Tax Compliance
Revisiting the EU VAT “2020 Quick Fixes”
Part 4 – Call-Off Stock Arrangements This is the last in a series of four blogs providing explanatory detail to the EU’s “2020 Quick Fixes”
Category: Value Added Tax
Tax Compliance
Italy to Introduce Pre-Completed VAT Returns by July 2020
The Italian government has introduced an ambitious new program for collecting VAT, under which the tax authorities will pre-populate VAT returns on behalf of taxpayers.
Tax Compliance
Revisiting the EU VAT “2020 Quick Fixes”
Part 3: Chain Transactions This is the third in a series of four blogs providing explanatory detail to the EU’s “2020 Quick Fixes” that aim
Tax Compliance
Revisiting the EU VAT “2020 Quick Fixes”
Part 2: The Exemptions of Intra-Community Supplies of Goods This is the second in a series of four blogs providing explanatory detail to the EU’s
Electronic Invoicing
Central Asia’s Adoption of E-Invoicing Mandates Grows
It’s no longer controversial to say that real-time VAT control initiatives such as e-invoice clearance or real-time reporting are becoming increasingly popular with governments and
Value Added Tax
Revisiting the EU VAT “2020 Quick Fixes”
Part 1: VAT Identification of the Customer We recently wrote about the EU’s latest report on the “VAT Gap” – the overall difference between the
Value Added Tax
VAT Gap: EU Countries Lost €137bn in VAT Revenues in 2017
In September, the European Commission released its latest study on the so-called ‘VAT Gap’. The VAT Gap is defined as the difference between the amount
Tax Compliance
VAT Mini One Stop Shop – Part 3
What to Expect Next In Parts One and Two of this series on the VAT MOSS scheme for digital services we provided a background, considerations for
Tax Compliance
VAT Mini One Stop Shop – Part 2
An update and the effects of Brexit In the first part of this series on the VAT MOSS scheme for digital services we provided a
Electronic Invoicing
India Adds Clarity to New E-Invoicing Regime
Following India’s recent public consultation looking at the proposed introduction of an e-invoicing regime, the GST council has now released a white paper on the
Value Added Tax
Key Steps for MTD Second Stage Filers
In our previous piece reflecting on the aftermath of the initial MTD deadlines for ‘First Stage filers’ we also noted that the first submission experiences
E-archiving
Portugal’s New Invoicing and E-Archiving Rules Published But Uncertainty Remains
In February 2019, Portugal published extensive and comprehensive legislation intended to regulate the invoicing processes in a growing digital environment. To this end, the country
Value Added Tax
VAT Mini One Stop Shop – the Current Status
The European Commission published in September a statistical report on the VAT Mini One Stop Shop (MOSS). According to this report the overall VAT revenue
Electronic Invoicing
France Takes First Steps Towards Mandatory B2B Electronic Invoicing
Back in June this year, many heads were turned when the French Minister of Public Accounts and Action, Gérald Darmanin, went on record stating that the French Government has the intention of making e-invoicing
Electronic Invoicing
Meeting the New Indirect Tax Challenges of Accounts Payable Automation
A substantial number of companies are unaware of the full challenges around tax compliance and their procurement processes. Part of the challenge is that tax
Sales & Use Tax
Indirect Tax Compliance Challenges in Accounts Payable Automation
AP automation is supposed to save SAP customers money, but developments in digital tax could derail its benefits and actually create further liabilities. With tax
E-archiving
Why Storage of Electronic Invoices in the EU Gets Complicated Quickly
It’s very possible that US companies are breaking laws governing storage of electronic invoices in the EU without realizing they’re putting themselves at risk for
Value Added Tax
Don’t Judge a Book by its Form: The Downward Global Trend in VAT Rates of E-Publications
Using reduced VAT rates to influence consumer buying choices Charging VAT and other consumption taxes rarely has a significant effect on a nation’s economy. The