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
Category: Value Added Tax
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
Value Added Tax
Sovos Strengthens Complete, Connected Tax Compliance in Brazil with Latest Acquisition
For businesses headquartered or operating in Brazil, the constantly shifting Nota Fiscal compliance regulations are a well-known pain point. The Sistema Público de Escrituração Digital
Electronic Invoicing
Albania: Updated CTC System Roll-out Timeline and Further Details Published
Following the introduction of ‘fiscalization’, Albania’s Continuous Transactions Controls scheme (CTC), in early 2020, the Albanian government published more information about the CTC system and
Value Added Tax
OSS and the EU E-Commerce VAT Package: What You Need to Know About the Upcoming Changes
The EU introduces the E-Commerce VAT Package and OSS on 1 July 2021. The previous delay from 1 January 2021 was due to the COVID-19 pandemic.
IPT
Meet the Expert: Andrew Hocking, VP of Consulting and Compliance Services, Europe
Meet the Expert is a series of blogs to share more about the team behind our innovative software and managed services. As a global organisation
Electronic Invoicing
From Tax Control to Tax Collaboration: Russia’s Pioneering a New Approach
The trend of real-time data collection as a tax control mechanism by tax authorities across the world is not much of a surprise now, quite