Value Added Tax
France Implements Mandatory Postponed Accounting on Imports
As a result of the 2020 Finance Law implementation, which transfers the management and collection of import VAT from customs to the Public Finances Directorate
Category: Value Added Tax
Tax Compliance
Audio Blog: Sovos’ 13th Annual Trends Report
Sovos’ 13th annual Trends report takes an in-depth look at the world’s regulatory VAT landscape. Governments globally are enacting new policies and controls to close
Electronic Invoicing
Latest Updates in Romania: B2B E-invoicing Mandate for High-risk Products and E-transport System
With the most significant VAT gap in the EU (34.9% in 2019), Romania has been moving towards introducing a continuous transaction control (CTC) regime to
Value Added Tax
What is a VAT Health Check?
At Sovos, our consultants are the leading experts in cross-border tax, saving both time and money for our customers. In this episode of the Sovos
Value Added Tax
Brexit One Year On – What Do We Know?
The Northern Ireland Protocol regarding goods moving from Great Britain to Northern Ireland continues to cause problems, leading to calls to suspend it via Article
Value Added Tax
The Rise of E-Transport Documents
The number of continuous transaction controls (CTC) jurisdictions worldwide is increasing at a high speed. What’s equally interesting to note is a parallel development: countries
Electronic Invoicing
Eastern Europe: The Rise of CTCs
In a blog post earlier this year, we wrote about how several Eastern European countries have started implementing continuous transaction controls (CTC) to combat tax fraud and
Value Added Tax
Understanding IOSS – EU E-Commerce VAT Package FAQs
The EU e-commerce VAT package was introduced in July 2021. The new schemes, One Stop Shop (OSS) and Import One Stop Shop (IOSS) bring significant
Value Added Tax
New European Union Reduced VAT Rates Approved
The EU Council approved a proposed directive to amend rules governing reduced VAT rates at the ECOFIN meeting held on 7 December 2021. The new
Value Added Tax
How Union One Stop Shop Impacts Other Declarations
The EU e-Commerce VAT Package is nearly six months old and businesses should have submitted their first Union One Stop Shop (OSS) return by the
Electronic Invoicing
Poland’s E-Invoicing Reform: Overview of KSeF System
Since earlier this year, when the first draft continuous transaction controls (CTC) legislation was published in Poland, there’s been good progress in the development of
Value Added Tax
Mexico: Carta Porte 2.0
On 1 May 2021, the Mexican tax administration (SAT) enacted a new requirement via the new Bill of Lading Supplement (locally known as Complemento de Carta
Value Added Tax
Union OSS – Don’t be Late Registering for the EU VAT Scheme
E-commerce in the EU saw a VAT revolution on 1 July 2021, introducing the e-commerce VAT package. One of the package’s aims is to
Electronic Invoicing
The Future of E-Invoicing in Europe
Several EU Member States have been introducing continuous transaction controls (CTCs), aiming to close their VAT gaps, increase revenue and have more control over the
Value Added Tax
Sovos Expands VAT Determination Capabilities for Customers with Complex Supply Chains
Earlier today, Sovos announced the acquisition of TLI Consulting, a German company that serves companies with transaction and tax determination needs that are too complex
Tax Compliance
Norway – 2022 Digital VAT Return Coming Soon
As we inch closer to the implementation date of 1 January 2022 for Norway’s new digitized VAT return, let’s take a second look at the
Value Added Tax
France: Two New Declarations to Replace the DEB
As of 1 January 2022, the Declaration of Exchange Goods (DEB) will be replaced by two new declarations, a statistical survey and a VAT summary
Value Added Tax
Spain: New Timelines for the Adoption of TicketBAI in the Basque Country
The Provincial Council of the Gipuzkoa region in the Basque Country recently published Foral Order 608/2021. This establishes the schedule for adopting the TicketBAI (TBAI)