Global - vatcalc.com

Digital Services Taxes DST – global tracker

29/03/2023 in

BEPS

Digital Services Taxes (DST) making a comeback as OECD Pillar 1 in danger of missing 2024 impementation? DST's are a new class of taxes being implemented to tackle the perceived unfairness of non-resident digital companies to sell across borders without being liable to local corporate

VAT TV March 2023 news

22/03/2023 in

Goods and Services Tax

Want to join the VAT TV subscription list? Sign-up here. March VAT & GST news and views

Kid Misso: e-invoicing mandates expose transaction data gaps

16/03/2023 in

Digital Reporting Requirements

Long standing data availability & accuracy challenges take on new imperative with the proliferation of VAT digitalisation and live transaction reporting The whirlwind of global e-invoicing and digital reporting mandates is upon us as governments demand live access to transactional data to validate and surface

Will your VAT calculations stand the real-time reporting test?

09/03/2023 in

Digital Reporting Requirements

E-invoicing and live digital reporting mandates mean VAT and GST must be calculated accurately in real-time to avoid blocked invoices, audits and potential losses. How to rise to the challenge The ‘luxury’ of a few weeks to retro-calculate transactional VAT or GST is coming to

Disrupting VAT returns & digital reporting processes

01/03/2023 in

Continuous Transaction Controls

Kid Misso highlights 5 failures in current VAT returns processes; how new global digital reporting mandates will expose these; and what he's doing about it Many businesses have coped manually with 5 core failures in their existing International VAT returns reporting processes. They have depended

VAT TV – Complex chain transactions with Gorka Echevarria

21/02/2023 in

Chain supplies

Watch deep dive on VAT complexities of chain supplies In this latest episode of VAT TV, Gorka Echevarría, Global VAT Leader at Lexmark, takes a deep dive into the complexities of chain transactions, including: cross-border; allocating the zero-rating; triangulation; imports; and more. He challenges our

2023 VAT country guides

10/02/2023 in

Value Added Tax

VAT and GST compliance and reporting country guides Our country VAT and GST country guides provide the key compliance and reporting obligation information for the countries below. This includes: rates; time of supply rules; registration obligations; invoice requirements; compliance rules; VAT returns, other filings and

Which countries have introduced OECD’s SAF-T

08/02/2023 in

global

Standard Audit File for Tax – harmonised transactional data schema for easy exchange with tax authorities The countries below have implemented (or propose) the OECD’s Standard Audit File for Tax (SAF-T). This is an harmonised XML schema of company transaction data from accounting records for

Cross-border chain transactions with VAT Advisor

07/02/2023 in

Chain supplies

Watch VAT Advisor deliver chain transaction calc's, invoicing & reporting Contact us for your free trial VAT Advisor account Cross-border successive supplies of goods present risks for VAT determination & reporting Chain transactions present complex VAT challenges for businesses. They are successive sales of goods

Import VAT calculations and return reporting with VAT Advisor

05/02/2023 in

Chain supplies

Watch VAT Advisor calculate import VAT and VAT return reporting Contact us for a free trial account in Advisor Import VAT bring B2B complex requirements for invoicing, deferred or postponed VAT plus VAT returns reporting. Bringing goods into any country, including the EU, generally triggers

Category: Global