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Businesses urged to sign up for Making Tax Digital for VAT before 1 April 2022

HMRC reminds businesses to take steps to prepare for Making Tax Digital for VAT (MTDfV) ahead of the April 1, 2022 deadline when it becomes mandatory for all VAT registered businesses....Continued

Are your HS codes your business’ weak spot?

Harmonized System (HS) tariff codes calculate tariff rates for all internationally traded products. Required by global customs authorities, unlike sales and use tax codes, tariff codes are a requireme...Continued

Top 10 special territories for VAT purposes

VAT is generally levied around the globe at a federal/country level. However, there are many sovereign states, provinces, territories, regions and discreet areas that have special rules for VAT purpos...Continued

Ecommerce – VAT and GST obligations on international sales

During the pandemic, millions of house-bound consumers around the globe embraced ecommerce for the first time, delivering a decade’s growth in a matter of months....Continued

Italy - Annual VAT return for 2021 released

The Italian tax authority has released the updated Italian Annual VAT return for 2021 ("Modello IVA 2022 - Periodo d’imposta 2021")....Continued

Australia proposing “Business eInvoicing Right”

The Australian Government has announced a proposal to create a “Business eInvoicing Right” (BER) with a staggered approach from July 1, 2023. ...Continued

Slovakia – Requirement to only make tax invoice payments to published bank accounts

In November 2021, new legislation was introduced in Slovakia requiring Slovak VAT registered businesses to report their bank accounts (both domestic and foreign) to the Slovak Financial Directorate vi...Continued

B2G e-invoicing to be compulsory in Luxembourg

On December 14, 2021, a new law was published in Luxembourg’s Official Journal which will make it compulsory for businesses involved in public contracts to issue electronic invoices to the Government....Continued

Sequential invoice numbering for tax invoices

The majority of countries with a VAT or GST regime require tax invoices to have a unique sequential number. ...Continued

Avalara’s 5-point plan to be Tax Compliance Ready in 2022

According to a survey from Barclaycard, in 2021, a surge in online shopping saw consumer spending in 2021 surpass 2019 levels by 5.9%, despite the Covid-19 limitations in place....Continued