IPT
Insurance Premium Tax Returns: Italian IPT Books
The proper supporting documentation of a tax return has always been required by the local tax offices. In this blog we will focus on the
Category: Tax Compliance
Electronic Invoicing
Saudi Arabia’s E-Invoicing Mandate is Fast Approaching
The Zakat, Tax and Customs Authority (ZATCA) announced the finalized rules for the Saudi Arabia e-invoicing system earlier this year, announcing plans for two main
IPT
IPT Compliance in the UK: What Does the Metropolitan Fire Brigade Act Mean for Insurers in Greater London?
IPT compliance is complex, especially when insurers are writing across multiple regions, jurisdictions or boroughs.
Tax Compliance
Pre-Filled VAT Returns: The Current Landscape
The widespread adoption of electronic invoicing regimes has given tax authorities access to enormous quantities of taxpayer data. In many jurisdictions, this data enables tax
1099
How Accounting and Finance Teams Can Face the ‘Great Resignation’
As offices around the world begin to reopen after nearly 18 months of employees working from home, many buildings aren’t as full as they used
IPT
Understanding Aviation Hull and Aviation Liability
In Insurance Premium Tax (IPT) compliance, the Aviation Hull and Aviation Liability policy is defined under Annex 1, Classes of Non-Life Insurance, as described in
Electronic Invoicing
Portugal: How to Prepare for 2022 E-Invoicing Changes
Back in 2019, Portugal passed a mini e-invoicing reform consolidating the country’s framework around SAF-T reporting and certified billing software. Since then, a lot has
IPT
How Insurers can Prepare for Tax Authority Audits
A tax authority audit can come in various forms, whether it be directly to the insurer itself or indirectly through a policyholder or broker. It
1099
Top 5 Proposed Changes in Crypto 1099 Reporting Guidance
The hotly anticipated crypto 1099 information reporting tax law changes may finally come to light this week. In an interesting twist to the bipartisan infrastructure
IPT
The Five Pillars of IPT Compliance
For anyone relatively new or unfamiliar with insurance premium tax (IPT), an understanding of each of the core components is key to ensuring compliance. They
Electronic Invoicing
Poland: Krajowy System e-Faktur moves to next phase of legislative process
Progress has been made in the roll-out of the Polish CTC (continuous transaction control) system, Krajowy System of e-Faktur. Earlier this year, the Ministry of
Tax Compliance
Expansion to Statutory Schedule Y
As we pass the midpoint of the year, many companies are already looking toward year end, trying to ready themselves for various new reporting requirements.
Cryptocurrency
Unclaimed Property and Cryptocurrency: State Reporting Considerations
In my previous two unclaimed property and cryptocurrency blogs posts titled, “Regulation and the Impact on Digital Assets” and “Due Diligence Requirements and Compliance,” we
Electronic Invoicing
Latest Updates in E-Documents: Impact of Acceleration in E-Transformation Applications on E-Documents
Turkey’s e-transformation journey, which started in 2010, became more systematic in 2012. This process first launched with the introduction of e-ledgers on 1 Jan 2012
Tax Compliance
Japan: Qualified Invoice System
Update: 23 March 2023 by Dilara İnal Japan’s Qualified Invoice System Roll-out Approaches Japan is moving closer to the roll-out of its Qualified Invoice System
Electronic Invoicing
Italy and San Marino: Steps to Clearance Customs Regimes?
Since 1993, supplies performed between Italy and San Marino have been accompanied by a set of customs obligations. These include the submission of paperwork to
Electronic Invoicing
Why Companies Operating in Turkey Should Outsource Their Tax Compliance Processes
In the digital age we live in, speed is essential. For companies wanting to compete on a global scale, acting fast is just as important
Tax Compliance
Norway 2022 Digital VAT Return: What Businesses Need to Know
Norway announced its intentions to introduce a new digital VAT return in late 2020, with an intended launch date of 1 January 2022. Since then,