Our professional and specialized VAT team is always informed with the latest VAT updates and regulations from around the world. Here you will find all you need to know regarding all the latest VAT news and information.
UGANDA: From November 2021, non-resident companies can register and file VAT on electronic services from a special portal.
European countries incentivize users to choose EV over gasoline or diesel cars through taxation and infrastructure charging. The Netherland is the world’s leader in EV adoption.
From 1 January 2022, Intrastat will only apply for movements of goods between Northern Ireland (NI) and the European Union (EU). Movements between Great Britain (England, Scotland and Wales) and the EU will no longer be covered by Intrastat.
Download GVC’s free guide to the One-Stop Shop (OSS) scheme to inform and guide your business about the new EU VAT changes and their implications.
Poland will implement its e-Invoicing system Krajowy System e-Faktur (KSeF) from January 1, 2022. Under certain conditions, taxpayers who issue electronic invoices through KSeF will receive a VAT refund in 40 days instead of 60 days.
The Egyptian government started to implement a new customs procedure ACI Cargo Pre-Registration System which requires importers to provide shipment data electronically at least 48 hours before cargo shipment’s arrival to Egypt. The required documents include a commercial invoice, Packing List, Bill of Lading Copy and a certificate of origin.
A report released by Latvia’s Ministry of Finance (MoF) envisions its plans to introduce electronic invoicing (e-invoicing) as mandatory for the B2B and B2G transactions from 2025.
According to the first surveys conducted by E-commerce Europe, the IOSS scheme has provided benefits to e-commerce sellers, but it also needs to be improved as e-sellers encounter issues such as double taxation, IT functioning, different tax regimes and invoicing methods among the EU Member States.