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With 2021 almost three weeks old, tax authorities around the world have already introduced swathes of new rules, rates and regulations that could affect the way your Finance Team works. Here are five of the most important new regulations announced in recent days: 1) 3
Greece has confirmed a delay to the implementation of its new myDATA portal, which will see e-invoices and e-books become mandatory for businesses in the country. The scheme was due to be introduced on 1st January 2021 but it has now been pushed back to
The Middle East continues to be home to some of the world’s most complex and stringent VAT laws, making compliance a must for all businesses. We’ve rounded up five of the top talking points from the first few days of 2021: 1) Saudi Arabia’s new
Poland has announced it will implement an e-invoicing system to facilitate smooth business-to-business billing, ensure optimum levels of security and increase its ability to identify tax fraud. The country’s Ministry of Finance – National Tax Administration confirmed the move, saying it would be particularly effective
Saudi Arabia operates one of the world’s newest VAT systems, having only adopted the tax on 1st January 2018. Despite the nation implementing a relatively simple set of rules, rates and regulations, many businesses in the region have struggled to implement it effectively over the
It’s been another hectic week in the world of tax, with dozens of countries updating their VAT systems and tax regulations in the run-up to Christmas. We’ve rounded up five of the most important pieces of news from the last seven days: 1) New levy
2020 has been the most volatile financial year in decades, with the Covid-19 pandemic forcing governments around the world into unprecedented levels of borrowing. As those governments now face up to the prospect of trying to repair their damaged economies and tackle the vast debts
Does your business trade in or with Belgium? If so, you’ll probably be aware of the complexities and nuances of one of Europe’s most comprehensive and well-established VAT systems. From the latest rates and rules to exemptions, a unique reporting requirement and how to submit
The world of tax moves at a frantic pace – and never more so than during a global pandemic! As governments continue to make changes to VAT rates and rules and further measures are introduced to combat the economic impact of Covid-19, we aim to
Oman is set to become the latest country to adopt a VAT system, with legislation for the tax due to come into effect in April 2021. As with any VAT implementation, there is a vast range of rules, rates and regulations for businesses to get
