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
Category: Value Added Tax
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
News
Romanian E-Transport System Details Announced
Governments throughout the world are introducing continuous transaction control (CTC) systems to improve and strengthen VAT collection while combating tax evasion. Romania, with the largest
Electronic Invoicing
Don’t Take Chances with Government Mandated E-invoicing
According to research firm Gartner, IT spending will reach an estimated $4.5 trillion in 2022. This represents a 5.1% increase as compared to 2021. This
Electronic Invoicing
Why IT is Now on the Frontlines of Ensuring Continuous Commerce for Businesses
In today’s global and digital world, organizations are continually having to adjust to the challenges posed by government mandated e-invoicing. With governments continually leveraging technology
Electronic Invoicing
VAT in the Digital Age: Part II – VAT Reporting and E-invoicing
The European Commission’s “VAT in the Digital Age” initiative reflects on how tax authorities can use technology to fight tax fraud and, at the same
Tax Compliance
UK – April VAT Updates
Making Tax Digital for VAT – Expansion Beginning in April 2022, the requirements for Making Tax Digital (MTD) for VAT will be expanded to all