Tax Compliance
Common Triggers of a VAT Audit
Since many audits seem to occur at random, it’s not always possible to identify the reason why a tax office would decide to initiate one.
Category: Value Added Tax
Value Added Tax
Trends in VAT Audits – EU Focus on E-commerce
Continuing our series on VAT audits, we take a closer look at the trends we’ve seen emerging in the activities of the EU Member States’
Value Added Tax
VAT for Virtual Events – Exemption, Hybrid Events and Reduced Rates
In a recent blog, we considered the upcoming changes to the VAT treatment of virtual events. Today, we will consider some of the issues that
Tax Compliance
Trends in VAT Audits – Increased Interest From the EU
A recent report released by the European Commission has stressed the need for Member States to increase the number of audits they undertake, particularly in
Value Added Tax
New Place of Supply Rules for Virtual Attendance of Events
Events and conferences typically take a long time to organise and in the early part of 2020 several events that were scheduled to take place
Tax Compliance
Will the Middle East be Next to Accelerate CTCs?
Over the past decade, the Middle East region has undergone impactful financial and fiscal changes. VAT was introduced as one of the solutions to prevent
Tax Compliance
E-Commerce VAT Compliance Outside the EU – Low Value Goods
E-businesses have recently been dealing with the change of rules within the EU with the introduction of the E-Commerce VAT Package but it’s also important
Value Added Tax
Update: European Union Reduced VAT Rates Adopted
On 5 April 2022, the EU Council formally adopted changes to the current rules governing reduced VAT rates for goods and services. These amendments to
Tax Compliance
Norway: Cross-Border VAT Updates
Update: 31 January 2023 by Lorenza Barone Norway extends VAT obligation to Cross-Border Non-Digital Services Norway’s Ministry of Finance has updated legislation involving remotely deliverable
Electronic Invoicing
United States, Australia and New Zealand: E-Invoicing Reforms
The global trend in the e-invoicing sphere for the past decade has shown that legislators and local tax authorities worldwide are rethinking the invoice creation
Electronic Invoicing
Italy Expands its E-invoicing Mandate
The Italian government has taken important steps to broaden the scope of its e-invoicing mandate, more specifically by widening the scope of taxpayers subject to
Tax Compliance
The EU E-Commerce VAT Package – What Have We Learned Nine Months On?
It’s been just over nine months since the introduction of one of the biggest changes in EU VAT rules for e-commerce retailers, the E-Commerce VAT
Tax Compliance
Streamlining VAT Reporting with OSS
E-commerce continues to grow, and tax authorities globally have struggled to keep pace. Tax authorities developed many VAT systems before the advent of e-commerce in
Electronic Invoicing
Philippines Advances Towards Mandatory CTC Reporting
The Philippines continues in constant advance towards implementing its continuous transaction controls (CTC) system, which consists of near real-time reporting of electronically issued invoices and
Electronic Invoicing
Why Government Mandated E-invoicing is Creating a New Reality for Businesses
Government mandated e-invoicing is continuing its proliferation across the globe as more and more governments are implementing always-on monitoring and enforcement for businesses operating within
Tax Compliance
Optimising Supply Chain Management: Setting up an EU Warehouse
In our earlier article, Optimising Supply Chain Management: Key B2B Import Considerations, we looked at the possibility of UK suppliers establishing an EU warehouse to
Electronic Invoicing
VAT in the Digital Age: Part III – VAT and the Platform Economy
In the European Union, the VAT rules around supplies of goods, as well as ’traditional’ two-party supplies of services, are well-defined and established. Peer-to-peer services
Electronic Invoicing
Paraguay’s New E-invoicing System: All Updates You Need To Know
Update: 05 January 2023 by Andres Landerretche More taxpayers join the Electronic Invoicing System of Paraguay (SIFEN) Since Paraguay started implementing its National Integrated System