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.
Postponed accounting is a way of making imports easier for UK companies at least in terms of VAT.
Businesses established in Northern Ireland who incur VAT on goods in the EU, and EU businesses who incur VAT on goods in Northern Ireland, will be able to recover this VAT through the electronic cross-border refund system
Starting 2022 Norwegian digital VAT returns will endure some changes. There will be a testing period by the end of 2021 before changes come into force.
From January 2021 all taxpayers in India with an aggregate turnover of more than Rs 100 Cr. during the last fiscal year need to implement e-invoicing.
China also has been trying to digitize the process of invoicing in order to reduce costs and improve overall control over transactions.
Albania introduced a new regulation which is called fiscalization in 2020. It includes online reporting of all issued invoices and receipts. and it becomes mandatory in 2021.
Dutch Customs issued a warning to consumers about the potential extra costs that might occur form their online UK purchases.
This process is provided to telecom companies who are resellers of their services and it was introduced in order to avoid the creation of fraud schemes.
Amazon.pl is soon to become a reality. Although the tech giant is already present in Poland where it has several distribution centers, Amazon now is on the works of launching a Polish based website and marketplace.
In order to avoid the harsh penalties that are currently in place for late VAT filing or non-filing of VAT, businesses must be wary of all taxation rules and deadlines imposed by the Federal Tax Authority