News
European Commission Proposes Delay of Six Months for E-commerce VAT Package
On Friday 8 May, the European Commission (EC) published a legislative proposal to delay implementation of the e-Commerce VAT Package by six months due to
Category: Value Added Tax
E-archiving
E-Archiving for VAT: Compliance in a Digital World
Compliant archiving of original invoices and similar tax-relevant documents has long been overlooked. As companies gradually made the move to digitize existing paper processes, invoicing
Tax Compliance
Preparing for Poland’s New JPK_VAT Structure
We recently reported the Polish government’s decision to delay introduction of the new JPK_VAT with a declaration structure until 1 July 2020. This move is
Electronic Invoicing
Finland Expands Adoption of E-Invoicing
Finland’s government already receives over 90% of invoices electronically. Aiming to expand the use of e-invoices in B2B transactions, the country has granted B2B buyers
News
Further EU VAT Measures in Response to Coronavirus
Sovos recently published a blog regarding prospective measures EU member states are taking in response to the Covid-19 pandemic. Included below are additional actions introduced
Electronic Invoicing
Vietnam’s E-invoicing Mandate – Delayed Until 2022
The Ministry of Finance in Vietnam recently presented a draft decree to the Prime Minister for ratification, indicating that the go-live date for mandatory e-invoicing
E-archiving
Turkey Publishes Storage Guidelines for E-Ledger
On 3 April 2020, storage guidelines for e-ledger were published by the Turkish Revenue Authority (TRA). The guidelines set out the requirements and standards for
Electronic Invoicing
Israel Continuous Transaction Controls (CTCs)
Update: 3 May 2024 by Dilara İnal Israel Continuous Transaction Controls Rollout Postponed The Israeli Tax Authority (ITA) has postponed the rollout of Israel’s continuous
Electronic Invoicing
India Amends E-Invoicing Rules
India’s e-invoicing reform has been introduced as a very important step towards digitizing the country´s tax controls. Even though the reform has been under discussion
E-archiving
Beyond Tax Reliefs: The Impact of Covid-19 on E-Archiving
The economic impact and consequences of coronavirus are unprecedented as it spreads across different countries. To protect their markets, many countries have reacted by loosening
Tax Compliance
Norway and the Trend to Taxing Low Value Goods
From 1 April 2020, Norway will require non-resident suppliers of “low value” goods to Norwegian consumers to charge VAT on such supplies. Norway is the
Electronic Invoicing
B2B Transaction Automation Platforms: Quantifying the VAT Compliance Advantage
In the past five years, transaction automation platform vendors who embraced e-invoicing and e-archiving compliance as integral to their services grew on average approximately 2.5
Electronic Invoicing
Turkey’s Digital Transformation and E-Invoicing Landscape
For companies operating in Turkey, 2019 was an eventful year for tax regulatory change and in particular, e-invoicing reform. Since it was first introduced in
Electronic Invoicing
Greece myDATA Legislation Updates
New go-live date for myDATA legislation A new roll-out date for the myDATA e-books mandate was announced by the Greek tax authority, the IAPR, during
News
EU VAT Measures in Response to Coronavirus
Countries worldwide are introducing indirect tax measures intended to mitigate the economic consequences of the coronavirus pandemic. Prospective measures by EU Member States include:
Global Tax Determination
International Tax Changes During the COVID-19 Pandemic
In the last several weeks, we have monitored many efforts by federal, state and local governments to provide relief to both businesses and individual taxpayers
Electronic Invoicing
Poland’s Next Step After SAF-T – Centralized E-Invoice
The expansion of Poland’s new SAF-T report (JPK) barely took effect before Poland is steaming ahead with a more far reaching plan. It aims to
Electronic Invoicing
INDIA: E-Invoicing Reform Postponed Until 1 October 2020
With roughly two weeks to go until the first mandatory phase of India’s e-invoicing reform was set to go live, the GST Council has now