World’s first single VAT/GST determination and reporting platform for all businesses As cross-border trade grows, and tax authorities take a closer look for more VAT or GST revenues, it’s vital to get your indirect tax determination accurate at the first attempt and ensure the liabilities
Simplifying to 3 Goods and Services Tax rate from current 4 rates The Indian GST Council, which oversees the policy and running of Indian GST, is considering a proposal to cut the current four rates to 3 by merging the current 5% and 12% in
Canada’s Revenue Agency (CRA) has provided suggested guidance on e-invoicing in 2018. This is based on the UBL model (see below). The format is only voluntary. Check VAT Calc’s global live VAT invoice transaction and e-invoice reporting tracker to see where else real-time submissions of invoices is
The Indian Central Board of Indirect Taxes and Customs has lowered the annual sales threshold for mandatory GST e-invoices. With effect from 1 April 2022, e-invoicing will be mandatory for all taxpayers that have aggregate turnover exceeding INR200 million (20 Crores). The current threshold, Rs
Tax Engines are essential as tax authorities move to e-invoicing & live reporting. And they no longer need to be expensive or excruciating to implement A ‘tax engine’ is a specialist software application used to calculate the correct VAT, GST or sales tax on a
The value of the gig economy is expected to more than double from US$204 billion in 2018 to US$452 billion by 2025.7 In the UK, the Trades Union Congress (TUC) estimated in the summer of 2019 that 4.7 million people now work regularly on one or
