Value Added Tax
Brexit Myth Busting: Separating the Fact From Fiction for All Things Tax
There is a plethora of misinformation and misconceptions surrounding Brexit and tax. The aim of this blog is to dispel such myths and clear up
Category: Value Added Tax
Tax Compliance
OECD on Digital Service Tax: What’s Ahead for 2021?
The challenge of how to fairly tax the digital economy was identified in the OECD’s BEPS initiative as ‘Action 1: Addressing the Tax Challenges of
Regulatory Analysis
CJEU Rules on Conditions for VAT Refund
The Court of Justice of the European Union (CJEU) has ruled that Member States must accept, as formally submitted, VAT refund requests that contain invoice
Value Added Tax
How Ireland’s VAT Regime is Changing
As a result of Brexit, COVID-19, and the Finance Act 2020, the VAT regime in Ireland has and will continue to undergo numerous changes. Highlights
Electronic Invoicing
China Expands B2B E-Invoicing Pilot
In December, the expansion of China’s B2B e-invoicing pilot program, that enables certain taxpayers to voluntarily issue VAT special electronic invoices, was announced by China’s
Value Added Tax
What to Consider When Changing E-Transformation Service Provider in Turkey
In today’s business world, it’s common for companies to use third party providers. This includes for activities such as regulatory integrations, with organizations using third
Electronic Invoicing
South Korea: E-invoicing and Self-Billing Invoices
Update: 8 March 2023 South Korea has recently approved a tax reform which introduces several measures for 2023, among which is the possibility of issuance
Value Added Tax
How the EU-UK Trade and Co-operation Agreement Affects Business
The EU-UK Trade and Co-operation Agreement (TCA) was finally agreed on 24 December 2020. A week before the end of the transition period. Fully implemented
Electronic Invoicing
Greece’s myDATA Scheme Postponed to April 2021
On 31 December 2020, in a last-minute change, the Greek government once again postponed the go-live date of myDATA to April 2021. This announcement had
Electronic Invoicing
How Technology Can Help Businesses and Governments Measure and Mitigate the Impact of Covid-19
Technology can help businesses and governments measure and mitigate the impact of Covid-19. With further waves and recessions biting, technology offers an unparalleled opportunity for
Tax Compliance
European Commission Proposal of VAT Reforms for Financial and Insurance Services Explained
We recently shared news of the European Commission (EC) opening a feedback period concerning an initiative to review VAT rules for financial and insurance services.
Value Added Tax
Trends: Previewing the Four Tax Compliance Mega-Trends Facing Multinational Companies
We recently launched the 12th Edition of our Annual Trends Report. We put a spotlight on current and near-term legal requirements across regions and VAT
News
VAT E-Commerce Package – The One Stop Shop (OSS)
The European Union’s VAT E-Commerce Package has been delayed until 1 July 2021. Consequently, in the New Year businesses will have to contend with both
Value Added Tax
Goods and Services Post-Brexit – Supply Chain Planning
To help businesses understand the impact of Brexit, we’ve cover the essential considerations for supply chain planning in this blog. Goods and services in 2021
Value Added Tax
Will Poland Beat France in the Race to CTC?
The Polish Ministry of Finance announced a timeline for its plans to introduce a Continuous Transaction Controls (CTC) scheme, with a roll-out to start in
Value Added Tax
UK: HMRC Update Policy Paper on Goods Moving Between the UK and Northern Ireland
Following our last article published on 25 November 2020, HMRC has recently updated its policy paper outlining the VAT accounting processes that will apply to
Value Added Tax
Temporary VAT Cut Passed on to German Supermarket Shoppers
German VAT rates were temporarily reduced in July 2020 to alleviate the economic impact of COVID-19. A stimulus package reduced the standard rate from 19%
Electronic Invoicing
Turkey’s E-Arşiv Invoice Mandate and Integration Methods
The Turkish Revenue Administration (TRA) expanded the e-transformation practices both in terms of application and taxpayers in scope with the General Communique issued on 19