Electronic Invoicing
VAT in the Digital Age: Part II – VAT Reporting and E-invoicing
The European Commission’s “VAT in the Digital Age” initiative reflects on how tax authorities can use technology to fight tax fraud and, at the same
Category: Tax Compliance
Tax Compliance
UK – April VAT Updates
Making Tax Digital for VAT – Expansion Beginning in April 2022, the requirements for Making Tax Digital (MTD) for VAT will be expanded to all
Electronic Invoicing
Belgium Expands B2G Mandatory E-Invoicing – Will B2B Come Next?
In November 2021, a Draft Royal Decree was published by the Chancery of the Prime Minister of Belgium, aiming to expand the scope of the
Tax Compliance
Five Tips for Stress-free IPT Registrations
Registering for Insurance Premium Tax (IPT) with tax authorities across Europe can be challenging and complex, particularly when multiple territories are involved. There are many
Electronic Invoicing
European Parliament Recommends Harmonising E-invoicing Across the EU
On 10 March, the European Parliament (EP) adopted a Resolution to the Commission’s Action Plan on fair and simple taxation supporting the recovery strategy, which
Electronic Invoicing
Poland’s E-Invoicing System: Latest Developments
Poland has been moving towards introducing the CTC framework and the system, the Krajowy System e-Faktur (KSeF), since early 2021. As of 1 January 2022,
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
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