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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 […]

VAT obligations: My business probably has them, what should I do?
VAT obligations: My business probably has them, what should I do?

VAT obligations: My business probably has them, 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 […]

VAT in a foreign country: 5 reasons your business would need to register
VAT in a foreign country: 5 reasons your business would need to register

VAT in a foreign country: 5 reasons your business would need to register

VAT in a foreign country. Why would your business need to register? It’s much more likely than you might suppose. You don’t need to be a massive multinational company with branches around the world. Perhaps you sell goods online and ship them to customers in another country. Or maybe your business provides online services, like […]

Resident VAT registration vs Non-resident: What’s the difference?
Resident VAT registration vs Non-resident: What’s the difference?

Resident VAT registration vs Non-resident: What’s the difference?

Resident VAT registration is VAT in a country in which your company is based.  Once you generate revenue past a certain threshold, your business will be required to register for VAT, in accordance with the specific regulations of the country in which you are based. On the other hand, non-resident VAT registration refers to VAT […]

The risks of VAT non-compliance: What happens if I don’t register?
The risks of VAT non-compliance: What happens if I don’t register?

The risks of VAT non-compliance: What happens if I don’t register?

VAT non-compliance risks severe penalties, even if it is accidental. There are a number of reasons why a business may not register for VAT, even if they have an obligation to do so. Digital services companies are especially at risk of VAT non-compliance. It’s very easy to supply digital services to customers around the world. […]

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