IPT
Easing the Stress of IPT Filings
Insurance premium tax (IPT) deadlines – whether it’s month end, quarterly filing or end of year, can be stressful for insurance tax teams. Juggling regular
Category: Tax Compliance
IPT
Poland: Insurance Ombudsman Contribution
Update: 12 January 2024 by Edit Buliczka Upcoming Submission Deadline for Polish Claims Report The Polish Financial Ombudsman Office (Rzecznik Finansowy), like other regulatory bodies
Electronic Invoicing
Poland’s E-Invoicing Reform: Overview of KSeF System
Since earlier this year, when the first draft continuous transaction controls (CTC) legislation was published in Poland, there’s been good progress in the development of
Tax Compliance
How to Prepare for a VAT Audit
In our previous blog, we looked at the challenges that businesses face in submitting VAT and other declarations on an ongoing basis. However, the compliance
Tax Compliance
Norway – 2022 Digital VAT Return Coming Soon
As we inch closer to the implementation date of 1 January 2022 for Norway’s new digitized VAT return, let’s take a second look at the
IPT
IPT Compliance in Denmark
Continuing our blog series looking at specific IPT-related tax acts around the world, we head to Denmark. This insight is shared in Sovos’ Guide on
Electronic Invoicing
Your Questions Answered: Saudi Arabia E-Invoicing Mandate
In our recent webinar, the team at Sovos discussed the upcoming Saudi Arabia e-invoicing mandate. The webinar covered the finalised rules for Phase 1 of
Tax Compliance
Romania SAF-T: New Guidance for Submission Deadlines
In previous blogs, we’ve taken a deep dive into Romania’s new SAF-T requirements. In the latest guidance released this week, the tax authority has provided
Electronic Invoicing
Saudi Arabia: New Fines for Non-compliance with E-invoicing Rules
Phase 1 of the e-invoicing system will be live in less than three weeks. While many businesses are still implementing a solution, the Saudi tax
Electronic Invoicing
Turkey Expands Scope of E-Documents
The Turkish Revenue Administration (TRA) published a Draft Communique that includes significant changes to the Tax Procedure Law General Communique No. 509, which initially aimed
Tax Compliance
Romania E-Invoicing Mandates and Updates
Update: 8 November 2024 by Inês Carvalho Romania: Mandatory B2C e-reporting from 2025 The scope of electronic invoicing in Romania has been expanded to include
Tax Compliance
Filing VAT Returns and Other Obligations
In our previous blog, we looked at how businesses can determine their obligations when they’re registered for VAT in other countries. We will now focus
Tax Compliance
Romania SAF-T: Updated Guidance Released
In our last look at Romania SAF-T, we detailed the technical specifications released from Romania’s tax authority. Since then, additional guidance has been released including
IPT
IPT Compliance in Finland: 2021 Tax Filing Changes and the Introduction of the Suomi System
Insurance Premium Tax (IPT) is complex. For insurers, keeping up with changing rates, rules and regulations can be challenging especially when writing across multiple territories.
Electronic Invoicing
Proposed Amendments to Saudi Arabia’s VAT Implementation Regulations (VATIR): What is Changing?
The Saudi Authorities are proposing changes to the VAT Implementation Regulations (VATIR). The proposed changes are open to public consultation, with interested parties able to
IPT
How Historic Legislation can Make IPT Compliance Complicated
Legislation is always evolving, and legislation covering Insurance Premium Tax (IPT) and the relevant parafiscal taxes is no different. As IPT is so niche, references
News
Poland: JPK V7M/K Schema Changes from 1 January 2022
Poland implemented its version of a mandatory SAF-T file (the JPK_V7M/K reports) back in October 2020. Since then, businesses must submit detailed information on invoices,
IPT
Location of Risk: Goods in Transit Insurance Premium Tax
Goods in transit insurance is defined in the Solvency II Directive 2009/138/EC (25 November 2009) within Annex I Classes of Non-Life Insurance under class 7.