Skip links

Blog

My business probably has VAT obligations. What should I do?
My business probably has VAT obligations. What should I do?

My business probably has VAT obligations. What should I do?

It’s easier than ever to incur VAT obligations, especially if you operate in multiple markets. If your business generates turnover in excess of the threshold set by your local tax authorities, you will need to account for VAT. Moreover, if you sell products or services in foreign markets, there’s an ever-increasing number of conditions under which […]

Rwanda exempts electric cars from VAT
Rwanda exempts electric cars from VAT

Rwanda exempts electric cars from VAT

They’ve already banned plastic bags. Now, Rwanda is exempting electric cars and electric car parts from VAT. Electric vehicles will also be exempt from import duties. Rwandan officials are also looking to promote electric car production in the county.  In addition, many energy-efficient items are already exempt from VAT in Rwanda. For example, there is […]

Oman implementing new VAT laws
Oman implementing new VAT laws

Oman implementing new VAT laws

Oman’s VAT laws come into effect on 16 April 2021. 5% VAT will apply on goods and services traded in Oman. The 5% rate also applies to goods that are imported into the Sultanate. VAT in Oman will apply to all goods, except exempt essential items (such as medicines and specified food products) and exempt […]

Over 70 countries are adopting OECD digital VAT standards
Over 70 countries are adopting OECD digital VAT standards

Over 70 countries are adopting OECD digital VAT standards

Seventy countries have already implemented, or are taking steps towards implementing, the OECD’s standards and guidance for digital VAT, according to the OECD Secretary-General’s report to G20 Finance Ministers. The reports adds that an additional 40 countries are planning to implement the standards or are considering doing so. Enhanced revenue collection The report says that […]

Colombia concert ruling raises virtual VAT conundrum
Colombia concert ruling raises virtual VAT conundrum

Colombia concert ruling raises virtual VAT conundrum

Colombia’s tax authorities have issued a clarification on whether an online concert counts as a public performing arts performance and is thus eligible for a VAT exemption. The DIAN clarified that a virtual performance does not meet the criteria for the exemption. That’s because virtual performances don’t  meet all the criteria for a public performance […]

Outsourcing your VAT compliance: Multiple providers vs a one stop shop
Outsourcing your VAT compliance: Multiple providers vs a one stop shop

Outsourcing your VAT compliance: Multiple providers vs a one stop shop

Should you outsource your VAT compliance to multiple providers or is it better to choose a one stop shop for all your VAT compliance needs? To answer the question, let’s start by asking why you would be outsourcing your VAT compliance at all. The value of outsourcing your VAT compliance For many companies, outsourcing your […]

Sign-up to receive our latest Updates

Get a quote