Tax Compliance
Romania SAF-T: Are You Ready for 1 January 2022?
It’s been more than a few years since Romania first toyed with the idea of introducing a SAF-T obligation to combat its ever-growing VAT gap.
Category: Value Added Tax
Electronic Invoicing
Turkey: New Requirement to Notify the TRA About Objection Requests
The Turkish Revenue Administration (TRA) has published updated guidelines on the cancellation and objection of e-fatura and e-arsiv invoice. Two different guidelines are updated: guidelines
Value Added Tax
The VAT Evolution and Why It’s So Complex Part I: Thinking Globally
To understand why there is an ongoing evolution in the managing and administration of value added taxes (VAT), it is important to first understand the
Value Added Tax
The VAT Evolution and Why It’s So Complex Part II: Three Focus Areas for VAT
In Part I of our series on the VAT Evolution, we explored the motivations of tax authorities and governments around the world to embrace digitization
Value Added Tax
The VAT Evolution and Why It’s So Complex Part III: Why Global Solutions Matter to IT
In Part I of our series on the VAT Evolution, we explored the motivations of tax authorities and governments around the world to embrace digitization
Electronic Invoicing
Mandatory Transition to E-Invoice and E-Arşiv Invoice Applications for Healthcare Organisations in Turkey
An amendment in the General Communiqué No. 509 has announced healthcare service providers and taxpayers providing medical supplies and medicines or active substances must use
Value Added Tax
VAT Trends: CTCs and Their Impact on Business Today
This blog is an excerpt from Sovos’ Annual VAT Trends report. Please click here to download your complimentary copy in full. VAT requirements and their
E-archiving
Italy Postpones E-Document Legislation
In September 2020, Italy introduced major changes to the country’s rules on the creation and preservation of electronic documents. These new requirements were expected to
News
EU Council Approves DAC7 Rules on Digital Platform Tax Reporting
On 22 March 2021 the EU Council approved DAC7, which establishes EU-wide rules meant to improve administrative cooperation in taxation. In addition, the Directive addresses
E-archiving
Italy: A New Way to Report Cross-Border Invoices
When Italy introduced its mandatory e-invoicing system, cross-border invoices weren’t included in the scope of the reform. To introduce the mandate, Italy asked the European
Electronic Invoicing
Turkey: The Significance of Effective E-Transformation for Enterprises
Digitization has become more prevalent, especially because of COVID-19. Companies looking to improve efficiency via digital transformation are taking advantage of the benefits tax technologies
E-archiving
Italy: Understanding the New E-Document Legislation Requirements
In September 2020, the Agency for Digital Italy (AGID) introduced new requirements for the creation and preservation of electronic documents, which will be enforced from
Tax Compliance
Audio Blog: Saudi Arabia: The Gulf’s CTC Pioneer
Saudi Arabia will start its introduction of a new e-invoicing system from 4 December 2021. The mandate will require all taxable persons residing in the
Value Added Tax
The EU VAT e-Commerce Package and OSS: Your Questions Answered
We hosted a webinar about the upcoming EU VAT e-commerce package with our VAT team. Topics included the One Stop Shop (OSS), Import One Stop
Electronic Invoicing
EESPA Standard: E-Invoicing Compliance Definitions and Responsibility Allocation Framework
EESPA, the European E-invoicing Service Providers Association, recently published EESPA Standard Definitions for Legally Compliant Electronic Invoicing and their usage. This document aims to provide
Value Added Tax
The Four Tax Reporting Trends SAP Customers Need to Know
The digitization of tax authorities has come a long way since its beginnings in 2003. Tax administrations have realised the benefits that technology can bring
Value Added Tax
The Importance of Cloud-Based Technologies in E-Transformation Processes
Digital transformation continues to evolve and develop, introducing new solutions and cloud technologies for enterprises around the world. These technologies provide flexibility, agility and reduce
Value Added Tax
The Rise of Continuous Transaction Controls in Eastern Europe
We’ve recently seen several Eastern European countries begin their journey of implementing continuous transaction controls (CTC) as an efficient tool for combating tax fraud and