparing for Greece’s Annual IPT Report
With a new month comes yet another report due in the Insurance Premium Tax (IPT) sphere. Insurance companies covering risks in Greece must report their
Tax Compliance
Optimizing Supply Chain Management: Key B2B Import Considerations
Many businesses will now be involved in “cross border” transactions meaning that a business in one territory will sell and, often, deliver goods to a
Tax Compliance
Ireland’s Insurance Premium Tax Moves Online
IPT in Ireland reflects the dynamic shifts in the global tax landscape. With an increasing number of tax jurisdictions adopting electronic filings, Ireland has joined
Electronic Invoicing
Australia Boosts B2B E-invoicing
Unlike many other country initiatives that we have seen in the e-invoicing space recently, Australia does not seem to have any immediate plans to introduce
IPT
How Insurers Can Prepare for Annual Reporting Requirements in Italy
Annual reporting requirements vary from country to country, making it complex for cross-border insurers to collect the data required to ensure compliance. Italy has many
IPT
How to Navigate the Complexities of Travel Insurance Tax
Insurance is a dynamic sector in constant flux to accommodate with insured’s needs. An increase in holidays abroad following WWII saw the need for Assistance
Electronic Invoicing
Vietnam: E-invoicing Roll-Out in July 2022
During the last decade, the Vietnamese government has been developing a feasible solution to reduce VAT fraud in the country by adopting an e-invoice requirement
IPT
Determining Location of Risk: Health Insurance
Identifying the Location of Risk in the case of health insurance can be a tricky subject, but it’s also crucial to get it right. A
Electronic Invoicing
Saudi Arabia: ZATCA Announces Revised Penalties for Non-compliance with VAT and E-invoicing Rules
On 30 January 2022, the Zakat, Tax and Customs Authority (ZATCA) published an announcement on its official web page concerning penalties for violations of VAT
Electronic Invoicing
Turkey Expands Scope of E-Documents
Towards the end of 2021, the tax authority in Turkey published a draft communique that expands the scope of e-documents in Turkey. After minor revisions,
Tax Compliance
Audio Blog: SAF-T Romania is live for large taxpayers
Romania’s new SAF-T mandate was implemented for large taxpayers on 1 January 2022. Following the release of specifications in 2021 and subsequent testing phase, information
Tax Compliance
Audio Blog: Sovos’ 13th Annual Trends Report
Sovos’ 13th annual Trends report takes an in-depth look at the world’s regulatory VAT landscape. Governments globally are enacting new policies and controls to close
Electronic Invoicing
Latest Updates in Romania: B2B E-invoicing Mandate for High-risk Products and E-transport System
With the most significant VAT gap in the EU (34.9% in 2019), Romania has been moving towards introducing a continuous transaction control (CTC) regime to
1099
More Changes to Form 1042-S
No matter the size of the business, the tax season kicked off this past month with tax reporting professionals tackling the massive task of issuing
IPT
IPT Compliance in Slovakia
We’re addressing Insurance Premium Tax (IPT) compliance in different countries. Written by our team of IPT and regulatory specialists, this guide is packed full of
Electronic Invoicing
Eastern Europe: The Rise of CTCs
In a blog post earlier this year, we wrote about how several Eastern European countries have started implementing continuous transaction controls (CTC) to combat tax fraud and
Tax Compliance
How to Manage VAT Changes
In our previous blog, we completed the compliance cycle with tax authority audits. However, that’s not the end of the challenges businesses face in remaining