171 countries have implemented VAT or GST as at May 2022 Since the first introduction of a Value Added Tax in France in 1968 (initial version 1950’s), it has now been adopted by 171 countries around the world. In many countries, VAT is known as
Major changes around the world in Value Added Tax and Goods and Services Tax If you want live updates on these issues, sign-up here for our free email newsletter.
Periodic listings of VAT sales and purchases to support VAT returns in fight against fraud Whilst the EU VAT Gap has started to reduce, tax authorities are anxious to speed-up the collections of missing VAT – both via errors and fraud. For over a decade, they have
Tax authorities stage a coup d’etat of taxpayers’ VAT returns What’s the hottest topic in tax authorities’ minds? Live reporting? VAT on digital services? E-invoicing. No! It’s a much more fundamental shift of tax reporting control from taxpayers to the tax authorities – it’s no
