BEPS
Base Erosion and Profit Shifting is a project by the Organization for Economic Cooperation and Development (OECD) and the G20 to address tax avoidance by multinational corporations.
Base Erosion and Profit Shifting is a project by the Organization for Economic Cooperation and Development (OECD) and the G20 to address tax avoidance by multinational corporations.
i.SAF is an electronic subsystem of Lithuania’s Smart Tax Administration System (i.MAS) that enables taxpayers to submit invoice data to the State Tax Inspectorate in real-time.
i.VAZ is an electronic subsystem of Lithuania’s Smart Tax Administration System (i.MAS) that enables taxpayers to submit waybill and cargo transportation document data to the State Tax Inspectorate in real-time.
OSS (One-Stop Shop): An EU VAT system allowing businesses to report and pay VAT for cross-border sales in a single EU member state.
The foreign exchange market, commonly known as Forex or FX, is a global marketplace for trading one nation’s currency for another.
The Tour Operators’ Margin Scheme (TOMS) is a VAT scheme in the UK designed for businesses that buy-in and resell travel services, such as accommodation and transport. Instead of accounting for VAT on the total selling price, businesses under TOMS only pay VAT on the
Data about the business entities which provides context for business transactions.
VAT Registration Number identifies a taxable business or non-taxable legal entity that is registered for VAT.
Pillar Two is the second of the OECD’s two-pillar scheme, originally agreed on in 2021 to tax the digital economy framework.
Enterprise resource planning (ERP) is a type of software that organisations use to manage main business processes.