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Businesses trading between the UK and the EU must act now to ensure updates are made to their tax setup in time if they are to comply with new regulations set to come into effect on 1st January 2021. With the UK due to leave
The United Arab Emirates introduced a VAT system in 2018, placing a new wave of requirements on businesses based in or trading with the country. From Designated Zones to pre-payments and different taxes for each of the UAE’s seven emirates, there is plenty to get
Update – 18th October 2020 The Official Gazette of Oman has published the country’s VAT Law, confirming VAT will come into effect on 16th April 2021. It included 106 articles across 13 chapters and covered regulations on everything from registration to zero-rated and exempt supplies,
Amid unprecedented economic downturn and record state spending in dozens of countries, governments across Europe could be forgiven for prioritising the accurate and effective collection of taxes more than ever before. However, new statistics suggest many nations could be achieving quite the opposite, with the
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
