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Based in or trading with Oman? You’ll soon need to get your business up to speed with the complexities and nuances of a brand new VAT system, which recently moved a step closer to being implemented in the country. Majlis Al Shura, the advisory council
As the Covid-19 pandemic causes economic pain across the country and what looks to be a tough winter for many approaches, all of us at Innovate Tax are determined to do what we can to support people struggling to make ends meet. That’s why both
An investigation by Saudi Arabian authorities has uncovered an average of one tax violation among every five businesses inspected, indicating many organisations are failing to comply with the nation’s VAT rules. The General Authority of Zakat and Tax (GAZT) completed an inspection of 3,686 trade,
Barely a week after we revealed seven VAT changes in seven days, a number of further updates have been announced by authorities in four more countries: Portugal, Ecuador, Canada and Poland. Here’s the latest details from four important announcements around the world you’ll need to
The outbreak of Covid-19 thrust businesses around the world into an extraordinary scenario almost overnight; operations and services that had for decades been fulfilled in the office were suddenly the responsibility of employees working from their dining rooms, sheds or, if they were lucky, home
It’s been another busy week in the world of tax. If you haven’t kept up to date with all the latest changes and updates from around Europe, sit back and take a few minutes to catch up in our weekly round-up of seven headlines you
The International Bureau of Fiscal Documentation (IBFD) is the world’s most prestigious and respected authority on cross-border taxation. For over 80 years, IBFD has been the undisputed global authority on all things tax. Aside from boasting the world’s most comprehensive and curated tax library, the
Just like all businesses, we’re adapting to the ‘new normal’; from marking out exclusion zones around desks and limiting capacity in meeting rooms to supplying our team with enough hand sanitizer to sink a battleship 😉 But, until last week, we hadn’t faced the challenge
This week in the UK, the Chancellor Rishi Sunak announced even more temporary VAT cuts for the hospitality sector from mid-July, from 20% to 5% until early January. Sounds great, right? We scrutinise the scope of the rate changes and the ‘hands-on’ practicalities of implementing
