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
Category: Value Added Tax
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
Value Added Tax
Oman Introduces VAT System
The Sultanate of Oman has imposed a Value Added Tax from 16 April 2021. The VAT system is scheduled to be implemented in phases, with
Value Added Tax
Audio Blog: EU E-Commerce VAT Package: All Wrapped Up in 5 minutes
EU VAT E-commerce VAT package: the basics The European Union’s VAT e-commerce package is scheduled to come in to force 1 July 2021 to reduce
Value Added Tax
Understanding Mexico’s Miscellaneous Fiscal Resolution for 2021 and its Modifications (Part II)
Mexico’s Miscellaneous Fiscal Resolution (MFR) for 2021 includes a number of changes, the first of which you can read about in our previous blog on
Tax Compliance
Croatia: Electronic Invoicing and Fiscalization
Update: 25 August 2023 by Carolina Silva Croatia to Introduce E-Invoicing and CTC Reporting System According to official sources from the Ministry of Finance, the
Value Added Tax
A Brief History of VAT Digitization and the VAT Gap
VAT accounts for 15-40% of all public revenue globally. We estimate that the global VAT gap – i.e. lost VAT revenue due to errors and
Value Added Tax
What is the Tax Fallout from Brexit? 3 Questions for 3 Experts
Brexit continues to create a stir and the only absolute is that confusion dwarfs certainty when it comes to understanding the new tax laws that
Tax Compliance
Norway’s New 2022 VAT Return: Detailed and Digital
The Norwegian tax authority’s project for modernising VAT, the MEMO-project, has announced a new digital VAT return. It will take effect from the beginning of
Value Added Tax
How to Manage E-Transformation Projects When Deadlines are Set by Government Agencies
When managing any e-transformation project the deadline is determined after careful planning. It should be based on the project scope and consider the available resources.
Value Added Tax
Possible Consequences of Not Reviewing Contracts Post-Brexit
Given the complexity of international VAT and the potential risk, pitfalls and associated costs, finance directors face a predicament. Unlike direct taxes, which tend to
Value Added Tax
Understanding Mexico’s Miscellaneous Fiscal Resolution for 2021 and its Modifications (Part I)
Mexico introduced changes to the Miscellaneous Fiscal Resolution (MFR) this year. The Miscellaneous Fiscal Resolution is a group of regulations issued by the Mexican tax
Electronic Invoicing
How the World Can Meet the Post COVID-19 Automation Challenge
It’s good to see light at the end of the tunnel. Nonetheless, it’s too little, too late for many smaller – but also plenty of
Electronic Invoicing
Breaking News: Scope of Indian e-invoicing system is Expanding from 1 April 2021
During the past few months, in the absence of formal clarification, there has been much speculation on whether the Indian authorities would move forward with
Value Added Tax
UK’s Making Tax Digital – 1 April Brings End to Soft Landing Period
Since April 2019, the UK has required the submission of VAT returns and the storage of VAT records to be completed in accordance with the