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Romania has confirmed it is introducing obligatory SAF-T reporting, known officially as the D406 Informative Declaration, from January 2022. It joins a growing list of European countries to adopt SAF-T, including Poland, Portugal, Norway, Hungary and Austria. What is SAF-T reporting? SAF-T – or Standard
With just two months remaining until the UK introduces a new VAT rate for the hospitality industry, we’re advising tax teams around the world to consider whether they are ready to implement and comply with it. If your organisation makes supplies within the hospitality sector
We recently hosted a webinar – From days to seconds: How Alteryx has transformed VAT reporting for Lumen – with our collaborative partner, Alteryx. As our most popular webinar to date, it’s perhaps no surprise that we were inundated with questions from attendees during the
It can be hard for any tax team to stay on top of the latest rate changes, which is why we’ve compiled 12 of the most important updates this month into a handy overview. Remember to share with your team! 1) Portugal The autonomous region
The UAE Cabinet recently confirmed several updates to the administrative penalties applicable to businesses that commit tax violations in the country. As part of the Cabinet Decision No.49, various concessionary measures have been introduced that will reduce the severity of penalties imposed on some taxpayers.
Tax authorities around the world continue to make amendments to VAT rates and rules, while others consider the introduction of new taxes, as they look to achieve key economic objectives. We’ve rounded up 10 of the biggest announcements from around the globe over the last
Despite the Covid restrictions understandably meaning this year’s VAT Management Summit was a virtual event and we missed out on the chance to meet up with friends and colleagues from across the tax industry, we were nonetheless delighted to take part and contribute to an
Businesses trading in or with Brazil have been given a warning of potential tax reform. Economy minister Paulo Guedes said last week that he wants the country’s tax system to be overhauled within four to five months, meaning businesses may be expected to comply with
