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How can Artificial Intelligence help close the VAT Gap

27/11/2023 in

Persistent, huge VAT fraud issues push tax authorities to adopt Machine Learning and Generative Artificial Intelligence National tax agencies in Europe and beyond are increasingly turning to Artificial Intelligence tools to help bring down stubborn Value Added Tax fraud leakage. The EU estimates it loses

Global 2024 VAT / GST changes

26/11/2023 in

Global VAT changes

Get our free global VAT and GST news emails, sign-up here. Or check global VAT rates in over 300 jurisdictions here Future changes Past changes Sign up to our FREE VAT newsletter Future global VAT / GST changes Date Country VAT / GST changes (click for

VAT TV November 2023 news

23/11/2023 in

Goods and Services Tax

Want to join the VAT TV subscription list? Sign-up here. Nov 2023 global news & views

Reverse charge B2B goods for foreign companies in VAT Advisor

17/11/2023 in

Chain supplies

Watch B2B VAT obligations for non-resident companies selling or buying goods Contact us for your free trial VAT Advisor account Understanding B2B VAT, including reverse charge, on sales or purchases of goods in foreign countries; including Article 194 EU VAT Directive One of the most

VAT Advisor – harnasing natural language AI for item classification

14/11/2023 in

Watch AI in our VAT Advisor assist tax calculations and returns Natural language AI advances VAT item classification and tax code choice in our VAT Advisor, part of our global tax engine and reporting application As tax authorities push their global VAT digitalisation mandates, a

Global VAT & GST on digital services to consumers

08/11/2023 in

apps

104 countries have implemented VAT, GST or sales taxes on non-resident providers of digital services to their consumers. Below is a list of implemented and proposed regimes. Calculate or verify global VAT or GST calculations on digital services via VAT Calc's VAT Calculator or VAT Auditor services. Europe

Taxing AI will fail to fill the government income gap

06/11/2023 in

Artificial Intelligence replacing employment means dangerous drops in government revenues. Taxing AI isn’t the solution. Whether as a labour efficiency tool or complete displacement of workers, Artificial Intelligence (AI) is set to undermine the established economic model. At stake is lost income, or even jobs,

Global VAT e-invoicing and digital reporting mandates

05/11/2023 in

BEPS

Latest announced and potential digital reporting, e-invoice and SAF-T mandates. For a comprehensive country-by-country review of digital and e-invoice reporting check out our global e-invoicing tracker. Upcoming mandates Potential mandates In-progress SAF-T Upcoming e-invoice mandates Country Date Comments (click for details) Romania Jan 2024 RO

VAT Advisor demo videos

01/11/2023 in

VAT Advisor

Watch how VAT Advisor can instantly deliver complete VAT obligations, draft VAT invoices and return reporting requirements for the most complex of cross-border transactions in over 130 jurisdictions. VAT Auditor is built on the same single application as our tax engine, VAT Calculator and returns

3 Horsemen of the VAT e-Invoicing Apocalypse

01/11/2023 in

Global e-invoicing mandates - what's being overlooked? That’s right: VAT. New live digital reporting & e-invoicing regimes are surfacing three almighty tax and cash flow risks for businesses. These go beyond the simple challenge of post structured e-invoices between accounting systems and tax authorities. Whilst

Category: Global