Worldwide

VAT Reporting update 18.3.1

April 5th, 2018

Overview This release is a maintenance release of the VAT Reporting application for the month March. It includes changes to reports, modifications and bug fixes. Main changes in Reports We have improved the reporting of transactions with mixed flows on the PL, CZ and IT VAT Books. South Africa: standard VAT rate changed to 15% …


Worldwide

VAT Reporting update 17.12.1

January 13th, 2018

Overview This release is a maintenance release of the VAT Reporting application for December 2017. It includes new reports for 2017 yearly filings and changes for 2018 and bug fixes. Main changes in Reports The following countries have been released for 2018: CY, LV, NL, SI, CZ, GR (GREZ), FI, AT, DE, EE, HU, LU, …


Worldwide

2018 Weaponising VAT

December 4th, 2017

Brexit. VAT fraud. Austerity straitjackets. Global tax wars. These are the colliding dynamics which in 2018 will lead to the UK, and worldwide governments, to undertake drastic measures on VAT and other taxes. This could include an emergency measure to relieve importers/exporters of potential Brexit VAT liabilities, through to the European Commission up-ending the entire …


Worldwide

International VAT for dummies

October 23rd, 2017

You can’t do business across the European Union and much of the world without dealing with VAT. It’s a legal requirement in the majority of places your organisation wants to be. And like pretty much every tax, it can be a pain to deal with. The fact is, business systems typically don’t manage the idiosyncrasies …


Worldwide

IMF Peer-to-Peer tax proposals

September 3rd, 2017

The International Monetary Fund has rejected calls for a rethink of taxation principles for the digital, Peer-to-Peer (P2P) economy.  Instead, it suggests that any changes required to adapt to the burgeoning trade in the sector should come at the administrative level. P2P threatens governments’ tax base P2P transactions are the selling and buying of goods or …