Determining the correct VAT rate is not always straightforward, particularly where businesses supply multiple goods or services as part of a mixed supply or bundle package. A […]
The EU takes another significant step towards simplifying VAT collection on cross-border e-commerce, agreeing changes to the operation of the IOSS scheme and the removal of the […]
A New Era for VAT Determination VAT determination has traditionally been built around clearly defined rules. In SAP, factors such as the tax departure and destination countries, […]
The proposed introduction of an import VAT offsetting mechanism marks a significant step toward simplifying the import VAT process. Following approval by the Conference of German Finance […]
Background Intra-Community triangular transactions can be highly beneficial but only if they are implemented correctly. Without the simplification provided for under Article 141 of the EU VAT […]
In a previous article, we explored Poland’s plans to introduce pre-filled VAT returns and the wider implications for businesses operating in increasingly digital tax environments. While Poland’s […]
Introduction A transfer of a going concern (TOGC) is a special VAT mechanism, that allows the transfer of a business, or an autonomous part of a business, […]
The Cypriot Council of Minsters approved a temporary 0% VAT rate for certain essential goods. The 0% VAT rate applies as follows: – From 1 October 2026 […]
Artificial intelligence is changing the way we work, and the tax profession is no exception. Information that once took time to research can now be accessed in […]
Businesses exporting goods outside the EU may qualify for zero-rated VAT. However, uncertainty can arise when goods remain within the EU or are used by the purchaser […]
Why when it comes to e-invoicing getting VAT determination right first time matters ? With e-invoicing, VAT determination becomes a critical upstream control. In the traditional invoicing […]
The European Commission has launched a public consultation to gather stakeholder views on how the EU VAT framework can be better aligned with the objectives of a […]
The Polish Ministry of Finance announced plans to extend penalty free period related to errors in KSeF. Originally the grace period was due to end at the […]
A draft Law amending the Bulgarian VAT Act has been published for public consultation by the Ministry of Finance. The new draft is planned to be implemented […]