Annual comparative review of countries’ tax of goods and services Included within the OECD’s annual Tax Policy Reforms: OECD and Selected Partner Economies are an analysis of VAT and GST strategies of 90 countries which are part of the OECD and G20’s BEPS reform programme.
What do the countries resisting the fashion for pre-clearance VAT e-invoicing know What do the countries resisting the fashion for pre-clearance VAT e-invoicing know? Why are they looking at alternatives? Many European countries are fast-tracking their compulsory VAT electronic invoices plans – often rattled by
Which countries do not apply VAT reverse charge on B2B cross-border electronic, broadcast and telecoms services Over 120 countries have VAT obligations on digital services when supplied by non-residents to consumers. For B2B cross-border transactions, most countries shift the VAT obligations to the business customer
Automation of VAT & GST determination vital in live e-invoicing sphere Tax authorities will soon know businesses’ VAT and GST obligations before their CFO thanks to global real-time e-invoicing mandates. This means the traditional option of validating and correcting invoices in the period between month
Operational challenges & market risks mean we may see retreat from full liability, deemed supplier VAT obligations for marketplaces The introduction of deemed supplier VAT obligations for online marketplaces has created a range of challenges for both the platforms themselves and the wider ecosystem of
Artificial Intelligence automating optimising tax code mapping in tax engines and ERP’s Tax codes, short digit and numeric codes, provide the information tax engines, ERP’s or accounting systems need to correctly identify the right VAT, GST or sales tax rates and reporting for any transaction.
